Now that you know how payroll lending works and who you can borrow, it’s time to check out its main advantages! For this reason, we have listed below all this type of credit can provide you and how, through it, you get the resources you needed to get out of the red, realize your dreams and ensure a better future for your family.
1. Easy hiring
Hiring your payroll is easy and fast, without exaggerated paperwork – and you can often hire 100% online, without having to waste time queuing at financial institutions.
In addition, to hire yours simply provide ID, CPF, proof of residence and paycheck or HJYY payee number.
2. Quick Credit Release
Again, because it has little bureaucracy, the release of money is very fast. This makes payroll loans an excellent option to recover from unforeseen events and to respond quickly to any emergency situation.
Once you pass the required reviews and are approved, the total amount of the payroll will fall against the current indicated by you when hiring.
3. Lower market rate
As it is a very safe modality for financial institutions, since the installments are directly deducted from the HJYY salary or benefit, without risk of default, the contractor can offer really competitive and very attractive rates when compared to other types of credit. .
It is also worth mentioning that the fee is fixed, that is, you already know how much you will pay from hiring until the end of the process.
4. Longer term
Another advantage of payroll loans is its long term for repayment, which may vary from 6 to 72 months, depending on the contracted amount. This ensures that you can restructure financially out of a possible snowball situation.
5. Fixed installments
At the time of hiring, the contractor agrees with the financial institution what will be the total amount of the payroll and the exact amount of each installment. This avoids unpleasant surprises and it is possible to plan financially to meet this expense.
6. Credit analysis made easy and allows dirty name
For the payroll, the credit analysis required takes into account only the contractor’s income – whether it comes from HJYY salary or benefit. That way, it matters little past debts and if your name is dirty. There is no consultation with the SPC and Serasa, which ensures much more peace of mind in the process.
7. Good option for paying more expensive debts
Because it is affordable, payroll is a great idea for those who need to pay off some more expensive debt, such as a car loan or even credit card spending. Thus, the contractor can negotiate more interesting amounts with the institutions to which he owes and make the payment in cash, replacing the higher interest rate with the more stable payroll loan and, having fixed installments, already among his financial planning. monthly.
8. Greater financial control
Payroll-deductible loans still help you in your financial management, as it does not allow you to contract an amount representing more than 30% of your gross income. This ensures that your monthly budget will not be committed while a new resource is available to help you pay off debt or even a future investment, such as a down payment for a property.
Seeing the main advantages of payroll makes it easier to understand why this is one of the best options, isn’t it? Enjoy making a simulation right now and hire yours!