loans
How to Apply for a Secured Car Loan Yes
The application for a loan with a car guarantee is done entirely online, including the inspection of your vehicle! This way, you can take out a loan without bureaucracy and receive the money quickly in your account. Find out more here.
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Completely online application and money in your account within 3 days
The loan with car collateral Sim is an interesting option for those who have a vehicle and want to access a larger credit with good conditions.
Only with this loan option can you access low interest rates and up to 60 months to pay off the loan!
And the best part is that the loan can be requested entirely online, where even the vehicle inspection can be done through the financial institution's digital channels.
If you liked the Sim car loan and want to apply for yours, stay with us in this article and understand below how applying for this credit works.
Order online
To apply for a Sim car loan online, you just need to access the financial institution’s website and click on the “Login” button. By doing so, you will be redirected to the login page for your Sim account.
If you don't have one, you can register on the same page. Once you have done this, you can simulate the loan amount and send your personal data and vehicle documents.
This way, the institution will be able to inspect the vehicle and offer you a credit offer.
Once you accept it, you just need to sign the loan agreement to formalize the action and go to the DMV where your vehicle is registered to reissue the document.
Request via phone
At the moment, it is not possible to obtain a loan with a Sim car guarantee via a phone call. The only available channels are the website and the app.
Request by app
Finally, you can also apply for a loan with a car guarantee via the app.
Here the process is simple and works the same way as on the website. Therefore, you must first download the app and access your account.
Then just simulate the credit, send your personal data and vehicle documents so that the inspection can be carried out.
Once this is done, simply accept the offer that Sim offers after analysis and continue signing the contract.
Loan secured by a car Sim or loan secured by a car BMG: which one to choose?
As much as the Sim loan offers great advantages, there are also other loan options that you can apply for with a car as collateral.
One of them is the BMG car loan, where you access around 12.5% in interest per year and still have up to 60 months to pay.
Therefore, if you liked the features of the BMG bank's car loan, check out the post below to find out how to apply!
Loan with car guarantee Yes | Loan with car guarantee BMG | |
Minimum Income | not informed | not informed |
Interest rate | From 1,20% per month | 12.5% per year |
Deadline to pay | 60 months | 60 months |
Where to use the credit | As you wish | As you wish |
Benefits | Process 100% online Up to 45 days to start paying reduced interest | Lower interest rates 60 months to pay Simple process |
About the author / Leticia Jordan
Reviewed by / Junior Aguiar
Senior Editor
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