When you choose to take out a personal loan, the first question that arises is: How to choose the best type of loan?
So that you can be a little clearer about the types of loans that exist and which one best fits your reality, we have made a list to help you.
- Personal loan: this is the simplest loan that can be applied for at any bank or finance company, by anyone, as long as you meet the criteria required by them.
- Payroll loan: in the case of payroll, there is a specific requirement, in order to apply for this loan you need to be retired, civil servant or pensioner. On the other hand, it offers several facilities for those who fit this profile.
- Overdraft: in this case if you have the overdraft released by your bank, it will be available in your account, however it is not because this money is at your disposal that it is yours, so be careful, because the interest is usually very high.
– Real estate or car loan: in this case it is also a type of loan that is relatively easy to access, because to apply for it you necessarily need to have a good, it can be a car or a property, but it will be your guarantee, so be very careful, because if you don't pay off your loan, the bank may withdraw your asset.
– Loan to buy goods: a different option from the one mentioned above, but in this case you must consider the value of the good, its useful life, and even if the amount you will pay in interest will compensate for this loan of money to buy it.
If you met these loan forms and chose the one that best fits your reality, another very important step is to choose which bank or finance company you will hire this service with, as there are many companies that are not completely legal, and you could end up getting hurt.
