Anyone who has the dream of obtaining a good, such as a car or even a house, can resort to PAN financing, a credit model available by Banco PAN🇧🇷
Currently, it is possible to fulfill the desire to have some good, thanks to financing. If you want to own your own home, but don’t have enough resources to do so, you can take out a mortgage.
PAN can offer you the type of funding you need. However, first of all, it is important to understand how the PAN financing works and what are the processes for granting credit. This will not only help you to fulfill your dream, but also to have the best type of financing, directed to your financial profile.
In this article you will see how PAN financing works, what are the fees, terms and more. Keep reading to check it out!
What this article covers:
What is PAN?
PAN is a banking institution of Brazilian origin, headquartered in São Paulo, and controlled by BTG Pactual. The institution is responsible for offering various financial services such as credit lines, credit cards, financing and more, as well as serving as a digital bank.
Banco PAN is perfect for those looking for easier methods of making financial transactions, in addition to loans, and can also count on PAN financing.
What are the interest rates for PAN financing?
PAN vehicle financing has an interest rate of 2.37% per month. The bank usually evaluates credit more quickly when the proof of income is sent faster, in addition to providing the car already with the company’s own insurance, which is PAN Protege Insurance.
How does PAN work?
PAN offers a very easy digital account to open. The user does not need to pay a monthly fee, in addition to being able to request a free credit card with no annual fee. The card also offers credit upon opening the account.
If you want to buy a vehicle, you can also resort to PAN financing. Not to mention all the other financial services offered by the bank.
What are the conditions for obtaining PAN funding?
In order to obtain PAN financing, it is necessary to gather some documents such as RG, CPF, proof of income and residence. With the submission of the necessary documents, a credit analysis of the PAN bank is carried out so that the financing is released. Once that’s done, just sign all the documentation and that’s it, this is the beginning of a new journey to fulfill your dream of your own home or vehicle.
Remember that it is very important to know more about the banks and types of financing they offer. Also, being aware of interest rates, great influencers in the final amount paid, is essential for those who want to take out a loan or financing.
With PAN financing, the debt is owed to the bank, which means you will be paying directly to the bank. If the installments are not paid as agreed, the vehicle or property becomes the property of the bank. That’s why it’s very important to know more about financing and make sure that the amounts of the installments can be paid according to the contract.
This means that organizing your financial life even before resorting to financing is something to be considered, since you will be in debt with the bank and will run the risk of losing the asset acquired if you become in default.
So, get organized and run after the best financing to achieve your dream of consumption without running the risk of getting the bills in the red!