As much as it is not the ideal situation, getting a personal loan is often a necessity. To adjust a momentary financial condition, covering an emergency, paying a debt or remedying a problem, the personal loan must be obtained quickly and in the best possible market conditions. Find out how to do:
What do I need to get a personal loan?
The first step to getting personal loan is to know why you need this money. This can be an alternative, for example, to pay off a high debt on overdraft or credit card. An emergency in the family is another reason to resort to this form of loan. When you have the clear goal in mind you can ask only for the amount you will need at the moment and if you plan to make the payment of what you borrowed. The documents required to apply for a personal loan may vary depending on the financial institution and whether or not you are a bank account holder. However, in general terms, to apply for a loan person you need ID, CPF, proof of residence and income. Those who do not have proof of income can take a bank statement, credit card voucher with the total invoice or proof of payment of credit that has been issued in the last three months.
What types of personal loans?
Personal loan is the most common mode. To request it, there is no need to prove how the money will be used. In general, it can be paid by check, check or even automatic debit to the checking account, depending on the financial institution. Another type of loan is payroll. This model, which charges interest rates lower than the personal model, differs because no guarantee or proof of purpose is required. The installments are deducted directly from the salary, so this option is not available for everyone. This modality is generally available to retirees (who have the value of the installments deducted from the benefit account of the INSS) and employees of companies agreed to the institution that will grant the loan. Anyone who has a property, such as a property or car, may consider refinancing it to borrow money. In this case the good is given as collateral in the negotiation, which helps to reduce the interest charged.
Where to borrow?
Several financial institutions offer personal loan. The personal loan can be parceled up to 24 times in the check or up to 18 times in the ticket. The due date is chosen by the customer, who has up to 60 days to pay the first installment. At Fincaide the payment of the fixed installments can be made in up to 24 months with check or debit in account. Bank Pail offers to its clients with pre-approved credit personal loan with money in the checking account at the time. Within the limit already approved, just choose the value and the expiration date. Who receives the salary by Itaú obtains lower rates. Bankcors offers personal loans also to account holders who have pre-approved credit. There are even exclusive options for college students and retirees. At Apobank, there are personal credit options for all needs. At BankCity personal loans are exclusive to account holders.
Another option is to take out a personal loan over the internet, which can offer lower rates than financial institutions and be much faster. Anna Christie has compared 6 companies that provide this service and listed pros and cons, see.
Recourse to personal loan is an alternative to pay off debts that charge higher interest, such as credit card or overdraft, or solve an urgent financial problem. However, to avoid having to borrow money again, it is important to invest in a good financial organization and create an emergency fund for these situations.