Finloop

Current Account Credit

Exclusive product for our

Adhesion Contract Registration Number (RECA) 16559-440-040589/01-01595-0624

Characteristics

1.0

Minimum term

From 1 month to 120 months

2.0

Minimum credit amount

50,000 MXN up to 40 million MXN

3.0

Payment frequency

weekly, biweekly, and monthly

4.0

Funds

transfer

5.0

Minimum interest rate

5% (five) percent up to 45% (forty-five) percent

6.0

National coverage

7.0

Interest rate type

Fixed

1.0

Age

between 18 and 70 years old

2.0

Documents

required by Finloop

3.0

Collection cost

will be 1% per each period of term extension, multiplied by capital balance; (2) divided by a base of 360 (three hundred and sixty); (3) and multiplying it by the result of dividing the number of calendar days that will elapse from the beginning to the end of the extension.

4.0

Administration cost

$10.00 MXN per period.

Complementary services

Life and disability insurance up to 3,000,000.00 (Three million pesos 00/100 M.N.)

Annual average CAT (%) 27.1% without VAT (calculation date April 30, 2024)

Calculation amount 1,000,000.00 (One million pesos 00/100 M.N.)
Calculation conditions for a 12-month credit from April 30, 2024, with monthly payments as of April 30, 2025, annual rate of 20% without VAT, a disposition commission of 2% without VAT, and administration fee of $10.00 MXN per period without VAT.

Commissions

Opening fee: (0%) not applicable.
Annual fee: (0%) not applicable.
Prepayment: (0%) no penalty for early payment.
Late payment (delinquency): (0%) not applicable.
Card replacement: not applicable.
Unjustified claim: not applicable.

Other commissions

Disposition commission: This commission will be calculated based on the total amount of the disposition made, for an amount or percentage corresponding to 2%.
Administration fee: For the administration of this credit line, the amount of $10.00 MXN during all periodic payments of the credit, as per the amortization table.