How long How long does it take for the loan to appear in my account?

First, the time it takes for the loan to be credited to your account depends on several factors and can therefore vary from case to case. However, since personal loan applicants are in a hurry, financial institutions usually expedite the process.

The first procedure for loan release is credit analysis.

The institution evaluates the request, verifying the client's realistic ability to repay the debt they are assuming. Aspects such as assets, monthly income, and commitment to other debts are assessed.

After this process, however, the lending institution determines the credit limit to lend to the customer, the interest rate to charge, and the repayment term (how many installments). This process can take two to three days, depending on the company.

It is worth remembering that there are currently credit companies that approve applications on the same day.

Personal Loan

The main type of loan is personal. The product is accessible to any type of individual and has higher interest rates, reaching almost 120% per year. However, due to its ease of obtaining a loan, it is a popular product among Brazilians.

To take out a personal loan, you need to go through three steps: requesting and submitting documents, credit analysis, and depositing the amount.

How long does it take for the loan to appear in my account?

If you have all your documents up to date, the process is simple and quick. Therefore, it usually takes about 10 minutes for the money to reach your account. one business day to one week.

Note: If you need this extra financial help urgently, you can look for fintechs, which can release the funds faster and with lower interest rates.

Payroll Loan

The preferred option for public servants and INSS beneficiaries, the payroll loan is one in which the installments are deducted directly from the paycheck.

For public servants and formal workers, the hiring and release process takes 48 to 72 hours, a reasonably shorter period compared to personal credit.

Another advantage of payroll loans is that they have one of the lowest interest rates on the market. Because this type of credit is deducted directly from payroll, the risk of default for the lending institution is lower.

For retirees and pensioners, the average time for a payroll loan to be released is 3 to 5 days. The process can be tracked through the Meu INSS app.

What to do if the money doesn't fall?

If your loan is approved and the funds are not available after the deadlines mentioned here, contact your financial institution to understand what happened and find out what steps to take.

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