AND pledge loan It is one where you leave a pledge as collateral in exchange for a loan. This is one of the valid and legal options that you can access in an emergency, when you need extra money.
He Bank of the Ecuadorian Social Security Institute (Biess) It is an entity that approves collateral loans, especially for gold jewelry.
List of banks where you can apply for a mortgage loan in Ecuador
It works by giving your jewelry to Biess and they give you a loan in exchange. from 10 USD to 80 unique basic wages (SBU)which in 2023 is $36,000.
After paying the loan within the agreed period, the bank returns the jewelry to you.
Requirements for access to the Biess collateral loan
📢 Remember!
To renew your mortgage loan, you must meet the following conditions.
Note: In case of loss of any account, go to the agency where you deposited the jewelry and ask for information.
#BiessATYourService#ZalogZajam pic.twitter.com/8406hpTe5G— Biess (@BiessEcuador) July 31, 2023
According to Web page entity, a term of up to 180 days is approved with two renewal options with 30% capital payment plus interest.
This is how you can request a loan at Biess without being a member
Aspects to consider
Source: Eluniverso
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