Can you get a loan?

Can you get a loan?

According to research done in previous years, in Brazil almost 40% of the population uses credit even without having a bank account. This research proposed by the institute Data Popular shows a significant number of people that even moving the economy, have no link with any bank. Not having a bank account can influence the ways in which the client performs some services, including applying for loans.

Without having a bank account, can you get a personal loan?

Without having a bank account, can you get a personal loan?

Applying for a loan depends on several factors such as absence of arrears in the credit system, the possibility of paying installments that can be of high values ​​and extending for months and even years, and having a bank account. The absence of these elements may hinder the petition, however, it is not impossible.

Loans are bureaucratic processes and with many details. Requesting them without having a bank account can be laborious, but not impossible to achieve. The market is not deceived and knows that the part of the population that does not have account also mobilizes much capital. In this way, it is an audience that is also taken into account.

In this post we will talk about the challenges of not having an account at the bank and also help you with tips on how to apply for a loan. Continue reading. There are many challenges to be overcome by those who do not have a bank account. At a time when credit and debit cards dominate forms of payment, not having one can cause certain difficulties.

The impossibility of making bank transfers, not being able to pay bills at ATMs, not having a savings account to save money at the same time as interest accumulates, or even take risks when walking the streets with larger amounts of money is one of the disadvantages.

Below are some tips on how you can apply for loans even without having a bank account.

Take stock of your financial situation

Take stock of your financial situation

Before you make the loan check your financial situation. Analyze the advantages and disadvantages, consider your reasons and take into consideration the fact that you will insert a portion, which can be of a high value, in your budget for months and even years. Do a self-questioning and see if the advantages outweigh the disadvantages.

Search a lot

Search a lot

Whether or not you have a bank account, research is an essential process before you apply for a loan. Knowing what the financials are, their advantages, values, interest and conditions allow you to be more confident about your decision. Always check what is the best option so that you do not have any future problems.

Separate essential documents

Separate essential documents

Loans are usually surrounded by bureaucracies that end up taking time and money. Before going to the chosen financier, separate the essential documents like RG, CPF, proof of residence and income. If you do not have proof of residence, use some other form of guarantee.

Consider Online Loans

Consider Online Loans

The online financial market is a booming market. It is observed the increase of sites that offer money and facility at the moment of the request. This type of practice may be the way out for those who need a loan, but do not have a bank account. Another advantage is the decrease of the bureaucracy being that the confirmation can arrive in minutes.

However, care needs to be taken in this mode. There are many criminal sites searching for victims for their scams. Analyzing the site’s security seals is the first thing that should be done.

Although it is possible to make loans without having a bank account , it is important to thoroughly evaluate your finances and possibilities before making any decisions. In this way you will not be in danger of making a wrong decision that could change your habits and disturb your peace of mind and family peace.

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