When the money is short and the bills start to knock on the door, you can opt for the loan with check . This type of negotiation consists of you filling out your own check, giving it to the institution, which will release the balance within 24 hours.
But, how am I going to do it if I don't have money? It's simple! With the personal loan with check , you will fill them out post-dated, with payment established according to the rules of the providing institution, which can be 30, 45, 60, 90 days, and so on.
Thus, you will have the money immediately, being able to pay off all your debts immediately, but postponing the payment for a period of up to 3 months. This type of financing can be made available by banks or financial companies.People involved in the loan
If you've been researching the subject, and found some terms in your searches, let's clarify:
→ Issuer: is the person who will carry out the loan process. Usually, the employee of the bank or financial institution involved. → Withdrawn: is a bank or financial company involved in the process, which makes the credit available and who will be responsible for collections. → Beneficiary: is the person who will give your check and receive the credit issued by the drawer. Also, you will be responsible for debt and payment.How are check loans different from other loans?
The main difference with other loans is the ease and speed with which it is made. This is partly due to the fact that the financing is guaranteed by the financier himself, since the checks must be issued in his name.
Also, another facility is regarding the release of the credit, which will be released within 24 hours after the request.The bad Credit loans from direct lenders no credit check
Other differences refer to the form of payment of the debt, payment term, interest rate, possibility of using a third party check for financing (in cases where the customer has a dirty name), and much more.
The advantages of this type of financing are numerous. Below, we will list some of them:
→ Lower interest than conventional financing; → Possibility to release a credit greater than normal: this is due to the guarantee of checks; → Ease of payment: unlike other loans, you will not need to generate payment slips and pay them in receivers. The debt will be debited from your account on the established date, as the check given is yours. → Possibility of contracting the service even with a dirty name: even if your name is dirty, you can present checks from someone who has a clean name and regular CPF, and thus, you will have the credit released on the spot; → Immediate release of money: after delivery of the checks, the required money will fall into your account within 24 hours; → In some banks, you can split your debt up to 24 times.
The difference with the check loan is the ease of carrying it out. But be careful! Only do this if you have the guarantee in the future that you will have the money to pay the debt.
While ease can be a positive, it becomes negative, when people constantly seek the benefit without any guarantee. That is why the default rates in this type of loans are only growing.Possibility of simulation
There are some websites of financial companies that allow online simulation. You can enter the amount to be borrowed, and the number of installments you want to pay, and thus, interest and other possibilities and fees will be calculated.
It is important to consult this type of resource, to know the rates of each bank and / or institution, the possibility of payment, and much more. In addition, it will facilitate your service when it arrives at the financial institution.What are the conditions for financing?
There are some criteria, which may vary from institution to institution, so that you can make the loan by check:
→ Having an account open for more than 6 months, and preferably in the same place as the checks; → Have a clean name and regular CPF; → If you have a dirty name, you can use a third party check (some institutions accept this method), as long as it has a clean name and a suitable CPF.
Depending on the company, these requirements may be greater or lesser. For more information, consult the company that will be hired.How to apply for a loan by check?
Given the previous requirements, you must go to a financial institution that makes the service available, with signed checks, for negotiation.
After closing the contract and establishing the interest, the checks will fall into your account on the agreed date, and you should have the debt balance available. Otherwise, there will be protest, and you may be left with your dirty name.
In the case of a loan with a third party check, the procedure will be the same, but remember that you become responsible for the debt, and you must also appreciate the name of the person who did you a favor.Additional expenses
In addition to conventional interest rates, it is common for institutions to insert some values on financing. This may vary depending on the contract, but it is essential that you know so as not to be surprised.
1. TAC: credit opening rate. In some cases, it can reach more than 5% of the total amount financed; therefore, it is important to question any value too much. 2. IOF: tax on financial transactions. This fee is fixed, and must always be paid. 3. Insurance: may undergo modifications according to the insittution. 4. Savings bonds. It is a “programmed” savings: you will pay a monthly fee, and you can redeem it at the end of the month.Institutions offering the service
Ibi, Portocred, Bom Pra Crédito, BV Financeira, NiponCred, EgonCred, MasterCred, Banco Cacique, Caixa Econômica Federal, Banco do Brasil, Santander, HSBC, Itaú, Bradesco, and many others.
Before hiring the service, do a market research and find out what are the lowest rates and best plans to be hired!