If you're looking for a fast and practical way to borrow money in Brazil, Mercado Pago offers a compelling personal loan option.
With a fully digital process, flexible repayment terms, and quick approval, it’s becoming a go-to solution for many Brazilians seeking financial support.
If you need funds for emergencies, to pay off debts, or to invest in a personal project, we will walk you through how to apply for a Mercado Pago personal loan.
Understanding Mercado Pago Personal Loans
Mercado Pago is the financial arm of Mercado Livre, Latin America's largest e-commerce platform.
In addition to payment services and digital wallets, Mercado Pago also offers personal loans (empréstimos pessoais) to select users.
The company offers pre-approved loans through its app or website. That means you don’t need to visit a bank or consult with a consultant.
If you’re eligible, the offer will appear in your Mercado Pago account, and the money can be deposited within 24 hours after approval.
Benefits of Learning to Apply for a Mercado Pago Personal Loan
It does not require in-person visits, paperwork, or proof of income, making it highly accessible for those who already use Mercado Pago or Mercado Livre regularly
The loan amount, interest rate, and installment options are personalized based on the user's financial behavior within the platform.
Repayment is made in fixed monthly installments, and users have the option to repay early, often with discounts.
Who Can Apply for a Mercado Pago Loan?
Mercado Pago loans are not open to the general public. Only users who receive a pre-approved offer are eligible to apply.
To receive an offer, you must meet certain internal criteria based on your financial activity within Mercado Pago and Mercado Livre.
Eligibility Requirements:
- You must have a Mercado Pago account in Brazil.
- You must be at least 18 years old.
- Your CPF must be in good standing (no credit restrictions).
- You must receive a pre-approved offer via the Mercado Pago or Mercado Livre app.
- You should have a transaction history, such as payment records, sales, or purchases.
Mercado Pago uses its own algorithms to assess your profile.
If you use their digital wallet frequently or sell on Mercado Livre, you’re more likely to receive an offer.
How to Apply for a Mercado Pago Personal Loan
Applying is simple and takes only a few minutes. You just need a smartphone or computer, an internet connection, and your CPF.
Step 1: Log In to Mercado Pago
Open the Mercado Pago appon your smartphone or go to mercadopago.com.br and log in to your account using your CPF and password.
Step 2: Check for Pre-Approved Loan
After logging in, tap on the “Empréstimos” (Loans) section.
If you have an offer available, it will appear with the maximum amount, interest rate, and installment options.
Tap “Ver detalhes” (See details) to review the terms.
If no offer is available, you may see a message like “Você ainda não tem um empréstimo disponível.” In that case, continue using the platform—offers may appear later.
Step 3: Customize Your Loan
Choose the amount you wish to borrow (up to the limit offered). Select the number of installments, which usually ranges from 3 to 24 months.
The system will automatically show the monthly installment amount, total cost, and interest rate (CET).
Make sure you read and understand the full cost of credit before proceeding.
Step 4: Confirm Your Data
Confirm your CPF, address, and bank account details.
If requested, upload a photo of your RG or CNH (official ID).
Agree to the loan terms and conditions.
Step 5: Receive the Funds
Once your request is confirmed:
The money will be transferred to your Mercado Pago account (not your bank account) within one business day.
You can use the balance to pay bills, make purchases, or transfer it to your bank account.
Interest Rates and Fees
Mercado Pago’s interest rates are personalized and vary according to your credit profile.
Some users report interest rates starting around 2.5% per month, but they can increase depending on the risk analysis.
Key Cost Information:
- CET (Total Effective Cost): Includes interest + operational fees.
- No advance fee or deposit is charged to receive the loan.
- You may repay early with interest discounts.
- Always check the full CET (Custos Efetivos Totais) before finalizing your application.
Pros and Cons of Mercado Pago Loans
Advantages:
- 100% online process via app or website.
- Fast deposit—usually within 24 hours.
- No paperwork or proof of income required.
- Early repayment discounts.
- Available even for those without a bank account.
Disadvantages:
- Only available to pre-approved users.
- Interest rates may be higher than those of bank loans.
- Limited installment options compared to traditional lenders.
- Lack of personalized support.
Tips to Improve Your Chances of Getting an Offer
Use Mercado Pago frequently for payments or as a wallet and sell products on Mercado Livre, if applicable.
Avoid negative credit behavior (such as late payments or defaults) and keep your CPF and contact info updated.
Utilize features such as QR code payments, transfers, or recharges.
Remember, offers are made based on your financial activity and risk profile within the platform.
Contact Information for Mercado Pago in Brazil
If you have questions or technical issues during the application process, you can reach out to Mercado Pago’s support team:
- Customer Support Website: www.mercadopago.com.br/ajuda
- Phone Number (Brazil): 0800-637-7246
- Corporate Address: Av. das Nações Unidas, 3.003 – Bonfim, Osasco – SP, 06233-903, Brazil
Please note: There is no in-person service for loans. All procedures are handled through the app or site.
Final Thoughts
Apply for a Mercado Pago Personal Loan to offer a fast and digital way to access extra cash if you're eligible.
With a straightforward application process and transparent repayment terms, it offers a convenient solution for many Brazilians managing short-term financial needs.
If you already use the platform and receive an offer, consider your budget carefully before accepting the loan.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Interest rates and terms vary by user and are subject to change. Always read the full terms of your loan offer before accepting.
