Finantodo a strategic ally
We are an allied company for businesses that wish to offer financing options to their customers in an agile and easy way to sell their products.
Travel services
Product designed for On Vacation customers who wish to travel immediately and do not have cash available.
Down payment loan
- Up to $1.000.000 or 20% of the reservation value is awarded.
- Applies to trips with a departure date greater than 60 days.
- Maximum period of 30 days.
- There is no credit check fee and no documentation is required.
Interest rate
Applies to customers granted until June 30, 2022.
| Annual effective interest rate | 21% EA |
|---|---|
| Interest rate per month | 1,6 % |
| Annual effective default interest rate | 25,55% EA |
| Default interest rate month due | 1,91 % |
| Maximum allowed period | From 1 to 24 months |
Late payment interest rate of 1,91%. Applies to traditional credit customers starting July 1, 2022.
Product and service rates
Applies to customers granted until June 30, 2022.
Debtors' life insurance
0.09% Annual Effective Rate
Cost of pre-legal collection
10% on the total outstanding balance exceeding 180 days in arrears
Legal fees
20% on the total outstanding balance exceeding 180 days in arrears
Payment methods
To learn about payment methods, please visit the following link
