Despite the convenience of online application and the possibility of receiving offers from several of our partners, we realize that many users do not know all the available products and their characteristics and ask themselves: what is the best loan for me?
To help and guide our users to find out the best loan, we have developed the BuyUs Credit Credit Advisor. With it, it is possible to know all the available products and find out which loan is best for each one’s profile.
In the Advisor the user customizes a phrase identifying the desired value, the purpose of the loan, the current form of work and if you own a car and a property taken out on your behalf. With the phrase customized for the user, we identify the most appropriate options and present the main characteristics of each product.
It is possible to know the maximum possible amount, the average loan release time, the payment term, the guarantee to be made available by the user and the interest rate range practiced in each product.
Once you understand which products fit your profile, it is much easier to follow up on the loan application.
Types of Loans
In the market there are basically 3 types of loans with some variations.
The Traditional Personal Loan is the most common, where payment happens through pre-dated checks, tickets or debit into account. Usually the amounts granted are up to R $ 45 thousand and the term for payment is up to 24 months.
Another very common modality is the Payroll Loan . However, it is necessary to be Retired or Pensioner of the INSS, public official or employee of a private company that signed a loan agreement with a financial institution.
For INSS retirees and pensioners, the amounts reach up to R $ 50 thousand, depending on the available margin and the term for payment that arrive up to 72 months. For civil servants the values may be even higher, but will always depend on the available margin and the payment term. Being that nowadays it is possible to contract loans to pay in up to 96 months depending on the agreement.
Modality of secured loan
The secured loan mode is a newer modality and to hire it you need to put a vehicle or a property removed on behalf of the user as collateral. With the vehicle warranty the values can reach up to R $ 100 thousand depending always on the value of the guarantee.
For property guarantees, the amounts can reach a few million reais, provided that the guarantee is sufficient according to criteria established by the financial institution. In terms of payment term, it is possible to pay in up to 60 installments in the case of vehicle warranty and up to 240 installments when the guarantee is for a property.
After knowing all the modalities it is easier to decide which loan is best for each one.
It is important to comment that the approval and conditions of each loan (value, term and interest rate) depend on credit analysis, guarantees and may vary between each financial institution.