Check out the rates applied by Good Finance bank and get an idea if it is worth to make a vehicle financing with the bank.
Good Finance has one of the lowest average interest rates on vehicle financing in the market.
Good Finance Unibanco is the result between two large Brazilian banks, the bank is one of the most sought after to finance vehicles. Good Finance is one of the largest and most traditional financial institutions in the country, with the fifth lowest rate in the market.
Check below the conditions and average interest rates offered by Banco Good Finance for car financing.
What are the interest rates applied to vehicle financing at Good Finance?
According to Central Bank data, Good Finance has the 4th lowest average interest rate in the market, offering rates on the basis of 1.94% per month and 23.28% per year.
We have compared vehicle financing at Banco Good Finance and Banco Santander, which currently has the lowest average interest rate on the market, so you can get a sense of the impact of interest on the final value of a car loan.
Considering the financing of a car that costs R $ 25 thousand, with R $ 5,000 of entry and payment term of 36 months (three years), check the values:
Banco Good Finance (1.94% per month): R $ 27,976.32 x Banco Santander (1.85% per month): R $ 27,571.68.
The difference is $ 404.64, without considering other fees charged by banks for financing.
What are the conditions offered by Good Finance for vehicle financing?
Available to individuals and companies. In the case of individuals, the client must fill out a registration form and present documents such as ID, CPF and proof of residence and income. In the case of a legal entity, it is necessary to inform the CNPJ and assign a copy of the company’s bylaws.
There are two forms of financing offered by the bank: Direct Consumer Credit (CDC), also known as common financing, and leasing, when the car is in the bank’s name until the debt is fully repaid.