MonthNovember 2019

Loans with bad credit -Learn how to get an online loan with bad credit with us

Fast and uncomplicated borrowing is in the interest of most consumers. A loan without paperwork is high on the wish list.

Because many borrowers are just annoyed by the amount of documentation that must be submitted for review. It is so easy to take out a loan without paperwork.

Learn how to get an online loan with bad credit with us

Even if the supply is getting bigger, such a loan is still not a matter of course. Therefore, you have to take a closer look at online loans with bad credit and a good starting point is always our company. We know the borrower and his financial situation.

A simple look at the account reveals what revenue and what expenses are available. In addition, the house bank sees whether there is a fixed income and how long the employment already exists.

Usually, the presentation of the identity card or passport is sufficient for the dealer to become active. All other information can be given orally.

Why paperwork?

The question of why banks want such a large amount of paperwork is entirely justified. After all, this annoys terribly and in some cases even ensures that credit seekers from their project.

They do not want to collect all the papers and then prefer to postpone the loan. A loss business for the banks, which lose so solvent customers.

As banks are now very customer-oriented in order to remain competitive, loans are now also offered without paperwork. Although you still have to identify yourself.

But extensive documentation on income and expenditure can be omitted in various cases. A simple recording is thus given, which is close to the customer and significantly simplifies processes.

That should be known

An unclaimed loan from an independent bank will only work if it is an unrestricted loan. In the case of earmarked loans, not only the intended purpose must be indicated but also proven.

And this requires the submission of papers. The same applies to large sums and loans with a very long term.

It should also be known that a weak credit rating requires additional collateral. These too should be able to be occupied.

A loan without paperwork is therefore quite easy to take up if it is a small loan, which is taken up by a person with a good credit rating.

Credit without paperwork – the recording

In order to be able to find an optimally suitable offer, the comparison of different offers is worthwhile. The easiest way to do this is with the help of a loan calculator or comparison.

Both models show different loan offers that are based on the borrower’s wish. Online loans are also at the top of the wish list for loans without paperwork.

They are quickly recorded and can be ordered from the home sofa. In addition, you bring favorable conditions with you and offer the opportunity to set the monthly rate individually.

Our tip:

When choosing the right loan, attention should not just be paid to the effective interest rate. The conditions, as well as the conditions, are interesting.

Likewise, the requirements that the lender demands from the borrower.

BMG bets on payroll credit card

INSS retirees and pensioners, civil servants and no one else. This was the public that BMG decided to prioritize to try to circumvent a competitive market that has threatened small and medium banks in Brazil.

Following a partnership with Good Finance that ended last year, the Minas Gerais family bank Pentagna Guimarães wants to return – now on a solo flight – to payroll-deductible loans, a product in which it has specialized for 20 years, long before the big banks joined. worth in this business.

This time BMG will bet on a different business model

bank

The franchise business, and based on a new product: the payroll-deductible credit card.

The idea of ​​focusing on this type of card, explains President Antonio Hermann, follows the same strategy as when the bank launched its payroll loans: it is a product that, for the time being, does not interest large banks.

The regulation was made at the end of 2015 and, in just one year, BMG reached a portfolio of R $ 5.5 billion.

Just as payroll was initially viewed as a competitor of personal credit, so payroll is regarded as a rival to traditional credit cards.

The great attraction of the card, says Hermann, is that 5% of the customer’s salary is discounted to pay the bill, while the rest is paid normally.

If you do not make the payment

If you do not make the payment

The customer enters the revolving, but a revolving that costs a quarter of the amount charged by traditional credit cards.

Interest on this card is around 3.4% per month, even cheaper than most personal credit offers.

Hermann took over BMG in 2013, when the bank’s shareholders decided to leave the bank in the hands of market executives. This happened after BMG got its name involved in the Mensalão scandal.

In court, one of the main shareholders and former president, Ricardo Guimarães, was convicted in the first and second instances. Today he appeals freely, according to information provided by the institution.

Another measure was to move the bank’s headquarters from Belo Horizonte to São Paulo.

Shortly before, when BMG was about to reach R $ 30 billion in payroll, the association with Itaú was announced. Itaú BMG Consignados was born.

The partnership ended in 2016, when BMG sold its 40% stake to the then partner for R $ 1.4 billion. The partnership between them, however, is not over.

BMG’s franchise network, Help, will exclusively sell Itaú’s payroll loans for ten years. And it is in these franchises that the president of BMG hopes to find the way to the bank’s future.

All other trades are being settled

The corporate credit portfolio, which was R $ 4 billion in 2015, has been reduced to R $ 1.4 billion and will be totally extinguished.

According to data released on Wednesday, 1st, the bank recorded in 2016 an increase in expenses to expand franchises and credit cards.

With this, the profit fell about 30%, to $ 51 million. If on the one hand increased expenses, franchises also began to generate revenue.

In the third quarter, the loss was avoided because the bank received about $ 165 million from Seguradora Generali, which paid to have exclusivity in the sale of insurance by Help network for 20 years.