Which banks make personal loans?On February 13, 2020 by Ethelyn Murphy
When we talk about personal loans, we find four types available on the market: INSS payroll-deductible personal loans; private payroll-deductible personal credit; payroll-deductible personal credit; and unsecured personal credit. Many banks, financials and fintechs offer these types of credit, but let’s show the major banks that make personal loans.
Banks that make personal loan
Let’s show below lists of banks that make personal loans by dividing the content by the type of loan.
To begin with, let’s start by talking about the unsecured personal loan, which is the type of credit offered by Legendary. Total Effective Costs for this type of credit vary widely as each institution has its credit policy and each customer will undergo an analysis that will give the product pricing and the existing limit.
At Legendary you can borrow between $ 2,500 and $ 50,000 with a Total Effective Cost (IOP) rate that starts at 2.97% per month. But to help those looking for credit, we have listed below some of the lenders and banks that make personal loans.
There are also banks that offer payroll-deductible loans, in which case they are separated between private and public payroll loans. In general consumers find this type of credit in the following banks and financial.
Payroll-deductible loans tend to have lower rates, but not all people have access to this type of credit. It is important to check if your company offers and, if not, look for other low rate loan solutions like Legendary.
Planning to apply payroll loan
Remember that both payroll loan and payroll loan are only offered to individuals, which means that when applying for one, the consumer will need to provide residence details, income, documents, etc., linked to your CPF.
Important: Always remember to research the reputations of institutions and learn more about the rates they operate and how they service you. All the names we list on the blog are found on the Cream Bank website.