Despite the fact that the main products awarded by the Bank of the Ecuadorian Social Security Institute (Biess) are intended for related persons and retirees, there is another one that the uninsured can opt for.

It’s about loans A pledge that consists in leaving some good before giving money. In this case it is gold jewelry.

According to the entity’s website, this product can be accessed by the general public and no guarantor is required.

What are IESS mortgage loans? How to register?

A period of 180 days is approved with two renewal options if 30% equity is paid and a maximum amount of 80 base salaries ($36,000).

The subject explained that in order to access the product it is necessary to be of legal age, have gold jewelrysign the credit application in the offices, the identity card as well as a copy of the form for basic services.

This type of financing is used to pay off debts as well as any misfortune that you unexpectedly face.

here they are offices where you can request your mortgage loans.

The jewelry goes to auction if it is overdue for more than 30 days. In 2022, Biess approved $97 million of those loans.