Consumer credit comprises several loans for different purposes. All personal credit applications require a prior evaluation by this institution, which thus guarantees its customers the best payment deadlines, the most attractive rates and also offers the possibility of incorporating all expenses and insurance in their amount of financing.
Bank personal loan
The Montepio bank offers its customers a product with special conditions and full of advantages, so that they can concretize their projects, always with a performance tailored to the specific profile of each client.
Montepio’s personal credit includes the “Individual Credit Protection Plan” life insurance, which consists of a set of coverages and guarantees that protect the consumer in the event of unforeseen events. It is possible to opt for different guarantees and coverages according to the individual needs.
Other benefits of Montepio’s personal credit are based on an extended reimbursement period ranging from 12 to 96 months, with a range of financing varying between € 5,000 and € 75,000, as well as the possibility of covering all associated charges to the loan in the financing request.
Finally, Montepio’s personal credit also allows the client to choose between a fixed or variable interest rate, and to reduce its spread to 1% by subscribing to an additional financial product or service of the institution (which may be an orderly account , a credit card, automatic payment for services, term deposits, a protection insurance and an associate of Montepio Geral Associação Mutualista).
Types of Personal Credit
In addition to personal credit under the conditions set out above, Montepio offers three more purposes for this financial product.
Customers can opt for a personal credit for health, whose term of payment varies between 36 and 60 months and that can have a financing amount of € 2,000 to € 75,000.
On the other hand, it is also possible to opt for a personal credit for renewable energies that serves, for example, to finance the installation of solar panels at home. This type of financing can have an amount between € 2,000 and € 30,000. Also in this loan the client can choose payment terms between 36 and 60 months.
Finally, customers can also request a personal loan from Montepio bank to pay for their training expenses or even the costs of raising their children. In this case, the financing may reach 100% of the price of the training and the client has the possibility to start paying the amount owed only after the end of the course.
In this type of loan, the amount of funding starts at € 2,000, but the maximum varies depending on the level of education that is sought, and can amount to up to € 50,000.
Insurance associated with Montepio bank personal credit
The Individual Credit Protection Plan is an insurance linked to Montepio’s personal credit, safeguarding customers’ debt if any unexpected occurrences happen.
This is a flexible insurance and that allows the payment of the amount owed in case the client undergoes some unforeseen. In addition, it is possible to dilute the value of the insurance premium in Montepio’s monthly personal loan installments.
For convenience of customers, the Individual Credit Protection Plan has two different modalities: Plan A and Plan B.
While the former includes the payment of the outstanding capital in the event of the absolute and definitive death or invalidity of the insurance holder, Plan B allows not only the payment of the principal due in the event of death or absolute and definitive disability of the client, but also the payment of monthly benefits due to temporary incapacity due to accident or illness and also involuntary unemployment of the holder.