Loan in electricity bill: check out the 3 best financial institutions to pay yours!

Did you know you can take out a loan on your electricity bill? When you're in a pinch, this could be the safest and most reliable way to get some extra cash and get out of a financial bind by paying off your electricity bill. 

Several financial institutions offer this service. We at Geniuzz have selected the three best options on the market: Mister Money, Piki, and Plancredi. With them, you'll get better rates, easier payments, and the amount is charged directly to your utility bill, hassle-free. Partnering with the country's leading electricity providers, they're the easiest to get your loan approved.

Check out how to apply for a loan on your electricity bill!

Companies that offer loans based on electricity bills

Check out 3 companies that offer this type of loan:

• Mister Money Electricity Bill Loan
• PIKI electricity bill loan
• Loan on Plancredi electricity bill

Mister Money Electricity Bill Loan

Mister Money offers a hassle-free utility bill loan, with easy application and approval. Recommended for self-employed, employed, or those with no proven income, it even approves those with bad credit or overdue accounts. It's one of the fastest loans with the lowest interest rates.

• Loan amount: up to R$ 1,300.00.
• Rates: CET up to 356% per year (check when hiring).
• Maximum number of installments: 20 times.
• Request: Completely online.
• Loan simulator: available on the main page.
• Accepts negative: yes.
• Time to release funds: 24 hours.

Piki electricity bill loan

Piki offers a loan discounted from your electricity bill for everyone: formal employees, self-employed individuals, and those with low credit scores or negative credit ratings, as it doesn't require proof of income. An important detail is that you can't apply for the loan if you have any outstanding debts with the electricity company, such as an overdue bill.

• Loan amount: up to R$ 2,500.00.
• Rates: from 11,99% per month.
• Maximum number of installments: 18.
• Request: online.
• Loan simulator: available on the main page.
• Accepts negative: yes.
• Time to release funds: up to 1 business day.

Loan on Plancredi electricity bill

Designed for those looking for a fast and secure electricity bill loan, with funds released within 24 hours of credit approval, Plancredi offers easy-to-access credit for all profiles.

• Loan amount: up to R$ 1,300.00.
• Rates: up to 16,46% per month.
• Maximum number of installments: 20 times.
• Request: Completely online.
• Loan simulator: available on the main page.
• Accepts negative: yes.
• Time to release funds: 24 hours after loan approval.

How can I get this type of loan?

It's not difficult to get a loan from your electricity bill. Generally, you can get the loan approved within a day and get a great installment plan. 

To have your loan approved, you must first check whether your energy provider offers this option. The main ones are Enel, CPFL, Light, Celesc, COELBA, and RGE. However, others may have this partnership. 

Then, choose the financial institution where you will apply for your loan, which will be deducted from your electricity bill. 

From then on, follow our step-by-step guide to place your order:

• Go to the website of the company you want to borrow money from and simulate your loan. 
• See if the proposal suits you. 
• Register with the financial institution and send the proposal and requested documentation. 
• Wait for your loan to be analyzed and approved to receive the money. 

That's it. Simple and practical, you can quickly get the loan on your electricity bill, and the money goes directly to the account you registered.

It is worth remembering that the minimum age to take out this type of loan is 21 years old.

What is the electricity bill loan?

Electricity bill loans are a form of credit created to help those in need of cash and make monthly installment payments. The bill balance is calculated based on energy consumption and the installment of your credit. 

The country's main electricity companies have partnerships with financial institutions, thus providing this type of facility to those who need quick cash and with a simpler way of releasing it. 

How does this loan work?

To apply for a loan that's deducted from your energy bill, you must apply with one of the financial institutions that offer this service. After signing up, you'll receive the money in your bank account, and the installments will be charged to your electricity bill.

So, if you pay, for example, R$ 100.00 on your electricity bill and the loan has installments of R$ 200.00, your bill will be charged R$ 300.00.

Where does the loan appear on the electricity bill?

To apply for this type of loan, you must access one of the financial institutions that offer the service, such as Mister Money, Piki, and Plancredi. At all of them, you can apply for the loan using your online electricity bill. 

The process is fast, secure, and you have the money released into your bank account within 24 hours. 

What are the advantages and disadvantages?

Check out the advantages of taking out a loan using your electricity bill:

• Online application: you place the order with the financial institution directly on the website, with the entire process online. 
• Installments: you can pay for your loan in up to 20 installments depending on the financial institution.
• Speed: money is released, on average, within 24 hours. 
• More accessible: no proof of income required and accepts those with bad credit. 
• Easy to release: in general, the system releases the loan on the electricity bill for everyone who requests it.

See the negative points of requesting a loan on your energy bill:

• The maximum amount that will be released may not meet your needs. 
• Interest rates may be higher than other types of loans. 

Is a loan based on your electricity bill reliable?

For those who need a quick and secure loan, even if they have a negative credit history or don't have access to proof of income, a loan directly from their electricity bill is a good option.

You'll have an easier time placing your order, and your money will go directly to your bank account, with quick release by the financial institution. 

The financial institutions that provide this service are trustworthy and certified by the Central Bank to carry out this type of operation. 

Furthermore, the entire process is secure and you provide the information that is actually necessary for the release of your money. 

Therefore, when you need it, take out a loan on your electricity bill and have the money available quickly in case you need it.

Frequently Asked Questions

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