Personal Loan Rates for Getting Cash

The personal loan without a doubt is in the lives of most Brazilians. Whether you want it or not, it’s difficult not to compromise. The only way for you not to use the resources provided through a loan is to take the extra money earned from work such as: vacation, thirteenth or bonus in company profits (some employers share with their employees) or save money saving over time to buy at sight, otherwise surely making a loan is the most appropriate solution.

In Brazil, getting cash resources or financing consumer goods is getting more and more accessible, buying a car, getting a real estate financing, renovating, building, changing the furniture of the house or even financing a dream trip is possible with money loan with interest rates slightly lower. Just as there are several banks and financial institutions, in the market we find different lines and modalities of credit for loan, knowing the differences between one and the other can make the difference when hiring rates. With that making the right decision, knowing the institution and which type of loan is most advantageous, helps to spare a little money in the pocket.

AUTO loan

AUTO loan

This type of loan is used exclusively for the financing of new and used vehicles (automobiles and utilities), national or imported. The interest rate is usually fixed and the payment of installments is monthly, equal and successive until the end of the contract. To finance a car, the car loan is ideal. The charges are: interest rate, TARC and IOF and accrued interest, if any. On the website of the Northern Bank up to 5th place, the minimum rate is 0.99%.

Property Purchase

Property Purchase

The interest rate on real estate financing has slowed in recent months, the repayment period has gone from 30 to 35 years (420 months) since 2012, thanks to a maneuver of the savings bank. In the 4 largest banks, the average interest rate is around 0.86%.

Revolving credit

Revolving credit

Credit cards are famous for three differentials: ease of use, high interest rates and defaulting champion. Currently the rates of the revolving credit is from 13.69% to 18%. Interest rates vary from flag and brand of card, since the criteria for charging the rates of the rotary is not established by the Northern Bank (BC), each administrator applies the rate he thinks best.

Other loans

Other loans

To inquire about the Overcharge, Credit Limit, Pre-Approved Loan and Miscellaneous Financing rates, you would have to do a thorough research. It is worth mentioning that banks and financiers apply rates according to the rating or relationship of the client. If you are looking for a loan, the only way to ensure the best solution is to compare directly to the institutions of your choice in your city.

What are payday loans?

Do you know what payday loans are? This is a very expensive form of borrowing that is best avoided. Here’s why…
Do you evaluate borrowing opportunities and ask yourself what are payday loans? According to the Financial Consumer Agency of Canada (FCAC), a payday loan is a short-term loan, usually for a period of 14 days, which you agree to pay when you receive your next pay.

These loans allow you to borrow between 30 and 50% of your take home pay and they are contracted from private companies that usually require proof that you have a regular income, a bank account and a permanent address. The lender will have you sign a contract specifying the costs, the various fees, the interest rate and the due date. Reimbursement is by post-dated check or pre-authorized debit (direct withdrawal from your bank account).

Make sure you can repay

Make sure you can repay

Be sure to borrow an amount that you can repay: if you can not repay on the due date, you will have additional fees to pay and interest will continue to accrue on your loan. To recover the money you owe it, the lender can turn to a collection agency, and you could even find yourself in court. If you often have trouble making ends meet, the form of borrowing payday loans should not be an option: it’s better to hire a credit counselor to help you find the best possible solution. solve your money problems.

Use payday loan only as a last resort

Use payday loan only as a last resort

Payday loans are a very expensive way to borrow. Indeed, interest rates are very high: according to FCAC, in January 2012, a loan of $ 100 for two weeks cost $ 25 in Nova Scotia, which would correspond to an annual interest rate of $ 650. %! So you have every interest in trying to find other solutions, such as borrowing money from a loved one, asking for an advance on your salary, or postpone some purchases until later.

Also check with your financial institution if you qualify for another form of loan: line of credit, overdraft protection or cash advance. These forms of borrowing have much lower fees and interest rates than payday loans.

Learn about your rights

Learn about your rights

You now know what payday loans are. However, before signing up for one, check with your local consumer information office for your rights and the rules that lenders must follow. Some provinces (Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Ontario, Quebec, Saskatchewan) regulate payday loans. In particular, they established the maximum cost of payday loans and the maximum penalty for returned checks or pre-authorized debit declined (amounts vary from province to province). They also provide a cooling off period (one or two days) during which the loan can be canceled without charge.

Is There An Easy Way To Get Money With Loan

Which way is easier and how to get money with loans ? Depending on the situation of the applicant, it can be a very embarrassing situation, especially if the citizen has problems with financial restrictions, unpaid debts with banking institutions or a name registered in SPC Brazil, FineCheck Experian. So the question remains, is there a formula for facilitating a “personal loan application” to “borrow money”?

Financial failure

Financial failure

When the individual or family financial system collapses with banks and creditor companies, borrowing money from people close to them is still the best way to get money without bureaucracy. Family and friends depending on the level of proximity can be an extremely efficient alternative.

The big problem of personal loans with family members, relatives or friends is the fact of credibility, moreover nobody today likes to expose their financial weaknesses, failure in finances or lack of money because of indiscipline in dealing with income.

Easy loan risks

Easy loan risks

Are there risks in personal loan to get money borrowed from friends and relatives? There is yes, this is even the biggest fear of who lends money . Although the loan between family members does not have interest rates, charges, fines and all the processes of a conventional loan, many borrowers put the lender into debt situations if the repayment is not made as agreed.

Personal loan complications

Personal loan complications

When “borrowed money” is not repaid, the worst that can happen is the indisposition between the lender and the borrower, in which case a hostility is almost always generated due to non-compliance. It is worth remembering that the lender many times do not have much money, the resources that have been released just for consideration, are part of monthly budgets or resources saved for some time for emergencies.

Money lent between person and family

Money lent between person and family

Repayment of borrowed money is the most sensitive factor in this type of borrowing money between family members. How to get rid of insolvency or default in this form of credit? Form a contract or simplified term informing the values, deadlines and mainly the signature of the lender confirming the request of the money lent.

Another way is to ask for the signature on a promissory note, in case something goes wrong, just protest the title. With these simple methods, the familiar lender puts a little discipline on the transaction, avoiding at least 50% the chances of not receiving for the money.

Other Ways to Get Easy Money

Other Ways to Get Easy Money

In Brazil the social loan is not yet a formalized operation, but it is possible with little demand to find ads in online classifieds, websites and companies providing this type of loan, besides the social loan, make the collective loan, including money.

Social and collective loans are viable solutions for those who need loans, the problem is trust, there are many mockers in the network, to get rid of it is necessary to be very careful not to participate in predatory lending schemes, illegal loans or bad loans.

The Peer to Peer Loans

The Peer to Peer Loans

Not that it’s easy but that’s easy. Peer to peer is a form of loan where one person lends money to another without the intermediation of a bank or institution and investors can use their money to profit by borrowing with low interest and stable profitability. In peer-to-peer loans, also called social loans, between people or P2P loans, are one of the highlights of entrepreneurs in the new economy and have changed the way one takes personal and business credit.

Continue accessing the blog, what is not lacking here are relevant information on everything that happens in Brazil related and credit and loans, see also the most comprehensive guide on online personal loan and collaborative loan platforms.