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Is there a loan model for those without a checking account? Read on to find out!
With innovation in the financial market, getting a loan has become easier. For example, it's now possible to get credit with a negative credit history and even without a checking account.
This is one of the advantages of personal credit, a simpler and easier loan model to apply for.
If you need money to organize your finances but don't have a checking account, there are other solutions available!
In fact, that's exactly what we'll show you today! Keep reading and discover some alternatives. loan for those who do not have a checking account. Check it out!
Text index:
- Loan for those who do not have a checking account:
- Magazine Luiza;
- Pernambucans;
- Loan at 24-Hour Bank;
- Some considerations;
- Conclusion.
Loan for those who do not have a checking account
Not having a bank account will no longer be an impediment to applying for a loan.
One of the main requirements companies have for approving credit is that the applicant has a current account at a bank.
This is because it is where the amounts will be transferred, but, in addition, it proves that the bank has a link.
Despite this, it is possible to request a loan for those who do not have a checking account quietly.
Check out the alternatives we’ve selected below!
Magazine Luiza
You've certainly heard of Magazine Luiza. Although the company's name is strongly associated with the furniture and home appliance store, it also sells some credit products, such as credit cards and loans.
Many people don't know, but Magazine Luiza is among the ten largest fintechs in Brazil, this title is the result of a partnership with Hub Fintech.
Your personal loan for individuals can be requested through the Magalu app, however, for those who do not have the app, you can go to one of the stores.
In addition to personal credit, Magalu also sells payroll loans, with automatic deductions from payroll.
In this second option, it is possible to obtain higher amounts and lower interest rates, as the financial institution has security in the operation.
To apply for personal credit, one of the requirements is to have a Magalu credit card. In addition to the card, you must have proof of residence, your ID and CPF.
👉 Meet the Magalu credit card with no annual fee and lots of cashback
Also bring proof of income, if you have one, but remember that it is not essential.
The interest rates charged by Magalu on the payroll loan average between 2% and 2.5% per month.
However, for personal credit they can be much higher, as the company has no payment guarantee.
Certainly, customers who have a good relationship with the company can get lower interest rates.
It's important to run a simulation beforehand to find out if the installments fit your budget.
The personal loan can be paid in installments over up to 24 months and payment is made via installment plan.
A great advantage is that you leave the store with cash in hand, if you receive approval!
The simulation can be done in stores or by phone. Check out another option loan for those who do not have a checking account next!
Pernambucanas
The Pernambucanas personal loan is available for request through the digital account app and offers other benefits, such as cashback.
However, for those who do not yet have a digital account, there is the possibility of requesting a Pernambucanas loan directly at a physical store.
Just like with the Magalu loan, the main requirement is that the customer has a store credit card.
With this product and your main documents, go to a physical Pernambucanas store and request a loan.
A credit analysis will be carried out with your data and the requested amount. If approved, you will leave the store with your money.
The Pernambucanas loan can be requested up to R$1,040,000, the amount, in turn, can be paid in up to 15 installments.
Interest rates start at 7.9% per month and can reach up to 16.72% per month. These last three pieces of information raise a red flag!
First, in terms of the value and number of installments, depending on the value, the installments would be quite high since the maximum is up to 15 times, but this number could be lower, depending on your financial profile.
Besides that, we still need to consider the interest rate, which can be quite high, depending on your credit analysis as well.
In short, run a simulation and evaluate whether it's a viable option for your finances. Before deciding, look for other options to compare.
If you don't have a Pernambucanas card, you can also try a simulation, but the chances of success are lower, as the credit analysis is more rigorous.
Another alternative is to try to request the Pernambucanas credit card before taking out a loan.
Our next loan option for those without a checking account is a little different. Keep reading to find out!
Loan for those who do not have a current account at Banco 24 horas
Did you know that you can apply for a loan directly at Banco 24 horas? In fact, this loan model loan for those who do not have an account is offered by banks.
Therefore, you need to have a credit card with this option enabled. To find out if you have a pre-approved withdrawal limit, you can contact your issuing bank or check your card statement.
It is very important to share two pieces of information with you about this type of service:
First of all, when you take out a loan at the 24-hour ATM, do not accept help from strangers.
The second recommendation is that this credit model has a high interest rate, and may also incur withdrawal fees, so consider this before opting for this option.
Among the card alternatives that allow you to borrow money via withdrawal at Banco 24 Horas, we can highlight, for example:
- Cetelem Bank;
- Bank of Brazil;
- Bradesco.
Some considerations
Although it is possible, it is very difficult to find alternatives loan for those who do not have a checking account.
For those who are always in need of financial solutions to organize their finances, the ideal is to have an account.
In fact, most accounts already offer loans through the app, making it even simpler and easier to obtain.
So, if you don't already have a checking account, consider opening one.
A great alternative is to open an account in a digital wallet. These are payment accounts, but they work exactly like a checking account. If you play around, even better.
There are many great alternatives on the market and here on our blog you will find many recommendations.
Don't waste any more time and open a digital account today to simplify your life!
Conclusion
Not having a checking account doesn't have to be an obstacle to getting a loan to solve your financial situation, of course.
However, with this account model, everything becomes easier and you can opt for more economical loan models, for example.
In the meantime, you can check out our suggestions for loan for those who do not have a checking account.
