Did you know that it is possible to find personal loans with lower interest rates, and the good news is that big banks offer these advantageous conditions.
Many people don't realize that, with the right choice, it's possible to pay less on loans and save considerably over time.
In this post, we'll reveal the secret to getting the best loan, highlighting banks like Bank of Brazil, Federal Savings Bank, Banrisul, BTG Pactual, Neon and C6 Bank, and how you can take advantage of the best deals.
How to Find the Best Loan with the Lowest Interest Rates?
Before we present the best options, it is important to understand how interest rates work.
Rates may vary depending on the type of credit and the customer's profile. To get the lowest rates, consider the following factors:
- Research credit options: Comparing different offers is essential to find the best rate.
- Maintain a good credit history: Having a clean record and avoiding outstanding debts can help ensure more advantageous conditions.
- Consider the type of loan: Payroll loans (where installments are deducted directly from your income) generally have lower rates.
- Take advantage of promotions and special conditions: Many banks offer reduced rates for new customers or those with open checking accounts.
Explore these credit options:
Top Banks with the Lowest Interest Rates in 2024
Below, we'll detail the lowest-interest loan options offered by some of the largest banks and fintechs in 2024.
Each institution offers different modalities, terms, and interest rates, so it's important to analyze each one.
1. Bank of Brazil
THE Bank of Brazil offers personal loans with rates starting from 1,99% per month, with payment terms of up to 60 months. The bank is an excellent choice for those looking for a loan with affordable rates, especially for customers with salary accounts.
- Interest rate: From 1,99% per month
- Payment Term: Up to 60 months
- CET: 19.7% per year
- Emphasis: Special conditions for customers with salary accounts and other bank products.
2. Federal Savings Bank
THE Federal Savings Bank is an excellent option for payroll loans, with interest rates starting from 1,70% per month. In addition, it offers payment terms of up to 72 months, being one of the institutions with the best conditions for retirees, pensioners and public servants.
- Interest rate: From 1,70% per month (for consignments)
- Payment Term: Up to 72 months
- CET: 15.3% per year
- Emphasis: Lower interest rates for retirees and public servants.
3. Banrisul
THE Banrisul offers personal loans with rates starting from 2,59% per month, and is a good option for those who live in Rio Grande do Sul, since the institution primarily serves this region. The payment term can be up to 48 months.
- Interest rate: From 2,59% per month
- Payment Term: Up to 48 months
- CET: 22.3% per year
- Emphasis: Fast approval for customers in the South of Brazil.
4. BTG Pactual
THE BTG Pactual offers personal loans with rates starting from 2,49% per monthThis bank stands out for its ease of online request and simplified credit analysis. In addition, the bank offers flexible deadlines, being a good option for those looking for agility in hiring.
- Interest rate: From 2,49% per month
- Payment Term: Up to 60 months
- CET: 20.4% per year
- Emphasis: Online 100% process, ideal for those looking for practicality.
5. Neon
THE Neon, digital bank, offers personal loans with rates starting from 2,99% per month. With the online application 100%, the process is agile and straightforward. Neon has stood out for its convenience and agility in credit approval.
- Interest rate: From 2,99% per month
- Payment Term: Up to 24 months
- CET: 24.5% per year
- Emphasis: Quick solutions and digital 100%.
6. C6 Bank
THE C6 Bank offers personal loans with rates starting from 2,99% per month. The hiring process is completely digital, which provides speed and transparency under the credit conditions.
- Interest rate: From 2,99% per month
- Payment Term: Up to 48 months
- CET: 23.0% per year
- Emphasis: Clear and fully digital conditions.
Comparison Table: Best Loans with Lowest Interest Rates
To make your decision easier, we have created a comparison table with the best offers personal loans with the minors interest rates of the main banks:
| Bank | Loan Type | Interest rate | Payment Term | CET | Emphasis |
|---|---|---|---|---|---|
| Bank of Brazil | Personal Loan | From 1,99% per month | Up to 60 months | 19.7% per year | Special conditions for salary account |
| Savings Bank | Payroll Loan | From 1,70% per month | Up to 72 months | 15.3% per year | Better conditions for retirees and civil servants |
| Banrisul | Personal Loan | From 2,59% per month | Up to 48 months | 22.3% per year | Fast approval in the South region |
| BTG Pactual | Personal Loan | From 2,49% per month | Up to 60 months | 20.4% per year | 100% online digital solution |
| Neon | Personal Loan | From 2,99% per month | Up to 24 months | 24.5% per year | Online and agile 100% credit |
| C6 Bank | Personal Loan | From 2,99% per month | Up to 48 months | 23.0% per year | Clear and digital conditions |
How to Take Advantage of Lower Interest Rates
- Run Simulations: Before deciding, run simulations on the banks' websites to check the specific conditions for your profile.
- Consider Payday Loans: If you are retired, a pensioner or a public servant, consider payroll loans, which generally have lower rates.
- Negotiate: If you are already a bank customer, try to negotiate an even better rate with the institution.
Important Tips for Getting the Best Loan
- Compare the CET: The Total Effective Cost (CET) is the total amount you'll pay for the loan, including fees and other costs. Compare this amount across banks to make the best decision.
- Check the Ease of Hiring: If you are looking for agility, choose banks with fast digital processes, such as BTG Pactual, Neon and C6 Bank.
Conclusion
Find the best loan with the lowest interest rates in 2024 it is possible to choose institutions such as Bank of Brazil, Federal Savings Bank, Banrisul, BTG Pactual, Neon and C6 Bank.
With the information above, you can compare the best options and choose the one that best fits your financial profile.
