Find out how the Banco do Brasil Consortium works and do a simulation.

In this article, we will show the essential points about hiring the Banco do Brasil Consortium.

You will know how the BB consortium works, how meetings are monitored and other important details so that you can draw your own conclusions about the Consortium modality.

How it works?

According to BACEN regulations, everything in this modality was standardized. Therefore, Banco do Brasil has the same procedures for delivering goods as any other administrator.

Unlike other specialized administrators, Banco do Brasil does not carry out quota draws.

The draw is based on the extraction of the Federal Lottery from the Saturday prior to the holding of the contemplation assembly, in which only those consortium members whose quota is up to date with their financial obligations will participate and if the installment, referring to the month of participation in the contemplation assembly, has been paid by the due date.

Through the Banco do Brasil Consortium, you do not pay interest. With a credit card you can buy a car other than the one linked to your quota and when purchasing a car plan you can buy new or used cars, motorcycles.

You can also use up to 10% of the credit for expenses such as IPVA, registration and insurance.

How to follow the Banco do Brasil consortium?

On the internet or on the Banco do Brasil App you will find the option to simulate, hire and manage your consortium:

• Simulate and hire;
• Offer a bid;
• Confirm contemplation;
• Consult payment statements;
• Consult calendar and results of meetings;
• Issue your letter of credit in PDF.
• Is the Banco do Brasil Consortium good?

Often, you may believe that because it is a very large company in the financial sector, you will not have problems in relation to your consortium or the service provided. But remember that you will not be assisted by a consortium specialist, but by a bank manager.

By dealing with diverse product portfolios, as well as loans, credits, savings, investments and many others, the manager's knowledge about consortiums becomes somewhat limited.

We can also address delays in service, waiting in queues, self-service that is often busy, among other routine problems.