Monthly Archives: April 2019

Personal Loan Online: See Market Conditions

The personal loan is a modality that has been growing a lot in recent years, offering some advantages such as the convenience of not having to leave the house to carry out a loan and also interest rates more interesting. Check out our suggestions:

Know the conditions to make a loan online and make yours quickly and easily.

Companies offering personal loan online

Companies offering personal loan online

1. Legendary

It is possible to request from R $ 1,000 to R $ 50,000, with installments of 6,12,18,30 or 36 months, depending on the credit analysis.

Interest rates can range from 2.97% to 12.89% per month, depending on the credit analysis performed.

2. Geru

The amounts can vary from R $ 2,000 to R $ 50,000, with plots of 12 to 36 months. The interest rate is 2% up to 9.50% per month and may vary according to the credit institution’s credit approval criteria.

3. Credits

Credit

At Credits, a guarantee is required for the loan, so the rates are lower, from 1.05% to 2.27% per month. They ask for two types of warranty:

  • The first would be to place property as collateral, the minimum loan amount will be $ 30,000 and can reach up to $ 2 million, the minimum installments is 60 and the maximum will be 180 months;
  • The second would be the car, this would be for loans starting with smaller amounts, in this case, the minimum is R $ 5,000 and the maximum will be R $ 2 million, with minimum payment in 12 months and maximum in 48 months.

4. BIVA

BIVA is a loan company for small businesses, but with the model of a collective loan, where people are investing in the financing of others, being interesting for investors and legal entities.

Their rates can range from 2.1% to 6.8% per month. The loan varies from R $ 3,000 to R $ 800,000 and the payment term can be made in up to 24 months. In the case of investment, the minimum value is R $ 5,000, but this is only for new investors since after the first investment the minimum value will be R $ 2,000 and the profitability is on average 22% per year.

5. Simplic

5. Simplic

The interest rate varies from 15.80% to 17.90% per month, being high because Simplic is focused on negative people. It offers loans from R $ 500 to R $ 3500 with a term of up to 12 months to make the payment and if the request for the loan is made until the 16 hours, the credit will be made available the same day.

6. MoneyMan

loan

He makes loans from R $ 500 to R $ 3,000, with a term of up to 6 months to make the payment. The interest rate can be from 11.70% to 15.60% a month and rates are high because like Simplic, the focus of it is the loan for negatives.

Use the Low-Interest Simulator, you can do a simulation and get a comparison with transparency, choosing the best loan option.

The acceptance procedure concluding a personal loan works well

“A personal loan: consumer choice and experiences” is the title of the large-scale research published today by the National Institute for Budget Information (Duben).

With this research, Duben examines the choices consumers make when subscribing to a loan and the influence of the environment of choice (for example, the website) on this point.

KuruCredit, as an independent intermediary, also took part in this research.

The personal loan

The personal loan

5% of the Dutch have a personal loan. The personal loan is a loan in which the duration of the contract is determined in advance and the amount of the loan is also entirely the responsibility of the consumer. An average duration of 8 years applies. During this period, the consumer pays an average monthly refund of 300 €.

Research has shown that 95% of respondents do not consider this reimbursement problematic or that they should not have started the loan.

This can be experienced as positive. Among other things, the proper control by the lenders as to whether the applicant can bear the loan on the basis of income, family composition and other obligations, ensures that the consumer will never borrow again if he can the supporter.

Personal loan as an example

Personal loan as an example

More than half of the Dutch use a consumer credit product. Personal loan is not the only consumer credit product used by consumers. There is also revolving credit, installment purchases, credit card and telephone credit.

When the acceptance procedure with the personal loan is very good, it is less so for loan products of between 250 and 1000 €. In the long run, this may result in arrears, as shown by a recent study by the Credit Register Office (BKR). This study shows that 6.4% of consumers registered with BKR (674,000) were late in paying.

Duben believes that consumers who take out a loan need to know where they are and if they can pay for it. Duben therefore requests that the acceptance procedure for all types of credit be improved, as is the procedure for accepting personal loans.

Total cost and duration

Total cost and duration

The Duben study shows that as many as 96% of respondents took a look well in advance to see if they could repay their loan. In addition, 92% of respondents are satisfied with the loan afterwards. One measure of this satisfaction is the duration of the loan. It seems that consumer discontent increases with duration.

Duben recommends paying particular attention to the duration of the loan, and thus to the total loan amount, during the process of applying for and taking out a loan as a consumer. A shorter duration usually means a lower total amount.