Simulator online personal loan

How to use the online loan simulator

Check out how you can use our loan calculator simply:

• Enter the total amount of your loan. 
• Enter how many installments you will divide the amount into. 
• Enter the loan interest rate and select whether it is monthly or annual interest.
• Click “Calculate” to see how much you will pay, the interest rate, and the estimated installment amount. 

EXAMPLE: In a personal loan you take out, where you request a R$5,000 loan from the bank, paying in 48 installments, with a monthly rate of R$4.031. Under these conditions, you will have the following results:

Total paid in the transaction: R$ 11,380.19.

Loan amount: R$ 5,000.00.

Interest: R$ 6.380,19.

Estimated monthly installment: R$ 237.09.

How do I find out the interest on my loan?

To safely take out a loan, you need to pay attention to the interest rates you'll be offered. These rates will be used to determine exactly how much you'll pay on your debt, and the rate will be calculated when determining the total amount you'll repay. 

Second the standard of CMN Resolution No. 4881/2020 (click to see it in full), all financial institutions are required to clearly indicate the values of transactions carried out so that the customer knows the interest and the CET (Total Effective Cost).

In general, it's important to pay attention to the APR, as it includes all the expenses incurred when taking out a loan, resulting in the actual value of the transaction. Interest is only part of the fees that make up the total amount. 

To put it simply, the Total Effective Cost corresponds to interest, fees, charges, taxes and insurance added together. 

Therefore, to find out the interest on a loan, you must pay attention to the rates charged by the company and the APR, which will correspond to the total amount you will pay. 

This rate is generally designated as follows, for example:

Monthly interest: 1.46. CET: 23.17% per year.

This way, you know how much interest you'll pay and the total annual cost of your loan. This rate should be clearly stated by the institution.

How to assess whether the loan interest is good?

When evaluating the interest rate on a loan, you should consider several factors:

• The amount you want and the total you will pay at the end of the loan. 
• Check the average values charged for each type of loan directly on Central Bank through this link.
• Compare the rates of the main banks to see if it is an abusive interest rate or not. 
• Calculate interest rates based on the loans offered using our calculator so you know exactly how much you'll pay in total. 

How do I know if I should take out a loan?

There are some signs that indicate it's the right time to take out a loan. Check if you're in any of these situations to see if it's truly the best solution.

• When the loan is more advantageous when it comes to getting rid of debt, meaning the total amount you pay is less than the debt you currently owe. Have you ever heard the expression "exchange one debt for a cheaper one"? 
• When it's an excellent purchase or investment opportunity, such as a house, car, courses, and others that generate benefits for you. 
• When there is a good supply of credit, with low interest rates. 

But before you get into debt, you need to think carefully, since when you apply for a loan, you'll have to make payments. For those in debt, it's important to consider whether it's worth it. 

There are alternatives, especially for debt. Negotiating with the debtor company, reorganizing finances, and exploring alternatives to earn more can be more advantageous solutions than taking out a loan.

Therefore, it is necessary to carry out a thorough analysis so that the loan is truly beneficial for you and your budget. 

What are the most common types of loans?

Did you know there are several types of loans? Each is designed for a specific audience and serves to provide the right credit you need when applying for a loan. Learn about each type of loan so you know which one to apply for!

Personal loan

A personal loan is the most common type of loan available. With it, the bank or financial institution lends you money for you to use as you need.

How does a personal loan work?

Personal loans are taken out by individuals directly with a bank or financial institution. The application process is straightforward and depends on several factors, such as a credit analysis. 

To apply for a personal loan, the bank will analyze your profile, taking into account your score, the amount you receive, and whether or not you have a negative credit history. 

In general, this is the most common type of loan, mainly because you don't need to state the purpose for which you'll be using the money. The interesting thing is that you don't need collateral to apply. 

The rate varies from bank to bank, depending on your relationship and the amount you want. 

The 5 best personal loan rates on the market

Check out the five banks with the best rates for personal loans on the market according to Central Bank:

Simulate a personal loan based on the rates above 👆

Simulate the amounts you want with our loan calculator with the interest rates above!

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Secured loan

This option makes it easier to obtain your loan. To obtain it, you must have an asset in your name that you can use as collateral to secure the loan. 

How does a secured loan work?

To apply for a secured loan, you must contact the company offering this type of credit. You must provide all the details of the loan you will be using. After reviewing the documents and formalizing the loan, you will be granted the secured loan. 

To use collateral for your loan, you must have an asset in your name. Common collateral includes real estate, vehicles, and, currently, loans secured by cell phones. 

The 5 best secured loan rates on the market

Simulate a secured loan based on the rates above

Using the table above, calculate your secured loan now with our calculator!

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Payroll loan

Another well-known and widely used option here is the payroll loan. With lower interest rates, it's an interesting option for those looking to borrow money. 

How does a payroll loan work?

Payroll loans are available to retirees, INSS pensioners, public servants (federal, state, and municipal), and military personnel. Before applying, you should check each company's requirements. 

The difference with personal loans is that the loan amount is deducted directly from your paycheck. Therefore, to be eligible, you must have a stable salary, which makes it available to this group.

On the other hand, it is very easy to obtain this loan and you can generally apply even if you have a negative credit history.

The 5 best payroll loan rates on the market

Check out the best payroll loan rates on the market according to Central Bank:

Simulate a payroll loan based on the rates above 👆

Check out your payroll loan now by calculating it with our calculator!

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Loan for MEI

If you are a MEI (Individual Microentrepreneur), you can get a good loan to help your business grow. 

How does the loan for MEI work?

To take out this loan, you must have an active CNPJ (Brazilian Individual Taxpayer Registry), as an MEI (Individual Microentrepreneur), and be up to date with all your obligations, i.e., pay the required fees and complete the annual tax return. 

The loan amount for MEI must be used for the company or business, that is, it is a loan that you use in a business manner, as a form of investment to make your company grow. 

The 5 best loan rates for MEI on the market

Check out the 5 best loan rates for MEI.

Simulate a loan for MEI based on the rates above 👆

Use our tool to calculate your MEI loan.

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Why use a loan simulator?

To ensure you know how much you'll pay, you need to run a loan simulation. There are several reasons why you might want to do this calculation to ensure the loan is truly what you need.

Be sure of the best loan

When taking out your loan, by calculating the total amount of your loan, you can be sure that the amount is ideal for you and that it is really worth requesting the money.

Know the best rate 

When you calculate both the annual and monthly rates, you can be sure of the correct amounts you'll pay and, ultimately, the best amount for your loan. 

Financial planning

By doing the financial calculation with our calculators, you can better organize yourself so you can make your installment payments and you can better organize your accounts, so that the loan is no longer a debt to pay. 

7 Tips to know if the loan is reliable?

When taking out a loan, you need to know if it's reliable. To that end, here are some tips to help you find the best and most reliable loans on the market. 

1 – Beware of loans with unrealistic rates

You know that unmissable offer with rates far below market rates? Be wary. Beware of supposed companies offering loans with unrealistically low interest rates. Research the company beforehand. 

2 – Look for companies regulated by the Central Bank

THE Central Bank regulates all credit companies. Search the website to see if the company you want to borrow from is regulated. 

3 – Do not make payments and transfers before receiving your money

No reputable loan company will request payments before sending you the money. So, don't pay anything upfront with promises that they'll release your money. 

4 – Be careful who you pass on your personal data to

When calculating and requesting loans from companies, do not share your personal information with strangers or unofficial contacts. Be careful not to jeopardize your loan.

5 – Do not make payments into personal accounts

When making your loan payments, you must pay them into corporate accounts. Be wary if the payment request is for individuals and you refuse to make the payment. 

6 – Check all company data

Check the address, phone number, email address, and all other information to ensure the company is actually operating. This way, you can be sure you're getting a secure loan.

7 – Conduct a company satisfaction survey

With companies like Reclame Aqui and other online data, you can conduct a satisfaction survey and be sure that the company you're applying for a loan from is trustworthy. 

Frequently asked questions about loan simulation

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