Personal credit is a form of loan intended for individuals. In this type of credit, the consumer borrows without having to offer collateral or dispose of a property that is buying. Total Effective Cost rates vary by financial institution and credit analysis.
How to get a personal credit
To get a personal credit you need to contact a fintech, financial or bank. In each type of institution the consumer can find different options related to the form of payment and also to interest rates and Total Effective Cost (Total Effective Cost).
In fintechs, as in the case of LoanCo, it is common for consumers to find better credit options. At LoanCo, this is possible because the company has a lean structure and a personalized credit analysis, allowing rates to be tailored to each customer.
To get a personal credit one has to check the conditions of the company. In many, for example, there are no options for negatives. Also, before making the loan acquisition, it is very important to check the rates and payment terms. Comparing different companies is a power the consumer has gained from the internet.
Is it safe to apply for a personal credit online?
Applying for a personal credit over the internet is as safe as applying for the same at a physical store. However, care always needs to be taken.
As already explained here on the LoanCo blog, the consumer should always be aware of the site information, such as: CNPJ, security certificate, company name, existence of profiles on social networks, comments from other customers on social networks and rating sites, etc.
It is also worth remembering that the early deposit request for credit release is a strong indication of fraud. Always be aware of this! At LoanCo we never request advance deposit.
Types of Personal Loan
When you look for personal credit, you are sure to find results on various types of loans available in the market. Understand below how the most common work:
Unsecured Personal Loans
Non-payroll-deductible personal loans are those offered by companies such as LoanCo and intended for Individuals. It is not necessary to give goods as collateral and the cleitne is responsible for the payment, that is, there is no discount on the sheet.
Payroll loans are generally offered to retirees, civil servants and pensioners. It is possible to get this type of loan as a private company employee, but for this the institution needs to have a partnership with the bank. This credit has as its main feature the discount of the payroll portion.
Personal credit with vehicle or property guarantee
To make this type of loan you need to have in your name a good, which can be a vehicle or property. It then undergoes an evaluation of the secured credit company and the maximum loan amount and rate is determined.
Best personal credit
The best personal credit is one that offers you fair rates and payment terms that fit your pocket. Always research and compare before purchasing a credit. Find out exactly what you are paying for and what the conditions are.