So far, the company has originated about $100 million in collateralized loans. Furio’s company charges anywhere from 17 percent to 25 percent for home equity loans and between 23 percent and 50 percent for auto equity loans, according to Furio. Creditas actually makes money in three ways: through loan origination fees; through servicing fees; and return on investment for the junior tranches in the funds that supply the loans. There’s an acute need for services like Creditas in Brazil. Banks in the country don’t typically offer loans with collateral, because they prefer the high-margin unsecured loans that they’re used to. A typical personal loan has 120 percent APR, and revolving credit cards in the country typically have 480 percent APR.

https://techcrunch.com/2017/12/12/brazilian-startup-creditas-is-revolutionizing-credit-in-the-worlds-third-largest-lending-market/