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

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 multiplied by the result of dividing by the number of periods it comprises, plus VAT.

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 (%): 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

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.