Category: Payday Loan

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There are plenty of advertisements in which banks offer us favorable credit products, whether they are Personal Payday loans, mortgages for housing or other types of loans. There is competition between banks for customers, so they are trying to get the best deals for them. The more advantageous offer primarily involves lower interest rates, but not only can interest rates be the difference between offers, they can offer many other attractive and preferential terms.

Competition and the different profile and target groups of banks

Therefore, you should always look carefully at the offer, compare several bank offers before deciding which bank to use. In addition to the interest rate or the amount of the repayment installment, the benefits associated with the fulfillment of the various services or conditions, as well as the benefits associated with the contract, must be taken into account.

Due to the ongoing competition and the different profile and target groups of banks, you may find that when you want to apply for a loan, you will not find the most favorable conditions for your bank, where you have already managed your account or kept your savings.

For many, this causes a big dilemma: some who prefer to stay at their own customary bank, even if the conditions are more unfavorable, because they are already familiar to them, while others prefer to remove their previous account and transfer to the new bank in one place be your finances. Who’s right? What should you do?

If you are borrowing

If your bank does not provide you with the best conditions for a loan, you don’t have to doubt it. You may contract independently of an account with another bank and do not need to cancel it.

In most cases, the lending bank provides discounts if you manage other finances with them: these are usually the conditions for choosing a larger account package or receiving a certain amount of income. In such a case, it is worthwhile to change the bank – at least until the conditions are met – because the loan repayment installment can be significantly lower with the interest rebate, or you can allow the fees associated with the application for the purchase of the service. Choosing a more comprehensive account package can make your day-to-day finances cheaper too – while paying the package fee, the installment may be lower.

So you should take advantage of the discounts, but of course it doesn’t mean you have to cancel your previous bank account. You need to consider the cost of keeping the invoice, whether it will be needed later or whether it is a practical or convenience reason to maintain it. You should consider aspects of the fee for account management, card and transactions, or if you have savings, your original bank has the best investment opportunities for you.

If you already have a loan

There are two typical situations for a loan changeover: if you want to borrow another loan or take your existing loan or loan to another bank, you might be in debt settlement .

If you need a new loan alongside your existing loan, you can still search for another bank, and you might want to choose where you want to borrow based on your current credit offer. Not only are there promotional periods when a bank gives more discounts, but also because the banks’ credit policies may differ. If you have a mortgage for a bank that has received it on the most favorable terms, it is by no means the case that Personal Payday loans can be obtained at that bank with the best conditions. Don’t be bound to your original bank!

Replace several existing loans with a debt settlement loan

There may be a situation where you would like to take your existing loan to another bank, because you can continue to repay the loan on better terms or replace several existing loans with a debt settlement loan. In this case, you should definitely leave your bank if you only used your bank account with the lending bank as a debit account. You would then have to keep your current account unnecessarily, which would be costly, and it may be true that you can get preferential terms if you manage your finances with the lending bank.

If you are in doubt about the bank where you should apply for your extra credit, know the details and benefits of the payday loan at Good Finance right now.

Personal Payday Loan at Good Finance

The Personal Payday loan at Good Finance is exclusively for INSS retirees and pensioners, federal, state and municipal civil servants, as well as military and pensioners from the Armed Forces, since they are people who have a fixed income for a lifetime.

This is an essential requirement since, when applying for the Personal Payday deductible loan at Good Finance, the monthly installment of the loan is deducted automatically from the applicant’s monthly income, according to the assignable margin .

Margin assignable

The assignable margin is regulated by a law that stipulates that only 30% of the monthly income of the applicant can be directed to the payment of the consigned credit. The purpose is to prevent the applicant from becoming indebted. In addition to making him have more control over his financial life.

The automatic discount, based on the policyholder’s margin, also gives Good Finance greater assurance that the debt will be paid off. Thus, it is possible to provide better hiring conditions and reduced interest rates .

Reduced interest rate

The interest rate of the payday loan Pan Bank is one of the biggest advantages of the transaction. It is regulated by the Central Bank, and can reach a maximum of 2.12% per month. That is, if compared to the interest rates of the overdraft and the revolving card, the loan at Good Finance offers interest up to 3 times lower.

What documentation do I need?

Hiring the Personal Payday loan is simple and practical. Just you have in hand documents like:

  • RG
  • CPF
  • Proof of residence
  • Extract of your INSS salary / benefit.


It is important to note that when applying for a Personal Payday loan at Good Finance, monthly installments will automatically be deducted from your monthly benefit / salary before being deposited into your account. Therefore, it is necessary to carefully analyze, research and budget before applying for credit.

Advantages of making the loan at Good Finance

The payment of the installment of Pan’s Personal Payday loan is directly deducted from the payment or benefit of the contractor. With this, the bank has greater guarantee of the payment of the debt, and for that reason, does not make credit consultation .

There are already sites and applications that provide online hiring of the Personal Payday loan at Good Finance. This operation provides greater security for the client, since these sites / applications usually have online certifications such as SSL (Secure Sockets Layer) and Google Safe Browsing , which ensure that the environment is secure to carry out financial transactions.

In addition, online applications also tend to be faster and more agile , as it is not necessary to go to one of the financial institutions’ correspondent physical or banking branches.

Personal Payday loans at Good Finance also provide flexible repayment terms. They are up to 72 months for retirees and pensioners in the INSS, and 96 months for public servants.

You also have the option to advance the installments of the loan, and thus, take it out in a shorter than expected term. In addition, when requesting the advance, the total value of the transaction interest rates will be reduced.

Unlike many people think, applying for a paycheck loan at Good Finance does not require a checking account at the institution. This is because the loan amount is debited directly into the account in which you receive your salary / benefit. Thus, you do not need to be an accountant to enjoy the benefits offered by the institution.

One of the main advantages of requesting Personal Payday loans at Good Finance is that the installments and interest rates are fixed at the time of hiring. This means that you already know the CET (Total Effective Cost) from the beginning to the end of your loan contract, such as total interest amount, monthly installment amount and others. So you do not have to worry about surprises.