Affiliates who have an unsecured loan and wish to carry out a novation must comply with the dates set by the Bank of the Ecuadorian Social Security Institute (Biess).

Those who tried the novitiate in the institution’s system were shown a message that they were assigned working days from the 1st to the 9th and 26th of the month to access the novitiate.

Mortgage loans in Biess: your interest rate depends on these three factors

A novation can be done after 25% of the original term has expired and after 25% of the total amount of your current loan has been paid, replacing the original loan according to your ability to pay.

For branches, the novation conditions, in addition to these working days, are:

You can request the novation of your unsecured loan 48 hours after payment of the forms by the employer, regardless of the payment made in point 3.

More than 40% of IESS unsecured loan money is now used to cover health costs

For insured persons who have both the role of insured and pensioner-pensioner in the web application: you can request the novation of an uninsured loan on working days from the 1st to the 3rd of each month, from the 6th to the 9th and the 26th of the month. every month.

Previously, changes could be made after canceling the payroll or payment confirmation until the 26th of each month in the case of active members, and for retirees it was from the 1st to the 3rd and from the 22nd to the 26th of each month. .

A message from Biess to those who entered the uninsured system on February 23 indicates that the entity is generating forms for the monthly discount on installment loans paid through the employer and that “once this process is complete, starting on the 26th, you will be able to access various options on the web applications such as: “Generation of payment slips”, “Processing or crossing of invoices” and for the “Novation” option according to the dates specified in the information table when accessing that section”.