What are the best loan options for employees?
Financial unforeseen events can happen in anyone’s life, right? At these times, it is very important to have the adequate knowledge to prepare a plan that aims to cover such monetary deficiency and, thus, can bring normality to the daily life.
In this context, the loan is one of the best solutions to solve this problem, after all, the sooner this need is resolved, the better it will be for the individual who is going through a need to have financial capital at hand to solve a pain (situation problem).
With that in mind, we have prepared this article in which we will show you the best loan options for those who are salaried under the CLT – Consolidation of Labor Laws regime. Are you interested in the subject? Then continue this reading and learn more about the topic.
This is the best option to have a loan as an employee, after all, this modality is the one with the lowest interest rate among all options. This happens due to its low credit risk, in which the value of the installments of the contracted loan is already discounted in the payroll.
Therefore, the payroll loan for employees establishes a “win-win” relationship, that is, both the lender and the borrower achieve advantages in this financial transaction, in which the lender knows that the risk of default is low, and the the borrower will have the money he needs in hand and paying interest below what is practiced in the market.
Pre-approved personal credit
Pre-approved personal credit is a quick and viable alternative for employees or not, given that this type of loan is already available for hire. The interest rate may vary over time according to financial history; and if the banking relationship is good, interest rates will tend to fall.
To make the contract, just use one of the self-service channels or go directly to your agency to request the loan and the desired amount. The installments will be deducted directly from the account, facilitating their management.
Although many do not realize that overdraft is a form of loan, this is one of the most widely used credit lines. But this is not a good choice for the long term, as the interest rates practiced are one of the highest.
However, it can be a short-term solution for the salaried worker, in which he will use the resources of the financial institution that maintains his current account to cover capital for a few days. Another advantage is the fact that it is an automatic contract, that is, from the moment the current account has a debit balance, the loan goes into effect immediately.
But as we said earlier, all this convenience comes at a high price, so plan to pay off that debt as soon as possible.
Credit card limit transfer
The transfer of the credit card limit is offered by some financial institutions as a form of loan, especially when the card is linked to the individual’s current account. This is a great option for employees or not, after all, it is possible to have liquidity and immediate credit, as this transaction can be contracted by the main self-service channels.
But before making this contract, it is important to check the CET (Total Effective Cost) of the operation to avoid unpleasant surprises when paying off the loan.
As you can see there are good loan options for employees, however you need to analyze each one according to your needs and payment term.
Would you like to offer the payroll loan benefit to your company’s employees? Then visit our website and register your company. And, if you have any questions, contact us and talk to one of our consultants.