The Superintendency of Banking, Insurance and Private Pension Fund Administrators (SBS) of Peru is an autonomous entity of the State, in charge of regulating, supervising and supervising financial entities, insurance companies and Administrators of pension funds in the country. Its main objective is to ensure the stability, transparency and correct functioning of these systems, in order to protect the interests of consumers and maintain public confidence in the financial system.
Recently, the SBS warned about the operation of various money raising schemes that lack the authorization required by the entity. In addition, it points out the existence of money lending applications that resort to extortionate methods to collect debts. This situation puts the interests of citizens at risk, so the Superintendency of Banking, Insurance and Private Pension Fund Administrators urges the population to remain alert and verify the legitimacy of these financial operations.
What are the applications that offer irregular loans?
It has been identified that various applications are offering and disbursing loans without explicitly requiring the client’s request or authorization. In addition, they use collection methods that can be considered extortionate. The S.B.S. alert 12 specific apps:
- CashInca
- EasyPlata – Urgent loan
- Lucky Loan – Peru Credit
- Takay – online loans
- GetSol – fast money
- RapidPrésta – urgent loan
- New Finance – Credit Easy
- PlataSoles – up to 5000 soles
- Sol Quick Finance – credit
- Topgiving – popular credit
- CashiPer – quick loan
- Huayna Money – quick loan
Why does the SBS warn about loan applications?
According to S.B.S., when downloading the previously mentioned mobile applications on their devices, users are required to provide personal information. This action allows these apps to access phone data such as phone books, photos and videos.
Even when these applications require payment of loans, they often apply high fees and interest and threaten to disclose their supposed debtor status to the user’s contacts. In this way, it is considered that it is possible that situations may occur that could damage your honor.
Therefore, the population is recommended to inform themselves adequately and take the necessary measures before deciding where to save or invest money, or when requesting any type of financial service.
SBS published regulations for the AFP Withdrawal
Through SBS Resolution No. 01623-2024, the Superintendency of Banking, Insurance and AFP (SBS) established on Friday, May 3, the regulations that allow contributors to withdraw up to S/20,600 from their funds. In accordance with this regulation, affiliates must submit the withdrawal request within a maximum period of 90 calendar days, starting from the first day of validity of the resolution.
When was SBS founded?
The Superintendency of Banking and Insurance (SBS) It was established as an institution in 1931.
Source: Larepublica
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