Online loans: the best apps

Have you ever thought about taking out an online loan in a completely hassle-free, bureaucracy-free way?

It's not just the credit card market that has innovated, but also the way cash advances are offered and arranged.

Today everything can be done quickly, safely and without leaving home.

Did you enjoy this topic? Then keep reading and learn all about how online loan apps work.

1 – Social Bank: online loan without bureaucracy

Social Bank is a digital checking account that allows users to borrow and lend money to each other.

In effect, this allows the clients involved to lend money in exchange for interest, and to apply for a loan with lower interest rates.

It is possible through the application to request a loan of up to R$10,000.00 with interest of 2% per month.

However, it's important to note that Social Bank is not a financial institution, but rather a startup authorized by the Central Bank. Therefore, it is not protected by the Credit Guarantee Fund.

However, it is a good option for those who need little money with short-term payment.

2 – Loan Yes

Another important app for getting a loan online without bureaucracy is Empréstimo Sim. In just two minutes, you can run a simulation and access the best benefits for your profile.

The difference is that it offers other options to facilitate the client's financial health, such as:

• Unsecured loan;
• Loan with collateral;
• Payment of bill in installments.

In other words, if you are in debt, you can also pay your bills in installments through the app.

Your credit will be approved within 3 business days and the interest rate varies between 1.89% and 12.4% per month.

3 – In the green: online loan

Through this application you will be able to take out loans of up to R$1,000.00 in a completely digital way.

Simply download it, register, and run a simulation. The approved amount will be released into the customer's account within 24 hours.

An important point to consider is that by paying your online loan installments on time, you can increase your credit limit for future loans.

The interest rate for No verde varies between 7.9% and 15.% per month.

4 – Nubank: instant personal loan

Nubank, in addition to offering one of the best credit cards, also offers the option to take out personal loans via your cell phone, without any bureaucracy and in a completely secure manner.

To sign up, you need to open a digital account through the app, within Nuconta.

Customers whose credit analysis has been approved will automatically have this option with a pre-approved amount.

The next step is to run the simulation and sign up. Payment can begin within 90 days.

The interest rate of Nubank will be given at the time of the simulation according to the profile of each client.

Beware of the loan scam

It's crucial to emphasize that no legal institution will ask for advance payment or any other form of payment in order to release the funds. This is a crime; if this happens to you, report it as soon as possible.

Also check out the article on how to apply for a credit card for those with bad credit by clicking here.