How to Take Out a Loan at Nubank Updated: Tips for Choosing the Right Credit for You

Nubank is known for its mission to simplify people’s day-to-day financial lives by offering simple products that are accessible directly through the app. These products include different types of loans, each one meeting specific customer needs. In this article, we will explain how to take out a loan with Nubank and how to choose the option that best suits your financial situation.

What Types of Loans Does Nubank Offer?

Nubank offers several loan options, including:

1. Personal Loan: This option allows you to simulate a personal loan in real time through the app. You choose the amount you need, the number of installments and immediately see the interest and the total amount to be paid. You also have the freedom to choose the first payment date, which can be up to 90 days after signing the agreement. In addition, you can pay the loan in up to 24 installments, with the option of paying off installments early to save on interest.

2. NuConsignado: Available only to federal civil servants, this modality offers lower interest rates and the installments are deducted directly from the paycheck. The loan can be paid off in up to 96 installments.

3. Secured Loan:

• Money Saved: You can use the money saved in your Nubank account, in the Planned Redemption function, as collateral for the loan. Payment can be made in up to 24 installments, with the first installment due up to 90 days after signing the contract.
• Direct Treasury: In this modality, you can use the Treasury Direct as collateral, allowing loans up to 2 times the value of the collateral. Your investment in the Treasury Direct continues to yield interest until the end of the loan.

4. FGTS Anniversary Withdrawal Advance: This option allows you to advance up to 12 installments of the FGTS Anniversary Withdrawal, with the FGTS balance as collateral. The amount is made available within one business day, directly in your Nubank account.

How to Take Out a Loan at Nubank?

Regardless of the type of loan you choose, the process is simple and hassle-free, and is carried out directly through the app. Below, we explain how to apply for each type of loan:

How to Request a Personal Loan at Nubank:

1. On the app's home screen, click “Borrow.”
2. After reading the instructions, tap “Calculate Loan”.
3. Choose a reason for the loan.
4. Enter the desired amount, choose the number of installments and the payment date for the first installment.
5. Review the loan information and tap “Continue.”
6. After reading the contract, tap “Confirm contract”.
7. Enter your 4-digit password and the requested amount will be transferred to your Nubank account.

How to Hire NuConsignado for Federal Public Servants:

1. On the Nubank app home screen, tap “Loans and Payroll Loans”.
2. Tap on “I want to simulate”, in the NuConsignado section.
3. Select your profile as “Federal Server” and click on “New contract”.
4. Authorize Nubank to access your consignable margin through the SouGov.br account.
5. Simulate the desired amount and choose the number of installments.
6. Confirm the subscription with your 4-digit password.
7. Authorize the contract in the app SouGov.br again if necessary.
8. After approval, the requested amount will be transferred to your Nubank account.

How to Apply for a Secured Loan:

1. On the app's home screen, access the loan option.
2. Select the purpose of the loan.
3. Choose between “Loan with saved money” or “Loan with investment as collateral”.
4. Run simulations as you wish.
5. Review the loan details.
6. Proceed to hiring.
7. The money will be deposited into your account after the process is complete.

How to Make an Early FGTS Anniversary Withdrawal via Nubank:

1. From the app's home screen, tap “Borrow” or the “Loan” area.
2. Choose the FGTS Anniversary Withdrawal Advance option.
3. Follow the instructions to authorize the advance in the FGTS application, if necessary.
4. Enter the amount to be paid in advance and the number of installments desired.
5. Confirm the details and accept the contract.
6. Enter your 4-digit password.
7. The money will be available in your Nubank account within one business day.

How to Choose the Best Loan Option at Nubank:

Now that you know how to apply for a loan at Nubank, it is important to consider some tips to choose the best option:

1. Be aware of interest rates: Before choosing any option, evaluate the interest rates involved. Read the contract carefully and plan your budget to avoid surprises.

2. Pay Attention to Payment Methods: Check how the installments will be paid and whether you have the amount available on the date of the debit. In case of unforeseen circumstances, understand the payment options for each method.

3. Run Simulations: Use the app to simulate different scenarios, adjusting the amount and number of installments. This will help you find the best option for your finances.

4. Don't Forget the Payment Date: Keep track of payment dates, especially if you opt for NuConsignado. Align the dates with your salary receipt to make it easier to pay the installments.

Remember that Nubank offers several loan options to meet your financial needs. Choose carefully, plan solidly, and take advantage of a hassle-free, digital 100% process. Your financial control is in your hands, as are the loan options at Nubank.

With this information, you’re ready to choose and apply for the loan that best suits your financial needs at Nubank. Remember to use these tips to make an informed decision and keep your finances under control. Nubank is here to make your financial journey easier by making access to credit simple and transparent through its intuitive app.

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