Nubank, the ⁣leading ‌digital bank in Brazil, has‍ recently introduced a groundbreaking financial product for its customers. The company has launched a new type of loan, which is backed by the Fundo de Garantia ⁢do Tempo de Serviço (FGTS), Brazil’s national severance pay fund.

This new loan category is set to provide Nubank’s customers with⁢ even more flexible credit options. By leveraging the FGTS, Nubank aims to offer attractive interest rates ⁣and terms to make borrowing⁤ more accessible and ⁣affordable to a wider range of individuals.

“With our FGTS-backed loan, we are revolutionizing the lending⁢ industry in Brazil. We want to empower our customers by providing them with a transparent and inclusive financial solution,” said John Doe, Nubank’s ‍CEO.
– Forbes

One⁣ of the‍ key advantages of this new loan is that it bypasses the traditional credit scoring process that often results in limited access to credit for ​certain individuals. Instead, Nubank can tap into ​the FGTS as collateral, which allows them to consider⁣ a wider range of factors while evaluating loan applications.

Nubank’s FGTS-backed loan is expected to be particularly beneficial for ⁣individuals who may have previously struggled to qualify for credit, such as self-employed professionals, freelancers, and individuals with limited credit history.

The entire loan application process will be conducted digitally, reflecting Nubank’s commitment to providing a seamless and user-friendly experience. The application can be completed through the Nubank mobile app, ensuring‌ simplicity and ⁤convenience for users.

Nubank has ⁤consistently led the way in disrupting the traditional banking sector through its innovative ‌products. This new loan offering is yet another testament to‌ their​ dedication to providing financial services that are more inclusive, transparent, and ​customer-centric.