Finloop

Fixed Payment Simple Credit

Exclusive product for our

Adhesion Contracts Registration Number (RECA): 16559-439-040342/01-01070-0524

Characteristics

1.0

Minimum term

One month, up to 240 months.

2.0

Minimum loan amount

50,000 pesos, up to 40 million pesos.

3.0

Payment frequency

weekly, biweekly, and monthly

4.0

Transfer

Electronic funds

5.0

Minimum interest rate

5% up to 45%.

6.0

National coverage

7.0

Interest rate type

Fixed

1.0

Become a Finloop Partner

Have a current Finloop Partner membership contract.

2.0

Have a legally constituted company

And registered in the RPP with the activity of loans, credits or mutual funds.

3.0

Approve Finloop risk requirements

Cover documentation and risk requirements according to Finloop's internal policies.

4.0

Portfolio generation experience

Have a positive track record of placing loans in Finloop and have a loan portfolio available to offer as collateral.

Complementary services

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

Annual Average CAT (%): 23.04% without VAT (calculation date: April 30, 2024)

Calculated amount: 1,000,000.00 pesos.
Calculation conditions for an 18-month loan as of April 30, 2024, with monthly payments until October 30, 2025, an annual rate of 20% without VAT, a disposition commission of 2% without VAT, and an administration fee of $10.00 MXN per period without VAT.

Commissions

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.