Uncategorized

Get to know about personal loan

Borrowing a loan is often one of the only ways to pay off debt or to realize a dream of spending. In the national financial market, there are several credit modalities available. One of the best known is the personal loan, which makes it possible to use the money in any way you want, as opposed to financing and consortia.

Created in 1808, when D. João VI landed in Bahia de Todos os Santos, Banco do Brasil is the first banking institution in the country. The bank currently has more than 5,400 branches and is present in 21 countries. In addition to being present throughout the national territory, BB has all the financial services, such as personal loans.

How does the loan work in Brazil?

control-installments-loan

Only those who are an account holder or have an active account with Banco do Brasil are authorized to make the loan. After the credit is approved, the money is available in the client’s account.

 

Payroll loan

Payroll loan

The payroll loan usually has one of the best interest rates in the entire market. On the Banco do Brasil website there is no information on the fees charged in this type of credit. However, according to data from the Central Bank, the amount of the paycheck-deductible loan at BB was, until November 14, 2018, 2.21% per month (am) and 30.03% per year (aa) for employees of private companies . For INSS retirees and pensioners , interest was 1.95% am and 26.07% per year. Civil servants have an even lower rate of 1.72% and 22.75% pa. Next, see the conditions:

  • Aimed at those who receive salary and have an active checking account with Banco do Brasil
  • Clients who have a credit limit available, people who receive salary or benefit from companies that have an agreement with BB and have available assignable margin ;
  • Payment in up to 96 months;
  • The amount is taken into account at the time of approval;
  • 180 days to pay the first installment.

Loan with vehicle guarantee

Loan with vehicle guarantee

 

In this type of credit, the customer who is a bank of Banco does Brasil may leave his vehicle as collateral for the payment of the loan. If the loan is not paid, the bank gets the customer’s car.

With the assurance of a good, the bank may charge a lower interest rate, which makes this type of loan be lower than others. Check the interest rate with your manager before closing deal.

  • The applicant must have a vehicle cleared for this loan;
  • The vehicle can have up to ten years of manufacturing;
  • Have a checking account with Banco do Brasil.

Loan with property guarantee

Loan with property guarantee

 

In this type of credit, the customer who is a bank of Banco do Brasil may leave his property as collateral for payment of the loan. If the loan is not paid, the bank takes the home or the client’s apartment.

With the assurance of a good, the bank may charge a lower interest rate, which makes this type of loan be lower than others. Check the interest rate with your manager before closing deal.

  • Loan equivalent to up to 60% of the value of the property removed;
  • Payment in up to 15 years;
  • The property must be own, removed, located in urban area and can not be under construction or structural reform.

Is it worth making a loan

 

Banco do Brasil has all types of personal loans. However, it restricts its products to those who are already a BB customer

On the website of the financial institution there is information about the fees charged on the loan. All data referring to interest were collected from the website of the Central Bank of Brazil.

If you are a BB customer, check the rates available for your profile with your manager. Even so, it is recommended to look into which mode you fit and compare interest rates with those of other financial institutions. So you have the guarantee of being able to choose the cheapest one. It is also worth checking the tool of IQ Loans , which helps you to find the best credit option according to your profile and need.

 

Leave a Reply

Your email address will not be published. Required fields are marked *

Back To Top