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Do you need money fast, with less bureaucracy and a more flexible analysis? personal loan Yes This could be an excellent solution. The fintech company, which belongs to the Santander group, has gained prominence for offering online personal loans with easy approval – even for those with lower credit scores.

If you're thinking about applying for credit, see How to apply for a personal loan? Yes, What are the conditions, who is it suitable for, and everything else you need to know before signing the contract.

What is a Sim personal loan?

THE Yes It is a digital credit platform that belongs to Santander Bank. The company's proposal is simple: to offer Personal loan with less bureaucracy, competitive rates, and fast approval., done entirely online — no bank account or complex income verification required.

Furthermore, the key difference lies in the transparency: even before hiring, you already know. The exact value of the installments, the interest, and the total cost of the contract., without fine print.

What are the advantages of a Sim personal loan?

If you are considering the personal loan Yes, Here are the main reasons why many people choose this platform:

1# Request 100% online
2# Fast release of funds into the account.
3# Payment in up to 36 installments
4# No upfront fees charged.
5# Accepts candidates with negative credit history in some cases.
6# Full control of the contract through the app or website.
7# A trustworthy company affiliated with Banco Santander.

Who can apply?

Sim accepts requests for any individual, provided that:

  • You have over 18 years old
  • Own Valid and up-to-date CPF (Brazilian taxpayer ID)
  • Have a bank account in your name (it doesn't have to be a Santander account).
  • Present photo ID
  • You need internet access to submit the request online.

You don't need to be a Santander bank account holder to be approved, and the process is... Less bureaucratic than traditional banks..

How does the application process work?

See the complete step-by-step instructions for How to apply for a personal loan? Yes:

1# Access the App

THE Yes Loan It is available on the Play Store and App Store:

2# Run the simulation

On the home screen, enter the amount you wish to borrow and the number of installments. The platform will immediately display the installment amount, the interest applied, and the total cost.

If you agree, just continue to the registration process.

3# Fill in your personal details

Please provide your name, CPF (Brazilian tax identification number), email, cell phone number, address, and professional information. This helps in analyzing your profile and determining your credit limit.

4# Send the requested documents

You will need to take a photo of your ID (RG or CNH) and a selfie for identity verification. Everything can be done using your cell phone.

5# Choose how you want to receive

You provide the bank details of an account in your name, where the money will be deposited if approved.

6# Sign the contract digitally

If approved, you will receive the contract for reading and electronic signature. Everything is done directly through the website or app.

7# Done! Money in the account

After signing, the The money could be credited to your account within a few hours. (on business days) or up to 2 days, depending on the bank.

What are the costs and deadlines?

  • Minimum value: R$ 500
  • Maximum valueUp to R$ 30,000 (depending on profile)
  • Installment payment: from 6 to 36 times
  • FeesPrices vary depending on the client profile, but are competitive compared to the market.

It's important to remember that the approved amount depends on a credit analysis based on the information you provide and your CPF (Brazilian tax identification number) status.

Does the Sim loan accept people with a negative credit history?

Yes, in some cases. The company analyzes each profile individually, so even if your name has restrictions, can get approval — especially if you have a stable income or can prove financial activity.

It is important to keep the data always up-to-date and complete, so that the analysis is fairer.

Is there an upfront fee?

No! And here's an important warning: the Personal loan: Yes, we never charge any fees before releasing the funds.. If someone asks for an advance deposit in the company's name, it's a scam.

The only charge is the one stipulated in the installments, as per the contract you sign digitally.

Is it possible to pay the installments in advance?

Yes! One of the positive aspects is that you can to prepay installments and get a discount on interest rates. This can be done directly in the app or on the website, in the customer area.

Furthermore, you can simulate different payment methods and see the impact this has on the final loan amount.

How can I track my contract?

After signing up, you can:

  • Access the Sim website using your CPF (Brazilian tax identification number).
  • Download the Sim Loans app and track outstanding balance, paid installments, duplicate payment slips, among other things.

Everything is done transparently, practically, and without needing to speak to a customer service representative.

See also: How to apply for a SuperSim loan?

May 29, 2025