Finantodo: A Strategic Partner
We are an allied company for companies that wish to grant financing modalities to their clients in an agile and easy way to sell their products.
Tourist Services
This product is designed for On Vacation customers On Vacation want to travel immediately but do not have the necessary cash on hand.
Credit for down payment
- Up to $1,000,000 or 20% of the reserve value is granted.
- Applies to trips with a departure date greater than 60 days.
- Maximum term of 30 days.
- No credit study is charged and no documentation is required.
Interest rate
Applies to clients granted until June 30, 2022.
| Effective annual interest rate | 21% E.A. |
|---|---|
| Interest rate in months in arrears | 1,6% |
| Effective annual interest rate | 25.55% E.A. |
| Interest rate in arrears month in arrears | 1,91% |
| Maximum time allowed | From 1 to 24 months |
The late payment interest rate is 1.91%. This applies to traditional loan customers effective July 1, 2022.
Product and service rates
Applies to clients granted until June 30, 2022.
Debtor life insurance
0.09% Annual cash
Prejudicial collection cost
10% on the total overdue balance in excess of 180 days past due
Fees for legal proceedings
20% on the total overdue balance over 180 days past due
Methods of payment
To learn about payment methods please visit the following link link
