Video: First steps to obtain a personal loan

To apply for a personal loan, follow these steps

A paycheck loan is a type of credit in which installments are deducted directly from the customer’s paycheck or benefits, which carries lower interest rates than other credit options. To apply for a personal loan, follow these steps.

Choose the financial institution

The first step is to select the financial institution from which you want to request the paycheck loan. Banks, financial institutions and even some cooperatives offer this type of credit.

Requirements

Check the requirements established by the financial institution. Typically you must be retired, an INSS pensioner or an employee of an affiliated company that offers payroll deduction. Each institution may have its own eligibility criteria.

Documentation

Prepare the necessary documentation, which may include personal documents, proof of income, proof of residence and other documents required by the institution. Make sure you have all documents in order.

Simulation

Before making the request it is recommended to carry out a paycheck loan simulation. The financial institution will provide information about the amount of the installments, the interest rate and the payment duration.

Request

After choosing the institution, present the documentation and fill out the loan proposal on your pay slip. The institute will carry out a credit analysis and, if approved, the amount will be released into your account.

Authorization for payroll deduction

Since the installment loan involves deducting the installments directly from your paycheck or benefit, you will need to sign an authorization for this discount.

Following

Follow the procedure and ensure that the loan amount has been credited to your account. Check the contractual conditions and installment payment dates.

Remember that the payroll loan is a type of credit that requires responsibility, as the discount is automatic. Make sure you fully understand the terms of the contract and the interest rates involved. Also, avoid taking out excessive loans to avoid compromising your monthly income.

Watch the video with Rosélia França, recruiter at Facility Consignado, a financial services company.

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Source: Terra

Rose

Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.