Your Credit Is Here: Discover the Best Loan Type for Your Situation
Having trouble keeping up with your bills? You are not alone.
Choose your LOAN option
Millions of Brazilians face the same situation. But what many still don't know is that there are real solutions—and more accessible than they seem—to reorganize your financial life without falling into traps.
Whether it's to pay off debts, make a dream come true, resolve an emergency or put a project into practice, The right loan could be the boost you need right now..
And the best part: it's possible to get credit even if you have a negative credit rating or are self-employed.
In this guide, you'll understand how the main types of loans work in Brazil, what to consider before taking one out, and which option might be most beneficial for you.
Read carefully—your next decision could change your financial life for the better.
Why are Brazilians resorting to loans so much?
Brazil is experiencing a scenario of economic instability, high inflation and difficulties in accessing traditional credit.
Therefore, the number of people seeking faster, more flexible and accessible financing alternatives is growing.
In 2024, the volume of personal credit soared, especially among those with bad credit, self-employed individuals and micro-entrepreneurs.
This shows that, more than a luxury, the loan has become a tool for financial reorganization — when used with planning.
Furthermore, the digital transformation in the banking sector has made the process much easier: today it is possible to simulate, contract and receive your credit without leaving home.
The main types of loans available today
Before hiring any modality, it is essential to understand the differences between the most common types of credit on the market. Below is a simple and straightforward summary:
1. Personal Loan
- Ideal for: Anyone who needs money quickly and without bureaucracy.
- How it works: The amount is deposited directly into the account, and the installments are fixed.
- Advantages: Simple to hire, online, no guarantee.
- Careful: Interest rates tend to be higher compared to other types.
2. Loan with Security (Vehicle or Property)
- Ideal for: Those looking for higher values and lower interest rates.
- How it works: You offer a good as security for payment.
- Advantages: Lower interest rates and easier approval.
- Careful: You must keep your payments up to date to avoid losing the property.
3. Loan for those with bad credit
- Ideal for: Anyone with a bad credit history who wants to pay off debts or reorganize their life.
- How it works: Some companies offer credit even with CPF restrictions.
- Advantages: It may be the only way to get back in control.
- Careful: Carefully analyze the interest rates and avoid loans from loan sharks or dubious sources.
4. Advance payment of FGTS or 13th salary
- Ideal for: Anyone who has available funds and needs an immediate advance.
- How it works: You receive in advance an amount to which you are already entitled.
- Advantages: Very low interest, since the bank has a guarantee.
- Careful: It may compromise your future income.
5. Loan via Energy Bill or Cell Phone
- Ideal for: Those who don't have a bank account or want convenience.
- How it works: The installments are charged directly to your electricity or cell phone bill.
- Advantages: Easy approval and automatic payment.
- Careful: Check the impact on your monthly bill.
What you should consider before taking out a loan
Many people get excited about how easy it is to get credit and end up getting into even deeper debt. Therefore, before applying for credit, stop and evaluate some fundamental points:
- How much is really needed? Avoid hiring more than you need.
- Are you able to pay the installments comfortably? Do a simulation.
- What is the total interest rate (CET)? Don’t be fooled by “small installments.”
- Do you have a bad credit rating? Are you self-employed? This may impact approval.
- Is the company trustworthy? Research, read reviews, avoid miracle promises.
Credit is becoming increasingly accessible — and that changes everything
Nowadays, it is no longer necessary to go to a traditional bank, face queues or wait days for a responseOnline platforms, fintechs, and digital banks are making access to credit much easier.
In many cases, credit analysis is done in minutes, and the amount is deposited into the account on the same day.
Some companies offer loans to people with bad credit and self-employed individuals, with online 100% approval, without consulting the SPC/Serasa and with payment via Pix.
This expands the range of possibilities for those who need an urgent solution, but without sacrificing security.
The biggest mistakes when taking out a loan
It's easy to fall into traps when you're in a hurry or in debt. So, avoid:
- Accept the first offer without comparing with others.
- Signing a contract without reading the clauses, mainly on interest and fines.
- Trusting proposals from strangers on WhatsApp or social media.
- Failing to calculate the impact of installments on your budget.
Remember: the right loan helps — the wrong one can sink you even deeper.
When a loan can transform your life
Many people believe that taking out a loan is a sign of failure. But the truth is, when used well, credit can be the key to turning the game around.
Real examples of strategic use:
- Pay off expensive debts and have a single, smaller payment.
- Invest in a course or work tool.
- Make an important dream come true without compromising your entire budget.
- Avoid bad credit and protect your financial reputation.
The key is in awareness: you need to master the loan, not the other way around.
Conclusion: Your money needs to work for you — and credit can be the start
Now that you understand the main types of loans available in Brazil, it's time to reflect: Which one best suits your current reality?
Whatever your answer, the important thing is to take the first step with awareness, planning, and clarity. Research, compare, simulate, and choose confidently.
The right credit exists — and it can be the beginning of a new chapter in your financial life.
