Collective Student Financing. How Does This Credit Work?


Collective student financing with peer to peer, plus a novelty as a credit alternative for students who want money to finance their studies. It is no secret to anyone that it is increasingly difficult to pay for university or to enter higher education in Brazil.

Continuing the study anyway has been a challenge with all the cuts and changes in government these days. In Brazil, some student financing and credit programs are available from the government, such as Fies and Prouni and Quero Bolsa, an online platform, but the situation is unstable with all the changes that have been taking place in the country.


What is Collective Student Funding?


 What is Collective Student Funding?

To reach the dream of the diploma or just want to continue studying, there are other possibilities that the student can explore. Biva’s student credit is an example of these options when creating alternative student credit project. Do you know how this credit line works?

First of all, it should be made clear that online Biva is not a bank, it is a loan platform and it is launching the mode of collective student financing for students. In addition to not worrying about the abusive interest rates of the financials, you can take advantage of to make a network of collaborators and, perhaps, to help fulfill someone’s dream.


Financing and loan to achieve dreams!

Biva is a collective financing platform . It can be used for both business investments and personal loans. Its main function, however, is student credit. The Biva is nothing more than a peer to peer loan platform. This is a type of collaborative credit. P2p means point to point. That is, this is a direct transaction between the investors and the beneficiaries.

Peer to peer lending platforms are sites that connect companies or individuals who are seeking loans with their potential investors, whether to pay off the debt in the company or continue studying. The platform can help you find the financing you were looking for.


How can I finance studies with the loan?


How can I finance studies with the Biva loan?


Getting the loan to fund the studies with BIVA is easier than you might think. Nor is there so much bureaucracy. To apply, first access the online platform to perform a simple registration. In this registration, enter the required data and follow the instructions in the next steps.

Sending documents should be done by photo, on your smartphone. After submitting this information, the credit assessment will be done. Once 100% of the amount of your funding is achieved, the semester is paid. You should keep in mind that the monthly fee is not covered 100% by credit. In this platform you will pay 40% of the value of your monthly payment, with an interest rate of 2% per month and have its semester dissolved in 9 months.

This credit is very simple to obtain and is certainly a good aid for those who are having difficulties paying the university or the technical course. It is the dream of the diploma and of a profession ever closer! In addition to this type of student credit, you can find alternative investment forms, and small business loan and MEIs.


What are the advantages and disadvantages of using the online platform?


Biva - what are the advantages and disadvantages of using the online platform?


Biva is a financing platform full of advantages and a great name in the market. Since it is not a bank, interest rates are lower than normal loans, and putting rates and interest on paper really ends up being very worth opting for Biva.

The applicant does not need to pay membership fee or credit opening. At Biva everything is done online, so make sure your internet is working very well. Another differential of this platform is that, at the time of its graduation, Biva still helps the trainee to get in touch with companies for a good placement in the market. Is not it really a big differential?

To recap: the main advantages are:

  • Lower than market rates
  • Less bureaucracy, but faster
  • Financed by people
  • Opportunity in the market


Use finance and credit wisely


Use finance and credit wisely


Before you apply for collective P2P funding or personal credit, think hard about whether it is right for you. You need to evaluate and calculate well if you can repay this debt. There are key points that you should check before you apply for this investment. You should also look at how well lending P2P loans work.

Even if you have the dream of a college and find it difficult to bear the costs, you need to put it on the end of the paper if you have all the conditions to pay later. First, study how much capital you have and how much you want to invest. Evaluate the best due date if the value of the benefits fit your budget. Make sure you can pay for everything on time and avoid interest rates.

Currently the platform has about 10,000 registered investors and has already granted approximately 35 thousand reais in credit. These collective loans and now with the novelty of collective student funding, which are increasingly common. These alternative ways of helping others and yourself should evolve further. The Biva is proof of this. With their social loans everyone wins.

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Loans Without Payroll Or Endorsement, Is It Possible? – Quick Credits and Quick Loans


Until recently, anyone who went to a bank office to apply for loans without payroll or endorsement or without one of both requirements, automatically received the same answer: No. But the credit sector has changed a lot in recent years, especially since the appearance of platforms such as Captain Nemo , where it is possible to get an online microcredit without having to meet such demanding requirements. In these lines we explain why banks reject these requests and why Captain Nemo does.


Payroll and endorsement, essential for banks


Payroll and endorsement, essential for banks


Given the high amount of personal loans handled by banks, well above € 10,000 in many cases, all entities try to ensure that the applicant has sufficient economic capacity to meet their obligations to return, both as regards to income as to the stability of that income. For this reason, fixed payrolls are so important for banks: they provide security in both aspects.
However, some entities open some loophole of hope if the applicant can provide a guarantee, be it banking or personal type. If so, it is always advisable to analyze the conditions of the guarantee, since in the first case it may be a very expensive operation and in the second, it may involve certain guarantor commitments that are certainly risky. What is certain is that without both, the possibilities of obtaining a credit in a bank are nonexistent.
In addition, even if the applicant has payroll and endorsement, there are other requirements that must be met. The main one is not to be part of the lists of defaulters . The most famous is ASNEF, but in that group of directories is also RAI, FIJ or even Cirbe, a file at the banking level and managed by the Bank of Spain that alerts the cases of ‘suspicious’ clients that have not yet completed any default .

Captain Nemo does grant loans without payroll or endorsement, why?


Unlike banks, online credit platforms have relaxed access requirements for financing. The best example is Captain Nemo, which grants loans without payroll or endorsement of up to € 750 , which is a second chance for many people who have found the ‘No’ answer in the bank offices or who have not directly bothered to try it. .
The reason that Captain Nemo does grant loans without payroll or endorsement is the amount of these: the maximum is € 750 but the minimum is really low: € 50. Amounts like this are so assumable that you do not need to have too high an income to be able to meet the return period, which ranges from a single day to 30 days.
Another central idea is the absence of monthly payments : the return of the credit is made only once, so it is not necessary to prove that you have a high salary for an indefinite period. Once the amount of the credit plus the expenses is paid, the user no longer has any obligations with Captain Nemo. This, on the other hand, reduces the loan costs, since the more monthly payments are agreed for the return, the more total commissions are paid in total, since each of them has their respective interests. That’s what happens with banks.
And these credit facilities for those who do not have payroll or endorsement is also extendable to those who are part of the ASNEF list and the other files of defaulters mentioned thanks to our exceptional quick credits with asnef.

Requirements for obtaining an online credit


Requirements for obtaining an online credit


As is logical, although the requirements are more flexible than in banks, whoever requests a loan on our platform must meet several basic minimum conditions. The first is that you must be of legal age , not because Captain Nemo requires it, but because that is stipulated by Spanish and European legislation.
The other basic requirement is to have a bank account , which will be where the user receives the requested amount of money. It does not work with other payment methods such as checks or promissory notes because it slows down and hinders the process, and one of the strengths of online loans is precisely its simplicity of processing and reception.
Finally, the other requirement to benefit from loans without payroll or endorsement is to have some type of income , which may not be a payroll, as we have seen. The options that are accepted as valid income are very broad and, logically, must be legal. In this case any type of pension is accepted (retirement or disability are the most common), as well as unemployment benefits. In both cases, the reliability of the payer (the State) is a guarantee of collection. Beyond these cases, you can study many other cases, such as scholarships, inheritances or any other type of demonstrable income.


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