The age of dreams for young people has always been to turn 18. Thus, older age brings with it social and financial responsibilities in addition to impulsiveness for the realization of dreams. In this sense, the youth loan can be a great ally.

That's because the loan can help pay for studies, exchange or even open a business and start life. So, read the content until the end to learn more!

First, young people need to compare the loan options available at banks, because the requirements and proposals change from one institution to another, for example, with respect to minimum income, assets or business plan.

And in addition, make an analysis of the advantages and disadvantages of each loan, as well as interest rates and CET - Total Effective Cost of the proposal, and also analyze your financial life to ensure that you will be able to pay the installments and not be in default .

In this sense, look for lines and financial institutions that are suitable for your current moment in life and that are safe and practical.

It's important to know well what each line of credit offers so that you don't have surprises along the way while paying your loan installments.

And in addition, you also need to carefully analyze the advantages and disadvantages of each one in addition to your current financial situation before making your choice.

Now, let's get to know the best loan options. Check out!

Initially, the personal loan is a line of credit for individuals and is also available to young people.

In this sense, it is offered by major banks and is often requested by those who need quick cash and cannot offer any collateral.

On the other hand, it has high interest rates compared to other lines of credit.

Housing credit is also a good option for young people.

For example, Minha Casa Minha Vida and banks' own housing credit lines usually set the minimum age of 18 to be able to apply for housing credit.

It is important to highlight that proof of income will also be required, but the conditions are much more attractive.

Thirdly, we can mention the loan with property guarantee, which is another type of credit line with a minimum age of 18 years.

In this sense, the loan with property guarantee works like this: You give a property as guarantee of payment to the financial institution. Incidentally, this will be one of the biggest difficulties for the young person: having a property paid off in his name.

Thus, by giving the property as collateral, the most attractive interest rates and the highest credit limit, the young person can use the loan to renovate a house or open a business.

We still have the loan with vehicle guarantee in which you need to give the vehicle as a guarantee of payment.

Thus, you also have better interest rates and credit conditions and you can still get up to 90% of the asset's appraised value.

There is also the payroll loan that can also be used by young people. But, it is necessary to have a salary or retirement benefit that can be consigned.

In this sense, if your company has an agreement with a financial institution, just consult the conditions, so the discount is made directly on your payroll as a guarantee that there will be no default.

Also, there is a loan for young farmers which is the Pronaf Jovem – National Program for Strengthening Family Agriculture and is aimed at young farmers aged between 16 and 29 years.

In this sense, it was created by the Federal Government and its operationalization is by BNDES in the form of indirect financing.

That is, in order for you to apply for the loan, you need to go to a registered financing partner so that you can negotiate.

In order to take out the loan, it is necessary to present an active Pronaf Aptitude Declaration (DAP) and to have completed or attended the last year in: rural family centers for alternating training, which comply with the legislation in force or secondary agricultural technical schools or, also, for over a year, a course in agricultural or veterinary sciences at a higher education institution, which complies with the legislation in force.

Incidentally, the maximum funding is R$16.5 thousand.

Then, there is the loan for young entrepreneurs which is the National Program of Oriented Productive Microcredit that was created by the Government.

In this sense, you should look for banks authorized to operate this line of credit.

In the case of the university loan, it is a line of credit also available to young people, but it can also be used by older people to finance the first or all of the course fees.

For example, FIES and Pravaler.

Finally, you can also count on a credit card for young people that also works as a form of loan and is offered by several financial institutions. By the way, there are even university accounts.

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