Currently, there are several financial loan options on the market that allow you to obtain funds to pay your debts and open a business, among them we have the Santander property-secured loan.

But, to make your life easier, at Santander, you only need to provide a property as collateral to obtain high amounts of credit with fixed and reduced rates.

In this article, you will better understand how this loan works, as well as its advantages and disadvantages and whether it is the best option for you. Check it out!

Firstly, the Santander property-secured loan allows you to sell your paid-off property to the Santander institution and receive amounts starting at R$$30 thousand.

In this sense, it works as a type of guarantee in which you transfer the property to the institution, but you continue to have direct possession, that is, the use of the property while you are up to date with your loan and, once you pay off the credit, you regain full ownership of the property.

When you choose this option, your property will be evaluated by a third-party and specialized company that will evaluate the characteristics of the property to define the values.

It is important to highlight that you can simulate and sign up through the institution's website without needing to go to a Santander branch!

Your money will then be released within 5 business days after it has been received by the institution and registered at the notary's office. Once again, your property, whether a house or apartment, must be paid off.

Therefore, the Santander property-secured loan offers credit starting at R$1,000,000 or up to R$60,000,000 of the value of the property sold. However, the exact loan limit can only be verified at the time of simulation and contracting.

Among the advantages of Santander credit, you can use your paid-off property or that of third parties to apply for the loan.

In addition, you can commit up to 35% of your gross income and up to 60% of the property value. Furthermore, interest rates start at 0.95% per month and are fixed, meaning you don't need to worry about changes in IPCA and TR.

Among other advantages, you can also choose a month of the year to not pay the full installment and pay only the insurance premiums, in addition to being able to use the money to renovate your home, open a business or exchange it for a debt with lower rates.

In fact, you can earn an income without having to have family ties. This makes it much easier to borrow money, right?

Initially, you can use any property, house or apartment, to provide collateral for Santander, as long as it is paid off.

After that, the property will undergo an evaluation by a third-party company that will assess the property's conditions, address and other requirements to give the due value. Then, after registration at the notary's office, the amounts will be released to you.

At Santander, you will find a wide range of financial products with the quality that the institution guarantees for you, with security and transparency!

It is recommended for anyone who needs a financial loan to pay off a debt, pay bills, start a business, pay for studies or any other way to invest money. However, they cannot get one from other institutions, either due to high interest rates or other requirements.

This is because, as it is a loan secured by real estate, the credit analysis is usually less strict than for other financial loans.

This happens because the property is the guarantee that the person will pay off their financial obligations to the bank.

To get a loan secured by a Santander property, your property must be paid off. So, you go to the Santander website and run a simulation and wait for the institution to perform a credit analysis.

So, to find out the complete step-by-step guide on how to apply for a loan, click on the recommended content below!