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PREGUNTAS FRECUENTES

What are the minimum requirements to qualify for a loan?

Be between 18 and 70 years old, have an identity card and have a source of income. If the credit is for commerce, service and industry: you must have a business with at least six months of operation and registration with the Municipal Mayor’s Office. If the client is a salaried person: have six or more months of work, have an INSS stub, salary record and a photocopy of receipts for basic services: drinking water, electricity, conventional telephone, cable.

What is the interest rate that applies to a loan?

We have differentiated rates by amount and product, ranging from 2.17% to 4.32% per month on balance.

What items do they finance?

Commerce, industry, service, agriculture, livestock, housing, wage earning, consumption, and sanitation and water needs.

What are the terms of the credits?

It depends on the economic activity and the ability to pay. The terms range from 1 to 36 months.

What are the guarantees they accept?

Bond, pledge (agrarian, civil and commercial), transfer of possession rights and mortgage.

What would be the repayment installment of the loan?

It depends on the interest rate, amount, term and ability to pay.

How long do they resolve the credit application?

From 1 to 3 calendar days, counted from the delivery of the complete documentation of the case by the client.

What is the commission that they apply for disbursement of the credit?

1% depending on the amount of credit and economic activity.

In what other expenses do I incur for the disbursement of the credit?

All credit expenses are included in the annual effective interest rate (TCEA): current interest, disbursement commission, debtor balance insurance, maintenance of value, consultations in the risk centers and legal expenses for the formalization of the credit.
For loans guaranteed with a mortgage, the expenses are the same as those stated in the previous paragraph plus property appraisal, freedom from lien and municipal solvency.

What are the requirements for re-lending clients?

They are the same as those requested for new customers, only data is updated.

What is the maximum amount that can be granted to me?

The maximum amount to be disbursed is C $ 666,402.00 (six hundred sixty-six thousand four hundred two cordobas) equivalent to US $ 19,136 dollars (Nineteen thousand one hundred thirty-six dollars). This amount depends on your ability to pay, financial solvency and social solvency.

Is there a penalty for early payment?

There is no prepayment penalty, the client can cancel his credit at any time.

What is the interest rate?

It is equivalent to a quarter of the agreed interest rate.