Offers consumers secured credit at affordable rates

Creditas defines its mission as reducing the Brazilian consumer debt burden. In a country where 70% of homes and cars are owned debt-free, consumers nevertheless face some of the highest interest rates in the world, with APRs of commercial banks comfortably above triple digit percentage for products such as credit cards, overdrafts and personal loans. Creditas, allows consumers to use the assets they own as collateral to significantly reduce high borrowing costs.

Cuts interest rates with about 80-90% from the normal 100-400%/annum typically charged by unsecured consumer lenders and credit card providers

33% are female consumers

Almost 50% of customers within the auto loan segment are low income customers