See how to get a personal loan without bureaucracy

Financial institutions pose several difficulties when someone seeks credit. 

Even being a loyal customer of a bank, it is often necessary to prove income, assets and still go through complicated situations.

Check out the following tips and learn how to take out a personal loan Proceed without bureaucracy.

After all, what is a loan?

A loan is when someone applies for credit from a financial institution or another person.

In the world of finance, the loan is the most used type of credit when it comes to getting extra money .

The amount is usually paid in installments plus interest and charges. 

How does an online loan work?

With the CoronaVirus pandemic, we saw that many services have modernized and turned digital. 

And the loan was not left behind. Currently the online loan is one of the most requested modalities.

Anyone can apply for a loan online through websites or apps.

Meutudo specializes in online loans. The customer informs his data, sends documents without leaving home, all done by cell phone.

As with a conventional loan, the customer has access to all information before signing the contract.

The amount of the installments, the interest applied, the charges charged, in addition to all the conditions of the contract are informed in a transparent way to the customer. 

The idea is to reduce the bureaucracy that we find in conventional banks, without losing trust and credibility.

Types of personal loans

There are several types of personal loans , let’s get to know them below:

Payroll loan

Well known among retirees and pensioners, the payroll loan is that type of credit in which the payment is made by discounting the payroll.

They have lower interest rates and, in many cases, longer payment terms. The fact that the payment is made on the payroll, makes the default very small.

Payroll Portability

For those people who have taken out a payroll loan at another company, it is important to know that it is their right to carry their debt wherever they want.

That is, if you want to bring your payroll loan to Meutudo, you can carry out the payroll loan .

Portability is when a financial institution buys its debt from another company. 

With meutudo, it is possible to bring your loan, lower the interest rate and still take change.

Personal credit

Personal credit is a type of loan that anyone can apply to financial institutions.

Persons over 18 years of age can request the amount and, in agreement with the company, will define the payment method.

Unlike payroll loans, personal credit has higher interest rates, precisely for fear of default, in addition to a shorter payment term.

Student Loan

It is a kind of personal loan intended for students. It aims to pay the costs of studies.

Attention: we must be careful not to confuse it with financing. For example, FIES is different from student credit.

Mortgage Loan

Used by people to carry out renovations, constructions and improvements in their homes.

Be very careful not to confuse it with housing financing, as this is directed to those who make the sale.

Vehicle Credit

Like housing credit, this type of loan is aimed at people who need to repair, improve or even buy a car.

Here, you also need to be careful not to confuse it with car financing.

Anticipation of the 13th Salary

This type of loan is well known to retirees, pensioners and public servants.

Financial institutions advance the 13th salary to the customer and the customer pays when the 13th is released.

Anticipation of the Anniversary Withdrawal

This type of loan began to be used last year, after authorization from the government.

Anticipation is a good way to get extra money for those who don’t have proof of income.

Understand the difference between loan and financing

The difference between loan and financing is quite simple. In the loan, the applicant has access to the amount and makes the payment in the way he sees fit.

In financing, the credit released is sent directly to the person making the sale, in other words, there is no intermediary.

Therefore, when you apply for financing, the amount does not go to your account, but to the seller’s account.

Is it worth taking out a loan? 

There are times when it pays to take out a loan, especially when you want to get out of debt with the highest interest.

Another option is to take out a loan to pay for a product or service in cash and at a discount, but pay the loan in installments.

In these cases, the interest on the direct installment with the company must be higher than the loan.

And, in the case of the anticipation of the birthday loot, you are using something that is yours.

Did you take out a loan and regret it?

After taking out a loan, did you see that interest rates are high and regret it? Stay calm, because the solution is to make a portability.

Portability gives the customer the right to take their loan to another bank with lower interest rates.

Meutudo can help you at that moment, when porting a loan, you will find transparency and trust, in addition to lower interest rates.

Points of attention when taking out an online loan

Before hiring, it is important to be aware of a few points when hiring an online loan.

See below for tips to take out an online loan without hassle and bureaucracy.

Look for a reliable company

The first step in looking for an online loan is to look for a reliable company.

Remember to check with the Central Bank if the financial institution is registered and has the authorization.

Is it necessary to take out this loan?

Now stop and think, is it really necessary to apply for this credit? Will you be able to afford the installments?

Remember that, at first, there will be a slack, but after the money runs out, you can tighten again.

Keep an eye on costs

We have already talked about the Total Effective Cost ( CET ) of the loan and how it directly affects the amount you will pay at the end.

So keep an eye on the fees, charges and interest charged. In meutudo everything is very transparent and you will know how much you will pay in your consignment.

payment term

It may seem best to pay in installments as much as possible, but remember that the longer it takes to finalize the payment, the more interest you will pay.

Therefore, if the amount is low, do not pay in installments too often, try to lower your interest and pay less for the loan.

Now that you know how to get a personal loan without bureaucracy, contact Meutudo and see how easy and fast it is.

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