In addition to being one of the leading insurance companies in the country, lending companies also provides credit lines to its clients.
One of the services offered by the company is payroll deductible personal loans to salaried employees of private companies with a payroll discount.
The service can be hired for large and medium sized companies through an agreement with lending companies. This type of loan tends to make it easier for employees with a formal contract, achieving better terms and interest rates than those applied in the market. To close the partnership, the company must have at least 50 employees.
The partnership between lending companies and private companies aims to offer a new benefit to employees, being good for both sides, and especially good for the employee who gets a loan with payroll without bureaucracy, which is difficult in the domestic market.
Lending companies offers advantageous loans to employees of private companies.
How does the lending companies personal loan on consignment work?
The company offers this type of loan to practically all employees, as the risks of debt are almost nil, since the discount installment happens on the payroll. To get the loan, you need to verify that the company you are working for is lending companies partnership and request a credit analysis.
The evaluation is very fast, lasting on average up to 1 hour. If the personal credit is approved, the customer already receives the money in checking or salary accounts. To perform the analysis, you do not need to submit any documents. Only after approval of the documents become necessary to hire the service.
The service also offers Life Insurance which can be used in case of unemployment or health problems which prevent the employee from performing his professional function.
As usual for personal credit, it is possible to use the money for any purpose without justification. If the employee leaves the company, the institution may withhold up to 30% of the contract termination amount to settle the loan with lending companies. If the amount is not sufficient to repay the loan, lending companies must issue the remaining slips for the former employee to pay monthly.
Restricted employees will not have access to the benefit and will have to regularize the situation before applying for personal credit.
What are the main advantages of lending companies payroll deductible personal loans?
- There are no costs for partner companies;
- Installations are directly deducted from the employee’s payroll;
- Companies need not disburse resources to lend to their employees;
- Credit analysis is quite flexible;
- Lower interest rates compared to overdraft and credit card.
Payroll-deductible Payroll loans can be applied for by employees who have been working with a formal contract for more than six months.