Payday Loans – Up to $ 60,000 with fixed payments

What are the steps to apply for a credit ?

What are the steps to apply for a credit ?

Accessing the payday loan platform is very simple and 100% online in three steps:

  1. Complete the application that will take you only 3 minutes to pre-qualify and auction your credit. In less than 48 hours you will have an answer.
  2. You receive offers from investors to fund it.
  3. Make monthly payments of fees.

What are the requirements to apply for a payday loan ?

What are the requirements to apply for a payday loan ?

  • Be Mexican with permanent residence
  • Be over 18 and under 70
  • A minimum work experience of 9 months
  • Gross monthly income of $ 8,500 verifiable
  • Good credit history in the last 2 years
  • Have account in a bank
  • Own an e-mail account
  • Have a cell phone number

How much money can I request and in what terms?

Personal payday loans , you can request from $ 5,000 to $ 150,000 in 12, 18, 24, 36 or 48 months although it will depend on your ability to repay.

We recommend you use the payday loan simulator to analyze the fee you must pay and whether or not you are able to assume the debt.

How do I get the money they lend me?

payday loans is reliable since one of the advantages is that the money is deposited in your bank account without intermediaries via a transfer.

How do I pay my payday loan fees ?

How do I pay my payday loan fees ?

You must pay your first installment 30 days after your credit is granted and you can do it by transfer through your electronic banking, or direct the payment, there are no branches .

What fees do you apply on payday loans between people?

Who requests the credit will have the following costs:

  • Commission of Use of the Platform: charged only to the crediting of the money only once. From 2.5% to 6% + VAT of the credit, depending on the term and profile.
  • Committee for Administration of Quotas a value of $ 6 plus 0.085% of the unpaid balances plus the corresponding Value Added Tax.

For clients with payment arrears, exclusively:

  • Late payment fee: $ 130 plus VAT for each overdue installment.
  • Intimations for non-payment: it is the recovery of the cost for legal notifications for the lack of payment.
    Late interest: for late payments. It is an additional 50% per annum on TNA and is calculated per day of delay.
  • Professional fees for default management: it is the reimbursement of the cost of the management of defaults. It is 30% of the unpaid balance plus VAT.

What interest rate do you apply to payday loans between people?

What interest rate do you apply to payday loans between people?

Annual nominal rates vary between 4.50% and 50.50%.

Nominal interest rate payday loans

Client’s profile 12 months 18 months 24 months 36 months 48 months
AA 4.50% 5.00% 5.50% 6.00% 7.00%
TO 13.00% 13.50% 14.00% 14.50% 15.00%
B 20.00% 20.50% 21.00% 21.50% 22.00%
C 29.00% 29.50% 30.00% 30.50% 30.50%
D 35.00% 35.50% 36.00% 36.50% 37.00%
AND 41.50% 42.00% 42.00% 43.00% 44.00%
F 49.00% 49.00% 50.00% 50.00% 50.50%

Total Annual Cost (CAT) payday loans

Client’s profile 12 months 18 months 24 months 36 months 48 months
AA 14.58% 14.64% 16.12% 15.57% 16.75%
TO 27.04% 26.29% 26.18% 25.50% 26.17%
B 38.82% 37.16% 36.59% 35.40% 35.94%
C 54.75% 51.97% 52.66% 49.70% 48.79%
D 65.81% 62.35% 62.90% 60.20% 59.84%
AND 80.49% 75.66% 73.84% 71.58% 72.76%
F 98.48% 91.10% 90.48% 85.68% 85.98%

How long do they take to grant me the credit?

Once your credit request is accepted, it is auctioned for 14 days on the platform. Once that percentage is reached, the auction closes and the funds are transferred to your bank account.

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