Have you heard about loan on electricity bill? Anyone who needs to borrow money quickly can count on this type of credit.
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Known as an alternative personal loan, this modality is especially designed for people who have difficulty accessing credit — such as consumers with bad credit, who represent approximately 50% of the country's population.
Learn all about loans on your electricity bill, find out if it's worth taking out this type of credit, and explore other alternatives.
What is a loan on the electricity bill?
It is a new type of credit, in fact, 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 personal loan alternative. 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 encountered difficulties in paying off their debts, which led at least 50% of the Brazilian population to end 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 were unable to do so because their credit rating was bad.
What now? What to do?
The only option was to research and look for less bureaucratic financial services with easy approval.
In addition to being less bureaucratic, they need to have good payment conditions and be economical, that is, with affordable rates and fees.
How does the loan on the energy bill work?
This credit option was certainly a light at the end of the tunnel for many people, due to how easy it was to obtain.
THE loan on the energy bill, it usually works 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.
This loan model is carried out by institutions with partnerships with electricity distributors, for example, ENEL, Coelba, EDP and Plancredit.
In the market, it is possible to find excellent financial institutions or correspondents that are partners of these distributors mentioned in the previous paragraph.
So, before you get to know the companies that do loan on electricity bill with low interest, see below some advantages and disadvantages of this line of credit and the criteria for applying.
What are the advantages and disadvantages of taking out a loan with a debit on your energy bill?
The biggest advantage of applying the loan on electricity bill it's the ease and the fact that it's less bureaucratic.
In other words, you don't need to prove your income and even people with negative credit ratings can receive approval.
But, despite being less bureaucratic, a credit analysis is also carried out.
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.
What are the criteria for requesting a loan debited from the energy bill?
Each institution has its own means of analysis and requirements to release this credit model.
Therefore, some criteria may vary according to each company, but generally they are:
- Energy bill in the name of the applicant;
- Active power supply at the address provided for analysis;
- Payment of the electricity bill on time;
- **The applicant must have a bank account to receive the loan amount.
- **Be between 21 and 79 years old.
** Some institutions only accept checking accounts, while others accept savings accounts. However, some of them do not accept digital bank accounts.
Therefore, check this information before doing a loan simulation.
**Some institutions accept up to 84 years old and others over 18 years old, but generally, the approximate range is the one mentioned above.
So, let's meet some companies?
Electricity bill loan with low interest PIKI
PIKI is a great institution for this type of credit. Safe. Simple. No red tape.
Amounts can be requested between R$200.00 and R$2,500.00, and the number of installments can reach up to 18x.
Unfortunately, PIKI does not operate in all Brazilian states, only in:
- São Paulo;
- Goias;
- Ceara;
- Rio Grande do Sul.
You can request yours loan on electricity bill with low interest on the website: piki.com.br
Simple Goal
With the loan on your Meta Simples energy bill, you also don't need to prove your income, you just need to have the electricity bill in your name.
The requested amounts can range from R$$200.00 to R$$2,500.00. It provides loans to clients of the following companies:
- CPFL;
- RGE;
- COELBA;
- CELPE;
- CELESC;
- ENEL;
- COSERN.
After approval, the money will be deposited into your account within 24 hours. See below the Meta Simples rules for requesting this credit:
- Be the holder of the electricity bill;
- Minimum age 21 years;
- Maximum age 85 years;
- Up to two overdue accounts*;
- Above R$1,000.00, proof of income is mandatory.
* As long as the sums of the accounts do not exceed 50% of the amount of credit requested.
Plancredi
With the loan on electricity bill with low interest requested in Plancredi You do not need to prove income.
Furthermore, it has no bureaucracy, it is 100% online and fast.
You can request from R$200.00 to R$1,000.00, the amounts can be paid in up to 18 fixed installments, that is, no unpleasant surprises when the energy bill arrives.
You can run a simulation and request it on the Plancredi website.
See the necessary requirements below:
- Be the holder of the electricity bill;
- Minimum age of 21 years;
- Maximum age of 84 years;
- Have a bank, savings or current account;
- Identity;
- CPF;
- The last electricity bill;
- Bank details;
- Two personal reference contacts.
Request yours on the Plancredi website.
Remembering that, if she is a Crefaz correspondent, if you prefer, you can request it directly on her website.
Take advantage and also read: “Plancredi Loan on Electricity Bill – Learn all about the institution”
Loan on electricity bill with interest below/Summary
THE low-interest loan on your electricity bill It is a great option for those who need money urgently, but cannot afford high interest rates.
Furthermore, it is easier to approve and less bureaucratic, and can even be requested by those with bad credit, as you can see in our article:
Loan on electricity bill – an opportunity for those with bad credit.
So, before signing any contract, compare interest rates and make the best choice!
