Thousands of people are looking for personal loans every day, but not everyone understands exactly how this type of credit works. We often get questions here on the blog, on our social networks, by email and even by phone.
Thinking about helping these people, we have separated seven very common questions between those seeking credit. If we don’t answer yours, leave the question in the comments.
1. What is a personal loan?
Personal loan is a type of credit offered by banks or financiers. In this option there are not so many conditions to customers. In general, the person applying for a personal loan goes through a credit analysis, which allows them to know if they will be able to repay.
2. How much can I borrow?
The maximum loan amount available considers several variables, with income being only one of them. At Kleriko the value of the personal loan can vary between $2,500 and $50 thousand.
3. Can I have more than one loan at a time?
Yes, but it depends on the financial analysis made by the institution and other factors will also be considered. It is also worth remembering that before taking a new credit you should check if you really can afford both.
4. Who can ask?
The loan can be applied for by persons of legal age who have a checking account and can prove income. However, every request goes through a credit review and the request does not guarantee approval.
5. Can you ask if you are negative?
There are institutions that work with negative credit lines, but in this case the interest rates are high and there are more restrictions on the limit and the payment term. At Kleriko there is no such credit option.
6. If my name is not negative, am I automatically approved?
No. The absence of restrictions on the CPF is not the only determining factor for credit approval.
7. What is the interest rate?
It depends. In addition to being different from one institution to another, in some, such as Kleriko, the rate may vary according to credit analysis. Also remember to always look at the CET (Total Effective Cost) of the loan. This is where you have all the costs involved in paying the requested amount.