As another form of purchase, the Magalu consortium is there to make life easier for many people who want to escape the high interest rates on their credit card.

Therefore, the great advantage of the consortium is that you can buy movable, immovable or services, in a shared way and without paying interest. All this and much more is possible to find in the Magalu consortium.

Thus, with more than 20 years in the market and 340,000 goods delivered, the Magalu consortium brings unmissable opportunities for everyone.

After this time of operation, Magalu, as a consortium administrator, grew and modernized itself more and more until reaching the national level with thousands of branches spread throughout the Brazilian territory.

In this article we will give you all the necessary information so that you know everything about the consortium and hire it right now. Stay tuned for the information below!

As we mentioned before, the Magalu consortium is based on the formation of groups of people with the same interests who make monthly payments to acquire their assets.

Therefore, once the groups are formed, each month a consortium member is randomly chosen to receive the property that he had informed at the time of hiring.

Also, a curiosity that some people don't know is that in the consortium you are not obliged to buy exclusively the reference property.

However, instead, the recipient of the month receives a letter of credit to buy the house, apartment or land they want.

But stay tuned, because you are only entitled to receive the contemplation that you are paying the monthly fees correctly. In addition, contemplation can be via draw or fixed bid.

According to official information, Magalu does not make the maximum value of the consortium explicit, but we know that the consortium member can buy real estate or land with the value. This means that these are not low amounts. 

The Magalu consortium has the following advantages:

Opting to acquire their dream home with the Magalu real estate consortium, those interested can choose between groups lasting 50 to 240 months.

Furthermore, we already know that Magalu does not charge any interest and its management fee ranges from 14% to 24%. There are groups of linear installments, half installments or reduced and the amount of the monthly payment always varies according to the term and credit that the consortium member has chosen.

All people who have the objective of making a dream come true, whether material or immaterial, can go after hiring the Magalu consortium. This is because there are no restrictions for hiring this service.

To enter the Magalu consortium, the process is very simple, just enter the Magalu website and perform a simulation, in the foreground. After that, the system itself will indicate the steps to follow to hire the plan that is most ideal for your financial profile.

Finally, after reading the contract and terms, you will enter the plan for good and receive the schedule of the installments that need to be up to date for contemplation.

Also, did you like this text? We hope so. So, to learn more about how to apply for the Magalu consortium, just access our recommended content below.