If you have a negative credit rating and want to take out a loan, you can now apply for one without worrying about checking with SPC and Serasa.
It is very normal that when you apply for a loan, banks carry out an analysis with credit protection agencies, however, Bradesco and Santander banks are offering the option of a payroll loan, a type of loan that does not require an analysis to determine whether the person has a negative credit history or not.
How will this loan work without consultation?
They are offering a payroll loan so that even if you have a negative credit history, you can still apply for the loan.
The payroll loan automatically discounts the value of the installments at the time of payment, which is why this type of loan has much lower interest rates compared to other types of loans and also has a longer repayment term.
But how does this payroll loan work?
The payroll loan is a type of loan that is available to INSS pensioners, retirees, and state, federal, and municipal employees.
However, there are financial institutions that also accept people who work in the private sector.
Since the invoice is collected and paid when the customer receives payment, this type of loan does not require the bank to check the customer's default.
However, the credit limit for a payroll loan cannot be greater than 35% of the customer's monthly income.
Bradesco's Payroll Loan
Bradesco's payroll loan is a no-check loan that can be released to INSS pensioners, public servants, employees of private companies that have an agreement with the bank, and retirees.
You can request this type of service online through the Bradesco app itself.
You will need to present some documents to apply for a payroll loan.
- You will need proof of residence;
- From your payslip or copy of your bank statement.
- And also the photo identification document;
Santander's payroll loan
Santander's payroll loan can be granted to people with bad credit and at a very low interest rate. It's called Olé Consignado . This type of loan is available to retirees, public servants, and INSS pensioners.
You can apply for a payroll loan through Santander's official website or through their free app.
When you apply for a payroll loan, you will need some documents.
- You will need proof of income or a bank statement.
- You will also need a Proof of Address
- And the Photo ID
