So, you need money but don't have the best credit? Don't worry, there are still options available to you. One of them is using your car as collateral to get approval. This alternative is available thanks to the partnership between Nubank and Creditas for loans.

However, keep in mind that if payment is not made, the creditor will confiscate your car. Therefore, make a good financial plan beforehand and ensure that you can afford the monthly payments.

This is a special type of loan that requires you to use your vehicle as collateral.

You take out the loan and continue using your car normally, but if for any reason you are unable to make your payments, the lender may sell it to pay off your debt.

However, for the duration of the negotiation, the vehicle remains under lien to the financial institution. It cannot be sold until full payment is received.

The interest rates you will find vary from lender to lender. They will determine the loan terms.

Therefore, it's important to plan ahead before hiring one, based on your financial situation, as this will allow you to determine the number and amount of monthly payments.

Therefore, it's necessary to do thorough research to find the best deal. This way, you won't risk losing your vehicle due to non-payment.

Also, be aware that even if you already have a car loan, you may be able to refinance it if you use your vehicle as collateral.

So what are you waiting for? Discover the vehicle-secured loan from the Nubank and Creditas partnership, and drive away in a brand new car.

Well, Nubank came to make its customers' financial lives less complicated, with easy-to-use products and technologies.

In this regard, Nubank has just partnered with Creditas, the largest online credit platform in Latin America. This gives Brazilian consumers a new option for borrowing money: vehicle-secured loans through the Nubank app.

Thus, it offers the opportunity to secure up to 90% of the car's value, which is being put up as collateral.

Furthermore, the repayment term can be up to 60 months, allowing you to pay the monthly installments with peace of mind.

Also, it's possible to use your vehicle as collateral, even if it's financed. This is provided that you have paid off 50% of the financing amount.

Finally, you can access the loan in a simple and hassle-free way. And there's another exclusive benefit for Nubank customers: 11% cashback on the loan amount.

For now, availability will be released to a small number of customers. But over time, it will be expanded to other buyers.

And in an easy, fast, and uncomplicated way, which are characteristics of Nubank.

Excellent opportunity, isn't it?

See below how to simulate and apply for a loan.

Great, here's a step-by-step guide to running the simulation:

 So, access the app and run your simulation right now. This way, you'll get the credit you need, with all the guarantee and credibility of Nubank and Creditas.

Okay, so you might need to take out a loan right now, but you're unsure what to do? If so, it's important to consider whether or not you want to use your car as collateral.

So here is some information. It may help you make the decision to take out a loan using your car as collateral.

So why would anyone want to lend money under those conditions?

Firstly, with this type of loan, you get lower interest rates. This reduces the time it takes to repay it, with lower monthly payments.

Also, you may be able to obtain a larger loan amount. Furthermore, using collateral can help protect your credit score, as in this type of loan the lender knows they will be able to recover your vehicle if you make timely payments.

Therefore, by making a good financial plan and choosing a plan that fits your budget, you will certainly be making a good deal.

Furthermore, you can use the loan money in whatever way is best for you. This includes refinancing your vehicle and buying a newer model.

So, if you need money or want to change your car, take advantage of this opportunity!

Furthermore, if you wish to finance the purchase of your vehicle, Creditas also offers this service. Check out more information below!