Mercantile Bank of Brazil
Personal loan with fixed rates, digital application, amounts from R$230 to pre-approved limits and flexible terms of up to 34 months, ideal for unexpected events.
The personal loan offered by Banco Mercantil do Brasil is an attractive option for those seeking flexibility and speed in obtaining extra money. Designed primarily for account holders, the loan allows for amounts starting from R$230, with the maximum amount depending on the approved limit for each profile. Available terms range from 2 to 34 months, with payment in equal installments, facilitating the borrower's financial control.
In addition to the ease of simulation and contracting, the process is entirely digital, which adds speed and security to the customer experience. Those seeking convenience can access it through Internet Banking or the institution's self-service terminal, without needing to justify the intended use of the funds.
Step-by-step guide to applying for your Mercantil Personal Loan
To apply for a personal loan from Banco Mercantil, follow these steps:
- Become a Mercantil account holder and check your pre-approved credit limit.
- Access your account through Internet Banking or at ATMs.
- Choose the personal loan option and fill in the desired amount and term.
- Review the conditions presented, confirm, and complete the request.
- The money is automatically credited to the account, if approved.
Advantages of Mercantil Personal Loans
One of the main advantages of this loan is the predictability of the installments, which are always the same from the beginning to the end of the contract. This avoids surprises in the monthly budget and contributes to the financial planning of the borrower.
Another major advantage is the ease of access: no bureaucracy, quickly identified and completed in minutes, directly through the bank's digital channels. There's no need to justify the reason for the loan, making the solution even more versatile for emergencies or opportunities.
Disadvantages of Mercantile Personal Loans
Among the limitations, it's worth highlighting that only current account holders of the bank can apply for the loan; in other words, those who are not yet clients need to open an account first. Another consideration is that the maximum loan amount is tied to the individual credit limit, subject to internal bank review.
Furthermore, since this is a non-secured personal loan, the rates may be higher than those for products with guarantees or payroll deductions, depending on the approved profile.
Final verdict
Mercantil Personal Loan is ideal for existing bank customers seeking quick solutions for unexpected expenses or to balance their finances. Its digital process and fixed installments help with budget control and organization.
However, always analyze the CET (Total Effective Cost) and fees before signing a contract, comparing them with other alternatives on the market to choose the best option for your current situation.
