Firstly, the Bom pra Crédito loan or SIM loan are two great options for those looking for a line of credit and want to avoid bureaucracy. In this way, both have attractive proposals for those who need money quickly, whether to pay off their debts or even make an investment. 

So, we have prepared special content for you with the characteristics, as well as advantages and disadvantages of these two loans. This way, you can evaluate which option best meets your financial needs. Want to know more? Check it out below!

Initially, Bom pra Crédito is a digital platform that works as a banking correspondent for more than 30 financial institutions. In other words, with a single registration on the fintech website, you have access to several credit line proposals that are based on your financial profile.

In this sense, everything is done online and without bureaucracy through the company's official website. You register, simulate the amount and number of installments you want, and in a few minutes Bom pra Crédito shows you which financial institutions are available to lend you the money, as well as the installment plan and interest rates. 

Furthermore, the fintech promises reduced interest rates and offers up to 120 months to pay off the Bom pra Crédito loan, with a maximum limit of R$50,000. However, it is important to note that it only acts as an intermediary between you and the institution that offered you the credit, therefore the amounts and interest rates, as well as the installment plan, are not the company's responsibility.

Firstly, SIM is a digital platform created in 2019 by the Santander group with the mission of offering a more accessible line of credit for those who need money quickly and without bureaucracy. So, the fintech has two types of loans: personal without collateral and personal with vehicle collateral. 

Well, in the SIM loan without collateral, the fintech offers the maximum amount of R$$ 30 thousand that can be paid in installments over up to 36 months. In the SIM loan with vehicle collateral, the amount can reach R$$ 150 thousand and the installments can be made over up to 60 months. Furthermore, in both modalities, the interest rates start at R$0.79% per month. 

This way, the entire process is done online through the SIM website or through the app, which you can find on the App Store or Google Play. Then, you just need to provide your CPF and complete a quick registration. Then, SIM analyzes your financial profile and offers the products that are available to you. Then, just make the request and wait for the credit analysis, which takes up to 3 business days. 

So, one of the most striking positive aspects of the Bom pra Crédito loan is that some financial institutions agree to provide a line of credit for those who have a negative credit history or cannot prove their income. Therefore, if you need money but have credit restrictions, this loan may be ideal for you.

Furthermore, the entire process is done online through the fintech website and with a single registration you have access to more than 30 financial institutions. All this without bureaucracy and from the comfort of your home.

Furthermore, the Bom pra Crédito loan offers payment in up to 120 installments via bank slip and its interest rates start from 0.75% per month, depending on your credit analysis. 

Initially, the main positive point of the SIM loan is the offer of two types of credit lines that can meet your financial needs very well. In this sense, the unsecured loan has a maximum limit of R$30,000 and can be paid in up to 36 installments. The value of the loan with vehicle collateral can reach up to R$150,000 and the installment plan is longer, up to 60 months.

In addition, the interest rates for both loans start at 0.79% per month and you can pay the first installment after 45 days of signing the agreement. It is worth noting that with a secured loan, you have twice the chance of being approved and the amount available can reach up to 90% of the value of your vehicle. 

Furthermore, the hiring process is done 100% through the digital platform and you can make payments via bank slip or direct debit if you are a Santander bank account holder.

Well, as a credit facilitator, Bom pra Crédito has no control over the amount that is made available to you, as well as the interest rates and number of installments. Therefore, depending on your credit analysis, the total effective cost of interest may be higher at the financial institution that offered you the loan than at a conventional bank. 

Furthermore, the fintech does not guarantee credit lines for those with negative credit and it is not possible to simulate the loan if you are not registered on the website.

So, despite offering several benefits for those seeking a line of credit without bureaucracy, the SIM loan has some negative points. In this sense, the fintech does not prevent those with restrictions on their name from making the request, but the credit analysis is rigorous and considers your score with Serasa, as well as notes in other credit protection agencies.

In addition, secured loans are also carefully designed and require certain prerequisites, such as having the car fully paid off and regularized. Furthermore, the vehicle cannot be more than 15 years old, and both the amount and the number of installments available to you will depend greatly on this factor. 

Without a doubt, the Bom pra Crédito loan and the SIM loan offer good advantages for those looking for a line of credit without bureaucracy.

In this sense, SIM is for you who prefer a direct relationship with the financial institution of your choice. Bom pra Crédito works very well if you still have doubts about which loan to choose and want to know other options available on the market. 

However, regardless of your choice, it is always important to remember that before applying for a line of credit, you need to assess whether you can make the installment payments without compromising your income.

But if you've come this far and you're still not sure about the Bom pra Crédito loan or the SIM loan, how about finding out about other options available on the market? So, check out our recommended content below!