Personal Credit: Compare all Banks | Credit Loans



Credibom bank has, among its various products and services, a broad range of personal loans, each with different characteristics and purposes.

Credibom’s personal credit stands out because of its associated advantages. Once the interest rate is fixed, also the monthly installments payable are, allowing the customer to always know how much will pay for their financing.

In addition, Credibom provides optional insurance for credit protection and the consumer has the flexibility to choose the debit date of the monthly installment.


 Simple Personal Credit


 Simple Personal Credit is an uncomplicated financial product. Apart from having no associated contract opening commission, it has a very simple membership process.

The amount of funding can go up to € 4,900 and payment times range between 12 and 60 months. Interest rates (TAN) are between 8.85% and 10.85%, depending on the client’s risk assessment performed by the financial institution.


Credit for works and minor repairs


 Credit for works and minor repairs


Credibom works credit, ideal for consumers who want to remodel their home, allows financing up to € 50,000 and payment periods between 24 and 96 months, as best suited to the client.

However, the client must take into account that he has to present to the credit institution the detailed budget of the works to be done. This loan does not require payment of commission of opening of contract and the interest rate (TAN) varies between 10.45% and 11.45%.


Credit for furniture and decoration


 Credit for furniture and decoration


With financing amounts up to € 30,000, this Credibom credit provides payment terms ranging from 18 to 60 months. The interest rate varies between 9.70% and 10.85%.

In this case, the client does not need to present any budget in order to have access to the financing and also does not need to pay the commission for opening the contract.


Credit for appliances

Credit for appliances


For consumers who need to equip their home with appliances, it is possible to apply for this Credibom credit. The financing can reach € 30,000 and is exempt from the payment of the opening commission.

The client can choose to pay the financing between 18 to 60 months and the interest rate (TAN) of the credit for home appliances varies between 9.70% and 10.85%.

Credibom holiday credit


 Credibom also provides a holiday loan, with repayment terms of between 6 and 12 months, as well as a financing amount of up to € 10,000. There is no opening commission and the interest rate (TAN) varies between 8.85% and 9.25%.


Credibom Car loans


 Credibom Car loans


Credibom car credit is a financing for individuals, sole proprietors and liberal professionals, in which the vehicle is registered on behalf of the customer.

This vehicle may be new or used, and the term of payment of the financing will vary depending on the year of the vehicle, ranging from 24 to 96 months.

The customer can choose to apply for a car insurance through the Credibom bank, and the consumer can choose the coverage that is most convenient for him.

The Annual Nominal Interest Rates (TAN) vary between 5.15% and 9.15%, with the Annual Effective Annual Rate (APR) varying between 7.44% and 12.28%.

Competitors of the Cash for Loans and Financing


The number of Caixa’s competitors for home loans and financing has grown. Bank and financial inquiries and inquiries to finance the purchase of the home in spite of the “crisis in Brazil” has also increased, the reason may be the signs of a loosening economy. In years ago Caixa Econômica Federal reigned sovereign in the real estate financing market, nowadays times are different and future borrowers no longer have Caixa as a right institution to request their financing.

In recent months, Caixa has been adopting successive policies on credit and criteria for the release of funds. In addition, even though it is a state-owned bank, it refuses to pass on the Selic cuts, and many other things … Caixa Econômica’s rivals celebrate demand for real estate credit ostensibly by excluded customers. According to experts, resources have dried up and so credit has become difficult.


Loan offer for real estate


Loan offer for real estate


High-ranking officials from competing institutions attribute much of this movement thanks to the return of potential borrowers who are worrying less about losing their jobs in the face of good signs of the weakening crisis in the country. In fact what must be happening is the migration of about 30% to 40% of the clients that were formerly from the Caixa Economico and who are looking for these banks by interested parties that can not obtain a real estate loan.

As said before, Caixa has always had a much higher percentage of funding, and today is limiting it with the use of more stringent strict approval criteria. When charging higher or lower interest rates, it has always been the borrower’s discretion to choose where to get the approval of his loan, especially those who have good score and credit score.

It is not so much that we see so much loan offer being offered by all advertising media. Who “wins” are the borrowers who find good opportunities to take advantage of. On average, banks, Itaú Unibanco, Banco do Brasil and Bradesco Santander Brasil recorded a 30% simulation of housing loans.


Real estate loan in Santander


Real estate loan in Santander

Santander Brazil, according to the bank in July the interest rate began from 9.49% for 60 days that was soon extended until December. Like the lowering Selic, one of the government’s arms to contain crises, all retail banks and fintechs have massively offered the financing to purchase the home itself, including secured home loan.

The experts predict that the Selic will fall to 7% in the coming months, in practice the cost for banks to raise funds in the market will be very close to that offered by savings, 6% more TR. An executive in the real estate lending segment of Bradesco reported that the volume of simulations increased 30% higher in the last two months.

For operations between 20, 30 years the interest rates offered by banks end up taking away the candidate’s chance of getting loan approval in order to get some of those interested back, some banks have raised the amounts that can be financed. At Itaú, for example, the ceiling went from 75% to 80%.


Facilities for lending to property

Facilities for lending to property

The interesting in the last two years and that banks have stepped up the methods to streamline any approval process that can be culturally time consuming and complex, and this discourages potential borrowers. Because of this, online capturing channels and sending digital documentation have been widely used.

In BB’s real estate credit, the average time for approval of real estate loan proposals dropped to 20 days before they were 55. Of course many factors lead a borrower in completing loan to property in particular bank, however, knowing that the borrower now is much more likely to get an approval with fair terms, that’s good news.

Loans and financing


Choosing Caixa means spending more money than you may have now, but you can either access competitors or continue to opt for the Cash for Loans and Financing of your real estate – what will it be?


How to Borrow Money on Time without Bureaucracy

Home » Loans» Borrow Money Online Without Bureaucracy

Who does not need to borrow money? We all need money and when it hurts it is always good to know how to get quick easy money and without much paperwork, whether for a family health emergency, a gift for someone or even to generate cash flow in your company, it is always good to have several lines of credit at your disposal. Let’s look at some types of easy loans.


How to borrow money?


How to borrow money?

Loan through overdraft : Overdraft is a kind of cash credit reserved in the checking account, it is usually formalized with a limit release agreement made between the bank and its client so that it always has at its disposal a credit with certain amount bound in your bank account.

Loan with debit account : A conventional personal credit facility, offered in bank branch networks, indicated to account holders who do not have a pre-approved credit limit and want to take out a personal loan, is usually done through the automatic debit account chain.

Check personal credit : It is a type of personal loan in which the customer borrows money, leaving as collateral the amount of checks related to the number of installments of the loan and pre-dated for the days on which the checks will be discounted as payment .

Loan with the discount sheet : Mode with the cheapest interest of the market, in addition, the debits of the installments are made directly on the payroll. In cases such as retirees, INSS pensioners and Public Servants, the credit is made even with a restriction on the name.

Loan with Assurance of Alienation : Ideal credit for customers who own a vehicle in their name and preferably already taken away, it is when you need to make quick money . To get the resources just use the car as collateral for the loan. The vehicle is sold as a guarantee of payment.

Personal Loan with Card : In many Credit Cards in the market the customer has available the Easy Loan , a kind of fast and debureaucratized cash loan , the client can use a credit line with determined amount when and how he wants and in some cases can pay up to 18 times the same.

How to get approval of your loan application?


Even if banks are more flexible with some types of personal loans or payroll loans, your application may be refused. If this happens, you will need to prepare yourself better to increase your chances of getting approved for a new loan application. Lenders will want detailed and consistent information about your financial history.

When borrowing money, approval depends heavily on how well done was the credit analysis of your customer profile. If you are considered a high risk borrower, your request may be refused, other factors contributing to it, including the lack of assignable margin.

All of these types of loans are simple, quick and break the biggest bough in a need, but you need to be cautious when deciding to hire them, have before you sure that will fit into your monthly and family budget. Good luck!


Personal Credit – Compare and Save up to € 5,500


Caixa Económica de Angra do Heroísmo offers three great financing solutions so that its clients can realize their dreams and projects and face possible contingencies.


Personal credit 


 Personal credit from CEMAH


The personal loan solution of Caixa Económica da Misericórdia de Angra do Heroísmo is intended for private clients aged between 18 and 65 years, and amounts between 500 and 75,000 euros may be requested for a term which varies between 6 and 120 months. Regarding the mode of payment, this consists of constant capital and interest payments. The interest rate is appropriate to the risk profile of the customer and is defined according to the products and services that it has at Caixa Económica de Angra do Heroísmo.


Credit Training and Education


 Credit Training and Education


The CEM Training and Education Credit is intended to finance a higher education, technical-professional or even specific training, for individuals who are enrolled in technical-vocational, higher education or vocational training establishments.

The term of use of this financing is from 6 to 36 months (available in monthly tranches, contrary to what happens with CEMAH’s conventional personal credit) and the amounts requested can vary between 1,000 and 30,000 euros. As far as the repayment term is concerned, this can fluctuate between 6 and 96 months with monthly installments of capital and interest.

In order to have access to the training and education credit of Caixa Económica de Angra do Heroísmo, it is mandatory to present the annual proof of enrollment / enrollment.

The interest rate on this loan is variable, indexed to the 6-month EURIBOR, plus a spread of 3% to 4%.


Automotive Credit


 Automotive Credit


The CEM car credit is intended for holders aged between 18 and 75 for the purpose of purchasing new or used passenger, mixed or freight vehicles. With terms ranging from 6 to 96 months, the amounts requested can range from 500 to 75,000 euros, and the modality of repayment is a monthly installment of principal and interest.

Preparing your simulation. Please wait.

Can not find the credit solutions you are looking for? What personal credit solution would you like to compare? Monthly installment Quick Credit Consolidated Credit Formation Mini Credit Works and Furniture Car or motorbike Renewable Cheers Vacation Small Businesses Home appliances Wedding & Ceremonies Non Purpose Credit Compare personal credit

Credit Cards For Young People – Are You Looking For Credit Cards For Students?



Do you have to have your first credit card and do you have difficulty choosing the right one? Or are you in doubt whether a credit card is the right choice for you at all?

Then you can read here and learn more about the benefits of having a credit card and what options you have.


Credit card for students

Being young is not always easy to get approved for a credit card. Banks often require you to settle for a certain amount of wealth, as well as a fixed income to be approved. However, there are also solutions where you can get a card with a reasonable credit limit without having a full-time job or large savings.

Some online solutions have lower requirements for their customers than the banks, and there are good opportunities for getting a credit card as a young person.

However, you cannot expect to have a tremendously high credit limit if you do not have a substantial fixed income. However, this is also usually preferable as a young person, because it can be difficult to control his / her consumption when there is the possibility of spending money that one does not have. So there are nice opportunities to get a sensible credit card for young people online, even if you are a student.


Credit card as an alternative to loan


 Credit card as an alternative to loan

For many, a credit card can be a really good alternative to loans. Both consumer loans and credit cards are opportunities for spending money that you really do not have, but there are nevertheless significant differences between the two solutions. Below you can read about some of the benefits of applying for a credit card rather than a consumer loan.

See also: Consumption loans for young people

Reasons to choose the credit card

With a payment card, you have been approved in advance to be able to borrow up to a certain amount, for example DKK 10,000, through your credit limit. Once accepted, do not apply every time you want to spend the money. That is why it does something faster and it is a more flexible solution.

Great freedom

You are also not locked into having to use the money for one specific purpose, thereby giving a credit card you great freedom. Keep in mind, however, that it is freedom of responsibility, as of course you must be able to repay the money again and it can be expensive in interest and fees if you do not do so within the agreed period.

Discounts and point schemes

You also get a number of other benefits with a credit card. Discounts or point schemes are often included, so you can save money on various goods purchases and services such as travel, fuel, clothing or the like. In some cases, you also get travel insurance or other benefits that you would not get if you took out a loan instead.

Therefore, a credit card can help you gain greater financial freedom in your everyday life and at the same time give you the opportunity to save money.

Compare the Market and Save Up To € 5,500 | Personal Credit


Banco Best is a credit institution founded in 2001, based in Lisbon. This financial institution specializes in the areas of Asset Management , Trading and Banking , offering a varied range of services and products, among which is personal credit, which goes through partnerships with the largest banks, insurance companies and national and international management companies .


Best and personal credit


Banco Best and personal credit


In terms of the offer of personal credit, Banco Best allows amounts ranging from 2,500 euros to 50,000 euros, with terms that can range from 6 to 84 months, depending on your needs.

The purposes included in this loan also cover a wide range: you can invest in your training, start a business of your own, buy a car, do works at home, renovate the furniture, buy technology products or finance your holiday.

Banco Personal’s personal credit presents two solutions for those who wish to pay lower installments. You can apply for a capital shortage in the first 3 months, during which you are not paying off capital.

Another alternative to get a lower initial installment will be to transfer up to 30% of the loan repayment for the last installment. However, it should be borne in mind that, despite achieving lower initial monthly installments, with these solutions the Total Amount Imputed to the Consumer will be higher.

This consumer credit made available by Banco Best will pay an opening commission of 1% on the amount financed with a maximum of 100 euros. There is the alternative of paying the loan in 14 installments per year, with the double installment in two months at the customer’s choice.

It should also be noted that Banco Best makes it possible to exempt charges or commission from the settlement of the benefit. Included in the APR are various charges, such as the process study fee and the respective Stamp Duty and Stamp Duty on the use of credit.


Consumer rights


 Consumer rights


It is important to realize that the customer has a lot of rights when applying for personal credit. In particular, the consumer has the right to revoke the credit agreement within 14 days, without the need to invoke any reason. In addition, the consumer has the right to obtain a free copy of the draft of the credit agreement. All these rights are protected by law.


Documentation required


Documentation required


At the time of application, to join Banco Best personal credit, you must have the following documentation:

  • Copy of identification document of the 1st and 2nd Holder updated;
  • Copy of the Fiscal Identification document of the 1st and 2nd Holder updated, if this is not presented in the identification document;
  • Copy of proof of income of the 1st and 2nd Holder (last declaration and IRS Settlement Note delivered, if the payee is domiciled in the bank, only the last due date is required, otherwise, the last three paychecks will be required) ;
  • Document proving address (receipt of water, electricity or telephone);
  • Updated labor bond statement;
  • Extracts from Accounts Deposits to the Order of the last 6 months (desirable) or, if not possible, for at least the last 3 months.

But it is important to have attention, because it is possible that the financial institution requests other documentation than this one that is mentioned.

4 Ways to Be Smart When Using Hassle Free Credit


When one has money or use credit to borrow money from banks or marketplaces of credit or online personal credit platforms is easy, however using the credit received intelligently there is not for anyone.

Doing the right money management is not only to increase the amount saved in savings to reach your goals with investments in dollars, with public or private bonds as in the newest way to earn money (investing in Biticoin crypto-coins or investing in peer to peer lending ). Be a good steward of money and more focused on having responsibility in using credit to realize your dreams and goals and not get lost in the way of debt and still have the name denied.

Be smart when using credit or loan

Be smart when using credit or loan

Personal credit is often the ideal lifeline for people who find themselves in a situation that urgently needs cash to cover an eventuality or urgency. Taking short term unsecured credit (personal loan), up to 1 months in general, has easier access and can even be claimed by people denied in the name.

“Do you have to pay costs and expenses related to your child’s education? Do you have to pay for medical emergency fees? Do you have a lot of spending on household things? Or, do you need a loan to travel now on vacation? We know that there are many special events in life that need to have money.

Personal credit often plays a super important role in people’s lives, helping to realize projects and realize dreams, however, it also reminds us that “every working citizen must know how to manage his money responsibly to keep his finances and credit intact .

Applying for personal credit to cover fixed expenses or to purchase items that are not needed is not a good decision. You’d better save your money instead of squandering and managing your expenses with caution to get everything under control. Listed below are some tips that will help you become a “smart manager” when using personal credit.

1. Hire credit from an authorized institution

1. Hire credit from an authorized institution


There are many online lending institutions and loans making web and email offers tempting, but it may not be the best time to hire credit. Personal credit today is about 8% a month and if you have restriction, that interest rate can reach 18% or even 25% a month. Anyway just ask for personal credit if you are sure that the company or credit platform is reliable and secure.

See here over 21 secured negative credit companies and the 12 best online loan companies.

2. Do not overextend with credit terms


2. Do not overextend with credit terms

It is in this part that monetary discipline is essential. We know that a loan is very tempting, so be aware and do not borrow more than you need, as this can negatively impact your budget, so if you become financially complicated, you will not be able to pay.

Choose the required amount with a payment term that fits into an acceptable budget. The term chosen to repay your personal credit is extremely important, it directly affects your monthly payment, but in longer terms it affects increasing the outstanding balance.

Always make sure that you will be able to pay what you have been hired. If you can anticipate installments of your loan from time to time, better yet!

3. Pay properly and up-to-date


3. Pay properly and up-to-date

Pay off your personal credit on the days of maturity without any delay until it is over, it will be extremely important for you to maintain a good credit history, increase your score, and facilitate future hiring of credit in the future.

4. Pay cash or automatic debit?


Nowadays to use credit is a cinch, you can contract on several platforms in the internet online credit with ticket or card, however through an automatic debit order without any doubts is one of the easiest, most reliable and economical ways to fulfill your repayment obligations and not forget to pay your loan on the right day. Good luck!

Fees and Taxes You Need To Know When You Borrow Money



Below you will find a guide to the fees and charges you can expect when you borrow money.


As a borrower, it is important to remember to take into account that you must not only repay the amount of money you originally borrowed from your provider, but also have to pay fees in addition.

The amount that you have borrowed is called the loan proceeds. The loan proceeds, including the fee for establishing the loan and the so-called capital loss together, are called the principal . This indicates the actual size of the loan amount that you ultimately have to repay.

The amount that constitutes the principal is most familiar with before, but many forget to take into account all the fees and charges associated with borrowing. However, it is important to familiarize yourself with these as they can significantly increase the amount you have to repay.

These charges vary depending on the type of loan you have taken. Therefore, it is important that you, as a borrower, always familiarize yourself with the costs associated with the loan you are considering taking. That way, you are prepared for and familiar with what your loan will actually cost you.

We have here collected the most common fees and charges you can face when borrowing. In this way, you know what costs you should be aware of in connection with your loan.

The interest amount must also be repaid

The interest amount must also be repaid

Interest is generally a fee, which is a percentage of the amount you have borrowed. This interest amount must be repaid to your lender, and thus comes in addition to the principal as you mentioned also repay.

An interest rate is usually calculated on an annual basis or another period or quarter that is set. Therefore, you will find that the price of your loan increases in stages during your loan period. In addition to this annual interest rate, you also need to know: Interest rates, effective interest rates, nominal interest rates and variable and fixed interest rates.

Interest rate interest is important in this context.

Renter’s interest refers to the fact that the same amount repays several times. So an interest rate on the interest rate. If you have a loan where you have to pay the interest rate, you have to pay interest on your loan amount and interest on the interest until you start paying off your loan.

Fee on loan formation

Fee on loan formation

For certain loans, you must pay a founding fee, which, as the name indicates, is a fee for setting up a loan. This fee is also sometimes referred to as a foundation fee or establishment fee.

Some loan providers will charge you a set up fee. Other loan providers allow the formation fee to increase depending on the amount of money you borrow. In addition, the fee may also constitute a percentage of your loan amount.

On the small loans, this fee will often be relatively low. On the larger loans that are settled on a percentage of the loan amount, you can advantageously examine what the different providers can offer you, which you can investigate right here .

The foundation fee is usually about 2% of your entire loan, but may vary. Most often, the foundation fee covers the stamp duty to the state, registration of your documents and handling fees. The foundation fee is thus linked to the fact that your loan provider must pay some expenses as they are imposed by the state.

However, it can also be a fixed percentage of the loan that you must pay to start with as a private borrower. This is especially true for home loans.

Fee for managing your loan

Fee for managing your loan

In connection with most loans, you have to pay fees for managing the loan including billing and payment.

Most loan providers charge a payment fee of approx. DKK 25 and a billing fee of approx. DKK 33 The payment fee is most often dependent on the form of payment. If this happens, for example. via payment service or via payment card.

These fees may seem small and irrelevant, but there are still extra costs that increase your borrowing costs.

Smoking letters also cost you extra

Smoking letters also cost you extra

If you do not want to pay your monthly installment in time, you will not forget that you receive a reminder letter.

Loan providers usually send up to 3 reminder letters. According to the Interest Act, these are subject to the rule that they must never cost more than DKK 100. After the 3 reminder letters you are forwarded to Debt collection, where a fee of DKK 100 is usually also involved.

Remember! That you always have the opportunity to change your payment plan if you for a period of time experience that you cannot pay your monthly installment. You just contact your loan provider here to help you. Keep in mind that your provider is always interested in the loan being repaid and therefore is usually willing to change your plan.

Fees if you opt for insurance for your loan

When you borrow, you can choose to add a security insurance to your loan, but be aware that this is not free. You have to pay a fixed percentage of your monthly loan service.

Such a security insurance covers your payments if you, for example, should get out of losing your job or the like and therefore unable to pay for themselves.

This insurance fee depends on your loan provider, but will often be approx. 8% of the monthly payment.

Of course you only have to pay this fee if you have actually chosen insurance for your loan.

When you take out a mortgage loan

When you take out a mortgage loan

This fee is related to the admission of a so-called mortgage loan from a bank or mortgage bank. There is also a fee to be paid here.

Here, the fee is a standard amount that is determined by the individual bank or mortgage bank. This fee may be between DKK 2,000 and DKK 4,000 depending on the provider. However, in some cases the fee can be negotiated.



The fee that a customer pays to a bank when trading in bonds or shares. Ie the costs a bank has when selling the bonds that have borrowed. The bank charges a fee to convey this transaction and it is the one called brokerage.

The contract value amounts to 0.25% of the value of the bonds (up to DKK 3 million). It then falls to 0.20% of their total value.

The fee differs from provider to provider, so here is good reason to investigate and compare prices.

transfer duty

Most often, the characteristic of housing trading is that the mortgage loan is registered. After that, the loan is legally binding, which helps to secure your rights when purchasing your property.

The registration tax thus refers to everything that has to do with this land registration service.

The mortgage bank and the bank usually charge a fee that depends on what you are interested in enrolling.

If mortgage deeds are already registered, when you make a home purchase, you can actually save money if you take over this property registration. Then you only have to pay tax if you want to increase the amount of the registration of the mortgage deed.

Remember that fees can vary and be negotiated


The majority of the above-mentioned fees and charges on loans you will experience no matter which bank you borrow from. However, they can vary in size.

In addition, you will find that when you go to the bank, in some cases, these fees and charges can be negotiated in size. Including especially when they apply to your loan’s interest.

Always make as many offers as possible from as many banks as possible. This way, you know what the different loan providers have to offer you. You can compare all your options that best suit your needs and your finances by clicking here .



The New Alternative of Online Loans on Websites


Do you know any new loan alternatives ? The famous social loans, this is the new craze to get financial resources with low cost and near zero bureaucracy. It is not today that the internet has come to “facilitate the life” of the citizen and in the social loan operations are carried out entirely in a virtual environment (site), suitable to complete the exchange of money between people.

I have said here in the portal that Brazil in terms of lines of credit and loans to individuals is light years behind other countries. The social loan is one of those lines of credit that was barred by the “Owners of the Country”.


New Alternative Loans


 New Alternative Loans


Also known as a “peer-to-peer loan,” social loans is a widely used form of consumer credit in Europe, North America and Australia, the main idea is to get you in direct contact with private credit providers through use of online platforms appropriate for this type of operation.

The concept of the line of loans (capital loans) is to create a virtual environment that facilitates the exchange of money between individuals, realizing a true market of personal loans where creditors and borrowers find ideal conditions to arrange the financing of the concession and also the reimbursement of credit with the payment of a certain amount of interest agreed between them.


Alternative Peer-to-Peer Loans


 Alternative Peer-to-Peer Loans

The Peer-to-Peer site is the intermediary of a meeting between a creditor and a money-maker. The site is also able to ensure the suitability of the business and the participants. In this particular financing model, the intermediary (site) earns a commission, generally paid by the person requesting the loan (the commission varies between 0.5 and 2%).

The interest rates of the social loan is also good, it is usually charged between 2% and 5% depending on various factors, conditions and terms. The fact is that this mutual benefit to the lender and contractor has helped make this form of loan a great alternative to bank loans that have higher fees and exaggerated bureaucracy for granting.

Alternatives to collective loans

 Alternatives to collective loans

The form of personal and occasional loan between two individuals that takes the form of collective loans in Brazil is considered illegal and there is no regulation provided by law, here only financial institutions holds the right to offer money at interest. In more advanced countries, the Civil Code itself qualifies the creditors and allows contractors to freely hire private interest.

Although everything happens in virtual environment, it is necessary to sign contract with all qualifications and financial reports to be validated and legitimate, including the date of repayment, type of loan, personal information of both parties, total, interest rates etc. ., the legal consequences are the same as a financial operation of the conventional system.

“Personally I doubt that here in Brazil this new loan alternative will be released at least in the next 5 or 10 years”

UPDATE : After a few years after writing this article, the scenario changed completely and was once considered as a threat to the profits of the big banks, today is the purest reality, the debit is in full swing and you who are a consumer of credit is the favored one, if you want to know more about everything related to peer-to-peer.

Proof of Income: What It Is, Importance and How to Prove Income



 Everyone has gone through a situation where a proof of income was required .

Almost always they are required to release credit products.

Therefore, loans , financing and credit cards always have this requirement. There are cases where it is also required to open bank accounts.

Whatever the purpose, it serves for financial institutions to assess credit risk . It is from then on that they determine the limit that can be made available.

The problem is that although the practice is common, many people do not know which document they can use for this purpose.

In this article we will take all your doubts about income vouchers . Check out!


What is a proof of income?

 What is a proof of income?


The act of proving income is nothing more than confirmation that a person will be able to shoulder a debt.

For this she presents vouchers that record her gross family income.

Generally, they are documents that present the monthly incomes in a certain period of time .

It is according to what the person is able to pay that will occur the release of credit.

It is natural, then, that no document is accepted for this purpose. Many people believe that they can issue proof of income online.

The situation, however, is not so simple. Reliable sources are required to validate the record.


What is a proof of income for?


 What is a proof of income for?


The function of the voucher can be understood on two sides. As we have seen in previous topics, for the bank means a safe way to analyze the viability of the loan .

This way, no financing is released that could compromise the clients budget.

If you win $ 2,000, you will not be able to afford installments of $ 1800 on a loan.

The transaction would pose risks to both sides . Those who are looking for the loan have in the supporting documents how to ensure that they can keep the commitment.

Importance of proof of income

 Importance of proof of income


 By analyzing the function of this documentation well we can understand its importance. We know that institutions protect themselves from default, that is, from the loss that could be caused by non-payment .

There is, however, a dimension of consumer protection in this story as well.

See that by preventing a person from taking out a risky loan, he is getting rid of a potential debt.

A framework that could end up evolving into a dirty name .

Consequence that can hinder the life of individuals and companies, preventing them from having access to credit in the future.

In what situations do I need proof of income?


 In what situations do I need proof of income?

But, after all, what are the situations where proof of income is required?

The most common example in this regard is the borrowing .

Financing is another common practice in which vouchers are required and these can be real estate or student loans.

In the rental of real estate also occurs the requirement , as well as in the consortiums for the acquisition of goods.

To open accounts and be entitled to credit card, check stubs and special credit limit as well.

It is interesting to note that with regard to loans it is possible that they be carried out without proof of income .

To know more about the loan without proof of income just check our article on the subject. The following is a summary of how credit is granted in these cases.


Do I need to prove my income to make a loan?

Do I need to prove my income to make a loan?


It is not always necessary to prove income, as we saw in the last topic. What happens in this case is that the interest is usually higher, because of the risk assumed by the financial .

Even so, this option is good for emergency situations. Those who are unemployed may also have difficulties when it comes to getting credit .

In this case the only documents required are those for identification – RG, CPF and proof of residence.

Of course, if we do not talk about emergencies it becomes more advantageous to look for the option that requires proof of income . Because?

The main reason is that interest rates are usually lower, after all, the risk to the borrower is lower. Want to find the best rates on the market?

Make your personal loan search good for credit.


Can I Hire a Credit Card without Checking Income?

Can I Hire a Credit Card without Checking Income?


 We have seen that in order to obtain a credit card it is common to have an obligation to prove income .

We also said that there are some loans that do not require the requirement.

Well, know that the same is possible with the cards. In general this service is often difficult to release for freelancers and people who are starting financial life.

One of the credit card options without proof of income is the college model .

To acquire it, in addition to being enrolled in a higher education institution, it is necessary to open an account at the bank that offers the service.

Other options are to link the card to a savings account or use the prepaid template. Want to compare options to choose the best alternative for your need?

Then take advantage to get your credit card in Good Credit!


What to Do to Get a Proof of Income?


 What to Do to Get a Proof of Income?


By now you may be wondering how you can get a voucher for your income, right?

There are numerous documents that can serve this purpose . The choice will depend on your particular situation.

Those who have a salary and a fixed job, for example, can use the work card as proof of income .

It is also important to remember that each institution can present its own rules.

This means that documents that are valid in one situation, or location, may not be in other circumstances.

Therefore, to obtain a voucher before it is necessary to know what document required by the company in question .

We will deal in detail below with each of these options and the contexts in which they are useful.


How to Check Income?


If the occupation, financial institution and objective determine what will be required, how then can we prove income?

Once the required documents are known, the process is very simple.

Among the most common proofs are the declaration of income tax, pay stubs and bank statements.


Anyone wishing to make a proof of income should actually look for one of these documents.

The same is true if other vouchers are requested, even though the citations serve in most cases.

For those who do not have a fixed salary, however, the process is differentiated . The following explains how this category of professionals should confirm their income.

MEI and Small Business Owners


For Individual Microentrepreneurs (MEI) the corresponding document is the Annual Declaration of the Individual Microentrepreneur, DASN-SIMEI.

The registry includes among its information the annual gross revenue of the enterprise. Always remembering that for the MEIs the maximum yield can not exceed the R $ 81 thousand per year .

This means an average of up to R $ 6,750.00 per month. The important thing is that for the two categories of businessmen described, the annual income records that are delivered to the Revenue serve the purposes of verification .

Freelancers and Professionals

Freelancers and Professionals

Your question is how to make a proof of income as a freelancer ?

In these cases where there is no fixed income, the income tax helps to demonstrate the income of the professional.

If there is fixed service provision, an Autonomous Payment Receipt (RPA) is enough.

Here the document has the same validity as the paycheck for fixed workers.

Other assumptions involve long-term supply or sales contracts.

We must emphasize that for some institutions a history of stability is still relevant . Therefore, the indebtedness can count negatively when the credit is requested.

Are you self-employed and looking for a loan to take your plans off the paper? Know that Good Credit can help you in this endeavor.

Want to know how? So check out the top information about the online loan for freelancers and enjoy to simulate yours for free!

Signed Portfolio Workers

 Signed workers are those who have the least difficulty in proving their income.

Just present the document to confirm your income. Of course, not all institutions will only accept the portfolio. It may be necessary to present the latest holerites as well .

In some cases the requirement will include the declaration of the Income Tax.

If the professional presents variable income – as in the previous examples – the rule changes a little. Three paychecks may not be enough.

The institution will determine the period required to arrive at a reliable average of income.

Learn more about salary loan options in the guide we have prepared.

Retirees and Pensioners

The last category we will deal with is retirees and pensioners. For them, the proof of income may also be the IR’s statement .

The document is valid even for those who have a patrimony that serves to supplement the income through rents.

The same rule applies to any bank applications. A common question among retirees and pensioners is also whether there is a proof of INSS income .

What is there is the statement of social security that serves to attest the income of the insured. Net and gross amounts received can be found in it.

What is Considered Proof of Income? Types of Proof of Income

 What is Considered Proof of Income? Types of Proof of Income

The variety of documents that can be used to prove income is quite wide. We have already given several examples that fit the most different situations and needs.

Nevertheless, we remember again that the best guide to know which document to present is the credit institution itself.

What we can talk about what serves as proof of income is what it should present.

For, whatever its nature, it must be issued by a reliable source to confirm and record its income.

We will now outline an overview of the documents most frequently required by banks and other institutions.


It may be that most of your income comes from a pension – the INSS, for example.

In this case, it is possible that filing a record as income tax is not enough. It will probably be necessary to present the proof of receipt of pension .

With regard to the INSS statement, it can be withdrawn from the Social Security portal or from an agency of the agency.

This record serves to prove income in financing and is indispensable for payroll deductible credit . If you are retired or pensioner, take advantage of the facility to withdraw this voucher online.



 The Proof of Income Perception or Decorating Statement is a document intended for liberal professionals.

Although little known, in 2000 it replaced payrolls in proving the earnings of the workers in that category.

Thus, it serves for lawyers, dentists, brokers and different autonomous functions .

It is recommended that the record be prepared with the assistance of an accounting professional. He will know which documents to put together for Decore.

The accountant may need statements, income tax returns, receipts, rent receipts and so on. Anything that can generate income should be remembered.

Contract of Work

Contract of Work

If you have an employment contract – no matter whether fixed or just regular – it can serve as proof of income . It is through it that the monthly earnings will be calculated.

Recall that service contracts are a good alternative for those self-employed who wish to prove income.



This is a very specific voucher that demonstrates all the employee’s monthly earnings.

That is, credits, including overtime, and debts are recorded on the paycheck.

Most financial institutions accept this voucher . It should only be observed its date of issue: up to 90 days before the request.

Therefore, the documents that correspond to the last 3 months of salary are presented. It is worth noting that information on the paycheck is not always complete.

When there are commissions on sales, or profit sharing, some companies end up not detailing the source of income.

Income Tax Return

Income Tax Return

Another document very requested as proof and which we have already mentioned several times throughout this article.

Virtually every institution and circumstance that involves credit can make use of IR . With it we inform the income of the previous year.

But beware: even though it is widely accepted, one must be prepared to present other documents as well.

What’s more, they must always be up to date. A bank statement, for example, may serve to confirm what is present in the Income Tax.

If there are divergences between the registries the granting of credit will eventually become more bureaucratic.

For those who do not pay IR it is worth remembering that there is no proof of tax exemption. Want to know everything about the statement?

Our article about the income tax (IR) will get your main questions on the subject!

Bank statement

Bank statement

 This proof of income is probably what most raises doubts and controversies . It is not always accepted and the objection may even be recorded in credit agreements.

If there is no impediment, however, the same procedure of the paychecks is adopted. That is, they present documents related to the last 3 months .

Thus an average income can be calculated to guide the credit analysis .

Taking into account that it is not usually officially a voucher, it is interesting to increase its credibility.

Instead of getting it at the ATMs the recommendation is to get it with the bank manager . He can sign and (or) stamp the extract increasing its reliability.

How to Check Income with Bank Statement?

First, bear in mind that it is not officially a voucher. Although it is undeniable that it can point to income, since it records the financial movement of an account.

This is the reason why many banks accept the statements .

But, after all, how to prove income through bank statement? We reiterate that this will depend on the financial institution.

In any case, if this document is accepted, it is necessary to present, as we have said, a minimum of 3 months of extracts . When necessary the term can increase to 6 months.

Work Portfolio

Work Portfolio

A work contract with active contract is already used in most cases as a proof .

The reason it is accepted is the record of the base salary on your pages.

But it turns out that right here is a but: your income will not necessarily sum up to this value .

Therefore, there is a possibility that you can afford larger loan or credit amounts.

In this particular case, the work permit serves as proof of income , but it can not be the only one. Other documents must be submitted to arrive at your actual income.



The pay stub is nothing more than the paycheck: a monthly receipt in which credits and debits of a job are recorded .

Among the people who can use the document for verification purposes are salaried workers, retirees, pensioners and also public servants.

Frequently Asked Questions about Proof of Income


To complete this true dossier on proof of income, we must still answer a few more questions about the subject.

We will deal first with proof of income for those who are unemployed . We’ll talk about family income later. Check out!

How to Check Income Being Unemployed?

How to Check Income Being Unemployed?

 Most of the documents we mention throughout this article demand that the person be employed or working on their own.

And it does not matter in this case whether the work is formalized or intermittent. In what way could a proof of income be made for those who do not work ?

First of all we must remember that the income tax can also be declared by unemployed persons. After all, it concerns year-round income.

To present proof of income unemployed there is still another option. Learn all about unemployment insurance to find out how this is possible.

What is a Family Income Statement?

What is a Family Income Statement?

It is likely that in some circumstances when trying to prove your monthly earnings you have come across a household income survey.

What this represents is the gross sum of what each resident of the same household earns . In this case we count in the calculation all the gains received.

Including pensions, pension benefits, commissions, self-employment income and so on.

The concept should not be confused with per capita income. The latter refers to the division of family income by the number of individuals who constitute it.

What Happens If You Use Fake Income Statement?

What Happens If You Use Fake Income Statement?

Before closing, we leave a warning: all vouchers that are presented to financial institutions and other companies must be legitimate.

It is true that today on the internet we can find ready and editable documents. But know that organizations have the means to check the legitimacy of registration.

Therefore, when presenting a false income statement, in addition to running the risk of having the credit denied, the institution can bring the matter to justice .

Falsification of documents is a crime and can lead those who use it to have to respond legally. Do not fall for this trap!



The Proof of Income is essential for obtaining credit and even for hiring some services .

Are you looking for personal credit? Do not worry, we’ll help you find it. Visit Good Credit to find out how!