Empréstimos de crédito (E-Crédito) is a financial technology platform that enables financial companies or registered non-banking banks to lend to users through their mobile phones.

E-Crédito is the first mobile application in Brazil that allows users to get loans from an online source. It is also the first time that a mobile application is used to make a loan. E-Crédito is the only mobile application that is approved by the Brazilian financial authorities.

How does E-Crédito work?

The user chooses the amount and the term. E-Crédito then verifies that the user is the owner of the phone number. The user is then asked to provide some documentation. The loan is then approved or rejected.

What is the interest rate?

The interest rate is the cost of borrowing money. In this case, the interest rate is between 3.8% and 35% per year. The user is then charged the amount of the loan, which is the difference between the loan amount and the amount that is paid. The term is the period of time that is required to pay the loan.