Nubank has greatly expanded its operations and with that, it has expanded its range of new services in order to promote more and more products to its users. In agreement with the startup Creditas, the digital bank now offers its customers an even better experience when contracting a credit option.
While the digital bank Nubank is a giant in financial solutions and in helping its customers, Creditas is a specialist in digital loan modalities. Keep reading and find out how to apply for a loan at Nubank.
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In this new credit option, users have the alternative of pawning a vehicle as collateral for the loan contracted, for example. Nubank informed that the rates of this new type of loan will have a better cost and benefit and the terms will be longer. As they aim to be shareholders of Creditas within two years, the company intends to acquire 7.7% of the partner startup's shares.
Fintech explained that up to 90% of the car can be pledged as a form of credit guarantee. When closing the service contract, users who finalized the proposal through the application will still be able to count on up to 1% cashback of the amount.
Therefore, just enter the app, go to the option “Get Borrowed” and, once that is done, another explanatory page will open with the option to pawn the car. Then, click on “Simulate loan” and it will direct you to the Creditas application. If you don't have this app downloaded on your phone, install it normally.
From then on, the entire continuation of the process will be carried out on the Creditas platform. The release of the contracted service happens gradually for the approximately 40 million Nubank users. Therefore, this new modality will allow the customer to take out a loan leaving the vehicle as payment guarantee.
It is worth noting that the car intended to be used as a guarantee must be in the name of the customer and all documentation must be up-to-date and paid.