Simply put, a personal loan is money that customers borrow from banks.
The personal loan is a type of credit aimed at individuals and is considered to have little bureaucracy, since its differential is the free use of the amount borrowed and the requirement of few documents.
| Positive points | Negative points |
|---|---|
| The release of the requested amount takes place within a few hours | To apply for a loan, you must provide proof of income |
| It is not necessary to have a good credit history to get the loan | You must be over 21 years old to get a loan |
In practice, the financial institution grants a certain amount to the client, who, in turn, returns the money in installments, with interest added.
Thus, after applying for credit, it is necessary to hand over some documents to the institution, which will conduct a credit analysis of the applicant in order to understand whether he or she is able to pay off the debt.
Besides this, the consumer's consumption habits and payment history are also verified in this analysis.
Generally, there is not so much red tape involved in getting a personal loan approved, unlike financing, where the process is much more complex and bureaucratic.
Before applying for a personal loan, we recommend that you run a simulation.
To do this, you can use our simulator, simply enter the total amount of the loan, the interest rate the financial institution will offer, and the number of installments.
| Benefits | |
|---|---|
|
High values
|
High values can be requested |
|
Security
|
Security system in place to prevent scamming |
|
Payment terms
|
Differentiated payment terms |
|
Interest Rates
|
The rates are one of the lowest in the segment, being 7.74% |
By clicking on calculate, you will find out how much the final amount of your personal loan will be, including interest.
Learn a little more about the Penfed Personal Loan, its advantages, how to apply, and everything else.
Credibility
The Penfed Personal Loan is one of the most traditional in the country, having great credibility in the market because of its advantages. To learn more and apply for your loan, click on the button below.
I Want My LoanValues
The Penfed Personal Loan values are one of the highest in the market, and it is possible to request up to $50,000 dollars.
In the first application it is possible to request this amount, without bureaucracy and in a fast and safe way.
Interest Rates
Penfed Personal Loan has the lowest interest rates of the personal loan segment in the country. There is no charge when you apply, nor during the current period of the loan.
For more information and to apply for a loan, click on the button below.
I Want My Loan
