What is loan by WhatsApp?

The loan through WhatsApp is a modality provided by financial companies and fintechs that allows users of the messaging application to hire the loan directly through WhatsApp.

Thus, the idea is to offer more convenience and agility in access to personal credit. 

Therefore, instead of having to go to a bank branch or perform a long online process, customers can apply and hire the loan within the daily messaging app.

The process usually involves interaction with a virtual bot or assistant on WhatsApp, which guides the user through the hiring steps. 

Then, after providing some basic information, the customer can receive approval and have the amount of the loan deposited in your bank account quickly and practically.

Advantages of loan by WhatsApp

There are many advantages in hiring the loan through WhatsApp. See here!

Agility

By integrating available the contracting of credit directly by the messaging application that people already use daily, the process of obtaining credit is simpler.

Users do not need to leave WhatsApp, fill out long forms or face lines in bank branches. 

After all, everything can be resolved quickly through a conversation within the app itself. 

Financial inclusion

Many people, especially those in a situation of economic vulnerability, face difficulties in obtaining credit from traditional financial institutions. 

Whether due to lack of credit history, insufficient income or geographical location, these individuals end up on the margin of the formal banking system. 

The WhatsApp loan is an alternative to democratize access to credit, allowing a larger portion of the population to get the desired credit.

Personalization in hiring

Companies that offer this service can adjust the values, deadlines and interest rates according to the profile and needs of each client. 

Therefore, the WhatsApp loan provides more appropriate and adapted solutions to individual financial realities rather than offering standard and inflexible products. 

How to request a loan from WhatsApp?

If you are interested in requesting a loan through WhatsApp , follow the steps below: 

• Choose the financial institution: Identify companies that offer this credit mode and select the one that best meets your needs. Check information on lending fees, deadlines and general conditions;
• Contact WhatsApp: Locate the WhatsApp number of the chosen financial institution and start a conversation;
• Choose the values: Enter the amount you want to apply as a loan. Options usually range from small amounts to slightly higher values, according to the policy of each institution;
• Check interest: Make sure you clearly understand interest rates applied to the loan. Compare available options and choose the most advantageous alternative for you;
• Wait for credit analysis: After providing the necessary information, the financial institution will analyze your request and your eligibility for the loan;
• If approved, check the terms: Read the terms and conditions of the loan carefully, including payment deadlines, form of amortization and eventual penalties;
• Wait for the amount to your account: If everything is in agreement, the loan amount will be deposited directly to your bank account, quickly and agile.

Hiring a loan through WhatsApp is much easier than you might think. If you need money fast, this is the best solution!