The New Bank has several financial products and services. In the case of personal credit, this one assumes three different aspects in this financial institution: automobile credit; university credit; conventional personal credit (within which the “essential” and “flexible” options are inserted).
The client may also choose to choose a New Bank consolidated loan if he / she is faced with several financial expenses associated with loans. The contracting of the Novo Banco consolidated credit allows all consumer credits to be combined into one, extending the payment term, reducing interest rates and, consequently, resulting in the payment of a lower monthly payment.
Personal Loan New Bank
The customer can easily subscribe to the Novo Banco personal credit, either through the homebanking service or by going to a counter, and a response to this request is guaranteed in just 24 hours.
In order to protect the holders of this financing, there is also the possibility of the consumer subscribing to a Credit Protection Insurance associated with Novo Banco personal credit. This product has a single premium, which is paid at the beginning of the loan and can be included in the financing.
For insured persons, it is guaranteed: the payment of the capital owed in case of death or absolute and definitive disability; of benefits in case of absolute temporary incapacity as a result of an accident or illness / hospitalization; of monthly benefits during any period of unemployment, up to a maximum of 6 months.
As for the payment method, the customer has three forms of debt settlement. The most common form of repayment is that of constant monthly installments, but it is also possible to choose between capital shortage and residual value.
The capital shortage can be up to 3 months for loans up to 17 months or can go up to 6 months for loans from 18 months. During the capital shortage, the customer is paying a lower monthly installment, since he is only paying interest on the loan and is not paying capital.
On the other hand, the residual value option allows the payment of a portion of the capital (usually up to 30% of the financing) to be postponed until the end of the contract, allowing a lower installment to be made during the amortization period.
To obtain a bonus on the interest rate applied, the client may choose to domicile his salary in the New Bank.
By using the Novo Banco personal credit simulator, the consumer can perceive the amount to be paid for the requested financing, with all interest, commissions, expenses and associated insurance. It is also possible to realize which amount will have to be repaid monthly.
Essential Personal Credit
This financing is of lower amounts, varying between € 2,000 and € 4,999, with a repayment term ranging from 6 to 60 months.
Flexible Personal Loans
In this personal loan, the amounts vary between € 5,000 and € 30,000 for payment periods between 6 and 60 months.
It should also be noted that the New Bank offers the client the possibility of postponing the payment of one installment per year to face some unforeseen financial situation that makes it impossible to settle the amount owed in a given month.
New University Credit Bank
The NBup Future credit is a targeted funding for higher education students. With amounts varying between € 1,000 and € 30,000, the New Bank university credit allows you to finance consumer spending in general or even an entrepreneurship project.
The interest rate applied to this loan is fixed and the repayment term varies between 12 and 120 months. The customer may opt for a capital shortage of up to 12 months, in which period he only pays interest.
New Bank Automobile Credit
The Auto Solutions of the New Bank are divided into three categories : car loans, leasing and renting .
The Novo Banco car loan is aimed at new and used cars for amounts between € 2,000 and € 75,000 and for payment periods ranging from 6 months to 120 months. In the case of a used car, it is necessary that the maximum age of the vehicle after the first registration does not exceed 10 years.
With this financing it is possible to opt for a capital shortage of up to 3 months, if the financing term is up to 17 months, or up to 6 months if the payment term is at least 18 months.
In addition, it is also possible to opt for a residual value of up to 30% on the amount of the New Bank car loan, leaving the customer to pay a lower monthly installment every month.
It should be noted that the New Bank requires some guarantees in the automobile credit, namely, blank promissory notes, promissory notes with guarantee or pledge of financial investments.