He BIESSbank from Ecuadorian Social Security Instituteadministers unsecured loans to members, pensioners and retirees to meet their spending needs.
This loan can be accessed with an accumulated value of u Reserve fundor depending on the ability to pay, il BIESS can award an amount of up to 80 unique basic salaries, or 36,000 USD. Loan amount This will depend on the payment options and the time of payment of contributions to the IESS.
Mortgage loans: interest can cost more than the house by choosing the longest term
Who is looking for a loan You must set aside up to 50% of your salary for the monthly payment. The maximum repayment term is up to 60 months, or 5 years.
According to the entity, this money can help finance debt payments, vehicle or property purchases, health or study expenses, among others.
Associate members and retirees can claim theirs #Unsecured loan Term up to 60 months with the best interest rate.
Access your current money 💰 at https://t.co/180ys0YxaW#BiessATuServicio pic.twitter.com/EMW3u5R4Wq— Biess (@BiessEcuador) June 13, 2023
Requirements for submitting a loan application
From the BIESS platform, branches can access a credit simulator, which shows whether you qualify for an unsecured loan. In addition, the system allows you to choose the loan amount and the months in which you can cancel the debt amount, calculating what the monthly repayment value would be.
To try out the simulator or request a loan, you must access the IESS portal with your ID number and password.
Source: Eluniverso
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