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The pandemic has shown us how important and missed hugs and physical contact are.
But, we also realized that we were not financially prepared for it.
Thus, a clear sign of this was the large delays in basic day-to-day bills: water, electricity, telephone, internet and gas, causing an increase in the number of defaulters.
There were also delays in credit card and loan bills.
So today we are going to talk about the most common questions about how extend loan, in particular, from Banco Bradesco.
However, if you are a customer of another institution, always continue to follow us, as we will keep you informed about other banks.
What is a loan extension?
A loan extension or debt extension is nothing more than an extension to pay off the amount of your loan.
Can I request an extension even if I have outstanding installments?
Yes. But the installment cannot be more than 59 days late.
How many days can I get an extension for?
It is only possible extend loan within 120 days.
In other words, you will have 4 full months to organize your financial life and start paying off your debt again.
Will I pay the next installments with higher interest?
For installments that are paid on time, there will be no increase in interest rates.
In this sense, there will be the same charges described in the original contract.
Based on the extension time, there will be a new calculation of the installments that will be shown to the customer before finalizing the process.
Therefore, interest will be in accordance with the extension period.
How can I extend loan Bradesco?
It only works for the extend loan via the Bradesco App. If you are already a customer, you probably already have the app.
Access the field Check out the credit solution for you here > extend the installments of your loans and financing or Do you want to extend your installments? and start the application process.
During it, you will set the deadline and finalize the request.
Shortly thereafter, within 1 hour you will receive a response from the bank informing you whether your request was accepted or not.
Once the application is accepted, you must confirm. To do this, access the App again and Go to:
Loans/consigned loans > Confirm our suggestions for organizing your debts here > Release the extension.
Therefore, read the new conditions and confirm if you agree.
On the other hand, if you are a legal entity, the process is a little different.
Therefore, the customer can request the extension via cell phone, computer via Net Empresa or the Net Empresa App.
It is worth mentioning that for extend loan A new credit analysis is required. This occurs at the time when the application is expected to be confirmed, as mentioned before.
Finally, plan ahead and if you realize that you won't be able to pay your loan installments on time, access the Bradesco App to request an extension before the deadline.
You will have a new chance to organize yourself and not get into financial trouble. Also learn how renegotiate your contract at Santander.
