Are you going to apply for a personal loan for the first time and don’t even know where to start? You are not alone. There are some questions that everyone has when entering this universe for the first time.
How do I apply for a personal loan?
First of all, let’s remember that if you want to apply for a loan you must analyze your finances and know your economic situation. You need to know how much you need and how much you can pay per month.
Also, you need to understand what the personal loan is. Basically it is a line of credit in which the borrower need not have a known purpose for the money, as occurs in car, motorcycle, real estate, etc.
Personal credit can be payroll or not payroll, but what is the difference?
The payroll loan is offered to retirees, civil servants and pensioners. It is discounted directly from the borrower’s payroll, and it is possible, in some cases, to get it even with a dirty name.
The unsecured personal loan can be taken by people who can prove income through bank statement and who have a clear name.
How do interest work?
When applying for personal loan you need to think about the rates you will pay. They make up your monthly installments to pay and can have a big difference between one institution and another. On the Moneyhouse Bank website you can consult the average interest rate of each type of credit and according to the financial institution.
It is also worth remembering that when comparing one institution with another it is necessary to simulate the loan using the same user data, amount and number of installments so that the CET (Total Effective Cost) offered can be compared.
At Fundico the CET ranges from 3.09% to 5.64% per month. The annual variation is from 44.89% to 94.97% per year, depending on the customer’s credit analysis and installment option.
How many installments can I pay?
The amount of installments to repay the loan varies by institution and the amount of credit requested. At Fundico there are options of 12, 18 or 24 times, with variation depending on the amount requested.
Can you order it online?
At Fundico the whole process of applying for a personal loan is done online. The customer requests their proposal by filling out eight fields on the site and then receiving a pre-approval or a negative for their order. If it is pre-approved, you will then proceed to step 2 of the process, where you will need to submit your documents and other requested information.
Can I advance the payment of installments?
Yes, it is possible to prepay installments after applying for a personal loan. For this it is necessary to contact the call center of the institution in which you requested the credit and then the new amount will be calculated.
Have more questions about applying for a personal loan? Leave it in the comments!