If you are a micro entrepreneur with revenues of up to R $ 120,000 per year and you are thinking of expanding your business, Loan and Credit Microcredit may be a good option for lending because it offers the lowest interest rates. Learn how to hire!
The Loan and Credit Microcredit Program, also known as the Crescer Program, is a line of credit aimed at micro and small business entrepreneurs who want to start their own business or expand what they already own.
This option is ideal for many types of business, regardless of productive activity, and you can use it to buy materials, equipment or even to reform your business.
The big advantage is the interest rate for this type, which is usually one of the cheapest compared to other banks. Check out how you can hire Microcredit Cash!
How Cash Microcredit Works
Microcredit is access to a small financial resource, as the name implies, up to R $ 15,000, aimed at those who want to start a business or for those who already have a micro or small business.
The Credit Counselor goes to your place of business and conducts a Socio-Economic Survey (LSE) for information about your current business situation and your ability to pay. In this way, it is possible to plan the best ways for good results with the correct investment of money.
Because of this personalized guidance, the bank accompanies you throughout the crediting period (before, during and after) so you can better manage and grow with your business.
Conditions for contracting Loan and Credit Microcredit
The amount of funds you will be able to access, the prerequisites, the fees charged, and the number of installments will vary depending on the purpose for which it will be used.
Below are some conditions to contract Loan and Credit Microcredit:
- You must be 18 or older;
- Must be an account holder of the institution for at least 90 days;
- The CPF must be regularized;
- No proof of income required (easier credit and less paperwork);
- No need for guarantor;
The values can vary between R $ 300 to R $ 15 thousand; according to the evolution of the enterprise. Interest rates start at 2.9% per month and may even reach 3.5% in some cases.
Deadlines for the payment of Loan and Credit Microcredit
The term for repayment of the loan is from 04 to 24 months, and for the first hiring, the term is up to 12 months to repay.
The Credit Opening Fee (TAC) is automatically discounted at the time of credit release (3% of the financed amount). However, the Credit Operations Tax (IOF) charge is exempt.
You can move the credit granted by checking account, savings account or Loan and Credit Fácil account. As for the installments of your loan, you can choose the best day to repay the installment and they can be paid by bank debit or bank debit.
How to hire Microcredit Cash
To contract Loan and Credit Microcredit, you need to present the CPF, RG and proof of residency at any of Loan and Credit’s branches and request a loan simulation. If your credit is approved, the money will be deposited directly to your account.
The bank also has an electronic simulator on its website, so you can get an idea of what your loan would look like.