Do you know what a bank loan is? It is nothing more than a line of credit, in which it is not necessary to prove the use of money and payments are made through pre-dated checks.

Incidentally, only employees of banks, or institutions that work registered or public tendered in the case of employees of Banco do Brasil or Caixa can apply for this type of loan. Want to know more information about? Check out!

Despite having several advantages taking out the loan at the bank where you are a collaborator, there are other lines of credit on the market that can also be very advantageous.

Check out the available options below!

Initially, the personal bank loan is a line of credit available to individuals and to anyone looking for quick cash.

Incidentally, it is a line of credit that may or may not require a payment guarantee, but it may not pay off, as interest rates are usually high.

In this sense, to apply you need valid documents, such as RG and CPF, be over 18 years old and reside in Brazil.

Therefore, you should resort to a financial institution and make the comparison with other institutions because the loan conditions change.

In this way, you can use the loan to pay off one or more debts and also to renovate the house or even make investments for business or emergencies.

Now, let's get to know the consignment. In payroll, the installments are deducted directly from the account holder's salary or retirement, that is, part of the income is compromised even before the money arrives in the account holder's account.

In this sense, this loan model is more viable for the bank, as it runs less risk of default.

Thus, it is also one of the cheapest and most accessible lines of credit on the market, intended for those who work with a formal contract, retirees and INSS pensioners, as well as civil servants who can easily use the loan.

In the loan with property guarantee, the conditions change a little in relation to other loans, because the account holder starts to offer a guarantee of payment to the bank.

Thus, the financial institution offering the credit uses the property of the borrower as a payment guarantee.

In practice, this means that if the contractor fails to pay the installments, the bank can take the property.

As with the property guarantee, the vehicle secured loan works the same way.

That is, when signing the contract, the contractor gives the vehicle as payment guarantee and if he does not honor the commitment, making the payment of the installments, the financial institution may take the vehicle given as guarantee.

It is important to highlight that both the property and the vehicle will undergo a prior analysis by the institution to see the conditions of each one of them.

To answer this question, you need to understand that it will depend on the line of credit you are applying for.

But, in the vast majority, you will need documents such as RG and CPF, proof of income and proof of residence.

In the case of the payroll loan, you need to show your payroll or benefit.

But, in the case of that given in guarantee, the documents of the vehicle or property will be requested, for example, depending on the credit line used.

To apply for a bank loan, first of all, you must plan to check which installments fit in your budget, so we recommend not committing more than 30% of your income.

After that, do a credit simulation at a specific financial institution and calculate the interest rates that are included in the installments.

Then, understand what are the loan payment methods, for example, payroll, secured or personal.

So, all you have to do is apply. So, wait for the credit analysis and after the credit is approved, just sign the contract and wait for the transfer of values. For more content like this, click on the recommended content below.