Clipping of news on Brazilian Culture, Law and Citizenship
05/02/2013
This article was translated by an automatic translation system, and was therefore not reviewed by people.
The ease of obtaining money through personal loans, widely offered by banks and financial institutions, to the Internet and ATMs, usually expensive for you to take this type of loan. A survey by the Brazilian Association of Consumer Protection (Protest) pointed out that the Total Effective Cost (TEC), ie the sum of the interest and other fees charged by the grant money may make the amount paid is more than twice the amount the financial institution passed on to the customer to close the deal.
A credit of R$ 2000 paid in 12 installments, for example, costs a whole, for the consumer, from R$ 2,474.76 to R $ 4,637.64, depending on the bank or financial. Among the 13 institutions surveyed, the highest CET was found in the financial IBI Cred: 499.93% per annum.
The Protest also highlights the financing term. Often, the client prefers the longer, drawn by the lower value of the benefit. But forget that, the longer the bank gives to pay, the higher the interest charges.
Another problem cited by the national consumer protection is that there is room for negotiation. Personal loans offered online or through ATMs have a predetermined interest rate. In such cases, the client should seek your manager to seek a better condition.
The guidance is to avoid as much as possible the debt, especially with personal loans, which have high rates. If, however, there is no way it is worth researching enough to get the lower interest rates. Below is the calculation of the funding simulated by Protest.
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Source: Extra - Online
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This article was translated by an automatic translation system, and was therefore not reviewed by people.