Personal Loan in the Savings Bank – Here’s How?

Apobank acts strong in the segment of personal loan, financing, property purchase, construction, automobiles and has the lowest interest ..

“Making a personal loan at Apobank Econômica Federal can bring a number of benefits to consumers. However, in any type of loan, the client undergoes a careful analysis of his financial profile. “

There are some situations where a loan can be a great alternative. An example of this is when you have a number of small debts and turn it into a single expense. Thus a loan can pay off smaller debts and sometimes the interest turns out to be more attractive.

Another point worth mentioning is the payment of debts with a credit card. In this type of operation, it is common for interest on a loan to be lower. On the other hand, credit cards constitute the largest percentage of indebtedness of Brazilians.

So, with very high interest rates, this type of debt usually worries a lot of people. That is why we have prepared this text to explain how a loan works at Apobank Econômica Federal. Continue your reading and see how to request, how to proceed, what documents are needed. Know more!

3 reasons to apply for a personal loan at Apobank

3 reasons to apply for a personal loan at Apobank

1. Reform your home

Whether it is an emergency or a planned retirement it is well known that this type of service tends to be very expensive. Because it is something you can never predict all the developments and there are always extra expenses, a loan can be a solution.

Thus, it is possible for you to renovate your home and pay in installments previously agreed upon and with interest that fits in your pocket. One advantage is that you know that that amount will not increase, which is fixed, meaning you do not risk an abusive increase in interest.

2. Take a trip

Traveling alone, with friends or family is an enriching and happy experience. Lack of money is often a hindrance at the time of the decision. So a loan can help you plan your dream trip with everything you are entitled to.

(I.e.

You can plan and verify in how many parcels you can afford a trip, so you can fulfill your dream of meeting other places, other cultures, other people and resting from the problems of daily life.

3. Investing in education

If it is your dream to take a university course, but you do not have the financial conditions, maybe the exit is a loan. There are modalities directed to students and you can find out which is best suited to your situation.

Types of Personal Credit You Can Apply for at the Cashier

Types of Personal Credit You Can Apply for at the Cashier

CDC Automatic

CDC (link ) This is a type of pre-approved personal credit, that is, you do not have to go through any bureaucratic procedures, nor ask for guarantors, or go after extra documentation. Just make the request in the self-service stations themselves and the money goes into your account. It is possible to pay within 48 months.

CDC Salary

This personal credit is available to those who receive the salary in the box. You can apply at the branches, by the application on your cell phone, or at the ATM. In addition, the amount goes into your account and the installments are debited directly from the account.

Construcard Apobank

The Construcard (link ) is a line of financing for personal credit adjusted for the purchase of construction material in stores accredited by Apobank. When hiring the personal loan, you receive a credit card to be used in up to six months to purchase all the material that is needed for construction.

Anticipation of the 13th salary

You must have an account in the Cashier and have been employed for at least 12 months. The loan limit can vary between 2,000.00 and 20,000.00 reais and the amount requested is analyzed through your payment possibilities.

Anticipation of the return of the Income Tax

In this type of loan you can receive the amount referring to the refund of income tax and pay according to your possibilities. This type of loan can be done directly at Apobank’s branches.

Payroll loans

This is one of the most advantageous loans. Debited directly from their salary or from their INSS benefit, payroll deductible loans are directed to civil servants, INSS beneficiaries and retirees.

The installments must comply with a fixed percentage in relation to the salary and should never exceed the stipulated amount. Thus, you will always know which amounts will be debited from your account on a monthly basis.

Overdraft

This type of loan may not be as advantageous as the others. Interest is usually very high, even though it is much easier to apply for and does not need many bureaucracies. However, money is usually available within 24 hours.

Credit for rural workers

This is a specific credit for those field workers who need credit to perform their work. To get the hiring, just go to an agency of the Apobank, with the documents in hand and place the order.

Credit for the entrepreneur

For you who are starting your business or want to make an increase in them, credit aimed at entrepreneurs may be the best option. Aimed at small and medium entrepreneurs, this type of loan has installments that can be made in as many times as you need.

Salary Portability

Salary portability (link ) exists and it is the right of every citizen to choose which bank or financial institution wants to receive his salary, even if his account is indicated by the employer. In this way, bank account change has become very easy and simple to make, you can request the transfer of your money or salary to the bank you want or your preference.

Advantages and disadvantages of applying for a loan at Apobank

Advantages and disadvantages of applying for a loan at Apobank

One of the advantages is that you have several personal credit options to choose from in the Savings Bank and it is possible to make an analysis on which is best suited to your goals.

There is also more flexibility in the forms of payment, in the amount of months you can borrow to pay off your debt, and the interest rates are lower than in financial. In addition, the personal credit is quickly deposited into the account of the applicant so that it can be used in the best way.

Among the disadvantages is the fact that Apobank’s loan is available only to people who have a bank account. People with the negative name on the SPC / SERASA databases also can not apply for the personal loan.

Depending on the type of personal credit you request, interest can reach up to 4.49% per month. Even though it is relatively lower than other banks, it is important to make a financial planning before any decision.

Applying for a loan at Apobank is a decision that must be made with great care. After all, it is about adding a fixed portion to your monthly budget. In this way, all care is necessary so that you do not end up exchanging one problem for another.

Put everything on the tip of the pen and make your decision consciously. Still have questions about this? So, make sure to visit the other articles in our blog and check all the content we have for you.

How to Live Without Debt and Without Loan

Living without debt and without loan – seriously!

Living without debt and without loan - seriously!

Any financial advisor who has his head in place will declare that he must live up to his standards to be without debt. This seems almost impossible for people living with a low monthly income and has a list of recurring expenses.

However, we want to answer in this article that while having many expenses, it is possible not to borrow money, no matter how much you spend every month within acceptable standards.

Can you save a few thousand reais every month to invest or make a reserve fund for any emergencies or be wondering how to get to the end of the month of the salary money?

From here we will reveal some tips that will help you to live with little money and still save a good buck month to month to a large amount.

1. Create a plan or budget and follow it

1. Create a plan or budget and follow it

One reason it seems impossible to save or survive on a low income is to spend the money on the salary without a spending control plan. Every item purchased in the market or store seems to be a basic necessity when you do not have a plan. Create a budget and separate a specific amount of money for each item.

Start with the basic items like:

  • Housing
  • food
  • Transport
  • Clothing
  • Utility accounts

Separate a value for each item, if prices or rates change within the month, adjust your budget every month according to the updated rates. Discipline yourself in spending your income based on the budget, especially if your income stays the same for long without increase.

2. Assess housing costs

2. Assess housing costs

Many families spend a high percentage of their income on housing costs. Be realistic about your financial situation, if need be, look for a home that you can afford quietly. Do not be embarrassed to move to a cheaper neighborhood or a smaller home if you are having to borrow money every month to keep up with your other expenses.

Of course, moving to a cheaper home may not be an option if you are in a real estate mortgage or a mortgage. However, you can refinance based on your current income. Refinancing can help you save some money if you do it right.

Attention! Your living expenses should not exceed 25% of your net income.

3. Avoid credit cards

3. Avoid credit cards

Credit cards can be good friends or excellent foes! Using a card can become addictive if you do not have the financial discipline to use it. You can easily spend more than you earn on your income or earnings. If you are trying to get through the month without debt, avoid credit cards at all costs.

I know you do not want to accumulate debts and mismatch your credit history and report. Discipline yourself in paying for each product in cash. Not only will you limit your spending to your budget, but you will also avoid paying additional interest rates and additional fees charged on the cards if you delay the payment or settle only part of the invoice.

4. Reduce your expenses

4. Reduce your expenses

Create a control plan for your finances that helps you keep track of all expenses. Evaluate each product or service included in your budget and look for ways to save money. For example:

  • You can reduce your food expenses
  • You can reduce your transportation costs
  • You do not need a cable or landline phone when you’re on a tight budget.
  • You can not spend half of your income on clothes, electronics, travel and parties.

Tip : Make a budget for your social life and entertainment and try to stick to it.

5. Buy with discount coupons

5. Buy with discount coupons

Use discount coupons to buy groceries, medicines, household items, etc. You can save hundreds of dollars every month if you know where to find coupons. Some stores double their coupons when you make frequent purchases, while others give points that you can redeem by product.

Consider buying products for sale, especially on holidays. Many stores offer huge discounts on various items in a festive season for example. If you do not have the full amount, save the money for several months and then buy the product with money.

6. Buy Second Hand Items

6. Buy Second Hand Items

You can save thousands of dollars every year by buying used items. Look for second hand products that works just as well as a new one, search OLX or the Free Market . Sometimes people sell items before using them just because they did not like them.

Instead of buying a new car, look for a semi-new or used car of the same make and model. You can also buy used furniture and electronics to improve your home, instead of spending all your money on new items.

If you want to refresh them later, if you need to, as your income increases.

7. Save money for emergency

7. Save money for emergency

Many people use their credit cards and the bank’s special check limit as a sort of emergency reserve – if there is an unexpected expense, the card or limit will make the ransom.

Instead, use the money you are not paying debt to build a cash reserve for emergency, this is healthier. With this simple action you will “keep out of debt” when something unexpected happens.

Living without loan and credit can be risky, but having an emergency fund that can save you is better. Start with 10% of income or salary, then increase to 3-6 months or more of expenses.

8. Earn interest instead of pay it

8. Earn interest instead of pay it

The problem with debt or credit is that you waste lots of money paying interest. He erodes his finances. Instead, make your money work for you by investing it.

With the magic of compound interest, your investments will grow over time, which means that the money you would be paying in exchange for interest is now earning interest and multiplying. That’s good math.

9. Find an alternative source of income

9. Find an alternative source of income

As you try to keep your expenses as low as possible, think of alternative ways to make more money each month:

  • Consider a secondary business in your area of ‚Äč‚Äčexpertise or any other area
  • You can do part-time work during off hours and make more money
  • Explore various ways to make money online, such as essay writing, tutoring, freelance and blogging

Do not forget that it may be that you have to reduce your social activities to manage two jobs, but you will have more money to spend. However, while looking for a part-time job, make sure that the new venture does not affect your performance in your current job.

10. Be careful and disciplined.

10. Be careful and disciplined.

Controlling your spending and saving money requires more than a desire or will – it requires action!

You must commit and be determined to make your personal finances work. Be dedicated because you may have to review all these strategies above for several months before you realize actual results.

Do not give up on the plan and never go back to your old habits of consumption just because you missed the mark in the first few months. Give yourself enough time to learn new consumer habits.

Remember that learning takes time, but ultimately financial discipline will be part of your everyday life. You can live a ” debt-free life tomorrow” and, much better than today’s salary, implant the tips described above.

Have discipline, patience and dedication, these three factors are necessary for you to make significant changes in your finances. Understand that the step you take in the right direction will get you closer to reaching your financial goals.