Currently in Brazil it is possible to get a loan online without having to submit many documents. This category of loans is very attractive, as the release is much faster than that of banks, and the list of requirements of conventional banks is longer.
But of course not everything is flowers and the ones before deciding to apply for a loan online one must consider some very important points. Want to know what these points are? Next we’ll talk about it.
Interest can be extremely high
Usually when a finance company decides to lend money to those who have a dirty name or other loans and financing, the company needs to have some security, so higher than conventional interest rates ensures that the company will not lose much if something happens. .
You can compare all rates and opt for the most convenient one. If this is your first time applying for a loan and if your name is not on SPC or SERASA you may be able to get more attractive terms.
Payment term is usually shorter
Since approval is faster than normal, payment follows the same line of reasoning. Value and time factors go together, take into account your need and your ability to pay.
Not All Companies Are Trusted
Many people are fooled in this search for loan. You can consult with the entity’s CNPJ, look up the company name on complaint websites, and should suspect any unusual requirements that may be requested. Don’t be fooled, keep an eye out.
Some financials hide the truth to convince you
Do you know those little letters in commercials? Well, sometimes some lenders show only the good part as a way to attract as many customers as possible, but that’s where the inattentive fall and end up paying dearly for not paying due attention. Review all options very carefully.
So when is the best time to apply for a loan online? When the need for money is an emergency, because money is released quickly. Do not apply for a loan if you are unemployed or have been dragging a debt for years. And do not forget, when deciding, choose the company that gives all the demonstrations that it is serious and reliable.