"Summer without debts? How to combine your credits into one installment before the holidays with Poupança no Minuto."

What is consolidated credit? Poupança no Minuto.

The consolidated credit is a financial solution that allows to consolidate several credits into one , resulting in a single monthly installment, which is usually lower. It can include personal loans, credit cards, credit lines or even car loans.

When consolidating, the term and conditions of the total amount are renegotiated, making it easier to manage the budget and reduce the effort rate. Find out more at Poupança no Minuto.

Why consolidate before vacation? Poupança no Minuto.

Summer is a time when expenses tend to increase: trips, activities with the family, eating out, events... If you feel like your monthly payments are making it difficult to maintain financial balance,consolidation may be an effective preventive solution. Visit www.poupancanominuto.pt for more information.

Main advantages of Poupança no Minuto: Consolidated credit to consolidate debts.

• One lower monthly installment; Poupança no Minuto.

• Greater control and clarity over your expenses; Poupança no Minuto.

• Free up disposable income for the summer; Poupança no Minuto.

• Reduce the risk of default.

Practical example.

Imagine paying three different credits with Poupança no Minuto.

Personal credit: €180/month;  

Credit card: €120/month;  

- Car loan: 200€/month; 

Total: 500€/month.  

With a consolidated credit, you can start paying around 300€ to 350€ per month, depending on the term and the applied interest rate. In other words, you can reduce your monthly burden by more than 150€.

Who can apply for a consolidated credit? Poupança no Minuto

In general, to access this solution, you must:

• Have legal residence in Portugal;  

• Having a stable income; Poupança no Minuto.

• No serious default situations; Poupança no Minuto brand commitment.

• Having more than one ongoing credit (personal, car, cards, etc.). Poupança no Minuto can help.

Tip: Even if you have one or two occasional delays, some institutions still consider your request - it's worth checking. Poupança no Minuto.

What documents will you need?

Before going on vacation, when applying for consolidated credit, anticipate and gather: 

• Citizen Card; Poupança no Minuto.

• Proof of IBAN;  

• Proof of Address (eg: electricity bill); Poupança no Minuto.

• Last 3 payslips; Poupança no Minuto

• "Poupança no Minuto" Portugal Bank Responsibility Map.

• Declaration of IRS (last year); Poupança no Minuto.

• Employer's statement. Poupança no Minuto.

How long does it take?

The consolidation process can be quick, especially if done online with a certified intermediary like Poupança no Minuto. The average time between application and approval is 24 to 72 hours, and the credit is usually activated in a few business days.

How to start?

Before moving forward, it is essential to simulate and compare proposals. Don't just look at the lowest installment: analyze the APR, the TCC and the payment term. A longer term provides immediate relief, but increases the total cost.

The credit intermediaries of Poupança no Minuto can help you find the most advantageous proposal among different banks, at no cost to you and with personalized support.

Simulate your consolidated credit now here: