Loans Over R$1,000 to R$4,000: Discover the Best Options Secured by Assets in Brazil
When the need arises for higher amounts of credit, such as above R$10,000, many people face barriers such as high rates and short terms in traditional loans.
However, there is an increasingly accessible and advantageous alternative in the Brazilian market: loan secured by assets, also known as secured credit or home equity.
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This modality offers the possibility of using assets such as vehicles or real estate to guarantee the financial transaction.
This reduces risks for financial institutions and allows the customer to have access to lower interest rates, longer terms and upper limits.
Below, we'll detail how this credit option works, its advantages, necessary precautions, and what you need to know before signing up.
What is a secured loan?
A secured loan works simply: you offer a valuable asset (such as a paid-off car or property) as collateral that you will make payments. If you default, the bank or financial institution can use the asset to pay off the debt.
This means less risk for the institution and more benefits for you, which offers much more competitive rates than traditional personal loans.
Among the main attractions of this type of loan are:
- Lower interest rates: usually vary between 1% and 2% per month, which represents significant savings in the long term.
- Extended deadlines: with the possibility of payment in up to 20 years (240 months), allowing for smaller installments.
- Highest amounts released: some institutions release up to 60% of the value of the asset given as collateral.
Advantages you need to consider
A secured loan is ideal for those who need large amounts of funds for specific projects, such as paying off expensive debts, investing in a business, financing studies, or even renovating or purchasing another property.
The main advantages are:
Reduced interest rates: significantly lower than those charged for conventional loans, which allows for savings in the total cost.
High values: Since you are offering an asset as collateral, banks feel more secure in releasing larger amounts.
Long terms to pay: facilitates financial planning and reduces the impact of installments on the monthly budget.
Possibility of approval even with restrictions: In some institutions, those with a negative credit history can also get approval, precisely because of the lower risk for the bank.
Examples of common institutions and conditions
Although there are differences between banks and financial institutions, the general conditions tend to follow similar patterns.
See what is typically required and offered:
Vehicle warranty:
- The vehicle must be paid off and in the applicant's name.
- They generally accept cars that are up to 10 or 15 years old.
- The released limit may vary between 50% and 70% of the market value of the car.
- Payment terms between 12 and 60 months.
Property guarantee:
- Residential and commercial properties are usually accepted.
- The property must be registered and have no legal issues.
- The amount released can reach up to 60% of the property's market value.
- Terms can reach up to 240 months (20 years), depending on the institution.
What you must have on hand to request
While each bank has its own procedures, in general you will need to present:
- Personal documents (RG, CPF)
- Updated proof of residence
- Documentation of the asset offered (CRV and CRLV in the case of vehicles; registration and deed in the case of real estate)
- Proof of income (to assess payment capacity)
What precautions should I take before hiring?
Before taking out a secured loan, it is essential to consider a few points:
Risk of losing the property: If you are unable to pay the installments, the asset given as collateral may be taken by the bank to pay off the debt.
Detailed fee analysis: In addition to interest, pay attention to the Total Effective Cost (CET), which includes other fees and charges.
Financial planning: Even if the installments fit within your current budget, consider the possibility of future changes that could compromise your payment.
Choosing a reliable institution: Always research the reputation of the bank or financial institution before hiring and prefer to negotiate directly with the companies (do not use intermediaries without references).
When is it worth using a secured loan?
This modality makes sense in situations such as:
- When you have expensive debts (with high interest) and want to replace them with cheaper debt.
- For higher-value personal or professional investments, such as starting a business or paying for important courses.
- For renovations or improvements that add value to the property while maintaining its assets.
Simulate before deciding
Many financial institutions offer online simulatorsThis is an excellent tool for:
- View actual conditions before hiring
- Adjust the installment amount and ideal term for your budget
- Compare proposals from different institutions
It's worth using this feature to ensure you're making the best decision.
Conclusion: Safe loan with good conditions — as long as it is well planned
A loan secured by a vehicle or property can be the ideal solution for those who need values above R$10,000, with lower interest and more time to pay.
But remember: when using a valuable asset as collateral, the commitment must be taken seriously.
Plan well, simulate the conditions, compare offers, and only sign a contract if you're sure you can make the payments.
Used wisely, this type of credit can help you reorganize your finances, invest in new projects, or get out of trouble with much better terms than other types of loans.
Now that you know the main points, prepare your documentation, run simulations, and choose the institution that offers the best conditions for your profile.
