The doubt of many people is whether a personal loan for negative credit is possible. After all, it is understood that when someone finds himself with a dirty name, he is prevented from having access to new financial services.

However, many consumers need an amount precisely to settle active debts in their name. At that moment, it becomes difficult to find opportunities that meet your needs.

Realizing that many people have this doubt, we have therefore prepared this post with all the information you need about loans for negatives. Here, we will show if it exists, how to apply, what are the fees and payment methods, among others. So, if you want to know more, follow along until the end!

In recent years, the number of debtors and consumers who are unable to pay their debts and end up with a bad name has grown. On average, 30% of the economically active population is negative.

Therefore, the search for personal loans increases daily. Some want to invest to increase their income, others want to clear their name, but they all have one obstacle in common: Negative credit.

However, if you are among these people, know that yes, there is a personal loan for bad credit. They can be requested through serious companies that work with personal credit.

Some companies specialize in providing this type of credit, even if the customer is negative. However, higher interest rates are applied due to non-payment history and different conditions.

Currently, there are numerous types of contracts and companies you can apply for. Therefore, understanding exactly how it works and knowing options available in the market, with their advantages, fees and payment methods is essential.

Credit lines for those with a dirty name work like any other credit available on the market. In general, the consumer requests, receives the amount, then pays the amount in installments together with the interest used.

Therefore, the interest rate serves as a remuneration to the institution that provided you with the service. It is at this moment that we find a different one among the loans for those with a clean name. This is because, the interest in the negative situation is higher, since the company runs more risks by analyzing the customer's payment history.

However, even with high interest rates, credit provided to negative credit is easier than that of broad competition, precisely because it is for a select public, generating less competition.

It is important to understand that loans given to people with a negative name have different requirements than ordinary loans. This is because companies need some guarantee, so below we will explain each type of this service.

The companies that provide this service multiply every day due to such demand. So, check out some of them:

You must be wondering what kind of loan is this that helps consumers who have a history of not paying debt, right? Well, know that there is more than one type, fitting each customer profile.

If you are negative and are looking for a loan option to help you put your financial life in order and get out of the red, then carefully read the topics below. See which one fits you best!

The first and most well-known type of loan for negatives is the payroll loan. In this case, the payment is linked to the INSS benefit or the payroll.

It is therefore the easiest way to be approved, as the installments are deducted directly from the customer's payroll. Therefore, the chances of default are almost zero.

This credit format serves retirees, pensioners, municipal, state and federal civil servants and other people who have a stable income.

Those who wish to apply for a payroll loan can then, by determination of the Federal Government, commit up to 35% of income. That is, if a beneficiary receives R$ 2000 monthly, his loan may be an amount that allows installments of a maximum of R$ 700.

This measure is a way to protect those who are applying for credit and also increase the possibilities of the bank to receive the borrowed amount.

The personal loan for negative collateral, as the name says, serves for the customer to offer good as guarantee of payment. Therefore, if payment is not made, within the terms of the contract, the good is used to settle the debt.

Two types of guarantees fit here.

Property guarantee: It is possible to use your house, apartment or business as a guarantee in case the payment is not made, being mentioned in the contract.

In that case, the property needs to be paid off and can be sold, but the buyer needs to use part of the money to pay off the debt he owes. Only then is the sale released.

Warranty with vehicle: To use a vehicle as collateral, it also needs to be paid off. In addition, it needs to be worth equally or even more than the amount obtained on the loan.

In both possibilities of guarantee the interest is lower, after all they guarantee that the payment will be made.

There is also the possibility of a negative personal loan for a negative self-employed person, however, you must know that it is not an easy task.

This is because, not being able to prove income, it made it a little more difficult for banks to accept your contract. So there are 3 ways to get an approval.

1 – Attach the bank statement with transactions, so you can prove that money comes in and goes out of your account.

2 – Open a CNP, even as a MEI, so that an accountant can make a declaration of your monthly income, so you can get a personal loan for negatives.

3 – Another option is also to refinance a property, so you get the money and guarantee payment.

Applying for a negative personal loan can be easier than you might think. But, it's important to know that, each company has its rules and standards. So, to apply it is interesting to know a little about how to apply, let's name a few.

Company with more than 6 years of experience in Brazil. Its aim is to make online lending even easier. Therefore, already collaboration for the granting of more than R$ 45 million in personal credit.

To apply, simply:

Once approved, you will need to sign the contract. That done, then, just wait for the amount to drop into the bank account!

It is something like a credit shopping. So, it promotes the encounter between those who need the value, to whom it can grant it.

To apply, follow these steps:

This company offers diversified proposals to customers. Therefore, it has greater ease in credit approval.

To apply you need to send for analysis:

So, just wait for the credit analysis and the company's response with whether or not your credit is approved!

One of the oldest in the sector, Crefisa has been promoting credit to retirees, pensioners and civil servants for over 50 years in Brazil. The request can be made in person or online by following these steps:

About this institution, an important tip is that the bank statement needs to be explicit that the monthly amount received is salary. Thus, then, the chances of approval are greater.

PAN bank is well known for its services. Among them, then, there is credit for negative people. With this company, you need to show what you really need and what you intend to do. The PAN bank is therefore very humanized.

To apply you must:

In addition to those mentioned, there are many other bank options that offer this credit. Therefore, if you do not identify with any, it is possible to seek opportunities with different institutions.

Remember that each institution has its own form if you request it. Some have in-person service, others only virtual, but what they all have in common is the need for something that gives them security regarding their payment.

So, before applying, check if you have one of the requirements mentioned above in the types of loans for people with a dirty name. Thus, you don't waste time and run after what's missing to suit the requirements.

Fees, interest and payment methods? Hey? So we come to one of the most important parts when considering a bad debt personal loan. That's because these factors can directly influence your finances in a positive or negative way in the future.

At the beginning, we mentioned that due to the risk offered to companies with a negative loan, the interest is higher than a conventional loan. Now, let's show you how the rates work to compare and choose the best one for you.

Therefore, it is worth mentioning that each company has its margins and they can be updated at any time of the year. Therefore, here we will show you a statement, but it is important to confirm the current table with each company when applying.

A good tip is to analyze the CTE (Total Effective Cost) before applying for the loan. This is because it contains all the fees and charges used in your contract.

PAN Bank

The rates used by PAN bank and their conditions are:

Crefisa

Crefisa needs the analysis to establish some fees, so check out the general conditions for loans:

Simplify

Simplic works with the following rates:

BMG Bank

BMG bank, one of the most well-known, then applies the following rates:

How much new information isn't it? You probably didn't know that there were so many negative personal loan options. So now, with this content, you can look for the best way to get credit and improve your finances.

Remember to therefore compare rates, installment payments, conditions and whether you meet the requirements to apply for that type of credit. Therefore, the chances of getting into a wrong option is very low. So now it's up to you!