Quanto vale
Ágio on a carta contemplada: what it is and what's fair to pay
A Liberty Carta guide to the ágio of a carta contemplada: common percentages, total cost, reajuste and how to tell if the entry is expensive.
| Scenario | What to check | Best next step |
|---|---|---|
| Low agio | Whether it comes with high installments, short term or document risk. | Do not decide only by entry amount. |
| Average agio | Whether total cost still beats financing. | Compare with a similar letter. |
| High agio | Whether there is real urgency, scarce supply and very liquid credit. | Negotiate or look for another share. |
Want to compare a real letter?
Check entry amount, installment, term and administrator before deciding. Liberty Carta helps verify the share and compare total cost.
See available lettersThe ágio is the amount the buyer pays the holder of a carta contemplada for the advantage of the credit already being released. It's the 'compensation' for skipping the consortium queue. Knowing what's a fair ágio is what separates a good deal from a loss.
How much ágio is paid, on average
The ágio is charged as part of the entry and varies a lot by credit band, administrator and remaining term. As a Liberty Carta commercial estimate — based on observed deals and which may vary by administrator, group, term and demand — the entry (which includes the ágio) usually sits between 30% and 45% of the credit value. Always make clear what the percentage is based on: whether it's calculated over the total credit or over the outstanding balance. On smaller, sought-after letters the percentage rises; on large ones it tends to be proportionally smaller.
How to tell if the ágio is expensive
- Look at the total cost: entry + all remaining installments, not just the entry.
- Compare similar shares (same credit and administrator) from different sources.
- Be wary of a high installment with a short term — it raises the total even with a low ágio.
- Factor in the annual reajuste of the installments.
Transparency first
Many sellers highlight only the low entry and hide the real cost. At Liberty Carta we show the full picture — entry, installment, term and reajuste — so you can decide with clarity. We are not an administrator: we broker and advise the purchase transparently.
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