
New car or new home? There's only one answer:
Agibank Pre-Purchase Financing.
How it works
A group of people get together to save up and purchase an asset. At Agibank, we provide options for groups to buy vehicles and real estate. Pre-purchase financing, known as “consórcio” in Brazil, is cheaper than traditional financing, since you don't pay interest.
Schedules and installments
Each group has clearly-defined installments and schedules: you come in knowing how much you'll invest each month, and also for how many months you'll make that investment. At the end of that period, everyone in the group receives credit to purchase the asset.
Receiving the letter of credit
You can win a prize draw to receive the letter of credit ahead of schedule, or bid to increase your chances. Letters of credit are distributed monthly at general meetings, depending on group availability.
Letter of credit
It's the amount chosen by the customer when they sign the pre-purchase financing agreement. After receiving the letter of credit and being approved by the credit analysis process, it allows them to purchase the asset with that amount.
A safe investment
Letters of credit earn an annual market interest rate. As well as insuring your purchasing power, it's a fully-guaranteed investment, backed by a solid management company.