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Well, of the information you should know about the Uber loan, the first concerns the interest rates agreed between the company and Digio, which, in this case, reach 2.97% per month. In addition, it is important that you know that the payment period is up to one year, that is, you must pay off your credit within that period.<\/p>\n<\/div>
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Still, another relevant data is that the payment will be different from the traditional lines of credit, in which the installments are monthly. This is because, as previously mentioned, the amounts can be withheld each week, accompanying the revenue stream for drivers and couriers. <\/p>\n<\/div>
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This weekly retention of earnings from drivers and couriers through the Uber application allows the interest rate to be one of the lowest in the market. After all, by paying the debt weekly, this will reduce the risk of the financial institution and, consequently, a lower interest rate can be offered. According to Banco Digio, the rate of 2.97% per month is lower than that charged on personal loans, except for payroll loans, but which is released only to a very limited audience \u2013 civil servants, retirees or pensioners.<\/p>\n<\/div>
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The weekly retention of earnings from drivers and couriers through the Uber application allows the interest rate to be one of the lowest in the market.<\/figcaption><\/figure>\n<\/div>\n
Unfortunately, the interest rate still cannot match the payroll, since, although Uber retains weekly earnings, the company will not provide any guarantee of payment to the financial institution. The reason for this is that she cannot control the fact whether the driver will remain working on the application or not and, if he leaves, the bank will not have the same guarantee as the payroll loan. Precisely for this reason, personal loan charges by Uber are slightly higher than what banks charge for payroll loans.<\/p>\n<\/div>
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Originality in the conception of the loan<\/h2>\n<\/div>\n
With the aim of attracting more than 5 million people and generating BRL 1 billion in personal loans per year by 2023, the Digio bank partnered with Uber precisely to generate customer loyalty. According to the superintendent of New Business at the financial institution, Eid Tayar, this personal credit model can be scaled and eventually reach other platforms for the intermediation of services by self-employed professionals.<\/p>\n<\/div>
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With the aim of attracting more than 5 million people by 2023, the Digio bank partnered with Uber precisely to generate customer loyalty.<\/figcaption><\/figure>\n<\/div>\n
Therefore, it is clear that this new line of credit, which corresponds to the Uber loan, is not only good for the application, but also for fintech. After all, this is a first scope, which, if successful, could apply to all profiles of service providers who have recurring receivables<\/p>\n<\/div>
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As for Uber, the initiative is part of a movement to try to expand the bond with its associates, as the dispute between application companies grows to have the preference of drivers and delivery people, who often work for more than one of them. simultaneously. Excellent idea, don't you agree?<\/p>\n<\/div>