If you need quick financing, an easier way to get it is with a Magazine Luiza loan. The maximum amount of R$30,000 can be issued and paid in up to 72 installments. In this way, if you are a Magalu customer and need financial assistance, you can request the Magalu personal loan service, which brings some benefits to the customer. Check out more information!
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Find out about the Magalu personal loan
With Magalu, the interest rate on a payroll loan is 2% to 2.8% per month, considered a very standard market value. However, there may be banks that offer loans with lower interest rates than this.
In addition, the installments can be made in up to 60 days, and the loans can be disbursed at the same time or after a period of up to three days directly in your checking account.
Grana Extra's loan rates are likely to rise further as the store cannot guarantee customers to pay in installments. In addition, we have to remember that Magalu is not a bank and therefore does not have a variety of service options such as secured loans.
How to apply for a loan at Magazine Luiza?
According to Magazine Luiza, once the loan is approved, the resources go to your account immediately. Thus, even with the company's facilities, every customer is analyzed in order to release the value. However, it will depend on the credit rating to get the loan approved and released.
Therefore, in order to apply for a loan with Magazine Luiza, the following steps must be taken:
- Search for a physical store;
- Take your personal identification documents;
- RG, CPF and proof of income and address.
This way, during the service at the store, customers will know the available amounts, interest rates, payment plans and conditions. However, you must be careful when taking any loan to see if there is a need and if the installments fit the budget.
Advantages and disadvantages of the Magalu personal loan
As we all know, Magazine Luiza is not a bank, but it has great benefits for customers, see what they are:
- The customer will be able to withdraw his money immediately and leave the store with it in hand;
- It has the power to carry out as many withdrawals as it deems necessary;
- In addition, this withdrawal can be made at Magalu's own store.
On the other hand, there are also some negative factors that make customers have to analyze whether this loan option is the best option.
- It is necessary to have the store card for the customer to apply for the personal loan;
- There is diversity in the loan services offered;
- You must be a store customer to apply for Magalu loan services;
- High interest rates when compared to other loan services.
Thus, the negative points are very important because they can stand out in relation to the benefits. So, do a lot of research before hiring the amount you want.