Adverts
Now that you know what loans for people with bad credit are and how they work, it’s time to find out about the best options available on the market. To help you, we’ve put together a list of some of the main alternatives:
1. Payroll Loan
A payroll loan is one of the most affordable options for those with bad credit. In this type of loan, the installments are deducted directly from your payroll or INSS benefit, which guarantees greater security for the financial institution. As a result, interest rates tend to be lower than in other types of loans.
- Interest rate: Around 1.5% to 3% per month.
- Loan Amount: It can range from R$ 500 to R$ 100,000, depending on your income.
- Payment Term: Up to 72 months.
2. Online Personal Loan
Fintechs, or financial technology companies, offer alternatives for those looking for a simple and fast personal loan. These companies carry out the entire process online, from the application to the release of the credit. The process is faster and approval can be done in a simplified manner, even with restrictions on the name.
- Interest rate: It can vary between 2% and 9% per month, depending on the customer profile.
- Loan Amount: From R$ 1,000 to R$ 50,000.
- Payment Term: From 3 to 24 months.
3. Loan secured by property or vehicle
This is an option for those who own a property or vehicle and are willing to use it as collateral to obtain a loan. By using a property as collateral, the loan amount can be higher, and the interest rates are lower than other options, since the risk to the financial institution is reduced.
- Interest rate: From 1% to 2% per month.
- Loan Amount: It can reach up to 80% of the value of the property.
- Payment Term: Up to 180 months (15 years).
4. Loan with Credit Guarantee
Some banks offer loans with credit guarantee, that is, the customer can use an asset, such as a savings account, as collateral. This option is advantageous because it has lower interest rates compared to other options.
- Interest rate: From 1% to 3% per month.
- Loan Amount: From R$ 500 to R$ 20,000.
- Payment Term: From 6 to 24 months.
5. Loans for those with bad credit at Banco PAN
Banco PAN is one of the financial institutions that offers loans to people with bad credit, both in personal and payroll loans. They analyze each case individually and offer a quick response to those with restrictions on their CPF.
- Interest rate: It can vary between 3% and 6% per month.
- Loan Amount: Up to R$ 15,000.
- Payment Term: From 6 to 36 months.
6. Lendico Loans
Lendico is an online lending platform that offers personal credit options for those with bad credit. The company performs a detailed analysis of your profile and offers alternatives for those who need credit quickly and without bureaucracy.
- Interest rate: From 3% to 7% per month.
- Loan Amount: From R$ 1,000 to R$ 30,000.
- Payment Term: From 6 to 36 months.
