Did you have an extra expense that exceeds your salary? In these times of economic crisisNo matter how much you plan your expenses, something can go out of your budget, for example, a medical or personal emergency. One option to solve this problem is to request a quick loan of S/500 from a bank or municipal savings bank. A not so large figure, but it will help you get out of the difficulty.
The Superintendency of Banking, Insurance and AFP (S.B.S.) has created a table that will help you compare which financial institution offers the lowest interest rate and, therefore, gives you the lowest monthly payment so that it does not affect your future income too much. In the following note, we show you in detail the TCA of each bank and municipal savings bank in Lima.
Which bank offers the lowest fee for loans of S/500?
If you are interested in requesting a loan of S/500, Piura Box It is the one that provides the lowest interest rate, as of January 31, 2024, with 28% and, therefore, it is the one that has the lowest monthly payment to pay in a year, with S/47.50.
The next position has it Sullana Box, with a TCA of 39.62%. If you choose this financial institution, you can pay the loan in monthly installments of S/49.69 for one year. On the other hand, Banco Pichincha is the one that offers the highest interest, since its installments are S/57.
Ranking of financial entities for loans of S/500
We detail the interest rates and fees if you request a loan for that amount of money in the various municipal savings banks and banks.
| Entity | TCA | Share |
| Piura Box | 28% | S/47.50 |
| Sullana Box | 39.62% | S/49.69 |
| Arequipa Box | 40.92% | S/50.40 |
| Cusco Box | 61.34% | S/53.38 |
| Tacna Box | 81.86% | S/57.01 |
| Financial Trust | 84.84% | S/57.56 |
| Santa Box | 85.19% | S/57.43 |
| Ica Box | 86.01% | S/57.36 |
| ProEmpresa Financial | 86.65% | S/57.60 |
| Huancayo Box | 98.17% | S/59.50 |
| Trujillo Box | 98.71% | S/59.30 |
| Prymera Box | 105.01% | S/60.29 |
| My bank | 105.05% | S/60.40 |
| Maynas Box | 106.2% | S/60.36 |
| Crediscotia | 106.43% | S/61.20 |
| Effective Financial | 111.2% | S/59.67 |
| Lima Box | 129.86% | S/64.07 |
| Pichincha Bank | 149% | S/57 |
Which bank or savings bank offers the lowest interest for loans of S/10,000?
The financial entity that offers the lowest interest, as of January 31, 2024, for loans of S/10,000 is Mitsui Auto Finance. Its rate is 30.01% to pay in 12 months and the fee would be S/957.90.
Metropolitan Fund It occupies second place, with a CAGR of 30.34% and a monthly fee of S/961.80. In the third location is Arequipa Boxwith an interest of 34.49% and a fee of S/975.94.
What financial institution offers S/2,500 as an advance on your salary?
The salary advance is a quick solution in case of financial unforeseen events before your salary arrives. This option makes it easy for salary account holders to obtain liquidity. Among the banks that offer it are the BCP, BBVA, Scotiabankand BanBif.
Although it is subject to conditions, it provides a quick source of interest-free money, as you pay a single fee for the loan. In addition, it is easy to access, because you can request it online or through the financial institution’s APP.
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
