How to apply for a loan in BanEcuador?

For the acquisition of goods or the start-up of a business, citizens seek various types of financing, one of them through financial entities. At the public level, one of the institutions that grant these products is BanEcuador, which was created in 2015 and opened its doors a year later.

Currently the entity is promoting the credit of opportunities that provides loans of 500 to 5,000 dollars at 1% and up to 30 years term to small producers and entrepreneurs in the agricultural sector.

From $ 500 to $ 5,000 will be the amounts of credits at 1% that BanEcuador will deliver, informed President Lasso

At the personal level, its website specifies that it provides three other types of credits. The first is intended for those with an annual income of less than $ 100,000 and not required to keep accounts and for activities such as Galapagos agriculture, beekeeping, rice, raft, banana, coffee, cocoa, Andean fruit trees, livestock, rural women sector, among others. .

The second product is credit for production, trade and services and is intended for micro-enterprises, associations, artisans, emergency, human development, cultural impulse, migrants, we are productive.

The third product is consumer loans, either general or emerging.

What requirements are requested?

Depending on the type of credit, additional documents can be requested, however, the ones that coincide are the following:

• Presentation of identity card
• Voting certificate presentation
• Basic services worksheet
• RUC or RISE if applicable

In the case of consumer credit, a personal income certificate is also requested if you maintain a dependency relationship or statements of personal activity or other verifiable income.

Along with the requirements, the credit application must be attached and delivered to an office of the financial institution. Once this step is carried out, the application is evaluated and it will go to an approval committee. In case of being granted, the client will be notified to come to sign the contract, as specified in the web portal. (I)