BV Bank, one of the largest financial institutions in Brazil, has been the leader in the used light vehicle financing segment for 11 consecutive years. The financial institution continued to maintain good results during the first quarter of 2024 and has shown even greater growth potential for the coming years. As a result, more and more people are seeking to apply for and have credit approved with the bank, so now we will show you everything about how it works. BV vehicle financing.
What is BV bank financing and how does it work?
BV bank financing is a financial operation in which You borrow money from the institution and buy your motorcycle or car from a store or dealership. You can choose a store and take advantage of the different brands, or go to a dealership that only sells models from the same brand. BV has partnerships with several companies and has the means to facilitate your financing.
Among the highlights of the services offered by BV, we can mention:
- One of the lowest rates on the market: Finance with rates that fit your budget and count on the support of our experts.
- Simulation 100% online: Simulate your financing online in a simple, secure and 100% way in just a few steps.
- Freedom to choose your vehicle: You can finance cars, motorcycles and trucks, whether new or pre-owned, sold by a partner store or directly by the owner.
- Fixed installments and flexible terms: You choose the fixed installment amount and the flexible term for your contract, which can be from 3 to 60 months.
- CO₂ offsetting: With Sempre Compensa, BV is the only bank that offsets 100% of the CO₂ emitted by financed vehicles, helping the environment.
With so many options available, payment facilities and even the possibility of simulating completely online before applying for credit, BV bank shows why it has been leading the market for so many years.
What do I need to finance a vehicle with Banco BV?
To get a good vehicle financing contract with BV or any other bank, you need to have a good credit history and a clean record. The institution will analyze your credit score – which is a score that shows whether you are a good payer – before offering credit. The better your score, the better your offer can be.
Scoring is carried out by credit analysis companies, such as Serasa and the SPC. Taking into account important points, such as:
- Your payment history: if there are outstanding debts and your name is on the negative list;
- Your consumption habits: if you have outstanding credit debts and if you pay on time or are always late, if you pay in cash or in installments, etc.
The score ranges from 0 to 1000, with the lowest score for more critical cases and the highest for those with a good payment history, considerably increasing the chances of having credit approved more easily.
BV bank will check your score and also evaluate your current income. Therefore, it is necessary to have a source of income to ensure that you will be able to keep up with the payments. Then, the analysis will determine under which conditions you can take out vehicle financing.
How do I simulate BB financing and what documents do I need?
It is possible to carry out the Banco BV simulation completely online, you just need to Click here and head to the BV Bank official website. Then, simply enter your full name and CPF, proceed to the details of the vehicle you wish to finance, enter the seller's details (they can be from the website's database) and check the simulation result.
The result will inform you of the total value of the vehicle, the number and value of the installments, the payment term, interest rates and much more. With this, you can make the request if it is within what you expected. And if confirmation is granted, you will need to send documents such as CPF, ID, proof of residence, proof of income and any other documents requested by the bank. After approval and submission of the documentation, the credit will be released directly into your account.
So good luck with your application!
