Electricity Bill Loan: learn about the modality

If you need credit urgently, have a negative credit history and cannot get it through traditional methods, find out today about Loan on Electricity Bill.

How does the Electricity Bill Loan work?

Among the credit options, the Electricity Bill Loan is a little-known proposal, as it is aimed at customers who require low amounts and easy approval.

In this modality you can get from R$ 500 to R$ 2,500 and divide the installments into up to 18 months, which will be discounted directly from your energy bill.

The great advantage of this service is that the request is quick and you only need to have two energy bills in your name to place the order.

Furthermore, interest rates are reduced, as the proposal is precisely to facilitate access to credit for those facing restrictions in the financial market.

Because payment is associated with an essential service (electricity), this provides greater guarantees to the creditor, since in the event of default, the supply may be interrupted.

Is this type of loan safe?

Although it is a little-known proposal, it is safe, as long as it is requested from a reliable company.

Therefore, don't accept proposals from unknown companies full of incredible promises. Furthermore, don't pay upfront for credit release, as reputable companies don't require this.

How to request a Loan on your Electricity Bill?

Electricity Bill Loans are offered by specific financial institutions, so first of all, it's important to check the availability of the offer.

Once you find an offer, gather the following documents:

ID and CPF;
Work Card;
Proof of income;
Proof of residence issued within 60 days;
2 or more energy bills in your name.

With the documents in hand, apply for the loan directly through the website of the financial institution offering it.

In general, registration is 100% online and the deadline for evaluation and deposit of amounts is up to 48 hours.

The amounts granted and the interest on the contract vary according to each customer's credit profile.

Does this modality accept those with bad credit?

This modality has greater guarantees, since the electricity service is suspended if the applicant fails to pay the loan.

For this reason, having a low score or even having a negative credit rating is not a restrictive factor for the application.

So, if you need credit and can't get it through other methods, this one might suit your profile.

But remember that interest rates vary depending on your credit score, so check the rates before accepting the deal.

How to find the best low-interest loan options?

By now you already know how the Electricity Bill Loan works, so we can talk about proposal selection.

There are currently 3 companies that offer this modality: Agibank, Crefaz and Piki.

See a summary of each proposal:

Crefaz

Values between R$ 400 and R$ 3,300.
Payment in up to 22 installments.
Credit up to 24 hours after approval.

Agibank

Credit amounts according to your last electricity bill.
Payment in up to 12 installments.
Credit within 2 hours after approval.

Piki

Values between R$ 500 and R$ 2,500.
Payment in up to 18 installments.
No deadline for depositing credit.

Compare the proposals to determine which one offers the best conditions for your needs.

Loan for those with bad credit

As we can see, the Electricity Bill Loan is the best credit option for customers with bad credit and difficulty accessing financial products.

For this reason, if you're looking for loans to ease your finances, run a simulation right now on the websites of the companies listed.

If you have at least one energy bill in your name, your chances of approval are higher, so don't waste time and apply for your credit right now.

Loans

Roberta

August 13, 2024