Initially, the SIM Loan or Geru Loan are two loan options that are among the best on the market! In this regard, they have exclusive conditions for customers in order to offer a proposal to make their financial life easier!

So, to learn a little more about the pros and cons of these loans, we have brought a comparison for you to do an analysis! Check out!

So, the Sim loan is a totally online loan modality. That is, through the SIM website you can simulate and contract your loan!

And besides, it is an ideal loan for people with a dirty name, because, even if your name is restricted in credit bureaus, SIM accepts negatives.

It also has reduced interest rates, with an average rate of around 3.4% without any registration fee, as well as excellent conditions if you register a family member as a guarantor!

Therefore, Sim also has very interesting proposals for those who need fast money, safely, transparently and you can even have the money directly in your account in up to 3 business days!

Well, Geru's personal loan is a 100% online loan modality, with all practicality, as well as having the security you need and the amounts released in your account within 10 days after approval!

So, the entire procedure for applying for the loan, from comparison to contracting, can only be done through Geru's website, because Geru only provides credit online, without having to resort to a financial institution.

For this, it is necessary CPF, RG and proof of income of up to 60 days. This is because, for loans like this, only the most recent documents are accepted. And in addition, on the site you can make a comparison and simulation of values.

So, the SIM loan also has several advantages, including the fact that it is a completely online loan, that is, you can simulate and contract the credit directly through the SIM!

And besides, it has an interest rate of about 3.4% and the company does not charge any fees for registration!

It is also an ideal credit modality for negatives, because, even if your name is restricted, you can try to borrow from SIM!

And still at SIM, payments are facilitated, because you have up to 24 months to pay the loan installments.

That's because, if you pay the installments in advance, you can get great discounts on the installments when you settle the debt with the institution! Too much isn't it?

Therefore, the SIM loan has unique advantages for those who need quick money, safely and looking for discounts when paying the bills!

Well, the Geru loan also has several advantages, the first of which is that the loan amount can be from R$ 2,000.00 to R$ 50,000.00.

This means that, for those who need higher amounts to settle a debt or open a business, it is one of the best options on the market!

And in addition, you can pay the loan in 12 to 36 installments and the interest rates vary according to the client's financial history and other criteria of the institution!

Another advantage is that the time to release the money is up to 10 business days, and the process to apply for the loan can be done completely online!

Therefore, the Geru personal loan has all the security, convenience and high credit values for those who need it at the time of hiring!

So, one of the disadvantages of the SIM loan is the loan repayment terms, which are around 24 months.

This is because there are loans on the market that offer longer terms with lower interest rates, as is the case with the Geru loan!

Therefore, the SIM loan has several exclusive conditions, but the fact that it only has 24 months for payment that reaches R$25 thousand reais, may not be a good option!

So, it is recommended that you assess your financial situation before hiring!

Well, one of the biggest disadvantages of this loan is that it takes about 10 business days to be released after approval.

That's because there are several personal loans on the market that have quick release, even hours after loan approval!

So, if you are in urgent need of money, it may not be a good alternative!

Furthermore, the interest varies according to several factors, and can reach 9.05% per month. That is, without a well-organized financial structure, this loan may end up causing you more problems than solutions!

Another disadvantage is that the company requires a minimum income of R$ 3,000.00, thus reducing the number of people who can access credit!

Therefore, the Geru personal loan can be a great option to get credit, but it is not as affordable as other loans on the market!

Well then, the SIM Loan or Geru Two Loan are two loan options that have all the credibility, transparency, ease and accessibility that these financial institutions offer to their customers!

Therefore, make an analysis of the loans that are available to you in the market and see which one is the best option for you! And if you still have doubts, see a recommended content below about personal loans that we brought!