Overdraft, credit card, payroll deductible loans, financing… The available credit options are many which can make the Brazilian worker a little dizzy when they need extra money. What few know, however, is that anyone with a formal job can apply for a much more comfortable and less bureaucratic loan: the salaried loan.
Were you confused by this nomenclature? Keep reading and see what salaried loan is, who can apply for and how you can get yours!
What is salaried loan?
The salaried loan is actually a personal loan modality. This type of credit is granted directly to individuals to be used in accordance with the applicant’s objectives.
That is, unlike a car finance, for example, where the car serves as collateral and the money must be used to buy it, in personal loan you can use the amount to travel, pay debts, invest in your education ie whatever your financial goal. . . . . .
When we speak of a salaried loan, however, we are referring to the personal loan offered to those who have CLT registered work, that is, a formal contract.
But what exactly is the difference?
The big difference with the salaried loan is behind the scenes: in evaluating the loan application.
Since the applicant is a signed-in person and therefore has a steady and steady stream of income coming into their account, the chances of being approved and getting better conditions can increase.
This is because the personal loan offer advises a person’s repayment ability to determine if they are able to take credit.
So how does loan assessment work?
There are two main points assessed in applying for a salaried loan:
- Bank account: You are required to enter your bank account number. No reason to worry, MoneyMan is completely safe. The account is requested for viewing only, without the company having any moving power over it. That is, the financial or bank can only verify and analyze your bank statement, without being able to make any transaction, In addition to using this date as a security guarantee for everyone, because we can confirm that you are the owner of the registered bank account;
- The credit score: This is a score you get from the financial market, which represents how good a payer you are. Paying bills on time, having a good relationship with your bank, not delaying bills can help to have a high credit score, which shows the market you are a good payer and can afford the loan costs.
While your account will show your fixed salary entries, confirming that you have enough income to cover the installments, the credit score will tell you how much you are responsible for your debts.
There is also discussion in the plenary to include in the evaluation the Positive Registry.
But how can I make my request?
The salaried loan can be of the face-to-face type, where you have to go to a bank or finance company to apply, or online, where the entire process can be done over the internet.
In the latter case, you can make a simulation through the website of the chosen financial, which informs the desired amount and the number of installments in which you can pay. The value of the installments is returned automatically and by filling in the details and placing the order you can have a response and money in hand within 48 hours.