The online Sim loan can be a good credit option for those who have difficulty obtaining a loan, but need the money now to complete their projects.

Sim is a fintech of Grupo Santander that was born to facilitate access to credit. To do this, they work by offering three credit options with good payment terms!

When making a Sim loan online, you can access a credit made for your financial profile, so that you can pay it off without turning into a debt.

If you want to know more about the Sim loan online and how it works, just check the post below where we separate the main information about this company that offers great loans.

Namely, Sim works by offering the public three different ways of accessing credit.

They were created to ensure that the public could access the money they need without breaking their budget.

For this, today fintech works with unsecured and secured loans and also the anticipation of the birthday withdrawal of its guarantee fund. Next, you know each of them in more detail.

Sim's unsecured loan is a personal loan that is ideal for those who need to access money quickly without dealing with bureaucracy.

Namely, Sim can release the credit amount in your account within 24 working hours after the request. And the best part is that you can receive it in the bank of your choice.

This way, you can quickly access credit to take care of some unforeseen budget expense or to help pay the monthly bills.

Applying for this Sim loan online is done completely online and you can see more details about the process in the post below!

In this online Sim loan you can access credit with up to 40% reduction in your interest rate.

As the loan uses your vehicle as a payment guarantee, it is possible to access more flexible terms for you. And the best part is that you get to use your car normally for the duration of the lease.

As with the previous option, the loan application is made online and you receive the money within 24 hours after signing the contract.

Finally, the last type of credit that the Sim loan online has is the anticipation of its guarantee fund.

From there, you can access your birthday withdrawal in advance and receive the money in your preferred bank.

In addition, the money quickly falls into the account and those who are negative also manage to be approved for this credit.

In the following post, you will find out how hiring this online Sim loan modality works. 

Namely, how an online Sim loan works is very simple, but it will vary depending on the type of credit chosen.

Therefore, the loan starts in the credit simulation, where from the fintech website you can see if it is possible to borrow the amount you want.

That way, after doing the simulation, you can now apply for the loan and send the documents for the credit profile analysis.

If approved, just sign the contract and wait for the money to fall into the account. But, if you opted for the collateral loan, you may have a step to carry out the inspection of your vehicle.

At first, as fintech works with three different types of loan, each of them has different conditions for those who hire it.

Therefore, those applying for Sim's unsecured personal loan can access rates from 2,83% per month. In addition, it is possible to pay in 36 installments and pay the first installment within 45 days.

As for the secured loan, it is possible to pay it in 60 installments and access an interest rate that starts from 1.20% per month.

Finally, the anticipation of the guarantee fund allows you to access interest from 1.89% per month and pay your loan in one installment, automatically charged once in the year of your FGTS.

As the online Sim loan works with different types of credit, the amount to be released by each one of them will also be different. Thus, the limit they can release is:

Thus, knowing the limits that each loan releases, it is easier to know which one you need to apply for your goal.

Many people may have doubts whether it is really a good idea to take out the Sim loan online. 

After all, despite being a fintech of a large and consolidated group, it still has a few years of existence, which can make people take a step back before applying.

In this way, you need to analyze the positive and negative points of this loan to find out if it is a good option for you.

In summary, the Sim loan online offers several very interesting and attractive advantages. Starting with the fact that it is fully digital and without much bureaucracy, which allows the release to happen quickly.

In addition, fintech does not require the applicant to have an account created at a specific bank. Thus, you can receive your loan at any bank you want.

Finally, all loans that the company offers can have their first payment made within 45 days. Thus, you have a break when you take out the loan.

As negative points of the loan, we can highlight the fact that in the FGTS prepayment modality, fintech only allows prepaying 1 installment of the fund.

Nowadays it is easy to find other banks that offer from 7 installments of guarantee fund advance, which makes Sim's option not so attractive.

In short, to be able to carry out a Sim loan online, you need to access the website and do a simulation to start the hiring process.

After that, you can send your personal data and that of your vehicle, in the case of a secured loan, for the institution to analyze and see if it will approve the release of the credit.

For more details on how this operation works, see the complete step-by-step guide on how to apply for a Sim loan online in the following post.