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Itaú released 4.1 billion reais in new loans and also extended the term of contracts totaling R$14.7 billion. The bank's aim is to help individual customers, small and medium-sized companies with reduced rates and various guarantees during the crisis period faced by COVID.
For individuals, the average extended time is 280,000.00 users, with values averaging R$$8.1 billion. To find out the amount you can acquire, simply run a simulation through the bank's app or online banking, at ATMs or go to a branch and speak to your manager.
Installment
Today, Itaú customers can use their personal loan to make purchases at partner online stores.
The user has up to 90 days to start paying off their personal loan. The installments can be made in up to 60 months and the rates are 2.99% per month. The user can also pay off their loan whenever they want. The bank also offers personal loans, a single installment that can be deducted directly from your account. The maturities can be 7, 14, 21, 28 and 60 days.
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Maximum interest
When applying for a loan, it is a good idea to pay attention to the interest rates and repayment terms. The best way to save money is to check which loans offer lower rates. This way, the customer can get smaller, fairer installments that fit their budget. After all, the customer is looking for an alternative that can help pay off their debts and have better financial control. Therefore, it is important to compare rates in order to find the best line of credit that meets your expectations. See below the average interest rates at Itaú:
Average monthly interest of 3.98% per month, a total of 59.65% per year. If the user takes out a loan of R$1 thousand through a personal loan and the payment term is 12x, the user will have a debt of R$1,179.84. Note that the customer would pay R$179.84 in interest alone.
Do you accept people with bad credit?
For people who want to take out a loan and have a bad credit history, the bank offers credit with collateral or payroll loans. To apply, the interested party must be a current account holder.
Release time
At Itaú, credit can be released in up to 48 hours. In most cases, the operation does not take long, as it is a process without bureaucracy and is simpler when it comes to approval. For those with credit restrictions, it may take longer, as the institution has to analyze the documents and the profile of the borrower. In these cases, credit can be released within 3 to 5 business days.
Payment methods
To pay off your loan, you can choose the method that best suits your profile. One method is a bank slip or direct debit. To debit your account, you need to have a balance in your account on the date of payment of the full installment. The debit can be made in part or in another account that has the same CPF.
Itaú Personal Loan Conditions
The conditions for paying off a personal loan from Itaú are a 90-day grace period before starting to pay, and the customer can choose to pay it off in one go or in 48 installments. However, it is worth remembering that for paying in installments, the interest rate is 3.98% per month and over 59% per year.
Advantages
Personal credit is one of the most sought-after options, due to the agility of the process. Therefore, those who are going to apply should pay attention to their needs in order to choose the best line of credit to see if it is worth it. See the advantages offered:
- Money is released quickly after credit is approved
- It is more advantageous than going over the overdraft limit
- It is available for people with a bad credit history.
- 90-day grace period to pay the first installment
- Installment due date
- Money in your account in less than 48 hours.
How to apply for an Itaú Personal Loan?
To apply for the loan, the person must be of legal age and must have a current account at Itau Bank. Interested parties can run a simulation by indicating the amount they wish to borrow and the installment amount, fill out a form with all their personal information, and send their documents with a photo. The application is entirely online, through the bank's website or through their mobile phone app. For those who are not current account holders, simply go to the website crédito.itaú.com.br, see the advantages and run your simulation. You can also do it at ATMs or by calling 0800 728 0728.
