According to the Consumer Indebtedness and Indebtedness Survey (Peic), the total number of Brazilians in debt in January 2019 was 60.1%, and 22.9% were defaulters, that is, overdue accounts. Much of the responsibility for this scenario is the abusive interest rates practiced in the country, mainly by the big banks. This is one of the reasons why the Brazilian has to resort to loans. However, a significant portion lives on the informal market and does not have credit in the square.
Faced with this scenario, Financial Technologiess have become increasingly popular, offering good resources to the population. This is the case of Bankor, as you will know in this article. Here, we’ll show you how the loans work at Bankor. Check out!
What are Financial Technologiess?
Financial Technologiess are innovative companies that have appeared in the market with the proposal of uncomplicated access of the population to banking services, without bureaucracies and abusive rates like those practiced by the big banks.
The word Financial Technologies comes from English, and is the junction of financial and technology. As the name says, the great differential to achieving its goal is to use technology to offer financial services. They have offered digital accounts, with services that can be performed by the computer, smartphones or ATMs, and most have no physical agency.
Bankor’s proposal is to offer opportunities to the 50 million Brazilians who do not have a checking account. This slice of the population is responsible for handling approximately R $ 660 billion per year, but often can not prove income, since, in general, they are part of the informal market, and for this reason, often do not have a current account.
Thinking of this scenario, Bankor appears with the proposal to promote the financial and social inclusion of this public. Bankor is 100% digital, and proposes to offer banking services to Brazilians in a positive way with fair rates and services. They are committed, for example, to offering a credit that fits in the customer’s pocket and without charging an interest, so that the trader does not harm himself and ends up being denied.
Personal Loan at Bankor
Like all Bankor services, the personal loan is done digitally and debureaucratized. The amounts granted vary from R $ 500.00 to R $ 1500.00 and can be split from 6 to 18 times. From the website itself, it is possible to request a simulation according to the profile of each client. The more the client is up to date, the higher their score will be, and the better their loan repayment terms will be.
A loan of $ 1,000.00, for example, can be paid in 6x 214.13; 9x R $ 155.44; 12x R $ 126.64; 15x R $ 109.81 or 18x R $ 98.95. The granting of the loan is subject to analysis by registration, however, it is not necessary to prove income or already have a checking account. To do the simulation is necessary to make a quick register where they must be filled name, mobile, email and a password.
What to do with up to $ 1500.00?
A loan from $ 500 to $ 1500 may even seem like a low value to some, but it may be the next step to start a business for those people who do not have any credit.
Anyone who intends to start a small business to generate income, can make the investment that is needed with this loan amount. Whether it is to invest in the material to prepare and sell something from the food business, to invest in a smartphone that is the source of communication with its clients or even in a card machine, the loan installments can be paid with the income from the invested business.
The amount can also be used to pay off some debt and avoid restricting the name or even making a trip.
Whatever the purpose of using the money, remember to plan and ensure that the installments fit into the budget.
Whatever the reason for the loan, it is crucial to do a financial planning: calculate the expenses of the month and see if the loan portion fits in the budget. Even if the goal is to invest in a business, it is important to consider the chance of failure. Experts recommend that the loan installment does not commit more than 30% of the monthly income.
Make your simulation
As you have seen, it is possible to borrow from Bankor easily through the internet. Make your simulation online and plan to make sure the parcels fit in your pocket. Financial planning will help you prevent delinquency. With the money in hand, make good use!