Midway
Loan of up to R$ 17,000, unsecured, with up to 90 days to pay the first installment and fixed rates. Easy application through the app or stores.
Midway Personal Loans are gaining prominence in the Brazilian market by offering speed and ease of application. It's an attractive option for those seeking quick credit without collateral. Loan amounts can reach up to R$17,000, with up to 90 days to pay the first installment and fixed interest rates, providing greater financial predictability for consumers.
People who want to carry out projects, pay off debts, or simply invest in their dreams can count on accessible conditions even without presenting a car or property as collateral. They simply need to pass our internal credit analysis, which is done in a simple and transparent way.
Step-by-step instructions for requesting
Applying for a Midway Personal Loan requires just a few steps. First, download the Midway app to your smartphone, available in all major app stores.
Access the “Loans” option in the menu and choose “Personal Loan”. Set the desired amount, the number of installments, and the due date.
Select whether you want to purchase with or without financial protection insurance. Review the terms and complete the purchase through the app.
This option can also be requested at Riachuelo physical stores or through the call center. The application is approved within minutes after a financial profile analysis.
Advantages of a Midway Loan
One of the main advantages is the absence of required collateral. You don't need to own any assets to participate.
The limits are attractive, reaching up to R$ 17 thousand, with flexible payment terms and interest rates predefined in the contract.
Disadvantages of the Midway Loan
Because this is an unsecured loan, the rates may be higher than options that require collateral or secured loans.
Furthermore, approval is subject to internal credit analysis, which may frustrate those seeking speed but lacking a positive credit history.
Verdict
The Midway Personal Loan is recommended for those who want convenience and don't want to offer assets as collateral. The quick application process, both through the app and in stores, is a plus for those seeking speed. The point to note is the interest rate, which may still be higher than secured loans. Assess your financial profile to use the loan wisely.
