Many people do not have access to credit lines to continue their business, especially those who already have a dirty name. However, SIM Digital arrived to offer loans to individuals who have activity production or provision of services and to individual microentrepreneurs (MEIs), even with debts.
There are some conditions for this, however, in general, it is a lot less bureaucracy and a great opportunity for these people to get back on their feet. Check out some more information about how this platform works and take the opportunity to learn how to reach a higher credit limit.
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What is Digital SIM?
Launched at the end of March, SIM Digital is a smaller credit program for individual entrepreneurs, whether individuals or MEIs, with an annual income of up to R$81,000. Also, Caixa Tem credit dates started last September.
How to apply for credit?
To make a request to SIM Digital, you must first update your registration on the Caixa Tem platform, as this is where the request will be made. However, it is also necessary to state the purpose of the loan. Thus, the approved amount will be credited to the Caixa Tem user account, but only after analysis by the bank, within a period of up to 10 days.
What is the possible loan limit at Caixa Tem?
The contract value is limited to R$1,000 for individuals and R$3,000 for MEIs. When we look at the conditions of the individual, the interest starts at 1.95% per month and the amount can be paid in 24 months. MEI interest rates start at 1.99% per month, with the same payment term.
Increase your loan limit
The amounts available for loans are based on the individual's current record data, as well as such as your credit history and estimated ability to pay at the time of completion of the analysis. As a result, it is critical that the applicant determine whether the amount is reasonable and whether the installments can be paid in full.
In this way, when a person makes payments on current dates, he establishes a credit history and a relationship with Caixa. Thus, with this data, the bank will be able to carry out a new analysis and release higher credit values in other modalities in future evaluations.