Simple Loan for People with Bad Credit
Credit for those with negative credit history, without bureaucracy, fast approvals, and amounts from R$500 to R$3,500. Payment in up to 12 months. Apply online securely.
The Simplic loan for those with negative credit stands out for accepting people with credit restrictions, making it an attractive option for those with a bad credit history. Available loan amounts range from R$$500 to R$$3,500, with repayment options between 3 and 12 months. However, the total effective annual cost (CET) is quite high, ranging from R$572.32% to R$1777.54% per year. The application process is entirely online, simple, and quick.
How to apply for a Simplic loan if you have a negative credit history.
- Access the Simplic platform and choose the desired amount.
- Simulate the payment terms and number of installments.
- Fill out the form with your personal and financial information.
- Please attach the requested documents, such as your ID and proof of income.
- Please wait for the credit analysis, which may take up to 48 hours to complete.
- If approved, the money will be deposited directly into your bank account.
Advantages of the Simplic loan
Simplic is great for those who need quick approval and don't want to deal with bureaucracy. The entire process can be done through the company's website, without having to leave home.
Furthermore, even people with negative credit histories can apply for the loan. There are no upfront fees: everything is deducted directly from the installments after approval.
Negative points of Simplic
The main disadvantage lies in the high interest rates, which are above the market average. This can significantly increase the final cost of the loan.
The maximum amount is R$3.500, which may not be sufficient for those needing higher credit. Furthermore, late payments incur additional charges.
Verdict: Is it worth it?
The Simplic loan is suitable for those who cannot obtain credit from traditional banks and are in urgent need of assistance. Despite the high interest rates and low credit limit, the ease and speed of the loan compensate for this in emergency situations. However, it is essential to be certain that you can afford the repayment to avoid incurring new debt.
