Personal loan: are they all the same?

In addition to the ideal interest rate, there is also the type of personal loan that suits you best. To do this, you have to ask yourself some questions in order to find out which mode is best for your pocket.


What is the ideal personal loan?

personal loan?

Lendico has selected the four most requested options on the market and indicates which one is best for you:

Credit reason? Personal loan indicated
“I want to clear name (CPF negated)” Loan for negative
“I’m a public or private employee looking for the best rate” Payroll loan and / or personal loan
“I have a good as collateral and want the best rate” Guaranteed loan and / or personal loan
“I will make a high purchase, but without using my credit card limit” Guaranteed loan, personal loan and / or payroll loan


Payroll loan

Payroll loan

Of course, one of the best rates on the market is payroll. The line is focused on INSS retirees and pensioners, but also on civil servants or private companies affiliated with banks. The installments are debited monthly from payroll (payroll) and have the rates controlled by the 7Days Bank.


Guaranteed loan

Guaranteed loan

Do you own property or car? Also with one of the lowest rates on the market, this modality is released between 15 and 60 days, depending on the financial and value chosen. However, you must be aware and make sure to repay the installments. If you forget, you may be at risk of losing the property you placed as collateral, for example, the property or car.


Personal loan

Personal loan

An emergency or immediate need? The loan caters for almost all citizens and can be paid by bank slip or even debit account depending on the financial one. Clients often take this credit for debt transfer, for example, where the amount taken is used to repay the financial commitment and get lower installments and interest. Read here how to get a better interest rate!


Loan for negative

Loan for negative

With negative CPF and other financial commitments? The tip is that you should avoid taking a loan in this case because the Total Effective Cost (CET) is one of the highest, passing the interest rate charged to the credit card, which today is the highest in the market, with an additional 445% per year. Ideally, you should try to renegotiate your debts with the institutions themselves. Learn more about the rate charged by clicking here.

“I need an urgent loan, what to do?”

Got yourself desperate with debts to pay and not knowing what to do? The phrase that came to your mind may have been “ I need an urgent loan !”, But right now there are a number of questions as to how to get it, what interest, how to pay, etc.
Well, if you need credit and have no idea where to start, we’ve broken down tips to help.


I need an urgent loan, where to start?

urgent loan

When deciding to get a fast loan you need to initially be aware of the amount you need and how much you can pay per month in installments. Also, you should check the types of credit available on the market and see which one suits your profile.

Keeping this in mind, you should go through a credit analysis in which you will find out how much financial institutions lend to you. The institution will also report the Total Effective Cost about the operation, the CET, and it is important to be aware of this when comparing the different budgets it receives.


How to pay less interest on an urgent loan?

If you are in a hurry, you may not have much to compare different credit budgets. Due to the urgency of the order, you need to think of ways to optimize your time.
In this case, two options are easier: apply for an urgent loan to the bank with which you are an account holder, as the amount is deposited on the same approval day; or apply for a personal credit online, which allows you to quote and hire without leaving home.
Remember that in the case of online lending, as in Fundico, for example, there are no branches and therefore the cost of operation is lower. This is passed on to the user who finds a CET below the market average.


Personal credit for negatives

How to pay less interest on an urgent loan?

In case of negative people, the loan application process is more complicated and entails a higher interest rate. Care must be taken as the debt can take much larger proportions and make its payment unviable.


Online loan

As we pointed out earlier, it is possible to apply for a fast loan online. This saves travel time and even credit rates.

Another great advantage is the real possibility of comparison in real time of the values ​​and quantity of installments.


Situations for urgent loan

Online loan

Some people get out of control financially and in order not to pay the high interest rate of revolving credit card or overdraft they find in the loan a quick and easy solution.

There are also cases when it becomes necessary to pay a medical cost for which it was not prepared. Some examples are exams, surgeries, hospitalizations, etc.

There are even cases when someone has no car insurance and needs to apply for a loan to fix their car or that of a third party.

What happens to the loan when the person dies?

It is not uncommon for people to wonder what happens to the personal loan when the person dies. There are those who are afraid of having to pay the family member’s debts or even think they may be negated if they do not have the money. There are also those who believe that the debt disappears with the death of the borrower. Today we will answer the questions on this topic.


What happens to the loan when the person dies?

Let’s talk about the myths and truths about debts after the debtor’s death?


When the person dies the debts are paid off.

death loan

Myth The amount of the debts will be paid by the assets left by the deceased to his heirs and the repayment of the debts can occur even through a lender insurance, made for this purpose. This means that when a person dies the debt does not die together.


When the person dies the debts go to the heirs.

When the person dies the debts go to the heirs.

Myth and truth. The heirs have no obligation to pay off the debt left by the deceased, but the debts will be passed on to him within the inheritance received. This means that if a person had 2 heirs, an equity of $ 10,000 and a debt of $ 10,000, uninsured, the debt will be fully discounted from the equity that would be received.

But if he has two heirs, an estate of $ 50,000 and a debt of $ 100,000, the $ 50,000 that would be split between the heirs will be used to pay the open debt. The remainder will be settled as a loss to the institution. This means that, in a way, the heirs will participate in the repayment of the debt, but only with the equity to which they would be entitled.


Credit Life Insurance

Credit Life Insurance

One of the things we mentioned above was credit life insurance and we will explain what it is and when it is used.

Which is

Credit life insurance is a guarantee of debt repayment in the event of the insured’s death, permanent disability or involuntary unemployment. The first beneficiary of this insurance, up to the debt limit, is the creditor institution. Still, it works as a guarantee for the borrower, who will have peace of mind in case of unforeseen events.

If the insured amount exceeds the debt, the difference will be paid to the insured, if alive, or to his heirs.

What is it for

This insurance can be used for both debt settlement and settlement of certain installments in specific cases. It is very important to observe the coverage described in the contract before signing.

How much?

The amount of credit life insurance varies according to the asset, term of financing, age of the insured and policy of the insurer.

When is the right to insurance lost?

If the insured person joins an incentive dismissal program, for example, or simply resigns, he will not be entitled to insurance coverage. In addition, if the physical inability to perform his or her activities is linked to a pre-existing illness, there will be no payment of the installments provided for in the insurance contract.