Brazilians are asking for more and more loans: the research shows the profile of these people and the main reasons
In the pandemic, the payroll loan, a method in which the installments are deducted directly from the paycheck, experienced a growth boom and, since then, has become a strong “ally” of the Brazilians. According to the Central Bank, in December 2021, the financial product reached the amount of 513.5 billion reais contracted, an increase of 14% compared to the previous year, the highest number recorded in this mode up to the period.
A survey by iCred, a Sergipe-based fintech that facilitates personal loans and paychecks, showed that São Paulo leads the ranking of Brazilian states that request the most online loans on the platform, with 35.37% of requests in the country. In second place is Rio de Janeiro, with 10.11% of requests, followed by Paraná in third place, with 8.56% of requests. Rio Grande do Sul (7.51%), Minas Gerais (7.35%) and Santa Catarina (6.58%) complete the list of the five states that mostly use this option.
Help in times of difficulty
Personal and payroll loans are some of the excellent solutions that Brazilians find in situations of need. They have been more frequent lately; the number of defaulters reached the 70.1 million mark in January 2023, according to a study by Serasa Experian, a historic growth record since 2018.
The application process has modernized over the years, in accordance with the new tools launched to request the financial product quickly, conveniently and online.
“The facilities offered by technology make personal loans an easy option for many people. However, it is important to reiterate that it must be requested in case of need, not for luxury. Planning for personal financial health must take into account cases of debt or investments, so that the need to use credits does not become an annual routine”, underlines Túlio Matos, founding partner of iCred.
Professions that borrow the most
The Sergipe fintech survey also brought a current overview of the professions that use the online loan service the most in Brazil. These are the positions that appear most in the candidate register:
- 1. Inside seller
- 2. Administrative assistant
- 3. Helper
- 4. Clerk
- 5. Administrative assistant
As far as age is concerned, the age range of those who opted for this financial service in 2022 ranges from 24 to 39, totaling over 50% of requests.
“By cross-referencing the customer profile with the demographic distribution of Caged and the IBGE age pyramid, we notice a trend towards greater consumption of the product by this younger audience, from large cities, with shorter service times, more takers and applicants, looking for the autonomy and agility of Saque Aniversário”, comments the executive.
“Even though the rates for this advance are much lower than for other financial products, you still need to be cautious and have financial planning. It is worth evaluating your relationship with the employer and your prospects in the company. Evaluate the possibility of stipulating additional protection, in the event of unfair dismissal, to be eligible for unemployment insurance, which compensates the borrower and significantly minimizes the impact of jeopardizing the balance with the loan”, concludes Matos.
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Source: Terra
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