Personal loan

A personal loan is meant to finance the acquisition of goods and services, like equipment for the home or eduational and health services. It can also be acquired without a specific end use. It's a credit contract in which the amount, term, and method of reimbursement are defined from the beginning.

Before contracting a personal loan, you should consider the impact the monthly payment will have on the family budget and compare different credit options.

It's important that you provide truthful and complete information to the financial institution and that you're clear on the end goal of the loan you plan to contract. The various types of consumer credit have different characteristics and associated costs.

You can request a personal loan online or in person at the financial instituion. That said, to guarantee you obtain the best financing options, we advise that you consult various banks and negotiate and compare proposals. This is the work that the agents at Poupança no Minuto do for you.

Before contracting a loan, you have the right to be informed of, in a clear and complete manner, all the conditions of the loan so that you can adequately compare the different offers and make an informed decision. The interest rates and charges of the different proposals should be compared based on the annual percentage rate (TAEG). This information is part of the Ficha de Informação Normalizada (FIN).

You need the following documents:

• Citizenship Card (or Identity Card + Taxpayer Card).
• Proof of Income:
  • Posted worker: Last IRS declaration + last pay slip or last 6 pay slips;
  • Self-employed workers: IRS declaration + Green Receipts emitted in the present year
  • Retirees or pensioners: IRS declaration and Social Security proof.
• Budget (only if the objective is construction).
• Proforma invoice or sales proposal (ex. automobile credit).
• Proof of NIB from vendor (ex. automobile credit).

Yes. The Poupança no Minuto agents analyze your current loan and negotiate with the financial institution so that they reevaluate the terms of your loan and provide more favorable conditions that translate into more savings for you.

It is not possible to transfer a personal loan. That said, in the case that you have more than one credit payment, you can request a debt consolidation, combining all your payments into one sole credit with a lower monthly payment.