THE loan with debit in account It is an advantageous proposition for customers who have difficulty remembering the expiration date of their contracts.
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This is because, as the name suggests, this type of loan is deducted directly from the current account. But how does this modality work in practice? What are the advantages of the proposal?
In the following content we will answer the main questions about the topic, so if you want to know more about this credit option, continue reading!
What is a direct debit loan?
Only those who have forgotten the due date of a loan know how quickly interest works in these cases.
Just a few days of delay is enough for the installment to be increased by 10, 20 or even 50% in interest.
So, forgetful customers or those who have a lot of contracts to manage end up having problems with this, and sometimes the loss occurs due to lack of attention.
In these cases, a loan with direct debit ends up being the perfect solution, since the chances of forgetting are much lower.
A direct debit loan is nothing more than a type of credit in which the installments are deducted directly from the account, on the stipulated due date.
This means that the customer does not need to worry about payment, simply keeping the amount in their account to pay the installment on the due date.
What are the advantages of a loan with direct debit?
As we saw previously, a loan with direct debit is nothing more than a method that offers ease and practicality of payment.
So, in practice, any loan can fall into this category, as long as the lending bank offers the possibility of paying off the installments by direct debit.
But do you know all the advantages of this proposal? Not yet? Then, see below:
1. Avoid late fees
Late payment interest can be a real problem for anyone applying for a loan, regardless of the type.
This is because, as if the interest for the term of the contract were not enough, the interest for late payment is calculated per day, and sometimes the rates are quite high.
The good news is that when you take out a direct debit loan, you won't have to worry about this, as the chances of forgetting to pay are greatly reduced.
This way, you just need to keep the amount in the account, and on the right date the installment will be paid, free of interest for late payment.
2. Forget about bills and compensation time
If you are one of those people who feel the chills just by looking at a bill, you are likely to face some difficulties in organizing this type of account.
Therefore, when you take out a loan with a direct debit, you won't have to go through annoying situations like:
- “Time limit: your payment will be scheduled for the next business day”;
- “Incorrect code, ask the issuer for another bill”;
- “Expired bill: go to the cashier to make the payment”.
Furthermore, waiting for a bill to clear is quite inconvenient, as until then, the installment remains outstanding.
So, one of the advantages of a direct debit loan is that you don’t face any of these headaches.
3. Manage your contract through the account
Having to go to the bank or even call the call center to get information about your contract is not at all practical.
However, with a loan with debit from your account you avoid these difficulties, as all the information can be found in the account app.
Need proof of payment? Just check your statement. Want to know how many installments you still have outstanding? Check the contract tab.
Forget the annoying situation of having to beg for information. With this type of contract, you can access and control everything easily and independently.
Read also: What are the consequences of applying for a high-interest loan? (consultacred.com.br).
Is it worth taking out a direct debit loan?
Now that you know all the advantages of a loan with direct debit, it is clear that this option offers more convenience to customers.
But we still need to answer: after all, is it worth taking out this type of loan?
If you are looking for a contract that is easy to review and manage, and you want to avoid problems with late payments, this is certainly a good option.
However, we must remember that the real secret to a safe and smart loan application lies in evaluating the rates.
Therefore, check the proposal carefully from a financial point of view, in order to assess whether the loan is really advantageous.
With this clearly defined, the payment method will certainly be a positive addition to the proposal.
How to find this type of proposal?
It is not that difficult to find loan proposals with direct debit on the market, since this payment method is quite common.
However, to do this, it is important that you prioritize requesting a loan from a bank that offers the possibility of opening a current account.
This is because many financial institutions in the lending sector do not offer current accounts, so debiting your account becomes more difficult.
Therefore, prioritize requesting a loan from a bank that you already have a relationship with, and it will certainly be easier to find this proposal.
In any case, getting a loan with a direct debit will offer you much more convenience, so consider this option!
This may interest you: Card control spreadsheet: what it is for, its importance and how to make one (consultacred.com.br).
