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Do you know that debt that insists on disrupting the budget? And how much effort or savings do you make you can not afford? Personal loan can be one of the alternatives to solve the situation. It can also be used to accelerate the purchase of the home or the dream car. And how about to undertake with the help of this little thing?

With the internet increasingly being the protagonist of the day to day of all of us and technology companies increasing participation in the economy, borrowing money goes way beyond sitting in front of the bank manager and making the request (#ThankGod). There are products, payment terms and even ways to do this. For example, without leaving home and only with a few ringtones on the cell phone, simple as that.

Either way, the personal loan involves money that is not yours and that should be returned with interest. So before deciding anything more certain than do the calculations and compare the offers. You get an accurate notion of the final value you will pay.

What is a loan simulation?

What is a loan simulation?

To simulate is to make a test, a projection. In the case of loans, it is figuring out how much will be paid every month, how and in how much time this will be done. The exercise also helps to check if there is any additional fee if interest rates can increase during the combined period and what the final value of all this will be.

Personal loans can be made with or without collateral. In the first case, the values ​​are usually higher, the rates are lower (after all, it has a guarantee) and the payment deadlines are higher. But, the company requires that you put the property or car as a kind of counterpart in case of non-payment (the famous default). For many people this is not even an option for not possessing these goods.

In the other situation, the processes are faster because they do not require that much. Only a credit analysis that checks the payment history, the current finances, and whether or not the person’s name is negative. Then just inform the CPF, present a proof of residence, another income and a work link and provide a bank account, for money to be released.

Geneva Winkler