Ideal Loan

In our country there are several types of Loans, however how to know which type of Credit is best for your profile.

Below we will show you how the 5 main ways to train, learn and see which is best for you, at the end of the article we will leave our contacts in case you need help for your financial organization.

1- Payroll-deductible loan

Also known as payroll loans, this option is a solution that draws a lot of attention as it is very practical to apply for. In this case, the loan amounts will be charged directly to the payroll or retirement of the person who requested it. As there is this security that the payment will be debited from the contracting party's salary or INSS, the release of this credit is usually very simple and quick to be done. In fact, nowadays it is possible to contract payroll loans through bank applications or websites (online). In addition to being practical, this option is also very popular because it has lower interest rates, in addition to longer payment terms.

2- Personal credit

Personal credit is usually offered by financial institutions such as banks. It is a type of loan where the borrower can use it in any way he/she prefers, as well as payroll-deductible loans. To borrow the amount they want (according to the lender's policies), the consumer does not need to provide a guarantee for the repayment of the loan. However, this option is subject to credit analysis for approval.

3- Student or university credit

This type of credit is intended for college students who cannot afford to pay their study fees. Student or university credit can be private, being contracted with banks or companies that specialize in financing. This credit option can also be public, granted by the government through the Student Financing Fund, the FIES. On the program's website you can check all the conditions and requirements in order to apply for it. If you want to go to college but cannot afford it, do a thorough research on the options available on the market and what are their interest conditions and payment term.

4- Housing Credit

Mortgage credit is available for the acquisition, renovation or construction of real estate. This option can also be contracted as financing, that is, the total amount will be paid in installments according to interest rates. Contracting is usually done by a bank. Soon, the consumer has a debt with the financial institution. To apply for a mortgage loan it is necessary to check the conditions and documents required by the bank. It is important to say that one of the advantages of this type of credit is that the FGTS balance can be used as a down payment, which helps to reduce the balance payable, providing better conditions.

5- Car Credit

If you want to buy a vehicle, but need a loan to help you with that goal, you can take out a car loan. As cars, especially new ones, tend to have high values, you can opt for this credit line. If you are thinking of taking out this loan, know that you can opt for either financing or a consortium. However, it is indicated that when choosing this option, the consumer tries to give a down payment and finance the rest of the car's value. That way, the interest is lower and you can pay off the vehicle faster. But remember, in order to take credit in a healthy way that will not harm you in the future, it is necessary to have adequate financial planning.