Is it possible to define the institution that provides loan with the lowest rate interest?
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In fact, this is a major concern for people who are trying to face the crisis, need a solution and are looking for affordable rates when taking out a loan.
And this happens because each financial institution has its own system, causing rates and conditions to change.
Therefore, it is ideal that you know how to identify good options when comparing companies, something we will teach you below:
Loan with the lowest interest rate
In addition to the conditions of each company, something that characterizes obtaining affordable credit would be your financial profile.
Not all customers have the same conditions.
In this sense, it is essential that you research and compare the main interest rates available on the market, according to your profile.
But what characteristics should be taken into consideration when researching?
First, it is important to understand that there is different types of credit in the financial market, which aim to meet specific needs.
For example, customers looking for a loan with the lowest rates They rarely take out a personal loan or use their card's revolving credit or special check.
This is because the rates for the options above are among the highest on the market, exceeding 3 digits per year.
Otherwise, payroll loan alternatives, as well as credit secured by a vehicle or property, have more attractive conditions.
This type of modality has a lower risk of default, making the company more secure and offering lower interest rates.
Therefore, let us give you the average interest rate for the main credit options, according to the Central Bank in 2020:
- Credit secured by property (Credits) – 11,88%;
- Credit secured by vehicle (Creditas) – 17,88%;
- Payroll loan – 22.5%;
- Personal loan – 119.5%;
- Credit card installments – 175.2%;
- Credit card revolving – 300.3%;
- Special check – 318.7%.
Therefore, please note that customers who intend to hire a loan with the lowest rates, must resort to certain modalities.
How to perform the search?
Well, after defining a type of credit, how do you compare it?
We can tell you that in the digital environment there are two ways:
The first would be to check the main banks in Brazil to obtain information on interest rates and all benefits.
This is an option for those who want to understand every detail, and it is very advantageous.
On the other hand, the second way is simpler, considering that you use platforms like Finanzero and of the Serasa eCred to compare between institutions.
There is no right or wrong, do what is best for you.
Which bank has the lowest interest rate for loans?
Is there any way to find out? which bank has the lowest interest rate for loan without having to perform a bunch of simulations?
In fact, there is! On the website of the Central Bank of Brazil you can find a table with rates charged by financial institutions in different types of credit.
Of course, when simulating, the financial institution considers many factors to set an interest rate, for example, the applicant's financial profile.
However, knowing the average interest rate of each institution can be very useful when choosing a loan with the lowest interest rate.
Check out a table below with the names of the 10 banks with the lowest interest rates for loans, according to data from Bacen.
| Institution | Pre-fixed interest rates on the INSS personal loan product |
| Inbursa Bank | 1,51% am |
| BRB | 1.58% am |
| Cetelem Bank | 1.60% am |
| Crefisa | 1.63% am |
| Alfa Financial | 1.66% am |
| Sicoob Bank | 1.69% am |
| Sicredi | 1.69% am |
| State Bank of RS | 1.69% am |
| CCB Brazil | 1.72% am |
| Inter Bank | 1.73% am |
Table with interest rates for non-consigned personal loans:
| Institution | Pre-fixed interest rate on the non-consigned personal credit product |
| Andbank Bank | 1.06% am |
| Sofisa | 1,12% am |
| Modal | 1.66% am |
| Plants CFI | 1.68% am |
| Management SA | 1.68% am |
| BS2 Bank | 1.77% am |
| BCO J.Safra | 1,89% am |
| Itaú Bank payroll loan | 1,91% am |
| Safra Bank | 1,93% am |
| Alfa Financial | 2,01% am |
You can check the complete list on the BC page and, based on the information, decide where to carry out the simulation first.
Some rates for non-consigned personal credit products can exceed 10% per month, something around 215% per year.
A percentage that is already considered very high. Therefore, consider carefully when choosing!
Where to borrow money with low interest?
Well, to know where to borrow money with low interest, First of all, you need to figure out which bank offers loan with lowest interest rate.
You already discovered this in the previous topic. However, to make your life even easier, we selected 4 companies from the table mentioned above to highlight. Check them out below!
1. Loan with the lowest interest rate Alfa Finance
Financeira Alfa offers payroll loans to INSS retirees and pensioners, private company employees, public servants and members of the Armed Forces.
The payment term can vary between 3 and 96 months, the amounts must follow the consignable margin.
Therefore, you can only find out if the amount you wish to request will be approved by running a simulation.
The interest rate charged by Alfa starts at 1.50% per month and may vary depending on the applicant's profile, for example, whether they are a public servant or an INSS policyholder.
To perform a simulation, access the website Alfa Payroll Loan.
2. Cetelem Bank
Banco Cetelem sells different credit products, including personal loans. Rates for this product start at 1.99% per month.
The amounts can be paid in installments over up to 48 months. This loan is only available to Cetelem customers.
This is because the contracts are linked to the additional credit card limit, in addition, the value of the installments is charged on the credit card bill.
If you are already a customer and want to run a simulation, access the Cetelem app. If you are not yet a customer, open your account to be able to request a loan with the lowest interest rate at Cetelem.
3. Safra Bank
Banco Safra, or Safra Financeira, also offers different credit products. One alternative with the lowest interest rate is Loan with FGTS Anniversary Withdrawal Guarantee.
Take the opportunity to read too How do I know if I have FGTS to receive?
With it, you can advance up to 7 annual installments of your FGTS Anniversary Withdrawal. Interest rates start at 1.69% per month.
To hire and find out more details, visit the website Financial Harvest.
4. Loan with the lowest interest rate from Banco Sofisa
The personal loan from Banco Sofisa can be requested online. After approval, the money will be in your account within 24 hours.
However, you don't need to worry about paying the first installment right away, as this loan has a grace period of up to 40 days.
The amounts, in turn, can be requested between R$$5 thousand and R$$50 thousand. The personal loan model does not require collateral.
However, if you want to get a credit with interest rate still lower, You can opt for a secured loan.
Where is the cheapest loan?
A great way to find cheaper loan is by carrying out simulations on online credit platforms.
This is because they act as banking correspondents for different financial institutions. When you run a simulation on their platform, you receive a result with the best alternatives for your profile.
This way, you can choose from the best options. Among the best online platforms to find cheaper loans, we can highlight, for example:
- Credits;
- Good for Credit;
- FinanZero;
- BXblue;
- Serasa eCred;
- Low interest;
- Noverde;
- Querofinanciar.com.
So when you want to know where there are loans with low interest, you can start by running a simulation on these credit platforms.
5 online personal loan options with low interest rates
Our purpose is to give you different options of places to find a loan with the lowest interest rate.
This process can take a lot of research time, but knowing exactly where to go will save you time and money.
So, continue reading and discover 5 options online personal loan with low interest.
#Rebel
The interest found at Rebel is charged from 1.90% to 9.90% per month. The Total Effective Cost is around 23.88% to 119.88% per year.
The application process is completely online, you will do everything from the comfort of your home!
After the request, the money will be in your account within one business day. In addition, you will have up to 45 days to pay the first installment.
The amounts, in turn, can be requested between R$1 thousand and R$50 thousand, and you can divide the payment into up to 36 months.
To learn more details about Rebel Loan with the lowest interest rate and perform a simulation, access your website.
#Geru
Need urgent money, but with competitive interest rates? Geru could be the solution to your problems!
Geru's interest rates average 24% per year and can reach up to 98.4% per year.
Monthly, they can vary between 2% to 8.2% per month, certainly one of the lowest for personal credit.
After the transaction is completed, the amounts may drop within a maximum of one business day. You can request between R$$5 thousand and R$$50 thousand.
It is still possible to request higher amounts, just contact the company to check availability.
In addition to not needing a guarantee, you can pay in up to 36 installments. Interested? Visit the Geru website and perform a simulation!
#Just
At Just, you can take out a loan to refinance debts, invest in your company, renovate your home, use it instead of an overdraft, etc.
Interest rates start at 1.67% per month, with an average of 20.4% per year.
The amounts can be paid in up to 24 installments and you can request between R$$5 thousand and R$$35 thousand.
It is worth noting that Just is a BV Financeira company, therefore, the simulation is carried out in BV portal.
#CBTG Pactual Personal Credit
This alternative can be requested 100% online, but it is exclusive to Banco BTG Pactual customers, so if you opt for this product, you will have to open an account initially.
Among the advantages it offers, we can highlight, for example:
- Up to 90 days to start paying;
- You don't need to leave anything as collateral or justify the use of the money;
- Choose the payment date and the number of installments.
It is worth noting that some conditions may vary depending on the financial profile and credit analysis of each customer.
The application process is very simple and can be requested through the BTG app.
#Loan with the lowest interest rate C6 Bank
C6 Bank's interest rate starts at 2.92% per month. This product is also exclusive to the bank's customers and can be easily requested through the app, as long as you already have a pre-approved limit.
After the request, the amount is released into the account immediately, and you can also choose the number of installments and the due date.
If you are not yet a customer, download the app and open your account to see if you have a pre-approved limit to request a loan with the lowest interest rate.
However, if you don't have one, don't worry, as this situation may change. Continue paying your bills on time and using the C6 Bank app frequently.
This will increase your chances of having a pre-approved limit available.
Conclusion
After making the comparison and defining the loan with the lowest rates, we recommend that you do the following before hiring:
Visit the website of Complain Here to understand whether this company is trustworthy through customer opinions.
It is also important to analyze whether the company seeks to resolve consumer issues.
After checking this, feel free to hire!
