Types of loans : and there are different loan options. Personal, payroll, with guaranteed vehicle or property, revolving and overdraft.
Personal Loan / Personal Credit
It is not necessary to prove its use. It can also be requested at any time, whether to pay off debts , get out of overdraft , run away from store credit or even pay for a trip.
Personal loans are a simple and quick type of credit. The payment of installments must be made monthly, through automatic debit, bank slip or post-dated check.
You can apply for your personal loan at banks, finance companies or at the online credit mall . In this last option, Bom pra Crédito can help you find the perfect personal loan for your needs. And the best: at zero cost!
Payroll Loans / Payroll Loans
The payroll loan is one of the types of loans intended for those who work with a formal contract, INSS retirees or pensioners and civil servants. This type of loan has one of the lowest interest rates in the credit market.
The payment of the payroll installments is made with a discount on the payroll (paycheck) or before the social security benefit. To apply for a payroll loan, the applicant must have a consignable margin , which is the maximum amount of remuneration received that can be committed to the payroll loan.
In the case of retirees and pensioners, the payroll loan may be requested from other banks, provided that there is an agreement between the financial institution and the agency responsible for paying the benefit.
Vehicle Guarantee Loan
The vehicle secured loan is one of the types of loans that uses chattel mortgage as collateral. The vehicle ensures the payment of the debt, in case the agreement is not fulfilled by the borrower.
Only those who have a paid vehicle and with up to 10 years of manufacture can apply for the loan with vehicle warranty . There is a probability of receiving up to 70% of the vehicle value, depending on the seat chosen and the conditions of the vehicle. The interest rate of this type of loan also varies according to the condition of the vehicle and the number of installments chosen.
Property Secured Loan
The property secured loan , also known as property refinancing or home mortgage, is one of the types of loans that uses its own residential and paid-off property as a condition of the transaction.
The value can reach up to 60% of the property. The secured home loan is suitable for those who need a high-value loan. In addition, long-term ability to pay is important.
Types of Loans: Revolving Credit
Revolving credit works like a type of loan that comes into play when payment for the credit card bill is not made in full. If you choose the minimum payment or any amount other than the total amount of the credit card bill, the card administrator allows for financing with an increase in interest.
The overdraft is a type of loan simple and practical. The limit is pre-approved by the banks and is available in your checking account. You can check if you have an overdraft limit on your bank account statement or even your bank application.
The overdraft works as follows: if you have R $ 900.00 in a checking account and the overdraft limit is R $ 500.00, the total amount that can be used is R $ 1,400.00.