You want to renovate your home or organize your daughter’s wedding, but you do not know how to get the money for it. Maybe you need to take out your debts urgently, but you do not have that money in hand. Because of this, you have probably heard of loan or cogitou, someday, request one.
For some situations, it may be the right choice, but in others it can turn your life into a real nightmare. On the other hand, the solution of having an always available cash reserve seems impossible for many people and that is where the Capitalization Title enters. Let’s know a little bit about the two options.
What is the loan?
The bank loan corresponds to a cash amount that the bank lends to you. At some point you must pay for this service in monthly installments with established interest rates. There are several types of loans and each one has different rates and forms of payment. We will show you some of the main ones:
- Payroll: In this case, the monthly payment has a maximum limit of 30% of the amount of your salary;
- Rotary: In this model, if the amount paid in the invoice is less than the total amount, you automatically borrow the remaining amount with the bank to make the payment;
- Personnel: This type of loan requires you to sign a contract with the bank and pay a certain interest rate, month or year, in addition to the amount requested that is divided into several installments;
- Overdraft: The overdraft does not require contracting and is automatically released to your current account balance. If used, it will be charged the next month with interest rates that may reach 13%.
The loan is required for long-term commitments or emergency situations, such as in the case of repaying a debt or paying for expensive medicines when there is no reserve money. That way, in situations you can expect to buy something more expensive, it is better to opt for capitalization.
What is capitalization?
Capitalization is the ideal solution for anyone who wants to raise money on a scheduled basis. That way, if you can not afford to spend the money to make that home-based retirement that you want for so long, with the capitalization title, that dream becomes possible without borrowing. This is because it allows you to schedule and set aside an established amount each month, according to your possibilities.
In addition, you do not run the risk of spending the money being reserved, after all, you can only withdraw it after the end of the grace period. Another advantage of capitalization is that in addition to helping you develop financial discipline with it, you can participate in raffles and compete for multiple cash prizes.
And what is the best option for my situation?
If you are heavily in debt or have no money and need to pay for emergency medical expenses, the loan can help you. However, this service involves extra costs and the ideal would be to save money and not have to go through these situations of despair, right? That’s where the capitalization comes in!
With it, you save money and thus solve problems or fulfill your dreams in the long run. So, how about knowing the major capitalization bonds, comparing them and evaluating which one is right for you?