Loan - Download the app and find out which modality is best for you

With the debts at the end and beginning of the year, some families ask for a loan not to accrue interest on your accounts. Thus, they avoid having to spend even more money to cover different interest rates with each debt, and centralize everything in granting credit.

Therefore, they are very useful for those who are going through a crisis situation and need to control the family budget. However, it is important to understand how each of the modalities works so as not to negatively impact your personal finances. 

With that in mind, we have separated in this article some information about loan and its different modalities in the market. This way, you can better assess which one is ideal for your situation. Check it out below: 

After all, is it good or bad to ask for a loan?

Many people consider that carrying out a loan It's a problematic attitude. However, it all depends on how the process is done as well as how the person plans and dedicates himself to understanding the whole process. 

In this way, all circumstances need to be analyzed correctly before considering whether or not the credit application is a necessary and appropriate action for the moment. Since, in some cases, the search for credit can help significantly.

O loan it can, for example, help to overcome a financial emergency or else, help to settle a debt that the applicant is not able to pay immediately. Anyway, regardless of the case, the risks and benefits need to be compared.  

Personal loan with or without collateral? Which one to choose?

O loan personal can also carry the personal credit name. This is one of the simplest modalities on the market, and can be requested at different financial institutions, which causes their deadlines, fees and rules to vary. 

In general, the money can be used for any purpose, and is released after simulations and credit analysis. However, this modality does not have one of the best interest rates, but what can help to reduce them is the guarantee. 

In this way, the loan personal with guarantee is when the applicant offers some good as guarantee. That is, it can be a car, motorcycle or property. As the financial institution recognizes that it has a lower risk of default, the rates are lower. 

Is applying for a payroll loan worth it?

O loan Consignment is a modality where the payment of your agreement occurs directly on the applicant's payroll or benefit. Being a beneficiary of the INSS, public official or employee of an accredited company. 

This is a low-risk loan concession, as payment is guaranteed. Because of this, interest rates are one of the lowest on the market. However, it follows the following conditions: 

O loan cannot exceed 30% of the salary, and he needs an express authorization from the payroll deduction to be released. An important point is that installments are not always anticipated, so the deadline needs attention.

What is a revolving loan and why does it demand attention?

O loan rotary is linked to the credit card. As? Simple. As soon as the person fails to pay the total amount of his invoice, that is, he chooses to pay the minimum amount, there is automatic adherence to this type of credit. It works like this:

• The card granting company assesses the customer's financial condition and ability to pay the limit;
• Revolving credit is limited to one use per month;
• If full payment of the subsequent invoice is not made, the company may offer a new line of credit. Therefore, it can be paid in installments and needs to have more advantageous conditions;

Due to the high interest rates, there are some points about the loan rotary that need a lot of attention. Like, for example, knowing exactly the interest rates charged, as well as whether the amount of the installments adheres to your financial situation. 

Therefore, if the due date of your credit card bill is close and you do not have the full amount, do not despair. There are still other paths that can give you more financial security. 

Therefore, always bear in mind that the loan revolving works as an emergency credit. That is, it is requested only as a last resort. A good tip is to contact your card company, so that all alternatives are evaluated.

Download the “Loan Calculator” app and have more control over your financial life 

With the “Loan Calculator” application, it is much easier to carry out loan simulations loan personal finance, vehicle financing or property financing, for example. To see more app options, visit our page Apps! 

For to go down It's quite simple. First, connect to a Wi-Fi internet network. Second, go to your app store which can be the App Store or the Play Store depending on the device manufacturer. Locate the search bar and type the name of the app. 

Once the results appear, verify all the information and click on “Install”. The download may take a few minutes, but as soon as the icon appears on your main screen, you can access it and start your simulations.