Loan without guarantor: see 5 credit options without collateral

What is a loan with a guarantor?

To understand what it is loan without guarantor, First of all, it is important to find out what a loan with guarantor.

Despite being an old type of credit, it is still possible to find institutions that request a guarantor to grant a loan.

The guarantor is the person who is responsible for paying the loan if the applicant does not fulfill the commitment he made to the bank.

This character has some responsibilities, including being able to respond legally if the original debtor does not pay the debt.

Because of this, it is very difficult to find someone who will agree to be a guarantor, so this type of credit became outdated and institutions began to offer loan without guarantor or with other warranty models.

What is warranty?

In financial transactions, the guarantee is the security of the creditor. With it, the institution has more security in the operation, as it knows that the guarantee will serve as payment if the debtor does not pay the debt.

There are different types of guarantee, for example, property, car, motorcycle, cell phone, proof of income, in addition, interest rates can also serve as guarantee.

In the payroll loan, the guarantee is the automatic discount on the payroll/benefit and the fact that the applicant has a lifetime salary.

How does a loan without a guarantor work?

THE loan without guarantor is one where the company does not request a guarantor, normally, it can be a personal loan, as the bank does not ask for any guarantee.

In some cases, it even eliminates the need for proof of income. unsecured loan It is simple and easy to request.

Furthermore, there is no need to inform what you will do with the money, as soon as it reaches your account you can use it however you wish.

Node loan with guarantor, in turn, the guarantee is the guarantor, who can be a natural person or even a legal entity.

However, this alternative is outdated and it is very difficult to find banks that require a guarantor.

Below, you will learn about some loan options that are easy to apply for, without the need to provide any type of collateral. Check it out!

5 unsecured credit options

Normally, the unsecured credit fits into the model of personal loan. This type of credit is simple to apply for and a great option for those looking for credit without bureaucracy.

We have selected some companies that approve credit without guarantors and without bureaucracy. In some cases, even people with bad credit or low scores can benefit.

1. Super Sim

Super Sim is among the online platforms with the highest approval rating on the market, including for those with bad credit.

It can be requested 100% online, that is, without having to leave home or go through an embarrassing face-to-face assessment.

You can request between R$$500 and R$$2,500 and pay in up to 12 installments. To request yours, you just need to be over 18 years old and prove your income, but you don't need to leave any assets as collateral.

The Super Sim online personal loan is democratic and easy to apply for, however, it has a very high interest rate: ranging from 12.5% per month to 17.5% per month.

The Total Effective Cost, in turn, can reach up to 23,63% per month. I imagine the maximum amount to be requested, it is important to evaluate whether it will really be worth taking out this loan.

In many cases, with a very high interest rate, instead of helping you organize your financial life, it can harm you even more.

The Super Sim loan can be requested at your website. In addition, it offers loans secured by a cell phone.

2. Yes Loans

Yes, it is the Santander Group's digital platform, despite being part of a traditional bank, it stands out for its ease in granting credit.

The platform has different credit models, including loan without guarantor. You can request up to R$1,400,000 to organize your finances.

The amount can be paid in up to 36 installments, with the first installment only being paid after 45 days, leaving you time to organize your finances.

Sim's interest rate is more attractive: starting at 2.83% per month. After signing the contract, the money will be in your account within 24 hours.

In fact, you choose where you want to receive the amount, that is, you don't need to be a Banco Santander account holder.

By choosing to pay your installments via direct debit, you can get up to a 10% discount on interest rates.

To request, run a simulation on the platform. The bank will respond within three business days.

3. Loan without guarantor Good for Credit

Bom Pra Crédito is one of the largest and best credit platforms in Brazil. It offers different loan models, for example:

Payroll loan;
Credit secured by vehicle;
Loan secured by cell phone;
Loan for MEI.

It has over 30 partner financial institutions, making it easier to find an alternative that best meets your needs.

The values for this modality can vary between R$2 thousand and R$10 thousand, but it is possible to obtain a higher amount.

The number of installments can reach up to 26 times in the simulation and if you wish to increase this number, you can contact the institution and request it.

The interest rates applied start at 0.75% per month, the analysis result comes out in a maximum of 5 minutes and, after signing the contract, the money will be in your account in a few hours.

Find out more details about Bom Pra Crédito's unsecured loan and find out how to request yours.

4. Nubank unsecured loan

Nubank is one of the best fintechs today. It has approximately 59.6 million customers in Brazil alone, according to the Nu Holdings LTD.

First of all, it is worth highlighting that the Nubank loan, in addition to not requiring collateral, also includes people with bad credit and low scores.

The amounts are made available gradually, as you take out and pay correctly, your limit to request a loan increases.

Interest rates are personalized and designed for each customer, having a good payment history can help you have a lower percentage.

You choose the first day to pay the installments and can get a grace period of up to 90 days.

In addition, installments can be extended up to 24 months. To request a loan without guarantor At Nubank, you need to be a fintech customer and have a pre-approved limit.

If you are a customer but have not yet been approved for a loan, use your digital account frequently to receive, make payments, transfer money, etc.

Certainly, the fintech will soon provide a credit limit designed with you in mind.

If you are not yet a customer, open your Nubank account now. This digital account has a credit card with no annual fee and offers many advantages.

Read the text and find out if Is the Nubank Credit Card good? Find out if it's worth applying for

5. Noverde

On the Noverde platform, you can get up to R$1,400,000 in up to one business day. The process is simple and fast, ideal for those who need urgent money to organize their finances.

The payment term varies between 3 and 18 months, the interest rate, in turn, varies from 7% per month to 18.9% per month.

Noverde is a banking correspondent and has many partners that approve credit with less bureaucracy.

You can pay your loan in different ways: via Pix, bank slip or credit card.

Get to know the platform and sign up for perform a simulation.

Conclusion

Get loan without guarantor It's easier than you think! So, be sure to check out the options mentioned and evaluate which is the most economical alternative for your pocket!

Don't forget that a very expensive product will hardly help you organize your finances; on the contrary, it will provide superficial relief, but you may find it difficult to pay for it later on.

If you want an alternative with a lower interest rate, but with a simple guarantee, have you heard about loans with a discount on your energy bill?

By: Nara updated ago 8 months back