Loan on your electricity bill: see what it is and how it works.
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Loan through your electricity bill: read the text and see how this new line of credit works and who can apply!
If you follow the news on our blog, you know that we are always showcasing options for credit and financial products and services.
So today will be no different!
In this post, you will learn about a recent type of credit, still little known by many.
However, it is very simple and less bureaucratic.
So, if you want to know more details, keep reading and see how it works. loan on electricity bill.
Enjoy your reading!
What is a loan on your electricity bill?
It's a line of credit, just like the personal loan or payroll loan. The difference is that the installments are deducted from the electricity bill.
In other words, in addition to your energy consumption, the bill will include an extra charge related to the installments of Credit on your electricity bill.
It is also known as an alternative personal loan, and in fact, it functions as an alternative for people who have difficulty obtaining traditional financial services.
Some institutions don't even ask for proof of income, which makes it an even simpler option.
Furthermore, it is the ideal option for those with a negative credit history.
How does the loan against your electricity bill work?
Because it's a new product, it's not yet available throughout Brazil, and furthermore, there are still few institutions that offer it. loan on electricity bill.
It is only done by financial institutions that have partnerships with some electricity distribution company, for example., Crefaz.
Read our article and learn more about the institution, its products, and how to apply, including the Credit with payment on the energy bill.
After you find an institution, you need to make an application. To do this you need to:
- To have an electricity bill and a bank account in the applicant's name;
- Power supply active at the registered address;
- Not having any overdue electricity bills.
Furthermore, there is a minimum and maximum age required by the institutions; in the case of Crefaz, it is between 21 and 84 years old.
Some institutions also don't require proof of income, only a bank statement. Typically, the documents required to apply for a loan through your electricity bill are:
- Identification document;
- Proof of residence;
- Electricity bill dated no more than 60 days prior.
The amounts can be paid in installments between 12 and 24 times, depending on where you obtain the loan.
The amounts also vary; some institutions release up to R$1,000.00 and others up to R$10,000.00.
What are the advantages?
O loan on electricity bill It has many advantages; for example, it is less bureaucratic and easier to obtain.
It is possible to get approval even with your name on the defaulters' register and without proof of income.
However, it is worth noting that each financial institution has its own methods for evaluating and approving credit.
Finally, it's worth noting that interest rates are also lower, mainly because there's no risk of you forgetting to pay the installment.
As soon as your energy bill arrives, you'll plan to pay it and, consequently, you'll also pay the loan installment.
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