Empréstimo pessoal online

personal loan online

A personal loan is a contract whereby one financial entity (creditor) advances an amount of money to another (borrower), with the obligation to repay the aforementioned advance, as well as the previously agreed interest and any expenses incurred with the aforementioned operation. .

Personal loans are those which are also known as consumer loans. These are offered to citizens, whose objective is to be able to acquire any good or service that may be needed. The personal loan, as we said, advances the capital to the borrower, having the obligation to return said capital to the creditor, as well as the interest generated by the loan granted.

Consumer credit, in general, has a lower value.

This is because they are loans that have a higher risk of default.

Types of personal loans

Among the types of existing personal loans, the following list stands out:

Consumer loan.
Quick loans.
Student loan.
microloan.

Features of personal loans

The main features of a personal loan are as follows:

They are generally not tied to bank guarantees or large guarantees.
They are granted by commercial banking entities.
Your goal is to acquire goods like a car or a computer.
Personal loans are almost always intended for consumption.
The payback period is usually short/medium term.
It is usually linked to opening and cancellation fees.

Where to apply for a personal loan

Personal loans can be applied for at any bank. Regardless of whether you are a customer or not, a person who meets the requirements established by the bank can apply for a personal loan, in addition to presenting the documentation required by the team that will carry out the study.

However, there are many other companies, which we call finance companies, that are dedicated to granting personal loans, offering significantly lower demands than those required by the market.

Reasons to apply for a personal loan

Among the reasons to apply for a personal loan, we can highlight many and very varied.

However, the personal loan application is usually made for the purchase of a vehicle, home renovation, computer purchase, payment of a son's communion, in addition to marriage, payment of daughter's studies, among other reasons.

In short, we are talking about a type of loan that is intended to pay for goods and services at a moderate cost.

Personal credit in good condition TAE (APR) 7% and term from 90 days to 700 days:

loan example
time: 1 year
value: $10,000
TAE (APR) 7%
cost: $10,700