Searching for the ideal loan can be a daunting task. It is very important to pay attention to all conditions and interest rates. That way, you find the best option for your financial reality. In today's article, we are going to compare the pros and cons of two loans: Condor and Mercado Pago. Read on to find out which one to choose!

Initially, the Condor loan works in the form of payroll loans. That is, it is a line of credit designed for INSS retirees and pensioners. Therefore, the conditions are a little different and have much lower interest rates.

In this way, Condor entered into a partnership with Cetelem. That is, your money is guaranteed to be safe. In addition, you can apply for the loan 100% digitally, directly via WhatsApp. In addition, you can also apply over the phone or by going to the stores in person.

You can use the credit however you like. Also, if you already have a loan in progress, you can transfer it to Condor. However, the old loan amounts cannot be greater than the new amount.

Initially, it is worth noting that Mercado Pago offers three types of loans. So, all three have their advantages and disadvantages. See the details:

At first glance, credit in fixed installments is the simplest form of Mercado Pago. But it is also the one that needs the most investment. That's because the bank lends up to R$500 thousand and you choose the value of the fixed installments. That is, if you have some other type of income coming in, it could be a great option.

For those who are still growing and need a more controlled loan, this could be a good one. With sales percentage credit, you pay automatically when you sell. That is, just stipulate the amount you need in the app and then choose the percentage of sales. The debt is automatically debited for each sale you make.

In this way, credit with a percentage of sales is a good option for not worrying about installments. Therefore, you do not need to invoice a certain amount every month, just make your sales. However, it is recommended that you already have a certain sales constancy.

In addition, as in the other modality, Mercado Pago can lend up to R$500 thousand.

Finally, the express money modality exists mainly for emergencies. That's because Mercado Pago lends up to R$50 thousand, but asks for it back within 21 days. Therefore, you can only request again after your sales flow remains constant.

In addition, to request this modality, you must already have a credit available in the application. Normally this offer is valid for only one month. After this period, the bank performs a new credit analysis to offer a new amount. 

In this way, Mercado Pago sends you the available amount and also the interest rates. Incidentally, the process is 100% transparent. Therefore, the bank will not charge you any extra fees or administrative expenses.

Finally, it is worth remembering that only Mercado Livre sellers or who use Mercado Pago can apply for a loan. In addition, you must have already sold for two months on the platforms.

In short, the main advantage of the Condor loan is to make the loan digitally and securely. In addition, this line of payroll-deductible credit has a few more advantages. Check it out:

Therefore, the Condor payroll loan can be a great option for INSS retirees and pensioners.

The Mercado Pago loan, on the other hand, is a great option for those who already sell through the platform. That's because by selling there, you already create a better relationship with the bank. That way, the institution can offer you lower rates and better conditions as well. 

Moreover, the possibility of choosing between three modalities helps you not to get into debt. Mainly because you can plan before applying for the loan.

First, the main disadvantage is the fact that it is a payroll loan. That is, only INSS retirees or pensioners can apply for credit. But in some cases, it is also possible to apply as a public servant. It is up to negotiation with each institution.

In general, the main disadvantage of the Mercado Pago loan is the fact that it is exclusive to merchants on the platform. That is, if you don't sell through Mercado Pago, you still can't apply for your credit. 

Finally, both loans have advantages and disadvantages. However, the main difference is between the target audience of each. That's because Condor is specific for INSS retirees and pensioners. Mercado Pago, on the other hand, was created specifically for those who sell on the platforms. 

So, now that you already know two types of loan, we separate two more for you to compare and decide. So, check out the recommended content below.