If you are in need of money but your personal loan has been denied, you need not be discouraged. There is an easier way for the bank to lend you the money: the personal loan! Also called payroll loan, the option gives greater security to financial, and so is often less complicated to obtain.
The main fear of a financial company when lending money is not getting the money back. Therefore, she often denies sums to those who have no fixed income, or to those with the “dirty name”. Those with a poor payment history, that is, who has already left accounts late, or even unpaid, also join this excluded list.
The personal loan, however, eliminates this fear. This is because the modality discounts the installments of discharge directly from the consumer’s salary. That is: even before he has access to his salary, the individual already has the loan portion discounted by the bank. This gives the financial company the certainty that it will receive its due, making it easier to grant values.
Payroll installments are deducted directly from the consumer’s salary.
Personal Loan Sheet: Who Can Apply?
Because it casts money directly from the individual’s monthly payroll, payroll deductible credit is only available to those who own it. Therefore, the individual must have a signed work card, be retired or an INSS pensioner, or a civil servant. These people are guaranteed monthly salaries, and so are good public for financial.
To borrow money, the employee first needs to look for HR or Finance in their company. There you should ask for an employer recommendation. Only with this document in hand can the individual go to the bank. Only financial companies that have an agreement with the employer allow the loan.
In the case of civil servants and retirees, the amounts may be granted by any bank. All it takes is for the individual to come to the financial company with his or her personal data and proof of his or her status as a retired person, pensioner or civil servant. It is important, however, to always give priority to the bank you already work with. Thus, the chance of suffering any blow is lower.
The assigned values may reach up to 30% of the consumer’s income. The percentage is considered safe by financial experts. This does not mean, however, that the bank will always provide these amounts – it may be willing to deliver slightly less than that.
Only retirees and pensioners, formal workers and civil servants can make payroll loans.
What if I lose my job?
Since the values of the payroll loan installments will be deducted directly from the individual’s salary, it is not necessary, for example, to have a “clean name”. In other situations, this condition is often impeding.
The “problem” happens if you lose your source of income. If there is no more monthly salary, how will the bank discount amounts? To avoid debt becoming a hindrance, the financial company may discount up to 30% of the amount of its severance pay. If the amount is not yet sufficient to clear the debt, the way out is to renegotiate the amounts directly with the institution.