How to make a loan

For you who want to make a loan and do not know where to start, we will guide you in this vast world of lending. Know beforehand that banks and financiers do not provide loans for charity, but to profit from the very high interest rates they will charge in repayment of the money received. In addition, a very important fact is that the greater the lack of guarantees on the part of those who ask for the loan, the greater the interest. For example, the unsecured and unsecured loan modality in SPC and Serasa has much higher interest rates than loans for people with a minimum income requirement and no registration with credit protection agencies. As the person’s guarantee of payment is greater, the interest does not have to be so high to compensate for the possible default. This is more or less how the dynamics works, remembering that today there are the most diverse types of loans. Loan with check, Loan without proof of income, Loan for self-employed, etc.

Types of loans available in the market

Types of loans available in the market

Let’s take a step-by-step look at what you need to do to apply for a loan:

  1. The first step is to look at your own financial conditions . Do you have a good income? Is the name clear? If so, the type of loan will be of one type. If not, the restricted loan will be different and with more expensive interest. Do you have a bank account? If you own it, you can try a loan at the institution itself. If you are a worker with a formal contract, you can apply for a payroll loan, in which the amount to be paid is discounted in installments on the paycheck itself. The payroll loan is the one that has the lower interest, for the guarantee of payment through the discount in sheet.
  2. The next step is, within your loan profile, do a search for the banks and financials that offer the best terms and the lowest interest rates. Search for at least 4 options and compare the difference between the amount awarded and the final amount you will have to pay.
  3. When choosing the company, read all the clauses of the contract before signing. Be aware that you will pay out monthly to repay the loan and that if it is not repaid, you will incur a debt that is dangerous and difficult to solve.
  4. Pay all installments on time and keep track of expenses until the debt is fully paid off.

In addition to these tips, we recommend that you enter the posted links and read the specific articles about each type of loan and its conditions.

Leave a Reply

Your email address will not be published.