Santander is a financial institution that works with various financial products, including loans, credit cards, among others. Thus, the institution seeks to offer customized products to customers. With that in mind, Santander created the ideal payroll loan for public and private employees. But, is the Santander payroll loan safe?

In addition, to know this information and also better understand how this type of credit works, continue reading.

The Santander payroll loan is indicated for INSS retirees and pensioners and civil servants, so if you fall into this category of people, you can apply for the loan.

In this sense, it is indicated for individuals, where the installments are automatically deducted every month directly from the social security benefit or salary.

That way, to gain access, all you have to do is install the application and follow the instructions to do the simulation that will be subject to approval!

Among the advantages that the payroll loan offers are the loan application that is online, that is, you do not need to go to a Santander branch to apply.

And in addition, you can apply even if it is negative, as the installment is deducted directly from the payroll and the institution understands this as a guarantee that you will honor your commitment, in addition to not running the risk of default.

Also, the payment term for Santander account holders is up to 144 months, but even if you are not an account holder, you can also apply for the loan and you also have personalized rates that vary according to the simulation of each client.

And in addition, Santander also offers portability with different rates if you already have a payroll loan at another institution. Thus, you can also request a refinancing of your Santander loan and receive a longer term to pay the debt in case of unforeseen circumstances.

Unfortunately, Santander does not inform the time for releasing the credit online. As it is a personalized loan, the time varies according to each client, but according to the institution, the release time does not usually take long.

So, the interest rates on the Santander payroll loan are among the lowest and most attractive on the market, because they are customized and vary according to the amount and term requested.

This means that, in order to find out your rate, you must simulate hiring in the Santander application or website.

In this way, you will be able to find out the interest rates for your payroll loan and the proposal that the institution has for you.

Yes. Now that you know how this type of credit works, you can hire without any problems because it is a reputable institution in which all your data passed on to the institution are protected and will not be passed on to third parties.

Furthermore, Santander does not request any type of advance payment, commission or transfer of amounts to third parties at the time you are contracting the loan, nor does it ask for a signature on any document other than the contract relating to the granting of the loan. requested credit.

That way, if you identify any improper practices, just contact the Customer Service. Thus, the payroll loan has all the security and practicality that are precepts of the institution.