Best Bank for Loans
To say the best bank for obtaining credit is a very delicate question in Brazil, in my opinion here there is no better bank, there is a bank with lower rates and, consequently, it makes me wonder if the organic search is really free from interference, especially when we look for for ” best bank to make loans “, the economic Apobank appears at first although the key words do not have much relevance, will understand.
In the country, with the end of the exclusivity imposed by the Bank of Brazil and the policy of competition “sweeps the block” of Apobank, the interest rate war between personal and payroll loan providers has been decreed, is currently in full swing from the beginning of this year, 2013 with start in 2012. This is the standard so far, who can lower your spread, have the lowest rates and become market leader.
What is the best bank to take out a loan?
We always have an advertised that one or another financial institution that has cut their lending rates, personal credit, credit limit or card, so for the consumer of credit, doing searches over the internet or on specialized websites in search of more affordable conditions can generate a good discount with interest rates, and by the end, more money in the pocket.
To know, the consumer can use online forms or tools for online loan simulation, the problem is that simulators never provide all the information that is really important and overall the total cost does not appear. Another problem is that if you really want to know the best bank to make a loan, you will have to go from bank to bank in person and even then you will not know all the pertinent information to request.
To make matters worse, the agencies report that to have the lowest interest rates, the contractor has to be within a series of rules, conditions, profile, credit policies, rating, scores, relationship time and over a million requirements.
“For you to know the best bank to hire your loan, it will not be easy, as said, it is not always that you will have an accurate comparison of the rates and conditions, if you can not have the exact rates of interest, then you will not know which bank is the best.
So consider the best bank to borrow personal loan and credit, the one that is serving you now, especially if you already have a relationship and good move, change bank to get better rates in Brazil with portability is like the movie ” OZ “, is pure fantasy.
“Just be content to have an affordable rate at a bank that accepts you as a customer and for economic reasons and aiming at only profit releases loan for you”
How to choose the best bank to make personal loan?
Before you choose which best banks to hire your personal loan, the interesting thing is to evaluate many lines of credit products to find the best loan modalities, from there, choose the best bank or financial institution.
In our analysis, we consider the following criteria:
- Competitive interest rates: lines of credit and personal loans are offered in secured and unsecured formats. Due to the many risk factors involved in granting a loan, many lenders charge higher fees. Look under your conditions the best bank that shows in the CET to have the lowest rate, even for those who are negative.
- Amounts released in the loan: Each modality will release a certain amount of money, in loans for negative and general it is up to R $ 5 thousand, consigned up to R $ 50 thousand, with property guarantee up to R $ 1 million or more. Choose the one that best fits your borrower profile.
- Loan Deadlines: Most personal loan lines are structured according to the type of loan, in payroll the term is up to 96X, the restricted loan up to 12X, the home equity up to 180X, the loan sharks up to 30 days and and so on. The best bank is the one that has the conditions and deadlines that fit in your finances.
- Additional Fees: Many lenders may want to charge commission or any other fees. The most common is that there is no collection beyond what is allowed by the BC, taxes such as the IOF and loan insurance. Stay tuned!
- Accessibility of the creditor: Many banks do not allow the request to be made online. Still others insist on loans with paperwork. We classify online access as the basis factor in eligibility requirements to be the best bank to take loans. Fast and efficient customer service too.
- Creditor Credibility: Review claims made on the Internet for each lender you are interested in making your request. Check the reputation of the company with borrowers. Check out if the company or bank is what it claims to be for you not to take risks of losing money instead of getting money.
What is the best bank or online financial lender?
There are many types of financial institutions that are willing to lend money to individuals. Let’s list only the top three options for getting an uncomplicated personal loan:
- Banks and financial institutions: Some large banks and financial institutions offer personal loans with facilities and optimal conditions for both clients and non-clients.
- Credit unions: Local credit unions can offer personal loans with much lower interest rates and more flexible terms than banks and financial institutions and even alternative creditors. Check this out!
- Online lenders : These lenders offer a convenient way to research and compare personal loans and indicate banks and companies to apply for everything done over the Internet. Look for lenders who offer a range of proposals for you to choose the best.
Approval of the application in the best bank
Once you select a banks lender that matches your needs, you will need to provide the following documents to formally request the loan:
- Identification: driver’s license, identity, CPF and / or Social Security card
- Verification of address: utility bills or copy of rental agreement
- Proof of income: Checks, payslips, bank statements or tax returns
The bank lender that you considered to be the best, will perform a verification of your credit and data to make sure the information is correct and set by approving or denying the request.
If there is final approval, you will receive the amount requested according to the terms of the contract that will be signed, usually on time, or on the same day, depending on the modality.
Note : Hiring a personal loan can help you relieve your debt and cover unexpected costs, but take stock of your options before choosing a specific line of credit. Find lower rates, and just borrow the amount of money you need and be quick with your payments.