The main characteristics of personal loans are the ease and speed of negotiations. Thus, it is indicated for emergency situations, when it is necessary to invest a large sum to pay off a debt or solve a problem that was not foreseen in the budget.
In personal loans, the financial institution lends the money to an individual, from the self-employed to civil servants or employees in the private sector.
| Positive Points | Negative Points |
|---|---|
| No specifications are required as to the destination of the requested amount, known as free destination | It is necessary to show at least 3 months of income before applying for the loan |
| Break Free offers of up to 180 months for the payment of your installments | Submission of supporting documents to verify your financial situation |
Since there is no need to inform the use of this amount, only the conditions of the contract, such as the interest rate and the number of installments, have to be negotiated directly.
Although it is an easily accessible solution, personal credit requires adequate financial planning, because the goal is to get rid of debts and not to contract new ones.
Finally, after the analysis is approved, the amount is approved and the customer is released. It is important to note that no financial institution can charge deposits or commissions in advance when granting credit.
The amount and documents requested will depend on how the institution's analysis works, but most of them usually request your personal documents and some supporting documents.
It is also important to compare credits from more than one financial institution to know which is the best option for your profile. However, there are companies like Break Free that can make this process easier and give you a loan on the spot.
| Benefits | |
|---|---|
|
Approval
|
One of the highest approval rates in the industry |
|
No hidden fees
|
There are no hidden fees for applying for the loan |
|
Apply online
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The application is totally online, which makes it easy to apply |
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No paperwork
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There is no paperwork when applying for a loan |
In this publication we will tell you all the benefits and conditions for you who are looking for a safe and effective personal loan line, check some facts below.
Fast release
The Break Free loan is one of the most immediate and effective in the segment, having for this and other reasons great credibility in the field of personal loans. If you are looking for a simple and fast solution, click the button below.
I Want My LoanNo fees
The bank guarantees that the applicant will not incur any costs in granting his personal line of credit, which means that he is exempt from any additional fees.
Long-term
The institution provides terms of up to 180 months for the repayment of your loan, making this process more flexible and in line with what the applicant is looking for. If this and other advantages are part of what you are looking for, click on the button below and learn more.
I Want My Loan
