Nubank lets you borrow the app on Android or iPhone (iOS). It is possible to do a simulation and, once confirmed, the amount released is available in your NuConta. The balance can be withdrawn at Banco24Horas ATMs, transferred to other banks or used to pay bills by bank slip. Payment can be split up to 24 times, with the first installment due up to 90 days. The interest rate varies according to the number of installments chosen at the time of contracting.
In the following tutorial, check out how to make a personal loan on Nubank. The procedure was performed on an iPhone XR with iOS 13, but the tips also apply to users of Google-powered devices.
Nubank begins offering mobile recharge through the app with NuConta
Nubank has personal loan service Photo: Disclosure / Nubank
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Step 1. Open the Nubank app and tap "Loans" at the bottom of the screen. The application will show the pre-approved value for loan. Tap "New Loan" to proceed;
Access the Nubank app loan function Photo: Reproduction / Helito Beggiora
Step 2. Select the purpose of the loan and tap "Continue". Then choose the amount, the number of installments and the maturity of the first installment. The interest rate and the final amount are updated automatically whenever something changes. That done, tap "See conditions";
Select your Nubank loan details Photo: Reproduction / Helito Beggiora
Step 3. To see the details of the fees charged, tap "Detailed Costs". If you agree with the values, press "Borrow". Finally, read the contract and tap "Confirm Contract."
Confirming Nubank loan contract Photo: Reproduction / Helito Beggiora
Ready! Take advantage of the tips for hiring a personal loan at Nubank.
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