MFI Report

Caja Los Andes currently offers five Credit Products: Enterprise Credit designed for micro, small and medium enterprises from trade, production and service sectors for working capital, fixed assets and free availability with maximum terms up to 10 years and an interest rate of 1.25% to 2.5% in foreign currency and 2.75% to 3.25% in national currency; Gold Credit, whose main objective is to ease the access of immediate credit for persons that would be limited in recurring to the financial formal system, with interest rates of 4% in local currency and 3% in foreign currency and up to 180 days terms; Time Deposit Credits to provide liquidity to persons or institutions that don’t want or can’t cancel in advance its deposits nor negociate them on the secundary market, the interest rate is fixed form 1% to 4% up to the nominal rate of the instrument and up to a term equal of the Time Deposit one; Housing Credit, for financing house purchase or land acquisitions, repairing, enlargement, construction, basic services installing or any other destination that implies a housing improvement, interest rates of 2.5% to 3% for local currency and 1.08% to 2.25% in dollars and terms up to 10 years; and Wage Earners Credit, granted to natural persons whose principal income is originated by a monthly salary, as a result of the working relation with an enterprise or institution, interest rates of 2.5% to 3% for local currency and 1.08% to 2.25% in dollars and terms up to 10 years. Additional commissions up to 2 % are sometimes charged according to loan use and client type. Late payment fees on accumulated arrears range between 3 and 7 % in annual terms.
• Loans
• Voluntary Savings
Ocultar