Credit
Discover Montepio consolidated credit: no contract opening commission
Have you ever thought about combining all your credit installments into one? Montepio consolidated credit allows this and offers advantages in the operation, such as life insurance and a payment term of 84 months. Know more!
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Montepio consolidated credit: fixed rates that allow your financial organization
Montepio consolidated credit is a financial solution for those who need to organize debts. In this sense, it can help with your budget and simplify your finances.
So, keep reading to find out everything about it, see if it's worth it for your profile and even some details on how to request it if it's of interest to you!
How to apply for Montepio Credit?
Check out how to apply for Montepio credit to consolidate your debts and organize your finances.
| Interest rate | Minimum TAN: 8.700% | Maximum: 10.300% Minimum APR: 12.9% | Maximum: 13.0% |
| Payment deadline | 24 to 84 months |
| Approval | Phone or email |
| Benefits | Fixed rates, no opening commission, with life insurance, simplifies debt management and allows savings. |
In fact, this credit has some important advantages. It can be used by anyone residing in Portugal, as long as their name is clean.
Furthermore, it has fixed rates, does not charge an opening commission and, at the end, you have up to 84 months to pay it in full. So, find out more details below.
How does Montepio consolidated credit work?
Firstly, Montepio is a financial credit institution that has been providing services to the population of Portugal since 1992. This means that, over 3 decades, it has managed countless financial operations.
Therefore, it is clear that it has experience in providing advisory services to the public regarding the use of finances and transactions, in addition to granting credit, including consolidated credit.
And, speaking of which, Montepio consolidated credit is nothing more than the combination of different credit installments into one. Thus, with this combination you can combine several debts and pay them off together.
For example, consider that you have monthly installments on card credit, personal and home credit. In total there are 3 installments. When consolidating them, instead of 3 different monthly rates and fees, only one applies.
Benefits
So, check out some of the main advantages of Montepio consolidated credit:
- Fixed fees;
- Up to 84 months for payment;
- No opening commission;
- Debt simplification and savings on fees;
- With life insurance.
Disadvantages
On the other hand, Montepio consolidated credit also has some disadvantages. So, they must weigh in before deciding on hiring him. See what they are:
- Membership only by telephone, in person or by email;
- There is no possibility of simulating credit through the website, and it is necessary to contact the finance company to access it;
- Life insurance is mandatory, with no possibility of waiving it when taking out credit;
- Maximum consolidation value €35,000, which is relatively low compared to the ceiling of other consolidated credits on the market.
How do I apply for Montepio consolidated credit?
To do this, you must contact the credit company, whether by email, telephone or in person. However, only after contacting you will you have access to the credit simulation.
Therefore, our tip is that you see right away (before contacting Montepio) what amount you need to consolidate and the ideal time for payment. This will speed up service.
Finally, after the simulation, if the conditions set by Montepio are of interest to you, simply submit the necessary documentation and sign the contract.
For more details on how to do it, just access the link below and see a complete step-by-step guide on how to apply for Montepio consolidated credit!
How to apply for Montepio Credit?
Check out how to apply for Montepio credit to consolidate your debts and organize your finances.
About the author / Aline Augusto
Reviewed by /
Senior Editor
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