Companies have expanded the functionality of banks and, currently, there is the possibility of requesting a loan locally using a credit card. The credit card has become one of the most used payment methods by the Brazilian people.

Digital banks have transformed people's financial lives. Because of this, access to credit has become easier, and those who are negative can have a credit card. Find out more below.

This type of loan works like a traditional loan and the difference is that it is linked to your card without lowering your limit. The amount associated with the loan goes into your account and the installment payment is made available on your monthly invoice.

Credit card interest is one of the biggest charges charged by banks, which is why it is very high. It is common for so many people to be in debt. Therefore, it is necessary to be careful when simulating the loan and observing these interest rates. These fees vary depending on your relationship with the bank.

How do I apply for a loan?

Firstly, you need to understand that if your institution offers these types of resources. You can usually find this information on the bank's official website or in the app.

Next, you need to simulate the value of the loan installments. Many companies offer this service online and hiring can be done right after the simulation. After that, send the proposal and wait for your institution to respond.

Therefore, after approving your proposal, it is necessary to read the contract carefully so as not to be surprised by the fees later. Finally, you have to wait for the money to appear in your account to pay the installments on your invoice.

Nubank is one of the banks that offers credit card loans locally. However, there are several options that can help you. Choose the option that suits you best and sign your contract if you need money urgently.