Renovating a house, paying off debts, building up a financial reserve, going on a trip or changing a car are desires that are present in every citizen. Personal loans are one of the most traditional ways of obtaining money quickly to achieve goals or make dreams come true.
One of the main characteristics of this type of credit line is that you can use the money in any way you want, unlike a loan, which must only be spent for the purpose for which it was contracted.
In practice, the bank releases the loan and the consumer agrees to repay the amount in monthly installments, plus interest.
| Positive Points | Negative Points |
|---|---|
| The institution offers one of the fastest disbursements in the industry | Copy of the bank statement for at least 3 months |
| Up to 48 months to pay off your installments | Copies of the basic service form for at least 60 days |
Normally, the contracting process works as follows: a person simulates a loan with a given amount and checks the repayment term and interest.
Then, he/she provides some data, such as personal documents, salary, among others, and an analysis of the profile is carried out. Depending on this analysis, the entity may or may not grant you the loan.ale remember that the amount to be paid will be the amount you borrowed plus interest.
The payment of the loan is usually made in monthly installments, and the number of times it will be repaid is negotiated with the entity that grants the credit.
Of course, you must be sure that you will be able to pay the loan installments, before contracting it, simulate the different plans and options and determine the maximum amount you can pay monthly.
Avoid unknown companies and do not hire just because of an advertisement or publicity, investigate if it is a safe and regular institution.
Unfortunately, some people take advantage of those who need money to carry out frauds. It is very important to be alert, okay?
| Benefits | |
|---|---|
|
Credit history
|
The credit history is not checked at the time of application |
|
Payment terms
|
Payment terms of up to 48 months |
|
No bureaucracy
|
No bureaucracy when applying for a loan |
|
Pass Rate
|
One of the highest approval rates |
Now that you know all about this form of credit and the advantages of borrowing, let's go into more detail about the loan offered by Federal Bank.
In this article we will show you why this may be your best decision.
Extended ties
Federal Bank offers its applicants a period of 48 hours to cancel their monthly quotas, as agreed with the institution.
This and other concessions you can better verify by clicking on the following button.
I Want My LoanAgility
The institution has one of the fastest releases in the industry, in less than 1 hour the amount can already be debited from your account.
Affordable Rates
Federal Bank also offers affordable interest rates that fit in the pocket of each applicant, which brings peace of mind and security when contracting your personal credit line.
These and many other benefits can be guaranteed by clicking on the button below.
I Want My Loan
