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Need more funds but don't qualify for conventional loans? Fintech Limite na Hora has invented a new method for receiving cash on the spot using only your available credit card limit as collateral.
Read on for more information!
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Read also: Easy loan Novo Mundo - 3,000 urgent cash, here's how to apply!
Loan with Limite na Hora: Understand how it works
If you are over 18 and have a credit card with an affordable limit, you can apply for a loan from Limite na Hora. Negative credit scores are acceptable, as long as the applicant has an active credit card.
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This type of loan is similar to other options that use collateral to finalise the contract, but in this case the collateral is the credit card limit itself, and payments must be made on the credit card bill.
After registering and submitting an application, Limite na Hora analyses and distributes the requested funds one hour after accepting the supporting evidence. It is therefore essential to understand that the higher your credit card limit, the higher the loan amount that can be issued.
Learn about the main advantages of credit
Those interested in borrowing from Limite na Hora can take advantage of the following benefits:
- Online loans
- Receive in your bank account within 24 hours
- Use 100% of your free limit
- Credit Card
- 12x instalments
- No SPC or Serasa consultation
Documents to apply for a loan
The company will ask you for some documents that are easily accessible. To apply for the loan, you must have at hand:
- CPF;
- ID or driver's licence;
- Proof of residence e;
- Current or savings account details.
How to take out a loan with Limite na Hora: Step by step
If you're interested in this line of credit, this step-by-step instruction will show you how to apply for yours:
- Go to the website and choose "Withdraw your loan" from the menu.
- Enter the amount you would like to borrow.
- Fill in your personal information.
- Provide the details of the bank account where the money will be deposited.
- Include your credit card details and available limit.
- Upload the necessary documents.
- Done! Wait for our team to call you so we can finalise the procedure. Check your e-mail and WhatsApp.
Fees and charges levied on the loan
Although it is a widely available type of loan, contract rates generally range from 1.93% to 17.9% per month. In addition, the payback time for the loan is between 3 and 120 months.
Example: A loan of R$ 10,000.00 over 24 months will have monthly payments of R$ 618.48, totalling R$ 14,843.52, with an interest rate of 3.4% per month (49.9% per year) and a CET rate of 4.2% per month (64.4% p.a.).
These figures are illustrative and may change based on the financial institution's loan approval requirements, such as your personal finances, credit history, contracts and other information provided.
Do I need to pay a deposit before receiving the credit?
No, the company will NEVER ask for an advance payment. If a company asks for an advance payment, GET OUT!
Is a credit card loan at Limite na Hora worth it?
If you have the available limit and need the funds quickly, a credit card loan may be worthwhile. Check the interest rates offered, as in some circumstances it may not be advantageous to take out this type of finance.
Before taking out any type of loan, you should do a simulation to see if you can afford the monthly instalments.
When should you take out a loan?
Once the loan has been approved and taken out, the due date for the first instalment is stipulated in the contract, and you will be advised and well informed about the payment conditions.
Is Limite na Hora reliable for taking out credit?
Although Limite na Hora is not a well-known company, it is monitored by the Central Bank and has a data encryption seal. It is important to note, however, that it does not yet have a consolidated reputation on the Reclame Aqui website.
