How does the loan work on your electricity bill: read our text and clear up any doubts you may have on the subject. At the end, see the names of safe institutions to hire.
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Certainly, many people are still unaware of this type of loan, how it works or whether it is safe.
If you also have these types of doubts, your problems are over!
In today's article, you will be able to resolve the main doubts about this type of credit.
So, keep reading and take note of the following:
- What is a loan on the electricity bill;
- How does the loan work on the electricity bill;
- What are the advantages and disadvantages;
- Necessary requirements;
- Summary.
Happy reading!
What is a loan on the electricity bill?
The new type of credit, the loan on electricity bill , still little known by people. That is why there are still many doubts about how it works or whether it is actually safe.
This credit option is also known as an alternative personal loan. It is intended for people who have more difficulty obtaining other lines of credit.
It is definitely the ideal option for those with bad credit!
During the pandemic, many people ended up losing their income, especially those who are self-employed.
In this case, they ended up having difficulty paying off their debts, which led to at least 50% of the Brazilian population ending up on the defaulters' register, according to data from the SPC.
Furthermore, many people needed credit in the market to restart their businesses and ventures.
However, they ended up having difficulty in getting it, as their credit rating was bad.
Therefore, this credit option was a light at the end of the tunnel for many people, due to its ease of contracting.
See below How does the loan work on the electricity bill?
How does the loan on the electricity bill work?
Unfortunately, this line of loan on electricity bill It is not yet available for all Brazilian states, only for the region of:
- São Paulo;
- Rio de Janeiro;
- Ceara;
- Goias;
- Rio Grande do Sul.
So where it is accessible, it happens like this:
The loan amount, or installments, are charged based on your energy consumption, meaning the amount is added to your electricity bill.
The amounts can be paid via lottery, Internet Banking or ATM, in the same way you usually pay your energy bill.
An important piece of information to highlight is that the maximum value of the loan installment must be twice as high as your energy consumption.
For example, if your monthly bill is approximately R$200.00, the maximum installment amount for the alternative personal loan should be R$400.00.
This type of loan is carried out by institutions with partnerships with electricity companies.
Before getting to know some of these institutions, see below what the advantages and disadvantages of this credit model are.
What are the advantages and disadvantages?
The biggest advantage of applying loan on electricity bill it's the ease and the fact that it's less bureaucratic.
But, despite being less bureaucratic, a credit analysis is also carried out.
Still talking about advantages, with it you have up to 18 months to pay, the amount is deposited into your account within 24 hours.
Therefore, it is the ideal line of credit for those who need money urgently.
The biggest disadvantage to standing out is the interest rates. Depending on the financial institution, they can be quite high.
Therefore, it is important to choose the financial institution carefully and carefully evaluate the interest rate and fees table.
Now that you know How does a loan on your electricity bill work?, see below the advantages and disadvantages of this practice.
What do I need to apply for a loan on my electricity bill?
To apply for this loan model, you must follow some restrictions, including:
- Have a bank account;
- Minimum 21 years and maximum 79 years;
- Your energy bills must be paid on time.
Now, see below the documentation required to request a loan on electricity bill.
- ID;
- CPF;
- Bank receipt;
- Proof of residence.
There are many safe institutions that make this type of loan, for example:
- Credits;
- Promoter Index;
- Click Cred;
- One Credi.
How a loan works on your electricity bill/conclusion
Hire a loan on electricity bill can be very useful, especially for those who are not in debt.
However, it is important to pay attention to interest rates and fees, and choose an institution that offers the best payment conditions.
Before simulating this loan model, be sure to research and carry out simulations.
Of course, it is important to choose the right option to avoid paying abusive interest.
If in the end, we conclude that the loan on electricity bill It is the best option, don't make it too high and divide it into a few installments.
It saw, How does a loan on an electricity bill work?
It's simple, easy and online!
If you still have questions about this topic, be sure to check out our article Loan on electricity bill.
