You have probably come across the situation of wanting to realize a dream or even solve an urgent financial problem and simply not having the financial capacity to do so. In such cases, one possible way out is to take out a loan, which allows you to settle whatever your issue is. The Federal Savings Bank, for example, is one of the banks that offer a wide range of loans for all tastes and pockets. Need extra money? Then check out the definitive guide to the loan at Cashier
Personal Credit Box
Personal Cash Credit is the main type of personal credit offered by the bank and has different options for specific cases. Therefore, it is one of the most versatile alternatives, which increases the chances of finding the right option for you.
The great advantage of this type of loan is that it can be used as you wish, in addition to having a variety of installment options. On the other hand, the main disadvantage lies in the fact that the loan is provided by its repayment capacity, which may mean that the amount is not exactly what it needs.
Also, before closing any loans, make a comparison with lines of other institutions. Remember that within Robin Hood can simulate loans in various partner institutions, such as Just.
The Cashline Credit is a type of loan used to pay for the purchase of specific services or products, such as appliances or computers. Payment is made monthly with slips or by direct debit to your Cashier account.
Advantages include not having to be a cash customer and being able to fully fund the purchase within 24 months. As for the disadvantages are the maximum value of $ 10,000 and the fact that purchases can only be made in affiliated establishments.
Anticipation of the 13th Salary
Labor law, the thirteenth salary is an important complement to many people’s income. As is usually paid at the end of the year, there are those who need this money in advance. With that in mind, Cash offers a loan that consists of an anticipation of this salary.
As an advantage, this type of loan is quite simple and gets straight into the account, as well as having the payment guarantee when the 13th falls. On the other hand, disadvantages include the fact that you must be employed for at least 12 months in your current job or be retired by the INSS and necessarily receive your benefit in a Cash account.
The auto loan type loan already works as a refinancing of vehicles. This means that if you own a car, you can give it as a guarantee and receive part of its appraised value to use as you wish.
Being able to pay the installment up to 48 times and being able to opt into the debit account are important advantages, as the freedom to use the money. Disadvantages include the fact that cars older than 5 years of manufacture or with restrictions on DETRAN cannot be backed up. In addition, the value corresponds to a maximum of 70% of the value of the vehicle, and non-payment implies the loss of the car.
Own Property Credit
If you have a property and wish to repurchase it, you can opt for a specific loan from the Box: the Own Property Credit. With this credit, it is possible to make any desired improvements to the property independently.
In addition to the free use of money, the advantages include the term of up to 240 months to pay and the collection of decreasing installments. It is also possible to request from $ 20 thousand up to 60% of the property value.
The main disadvantage, however, lies in the fact that this loan is granted through fiduciary sale, that is, the property is given as collateral. With this, without the right planning, a simple makeover can lead you to lose the property.