Credit, what’s the best line? We always get this question on our channels, but it’s a question that doesn’t have a standard answer. Because each credit line is unique and can serve different types of customers. From the person who has the name negated and wants to clear it, to the civil servant looking for a lower interest credit line.
With this in mind, Fundico has gathered the most sought after lines and indicates which one suits you best, according to your motive:
What is the best credit for individuals?
|Credit reason?||Credit line indicated|
|Negative CPF / Dirty Name||Loan for negative|
|Civil servant looking for the best rate||Payroll loan and / or personal loan|
|I have a property (property or car) and want to use it to bargain a better rate||Guaranteed loan and / or personal loan|
|Purchase a high value item without credit card||Guaranteed loan, personal loan and / or payroll loan|
Payroll has one of the best rates in the market. However, it is offered to INSS retirees and pensioners. Officials or private companies affiliated with banks may also apply. The installments are discounted from the payroll (by check / paycheck) and the interest rate is controlled by the North Union Bank.
Do you have a vehicle or property of your own? Competing with payroll lending rates, this line is cleared between 15 and 60 days, depending on the amount and financial. However, you must be aware and do not default. If you stay, you risk losing the good you placed as collateral.
An emergency or immediate need? It caters for almost all citizens and can be paid by bank slip or even debit account depending on the financial. Clients often use this line for debt transfer. For example, the amount purchased is used to pay off the previous debt, with new installments and lower interest. Read here also how to get a better interest rate!
Loan for negative
With the dirty name? The tip is that you avoid borrowing in this case because the Total Effective Cost (CET) is one of the highest! It passes the interest rate charged on the credit card, which today is the highest in the market, with over 450% per year. Ideally, you should try to renegotiate your debts with the institutions themselves. Learn more about the rate charged by clicking here.