If you are at a point in your life that has been a little complicated financially, and you happen to be in need of a small personal loan to help you – then let’s talk about possibilities. When we say – small loan – we refer to any amount borrowed between R $ 200 and R $ 3,500 reais, with the detail of the repayment that is usually returned in a short time, between 3 and 12 times a maximum.
This is one of the alternatives to get a personal loan fast, without delays and easy to repay in installments, as the period goes by quickly.
A personal loan of small value can be used for any purpose, like paying bills of light or water delayed, a ticket or card of Casas Bahia, Riachuelo, Pernambucanas etc. Or, unusual expenses to cover repairs in the car or in the house.
Most of the time, borrowing money from a private lender or banking institution will likely be the same operating mode as in the form of an online personal loan, although online there are many other alternatives.
If you’re worried that you’re being denied and therefore might be fumbling with your ability to access a small loan, we’re here to show you that you have a few options and extra features that you need that are at your fingertips.
But first, let’s see what your chances are if you are eligible for most credit schemes.
Different Personal Loan Options
A personal loan or bank loan is a way to borrow money with an agreement between you and the lender, most of the time there is no guarantee request or assets that you have.
The lenders will no doubt consult about your income and your credit history with the agencies like Serasa and SPC to make a decision assess that you can afford and have conditions to maintain keep payments of installments by the combined time.
A personal loan can be borrowed from banks, financial institutions and online sites over the Internet. The amount borrowed varies according to the borrower’s profile, between R $ 200 and R $ 50,000. However, in conventional operations, those with some credit restriction or do not have sufficient income for larger amounts, are less likely to get amounts over R $ 10,000.
The payment amount of the installments is agreed with the signing of a contract when you take the loan, the rebates can not exceed 30% of the monthly income, this is a way to balance the personal finances and the budget of the borrower.
The term of the personal loan (how long you need to pay it back) depends on how much you can afford each month, the terms vary between 3 and 60 months, but can be extended up to 180 months.
Secured Personal Loans
Secured loans always involve some asset or guarantee that the borrower owns or has to present to the lender. In the transaction, the lender asks for a guarantee so that the loan that they offer is released, the asset can be their property (real estate), (automobile) or assets, in that modality the accepted guarantees can be numerous.
In a secured loan application, the amounts approved and released vary from R $ 10,000 to R $ 250,000, however, amounts such as R $ 500,000 and R $ 2,000,000 million are easily reached, these are probably a little more than you are Needing, but worth the hint.
Another very interesting line of credit, which is still a guaranteed loan, including the most popular in Brazil, is the payroll loan. With it some follow-ups from the society have easier access to borrow up to $ 75,000 or more, this will depend on the assignable margin, the guarantee is the discount on the payroll that can be the salary, benefit, or salary.
Bad Credit Loans
Although it is the practice for lenders to analyze all your credit information and data when you make a loan application or any type of financing, for those who have records in the protection bodies, they are dirty, does not necessarily mean that it will not be accepted in a personal loan application.
However, when your credit is bad, that is, you are negatived in Serasa, SPC and Boa Vista SCPC, this means that you will be overwhelmed with higher interest rate than the conventional one, or maybe you will not have access to amounts of money like you would wish.
Some lenders, such as Simplic, MoneyMan, Crefisa specialize in lending to clients with credit history with restriction records. So do not feel discouraged if you are looking for a small-value loan if you are struggling to manage your personal finances.
It is very important that you consider why you have had difficulties in the past so you do not overcharge by borrowing more than you think you can afford comfortably.
Loan alternatives for little money
If you are looking to borrow a little money, borrowing with family or friends is a great choice. Getting loan with a credit card can also be an acceptable option depending on the circumstances. Credit card loan only serves to get you out of the way, and the amount can not be too much, ideally not to exceed the R $ 500 reais.
If you want to claim some of the benefits you are entitled to if you find yourself in a difficult situation, you can apply for the Government Family Loan loan that will go to help you pay for things like food, gas, clothing or travel expenses. The smallest amount you can borrow is $ 100, the loan has low interest rates.
Loan with FGTS, despite all the controversy, this personal loan line is also an option to borrow relatively low interest money amounts and for small or intermediate ones. By contracting the loan using the FGTS you can pay for the loan in several installments, which can make it easier to control your money.
In any type of loan, it is worth keeping an eye on the CET, and be cautious about taking out a loan if you are not completely confident that you can pay interest and installments on a monthly basis.
For some people, there is the option of approaching a family member or close friend for financial help, especially if you only need a small amount of money, this attempt may help you avoid the incidence of interest. Just combine with your friend, relative or family what you can afford per month.
Be responsible with financial commitments
In fact it does not matter how much money you are looking for, or what you are needing, the very same thing is to think about how you are going to pay it. Before you commit to any line of credit, consider the interest, the amount, and the time frame you will have to pay – think circumstances may change.
The good news is that by making your monthly payments on expiration and in full, you start to increase your credit score and create credit history if you do not have it. But, similarly, if you are approved in your loan application and then you have difficulties with repayment of the installments, remember that your financial life will be even more affected.
Being with the name negative already know that it hinders access to the best financial products, credit cards and obtaining loans with low rates and even lose the chance of public tenders and jobs in private companies.
With that in mind, it is very important that you ask only for what you can afford.