Keeping finances under control is not always an easy task, especially with the unstable economic situation in which Brazil passes. With this, more and more people consider the possibility of having a loan to get rid of the debts.
However, getting this type of credit from financial institutions can be a very bureaucratic process. In addition, when considering the possibility of the loan, you also need to make good planning according to your income so as not to worsen your financial situation.
If you are interested in taking out a loan, follow our tips today:
Think: Why do I need a loan?
When thinking about a loan, you need to identify the reason why you need the money. It is essential to be clear about the real need for credit, as applying for a loan without a specific and really relevant destination could lead to an even greater financial problem.
In case of renegotiation of the overdraft, a loan carried out correctly could reduce interest rates by half, for example.
Analyze whether the loan is the best way out
Is a loan really necessary or is it possible to get the desired amount saving for some time? If the answer is yes, it is advisable to add the necessary money and do not take the loan, avoiding paying interest unnecessarily.
Borrowing money from relatives and friends is a good way out, but one must be aware that money must be returned in the same way as a financial institution, again demanding financial planning.
Do not seek the loan amount only in your bank. The high interest rate variation will make the difference in the total amount of debt to be paid. In addition to physical financial institutions such as banks, there are online loan options that have lower interest rates.
Be careful when choosing the financial institution where you will take the loan, as there are many front companies that take advantage of this type of situation to apply blows. Look for referrals on the internet and between acquaintances before closing a contract.
Set a maximum amount to be paid
A loan can not become a debt that you can not honor. So, before hiring, simulate the various plans and options and determine the maximum amount to be paid monthly.
It is important to emphasize that the value of the installments to be paid monthly does not exceed 30% of their monthly income . The larger the number of parcels, the lower the value of the parcels, however, the total value of the debt will be higher. Be aware of the conditions offered by banks and financial institutions.
Read the agreement
Unfortunately, most people are not in the habit of reading loan agreements. However, reading the document is fundamental (and mandatory) so there are no surprises along the way, such as maintenance fees, readjustment of values, possibility of cancellation only through payment of fines, among other things.
Raise the required documents
In general, the financial companies request the following documents for the realization of the loan: CPF, RG, proof of address and proof of income. These documents may vary according to the requests of each institution, but all are relatively easy to achieve.
Deliver your documents and wait
After choosing the financial or bank that offers the best credit solution for your need, just deliver all the requested documents and wait. But attention: delivering the documents and have no restrictions in the CPF is no guarantee that the loan will be released.
Each company has its approval policy, which may include payment histories, available income, economic profile and the existence of other loans. Therefore, do not make debts relying on the loan money before having a return from the financial institution.
So, do you still have any questions about how to make a loan? Share here in comments!