Get a Fast Loan Even with a Bad Credit History

Whether you're looking to pay off debt, invest in a project, or make a dream come true, finding the ideal loan can seem complicated, especially if you have a bad credit history.

What is your goal?

Pay Debts

Loans up to 30 thousand

Secured Loans

What's the Best Option for You?

When looking for a loan, it's important to understand the different options available to make the best choice.

Each type of loan has its own specific characteristics, benefits, and requirements, and the right choice may vary depending on your financial situation and goals.

Let's explore the main types of loans:

1. Personal Loan

This is the most common and accessible option for those who need quick cash.

THE personal loan generally does not require collateral, which makes it an attractive option for emergencies or for those who do not want to compromise their assets.

Interest rates vary depending on the customer's profile and the payment term, which can be short or medium.

When to opt for a personal loan:

If you need money quickly.
If you don't want to pledge your assets as collateral.
If you want a simple, short-term solution.

2. Loan with Property Guarantee

This type of loan, also called home equity, allows you to use your property as collateral to obtain credit.

Because it's a secured loan, interest rates are usually lower than personal loans, and the repayment term can be much longer, with smaller installments.

Advantages:

Reduced interest rates.
Longer deadlines.
Larger amounts of credit.

When to opt for a home equity loan:

If you need a large amount.
If you have a property and are willing to use it as collateral.
If you want smaller installments and more time to pay.

3. Loan with Vehicle Guarantee

Similar to a home equity loan, but using your car as collateral.

It's an ideal option for those who own a paid-off vehicle and need quick credit with lower interest rates than a personal loan.

Benefits:

Lower interest than personal loans.
Fast credit based on the value of the vehicle.

When choosing this modality:

If you own a paid-off vehicle.
If you want lower interest rates without compromising on a property.

4. Business Loan

If you are an entrepreneur or want to open your own business, business loan might be a good choice.

With this type of credit, you can finance everything from working capital to purchasing equipment and expanding your business.

There are several business credit options, from specific lines for small businesses to large companies.

Advantages:

Larger amounts to finance your business.
Specific credit lines for different business needs.
Possibility of grace period before starting payment.

When to consider:

If you need capital to expand or start a business.
If you want to invest in new equipment or infrastructure.

5. Payroll Loan

THE payroll loan It is a modality with lower interest rates, as the installments are discounted directly from the payroll or INSS benefit.

It is ideal for civil servants, retirees and pensioners, who have a guaranteed fixed income.

Benefits:

Lower interest due to payment guarantee.
Fixed and automatically discounted installments.

When opting for a payroll loan:

If you are a public servant, retiree or pensioner.
If you prefer greater control over payments, as they are discounted automatically.

6. Loan with Consortium Guarantee

A modality that has been gaining popularity is loan with consortium guarantee.

In this case, the acquired consortium serves as a guarantee for the credit, with generally low interest rates and extended terms.

Advantages:

Competitive interest rates.
Possibility of pre-approved credit for consortium members.

When to consider:

If you already have a consortium or are thinking about acquiring one.
If you are looking for competitive rates with more flexible guarantees.

What to Consider Before Choosing a Loan

Now that you know the main types of loans, it's important to consider a few factors before making your decision:

Interest and Total Effective Cost (CET): Analyze the interest rates and the total cost of the loan. The APR includes all charges and fees associated with the loan, such as insurance and administrative fees.

Payment Term: Consider how long you have to repay the loan. Longer terms may have smaller installments, but result in a higher total cost due to interest.

Need for Guarantees: Loans secured by collateral, such as property or a vehicle, typically have lower interest rates, but you'll be pledging a significant asset. Consider whether this is a viable option for your situation.

Loan Purpose: Clearly define what you need the money for. If it's to pay off debts, for example, it's worth comparing the interest on the loan with the interest on your outstanding debts.

Your Credit History: If you have a negative credit history, your options may be more limited, but there are still alternatives on the market. Make sure you choose one that fits your profile and offers fair conditions.