New offer Launched: BxBlue Affiliate Program
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What is Bxblue Affiliate Program
Bxblue Affiliate Program is a popular Financial Affiliate Program. Bxblue is a marketplace for personal loans in Brazil. The service explicitly targets pensioners and Government workers because they can take loans secured by their guaranteed income. If your audience is interested in financial products, you should definitely show them Bxblue Affiliate Offer. Joining Bxblue Affiliate Program, lets your visitors access one of the most trusted loan services in Brazil. Earn a Bxblue Commission and start monetizing your traffic!
Bxblue is a marketplace for personal loans in Brazil targeting pensioners and Government workers as they can take loans secured by their guaranteed income. Because of that banks can deduct the payment directly from the paycheck, leading to an apr 10x lower than credit cards. Payroll secured loans are the most affordable personal loans in Brazil, and they represent 60% of the personal loans in the country. Before Bxblue, payroll-secured loans were a completely offline market accounting for 40bn dollars/year. bxblue decided to change that by creating a marketplace for borrowers to evaluate multiple loan options all in one place. In Brazil, popular personal loan products are available mostly to government employees and pensioners. Lenders offer attractive personal loans to this group because their income is regular and guaranteed, and the banks can automatically deduct payments directly from a borrower’s paycheck.
From the borrower’s perspective, these loans are attractive because there’s not only the ease of repayment and minimal risk of default, but also the rates are much better than what they’d be able to get by financing purchases with a credit card. About 20% of Brazilians fall into this category of borrowers, and they take out more than $40 billion in personal loans each year. So it’s a big market, but currently most of these payroll-secured loans are issued by bank agencies or freelance street brokers acting on behalf of the financial institutions.
The problem is that street brokers aren’t always acting in the best interests of borrowers, as their main motivation is getting the best commission they can and steering customers in that direction. And for the financial institution actually issuing the loan, the offline nature of the transaction means they don’t really have any relationship with the borrower. Bxblue is seeking to change this industry by taking it online and creating a marketplace where borrowers can choose which bank they wish to work with. Meanwhile, lenders are able to build an ongoing relationship with customers over time, as many seek additional lines of credit once one loan is paid off.
Bxblue wants to be the go-to place for facilitating the process, as many borrowers can take out as many as 20 or 30 of these personal loans over their lifetimes. Moreover, it provides a way for borrowers to refinance loans if another bank is offering a better rate. Through its proprietary technology platform, Bxblue provides services that allow customers to compare the payroll loan options available for their profile, the rates practiced by banks, and to finalize the contract digitally, without having to go to the bank. The company receives a commission on the value of each loan made through the platform.
Now Bxblue operates throughout Brazil and has four partner banks – Banco do Brasil, Financeira BRB, Daycoval, and Cetelem. In just over four years, bxblue has already brokered BRL 500 million in payroll loans through its platform. The economic crisis caused by the COVID-19 pandemic leveraged fintech’s operations eight times, which attracted investors’ attention.
Bxblue is already one of the most popular and innovative loan services in Brazil. Bxblue Affiliate Program is an excellent solution if your audience is interested in financial services or specifically in loans. Bxblue Affiliate Offer is a brilliant choice for you as a publisher. Just sign up at Indoleads and start earning real money with our amazing offers! For more affiliate programs like Bxblue, visit Indoleads Affiliate Program Marketplace.