MoveApps: BB will have cashback of up to 3.5 installments in financing for Uber drivers

Uber app has an alert button for drivers and passengers
Banco do Brasil and Uber announced this Friday (26) a partnership to offer extra benefits to platform drivers who finance vehicles through the Move Brasil Program - Taxi and Applications.
The partnership provides for the payment of cashback for every 12 installments paid on time. The benefit is calculated progressively and can reach the equivalent of 3.5 installments of financing, depending on the amount contracted, the term and punctuality of payments.
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In practice, the incentive further reduces the cost of financing, in addition to the lower interest rates offered by the program.
In total, the credit line makes up to R$30 billion available to the sector. Of this total, at least R$3 billion is reserved for women and another R$3 billion for taxi drivers.
During the launch of the program, at the beginning of this month, the Minister of Development, Industry, Commerce and Services (MDIC), Márcio Elias Rosa, stated that the financing portion could be equivalent to half the amount paid when leasing a vehicle.
"Whoever eventually finances R$100,000 to buy a car of that value, today, pays around R$ 4,200 per month for the rental of a vehicle worth up to R$100,000. Financing for up to 72 months, the installment will be R$2,500", he said.
Who is eligible?
To be entitled to the benefit, you must finance a new vehicle through Banco do Brasil, keep payments up to date and make, on average, at least 240 trips per month through the Uber platform.
How Move Brasil works
The Move Brasil Program allows you to finance new vehicles worth up to R$150,000, including electric, hybrid, flex and ethanol-powered models.
The payment term can reach 72 months, with a grace period of up to six months. Interest rates start at 0.91% per month for women and 0.99% per month for men, which expands the possibilities of renewing the fleet with more efficient vehicles with a lower environmental impact.
See the step-by-step guide on how to participate:
Registration and consent: register on the official government platform by clicking here and authorize your personal information to be evaluated, it is necessary to check whether you meet the program's requirements;
Confirmation of participation: later, within 5 working days after registering on the platform, you will be informed whether or not you meet the requirements. According to the MDIC, approval of registration on the platform does not guarantee the financing line, being subject to banks' credit analysis;
Financing request: if you have received confirmation of participation in the program, you can now look for banks with which you have a relationship.
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Source: G1