Yes Loans: flexibility and ease of approval!

Do you know how Sim loans work? Find out now!

A Yes is a digital platform that is part of the Santander group. It was created with the aim of offering ease and comfort to its customers, as it is completely digital it offers security and transparency to all its users.

In partnership with Serasa eCred, this institution was created in 2019, with the aim of meeting the needs of customers and providing cheaper credits aimed at all types of people.

The loans offered by Yes are simple and there is no need to have a checking account at Santander Bank to request them.

The institution offers several types of loans, but we will mention the two most popular ones: the unsecured personal loan and the personal loan with car collateral.

See below for more details on both.

Summary of what you will see in this post:

• Types of SIM loans.
• Required documents.
• Advantages.
• Conclusion.

Unsecured personal loan

The unsecured personal loan offers several advantages, one of which is ease, that is, since it is online there are no complications. In addition, it offers financial health and the requested loan money is deposited in the applicant's account in less than 3 business days after contracting and approval.

The contractor can request an amount of up to R$30,000, and payment will be made in installments according to the credit analysis or in up to 36 installments. The deadline to start paying is up to 45 days, and interest rates start at R$2.16% per month.

It is important to remember that unsecured personal loans are offered based on financial history.

In this way, the Yes will check the contractor's request and thus define the maximum credit limit available for their profile.

Required documents:

• ID or driver's license;
• Personal information (address, bank details, etc.)
• Selfie.

Yes Loans with collateral

In car secured loan or motorcycle, the contractor offers his paid-off car or motorcycle as a guarantee for payment of the installments.

In this type of loan, interest rates can be very attractive, as there is a greater chance that the applicant will pay the loan installments.

This is because one of your assets may be at risk of being seized if payment is not made.

The amount granted can reach 90% of the vehicle price or up to 150 thousand reais.

In the evaluation, they can consider several factors, such as, for example: the brand, the year of manufacture of the car, and the model.

You can pay in up to 60 installments, and the rates are up to 1,73% per month.

Required documents:

• ID or driver's license;
• Car documents;
• Personal information;
• Selfie;
• Photos of the car.

How to offer the car as collateral?

There are some conditions if you want to put your car as collateral. Below is a list of some of them:

• There should be no fines;
• Your car must be paid off;
• Be at least 15 years old;
• The car must be in the applicant's name;

It is important to note that the newer your car is, the better loan conditions you will have.

Advantages

You may have noticed that the Loan YES, has several benefits, but it is good to highlight some of them.

• Process 100% online;
• Less bureaucracy;
• Money in the account within 3 business days after approval.
• Up to 45 days to pay;
• Payment in up to 24 installments;
• Personalized interest rates.

Conclusion

In YES, credit analysis is safe, so if you are unsure which financial institutions to apply for your loan from, you should consider YES.

With different types of loans, there is sure to be one that will meet your needs, and so you will be able to do what you want with the money you request.

However, it is important to remember that when applying for a loan you need to keep in mind that there will be a debt to pay for a few years.

Therefore, it is important to plan and pay the installments correctly, otherwise you may have your name negatively listed in SPC or Serasa, or even have one of your assets seized.

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