10 Institutions That Offer Loans for People with Bad Credit

Looking for an urgent and reliable loan, even with a bad credit history? In this 2023 ranking, we present 10 institutions that offer loans for people with bad credit, including online options, released immediately, and in up to 24 hours. Discover the best alternatives available now:

1. Pan Bank

   • Why we recommend: PAN Bank offers loans to retirees, INSS pensioners, civil servants, and pensioners from federal, state and municipal agencies, as well as military personnel and pensioners from the Armed Forces. The installments are debited directly from the pay slip.
   • Additional details: This loan does not require consultation with SPC or Serasa, making it a good option for those who are in default. The rates are low, and the payment terms are flexible.

2. Crefisa

   • Why we recommend: Crefisa offers personal loans to a diverse audience, including public servants and INSS beneficiaries with bad credit. The contract can be made online or at service points throughout Brazil.
   • Additional details: Although Crefisa is a traditional institution that releases loans with CPF restrictions, it is important to note that it also offers payroll loans.

3. Santander

   • Why we recommend: Santander, through Olé Consignado, offers loans and credit cards without bureaucracy, focusing on those with bad credit. Both modalities can be requested digitally, without consulting credit protection agencies.
   • Additional details: This option is only available to pensioners, retirees and public servants.

4. Bank of Brazil

   • Why we recommend: The Bank of Brazil offers personal loans with simulation and online contracting. In addition, you have up to 60 days to pay the first installment.
   • Additional details: This modality also applies to the payroll loan, and the bank offers other options, such as a loan with vehicle collateral and a loan with FGTS.

5. Credits

   • Why we recommend: The Creditas offers loans secured by vehicles, which can be paid in up to 60 installments and have attractive interest rates due to the asset offered as collateral.
   • Additional details: Requiring collateral increases your chances of approval, as the vehicle can be used to pay off the loan in the event of default.

6. Way

   • Why we recommend: The Way offers loans to platform customers with affordable payments and quick release. In addition, the application allows payment of water, electricity, gas bills and facilitates online purchases.
   • Additional details: Jeitto acts as a banking correspondent for BV Financeira and is an option for those looking for credit in a convenient way.

7. FinanZero

   • Why we recommend: FinanZero is a platform that searches for credit in more than 40 financial institutions and presents loan options according to your profile.
   • Additional details: The company is known for serving those with bad credit and offers good payment conditions, with rates starting at 0.75% per month.

8. Good for Credit

   • Why we recommend: The Good for Credit is a platform that acts as a banking correspondent for more than 30 financial institutions, offering loans and digital credit with rates starting at 0.75% per month.
   • Additional details: The registration results in a credit analysis that presents the options most suited to your profile, making it likely that you will obtain an urgent loan for those with bad credit.

9. Low Interest

   • Why we recommend: Low Interest acts as a banking correspondent for several financial institutions and seeks the best proposals for the user, allowing the taking out of the loan online.
   • Additional details: Low Interest offers higher loan limits, which can reach R$$20 thousand, with a fixed rate of 2.99% per month.

In addition to these options, it is also possible to consider a loan with FGTS, which allows you to advance the FGTS Anniversary Withdrawal in a single installment. This modality does not consult credit protection agencies, making it accessible to those with bad credit and low scores. Meutudo is one of the institutions that offer this option.

In short, if you are looking for a loan and have a bad credit history, these institutions and options may be good alternatives. Make sure to analyze the conditions of each one, considering your financial situation and needs before making a decision.

Read too: How to Get a Loan from Nubank Updated