Many people who have their own vehicle and need to access more money, usually sell their car to get it. But, there is a type of credit, the loan with BMG vehicle guarantee, which you can take out and keep your car.

This modality allows you to access credits by placing your car as payment guarantee.

And the best part is that, even if you combine your vehicle with the loan, the asset remains with you so that you can use it normally in your day to day life until you pay off the loan.

Therefore, if you liked this option and want to know more about this financial product, just continue with us in this post!

In summary, the way a loan with a vehicle guarantee from BMG bank works is very simple.

In this way, when applying for this credit, you will be offering your car as a payment guarantee in case you are unable to pay the debt in the future.

Thus, in doing so, it is possible to access higher credit amounts and low interest rates, as the bank feels more confident to offer better loan conditions when there is a guarantee.

Thus, when contracting this financial product, the vehicle becomes the property of the bank for the duration of the loan. But, you can continue using it normally in your everyday life. So, when you finish paying off the debt, the car goes back to your name.

First of all, it is essential to know how much credit BMG bank can release for you when making your loan with a vehicle guarantee.

In this sense, the BMG bank does not disclose a maximum loan amount that you can access. Therefore, the amount of credit you will receive from BMG bank will depend solely on the analysis carried out on your credit profile.

Firstly, a great advantage of taking out the loan with a vehicle guarantee from the BMG bank is the fact that the person has a better chance of being approved, even with a negative CPF.

In addition, taking out the loan can be done completely online and allows you to settle the amount in up to 60 months.

Finally, the secured loan is known to be an option with more attractive interest rates, which helps you not to develop a large debt in the future.

To find out if you are getting a good loan guaranteed by BMG, it is essential to know its main features.

Therefore, the BMG loan has interest starting at 12.5% per year and can be repaid in up to 60 months.

Regarding the credit value, it is possible to access high values, but they are subject to credit analysis and the condition of your vehicle.

In this way, depending on your financial history and the general conditions of your asset, it is possible to reach higher values than indicated.

In short, the loan guaranteed by BMG can be applied for by anyone who is over 18 years old and has a vehicle in their name.

So, here it is important to note that for the vehicle to be accepted it must be up to 15 years old. In this way, older cars may not be accepted as a form of warranty.

Namely, the BMG secured car loan can accept cars that are not yet paid off. But this is something that could influence the amount of credit and interest applied.

The loan with BMG vehicle guarantee can be an interesting option for those who want to access credit with low interest rates.

Therefore, if you liked this option and want to apply for it, check out in the post below how the process to apply for this credit works.