CMN Resolution No. 5325 — Establishes conditions, financial charges, terms, and other regulatory norms for financing lines for compliant Fies beneficiaries, as per Article 2 of Provisional Measure No. 1,373, of June 29

The Central Bank of Brazil, in the form of Article 9 of Law No. 4,595, of December 31, 1964, makes public that the National Monetary Council, in an extraordinary session held on July 3, 2026, in view of the provisions of Article 4, caput, item VI, of Law No. 4,595, of December 31, 1964, and based on Provisional Measure No. 1,373, of June 29, 2026, R E S O L V E S :
Art. 1 This Resolution establishes the definitions, financial charges, conditions, and other regulatory norms applicable to the reimbursable credit line for compliant beneficiaries of the Student Financing Fund – Fies, as referred to in Article 2 of Provisional Measure No. 1,373, of June 29, 2026. Art. 2 For the credit line referred to in Article 1, the following conditions apply:
I - beneficiaries: natural and legal persons who meet the eligibility criteria established in an ordinance of the Ministry of Finance; II - purpose of application of contracted resources by natural persons: financing of entrepreneurial activity; III - purpose of application of contracted resources by legal persons: working capital; IV - financial charges to borrowers, as remuneration for financial institutions: up to 8.94% p.a. (eight point ninety-four percent per year); V - financial charges to borrowers, as remuneration for resources provided by the Union: 2.06% p.a. (two point zero six percent per year); VI - repayment term applicable to contracts with natural persons: up to sixty months, including up to six months of grace period for principal and interest; VII - repayment term applicable to contracts with legal persons: up to ninety-six months, including up to twelve months of grace period for principal and interest; VIII - contracting limits per borrower: as defined in an ordinance of the Ministry of Finance; and IX - operational risk: of the financial institutions that directly operate the financing lines. § 1 Interest capitalization is not permitted during the grace period. § 2 The interest rates of the financing contracts will be calculated by converting the charges provided for in items IV and V of the caput into factors, as applicable, and their subsequent multiplication. § 3 The credit line referred to in the caput will be operated by Banco do Brasil and Caixa Econômica Federal. Art. 3 Banco do Brasil and Caixa Econômica Federal may charge borrowers, in addition to the financial charges provided for in Article 2, caput, item IV, other charges or commissions, usually practiced in their operations, especially due to the request for consent within the scope of contracted operations, as established in their respective operational policies, and a charge for credit reservation, as per contractual provision, observing the incidence hypotheses and values disclosed on their respective official websites. Art. 4 This Resolution enters into force on the date of its publication. GABRIEL MURICCA GALÍPOLO President of the Central Bank of Brazil