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
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.
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.
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.