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In this article, we will explore loan options, highlighting its characteristics, advantages and ideal moments of use, all to guide you in choosing the financial solution that best aligns with your needs.
Personal loan
Personal loans have become a popular choice among Brazilians due to their simplicity and flexibility. With them, applicants have the freedom to use the borrowed amount as they wish, without having to specify the reason, whether it be to meet emergencies or carry out personal projects.
However, the convenience of personal loans also carries with it often higher interest rates, reflecting the risk assumed by institutions when making amounts available without specific guarantees.
During the process, the applicant's credit analysis is vital. After approval, the amount is quickly deposited into the beneficiary's account, making this option a practical solution for those who need agility.
Consigned credit
On the other hand, the difference with a payroll loan is the payment.
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In general, the value of the installments is deducted directly from your payroll or benefit.
This feature offers security to the bank and allows for a reduction in interest rates, in addition to longer payment terms.
Therefore, the loan can compromise up to 30% of the value of your salary and the application process is also very easy.
For example, some companies offer the possibility for customers to obtain a loan through the app and in just a few minutes.
Housing loan
Among the types of loans, it is also important to talk about housing credit.
Consumers who prefer this type of alternative aim to build, renovate or purchase a home.
Therefore, a large proportion of consumers who request it are individuals, benefiting from special conditions.
These conditions are reflected through low interest rates for the poorest sections of the population.
For this reason, it is a very good loan.
Student or university loan
Additionally, there are options for university students, which would be student loans.
To give you an idea, FIES works like a university loan, in which the client finances part or all of the tuition fees for private undergraduate courses.
And in addition to FIES, there are other options offered by banks.
In this sense, if you are facing major problems paying for college, this credit is good for you.
Consolidated credit
As a last alternative type of loan, it is worth talking about consolidated credit.
Let's suppose you have debts with a certain company and would like to pay them, but you don't have the money in cash.
These debts are from credit cards, overdrafts and other types of loans.
Through this method, you combine your debts to pay everything at once and enjoy better conditions.
Conclusion
If any of the types of loans have caught your attention because of their advantages, research them further.
This way, you can decide whether the alternative is good for you or not.
Also, know that there are other types like property financing.
