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Want to find out which banks offer loans secured by cell phones? Read on!
The number of people seeking some form of credit to organize their finances and resolve emergencies has grown significantly in the last two years.
Therefore, financial institutions have had to reinvent themselves to meet this demand. Among their initiatives is to streamline these services.
Furthermore, they created new types of credit, which make it possible to serve a greater number of consumers, but at the same time, provide greater security for the institution.
An example of this modality is secured credit.
Today, we'll talk about cell phone-secured loans. A simple, straightforward option that caters to a wider audience.
Continue reading and find out how it works and which bank offers loans secured by a cell phone.
How does this type of credit work?
A loan secured by a cell phone is a type of credit that allows consumers to obtain a loan using their cell phone as collateral.
This type of loan is especially useful when you need money quickly and don't want to part with your device.
Secured loans are known for their convenience and advantages. For example, because the institution offers greater security during the transaction, it can offer lower interest rates.
Furthermore, many institutions approve those with bad credit and offer better payment conditions.
When opting for a loan secured by cell phone, you need to put your device as collateral for payment to the creditor.
However, you continue using the device normally, which is what we call fiduciary alienation in the financial market.
The loan amount will be determined based on the market value of your cell phone.
Generally, you can get a loan of up to 50% to 70% of the value of the device.
If the customer fails to fulfill their obligations, i.e., fails to pay the loan installments, the device is blocked, making it impossible to use except for emergency calls.
Which bank offers loans secured by a cell phone?
Although it is still new to the financial market, there are many secure institutions that offer this loan model.
In this topic, you will find some options and also discover how it works, prices and how to apply.
Don't miss it!
1. SuperSim
SuperSim is an online lending platform known for its simplicity and easy credit approval.
However, we would like to highlight two disadvantages before we proceed: high interest rates and low values.
For example, with cell phone secured credit, you can request up to R$1,500.00 and pay in up to 12 installments.
The interest rate varies between 12.5% per month to 19.9% per month.
Among the features presented by SuperSim for this type of credit, we find, for example:
- Hiring 100% online;
- After approval, the money will be deposited into your account within half an hour;
- It is necessary to present proof of income;
- Accepts those with negative credit ratings;
- Have a cell phone with Android operating system.
The request is very simple and must be made through the SuperSim website. Therefore, access and do a simulation.
2. Which bank offers loans secured by a cell phone? Good for Credit
On the digital platform you can also find this type of credit, one difference is that on the platform the chances of approval are higher.
This is because Bom Pra Crédito has more than 30 partners, so when simulating, it is easier to find a financial institution that meets your needs.
Another advantage is that you can access different proposals and choose the one that best suits you.
The amounts, terms, interest rates and payment conditions may vary depending on each institution.
To have a personalized proposal, it is important to carry out your simulation on the Bom Pra Crédito website.
3. Juvo Credit
If you got here by searching Which bank offers loans secured by a cell phone?, Juvo Crédito can be a perfect alternative.
First, it is important to emphasize that it is difficult to find more traditional banks that offer this type of loan.
One of the reasons is that the values are low, something that is not interesting for a very large company.
At Juvo Crédito, you can easily take out a personal loan using your cell phone as collateral.
The requested amount can reach up to R$1,500.00 and can be used freely.
With this option, there is no need to prove income, it accepts those with bad credit and, if the transaction is approved, the money is deposited into the account within 24 hours.
Customers who pay their installments in advance can participate in draws for up to R$1,000.00.
The requested amount can be paid in up to 12 installments. To request this credit from Juvo, you must:
- Be over 18 years old;
- Bank account at any bank (current or savings);
- Valid CPF;
- E-mail;
- Cell phone to offer as collateral.
Although still little known in the credit market, Juvo is reliable and has companies such as:
- MasterCard;
- Samsung;
- Nokia;
- Ericsson.
Juvo has more attractive interest rates, if we consider some of the examples mentioned in this text, such as SuperSim.
So, be sure to perform a simulation to have a personalized offer.
4. Which bank offers loans secured by cell phones: Finanzero
Finzero does not inform the maximum loan amount, but it is possible to simulate amounts above R$40 thousand.
Of course, approval will depend on your financial profile and cell phone model, so consider these factors when applying for credit.
On this online platform, which acts as a banking correspondent, you'll find more than 40 partner financial institutions.
This way, you will have a better chance of approval, since the simulation will be carried out in several different companies.
Payment conditions, interest rates and other credit features may vary depending on the institution.
Therefore, it is very important to evaluate and compare each proposal to choose the best alternative for your budget.
Among the portal's partners, we find, for example:
- Jeito;
- Digio;
- Provu;
- Cetelem;
- Simplic;
- CrediHome;
- Sofisa Direct;
- Alpha;
- Zema Financial.
Visit the Finanzero website and run a simulation.
Conclusion
In this text, you discovered which bank offers loans secured by a cell phone.
Although he did not find the names of any banks, he did find secure banking correspondents through which banks and other financial institutions sell this credit.
The advantages of hiring through these portals are many, the main one being having the opportunity to choose from several proposals the one that suits you best.
So, don't waste any more time and do a simulation today!
