A personal loan, also known as a personal credit, is a line of credit, often pre-approved. It is usually offered by banks to their account holders. But it is also offered by finance companies.
This operation has its own characteristics. It also has interest rates that vary according to the financial institution where the operation is requested. Among the credit options, the personal loan is one of the first to enter the market and become available.
The limit of a personal loan usually depends on a few variables, such as a person's income or the volume of financial transactions he or she carries out.
| Positive Points | Negative Points |
|---|---|
| Guaranteed fixed rates and lower interest rates when negotiating your personal line of credit | To apply for your loan, you must present all your personal documents and be of legal age |
| Longer term of 60 months to pay the agreed installments | To submit the application you need to prove income, residence and employment |
People who have reached the age of majority can now get a loan. Naturally, the bank will ask for some documents to formalize the loan. The acquisition of the personal loan can be done in person, at the branch, on the app, or through a computer.
If approved, the loan money is paid into your checking account, which makes this type of loan one of the most sought after on the market.
Due to its practicality, a personal loan is a solution most often adopted to solve an emergency or to pay off debts. In short, anyone of legal age and residing in the country can apply for a personal loan.
In addition, it is necessary to present personal documents within the validity period, some proof and your date of birth. An important differential is that any professional can apply for this type of credit.
From a self-employed person to civil servants and people who are registered.
It is worth mentioning that some financial institutions will even lend you the requested amount even if you are in arrears, but usually with a higher interest rate.
It is also important to know how to choose the institution where you will apply for your loan, it should be safe, have credibility in the market and guarantee your privacy about the data that will be sent.
| Benefits | |
|---|---|
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Client Security
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Features one of the most recognized customer security models in the country |
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No hidden fees
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No hidden fees for applying for the loan |
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Payment terms
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Payment terms of up to 60 months |
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No paperwork
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No paperwork when applying for a loan |
The Capricornian guarantees total security, privacy and ease for your credit line. In this article we will show you the reasons that make The Capricornian your best option.
Credibility
Decades of performance in the financial market, guaranteeing and participating in the realization of the dreams and objectives of its clients.
These and other values are trademarks of the institution, if you found what you were looking for, click on the button below and guarantee it.
I Want My LoanExtended maturities
The bank offers one of the longest maturities. There are 60 months to pay off your installments.
Fixed fees
It guarantees its clients fixed rates, giving them peace of mind about their monthly payments, so there are no surprises or increases in their installments.
These and other concessions are The Capricornian's specialties. Click the button below to learn more.
I Want My Loan
