Learn how to apply for a loan through the Nubank app. You can split the payment into up to 24 installments!
If you need money, you can use Nubank to get loans quickly and easily, without any bureaucracy. The process can be completed in just a few minutes using the digital bank's app, on both Android and iOS phones. You can choose to pay in up to 24 months and set the best day to start paying before finalizing your request for the money.
In addition, the app displays the amount to be paid monthly and the interest, which varies according to the loan amount and the number of installments chosen. If you transfer your salary to Nubank, the bank promises a 25% discount on the interest rate when taking out a personal loan. This feature in the app is released upon credit analysis.
Learn now step by step how to simulate and get a loan from Nubank.
How to take out a loan at Nubank
- Open the app from the bank. In the menu with transaction methods, located on the home screen, drag your finger from right to left and choose the “Borrow” option. After that, tap on the marked icon. Then, select one of the options displayed by clicking on a title;
- Click on “Personal loan” and then on “Simulate loan”. You can change the loan amount by tapping the pen icon. You can also change the date of the first installment and choose the number of installments by tapping the arrow;
- Tap on the number of installments selected and click on “Choose”. The app will show the total amount to be paid including interest. After viewing this information, tap on the arrow;
- Click on “Take out a loan” and then scroll down and go to “Confirm hiring”;
- To complete the action, tap on the first square and enter your password. After that, click on the “check” icon and complete the action.
How to check in-app purchase limit
Through the application from Nubank, It is also possible to check the value and types of limits available to the user. The “My limits” function was added to the app in July of this year and allows the user to have a broad view and manage various credit options at the bank in an integrated manner. The feature also makes it possible to obtain new lines of credit, in addition to offering the ease of monitoring future assessments and the flexibility to choose between different modalities.
The Nubank card limit is defined by an algorithm fed with market data. The algorithm performs a risk analysis, usage profile and other data to determine the customer's initial limit, which can be increased or decreased. To increase the limit, it is ideal for the user to pay their bill on time, in addition to informing an update of their income, if it increases.
Nubank also offers an additional milite, which is exclusive to paying via by ticket, without affecting the user's regular limit. Its purpose is to help customers concentrate spending on their bill and increase their purchasing power. The additional limit can also be used for payments via Pix, which allows you to use the card to pay in a single installment or in up to 12 installments.
To see your limit, simply scroll down the app's home screen and click on “Credit Card”. On the next page, click on “My Limits”. To increase your limit, simply click and drag the purple icon in the value table. In this tab, you can also check information about the approved limit on your card.
