Where is the loan option on the Nubank app?
It is possible to hire a loan in the Nubank app with just a few steps and we help you through this process.
O Nubank loan It is an excellent option for those who are customers of the financial institution and need extra money.
So to find the option of loan in the Nubank app, check out the step by step below!
What types of loans does Nubank offer?
Nubank has two types of loan: Personal and with Investment as Guarantee. Both possibilities can be monitored through the application.
How does Nubank's Personal Loan work?
Eligible customers can apply for the loan in the Nubank app. After the request, the bank will analyze the customer's profile based on their payment history.
Customers also have the option of choosing the number of installments, which can be up to 24 times, their value and payment dates.
Furthermore, if you wish to make an advance payment, you only need to choose the installments and you will receive a discount on interest and you can also start paying 90 days after signing the contract.
Interest rates for the Personal Loan are below the market average and are personalized according to the profile of each client.
They can also vary depending on the number of installments. Therefore, whenever necessary, the customer can simulate a loan and know how much they will need to pay.
If the installment is not paid by the agreed due date, a fixed fine of 1% will be charged, as well as 2% of daily interest until the amounts are regularized.
How does a Secured Loan work?
In this type of loan, the customer uses a certain amount that will serve as a guarantee for the credit to be granted.
Due to the fact that the loan uses the saved money as collateral, this amount remains blocked and intact, being used as a payment guarantee.
The amount of credit granted is established according to the amount that the customer is able to save in their Nubank account. Therefore, the money will not be used, but will continue to earn interest in the account.
The request of the loan is done in the Nubank app and payment can be made in up to 24 installments.
It is important to emphasize that if something unexpected happens and the customer is more than 20 days late on an installment, the money saved will be used as collateral to pay the outstanding amount.
In this case, if the installment is not paid within the agreed day, a fixed fine of 1% and 2% of daily interest will also be charged until the outstanding debt is paid.
- Read too: Tips to protect yourself from loan scams
Where is the loan option in the Nubank app?
To find the option of loan in the Nubank app, you need to follow some steps:
- First, enter the application from Nubank on your cell phone;
- Then, navigate through the options and look for the section named “Loans”;
- This tab will specify the loan options available to you;
- So, just choose the option that best suits you and run the simulation.
How to simulate a loan in the Nubank app?
In the case of a personal loan, the simulation can be done as follows:
- After entering the “Loans” tab, you need to click on “Borrow”
- Then read the instructions carefully and then click on “Calculate loan”;
- Click on “Calculate loan” and choose the reason for taking out the loan;
- On the next screen, you will need to enter the amount you wish to borrow, choose the number of installments and also the payment date for the first installment;
- In the bottom left corner, click on the arrow;
- Review the hiring data and click “Continue”;
- Read the contract carefully and click on “Confirm contract”;
- Finally, just enter the 4-digit password and that's it. After analysis, the requested amount will be transferred to your Nubank account.
A secured loan can be simulated as follows:
- After accessing the loan option, select the purpose of the loan;
- After this procedure, tap on the “Money Saved as Guarantee” option;
- To learn more about how the warranty works, see the link that will appear on the screen with the name “How the warranty works”;
- Continue to simulate the number of installments;
- Therefore, check your loan summary with detailed amounts;
- After the process is complete, the money will be deposited into your Nubank account.
Conclusion
Nubank offers good options loan in the app for your customers and the hiring process can still be done entirely online.
Therefore, if you need money and want to borrow the amounts in question, it is worth doing a simulation at the financial institution.
