The Peruvian Federation of Municipal Savings and Credit Boxes (FEPCMAC) warned that “the overflowing crime” in the country has seriously hitting microfinance constituted by municipal boxes and rural, financial and development entities of the small and Microenterprise (EDPYMES). The head of the guild, Jorge Solís, denounced that cases of extortion and threats directed not only […]
Tag: credits
Fixed-term deposit: these are the banks in Peru that pay the most for saving your savings in July 2024
In the first months of 2024, competition among Peruvian banks has intensified significantly. The need to attract more customers has led to the financial entities to improve their offerings interest rates in term deposits. This strategy not only seeks to increase its customer base, but also to strengthen its position in the national financial market. […]
BCRP and Fed rate cuts are still uncertain
Even though US inflation continues to decline, reaching 2.6% in May, that is, ever closer to its 2% target, Jerome Powell, chairman of the Federal Reserve (Fed), said that they would still need more evidence that this inflationary behavior is constant before cutting interest rates. The Central Reserve Bank of Peru (BCRP) also decided to […]
Banco de la Nación lends up to S/99,999 without guarantee to public workers, CAS and pensioners: see the requirements
He National bank offers an interesting loan for public workers, CAS and pensioners who wish to obtain financing without complications. With the MultiRed LoanBeneficiaries can apply for up to S/99,999 without having to present a guarantor, subject to a credit evaluation. The Banco de la Nación’s proposal is characterized by the amount of money available […]
Banco de la Nación grants loans from S/300 to S/50,000 in discount per payroll: see the requirements
He National bank offers its clients a financial product: the payroll discount loan. This service allows workers and pensioners to obtain a personal cash loan, with amounts ranging between S/300 and S/50,000, adapting to the economic needs of each user. In addition, beneficiaries can enjoy flexible terms of up to 60 months for loan repayment, […]
Better not to get into debt: banking continues to raise interest rates for mypes and consumption
The weak recovery of the economy, as well as income, generates enormous concern in Peruvian households. To face medium, long and even short-term expenses, an option at hand will always be credit. However, if a person currently requests a consumer loan for S/10,000 for 12 months, they have to assume a TCEA – which includes […]
Banco de la Nación buys your debts for up to S/50,000: how to access?
In an effort to alleviate the financial burden of Peruvians, the Banco de la Nación has a loan program aimed at purchasing credit card debt. This initiative seeks to offer an effective solution for those who face multiple credit obligations and allows them to be unified into a single entity. This program not only simplifies […]
Get loans from S/1,000 with your DNI as the main requirement: which banks offer them?
In the competitive financial world, obtaining credit has become more accessible and simpler. With a simple identity document (DNI) As a main requirement, several banking entities are opening the doors to loans from S/1,000. This facility is a relief for those who need immediate liquidity without complicated procedures. But which banks are leading this trend? […]
Zero-cost transfers between banks would put pressure on the formal credit market
Commissions for bank transfers and credit card payments could be forgotten after the Plenary of Congress approved, in the first vote, the opinion issued in PL 3428 and 3739, which modify Law 31143, in order to eliminate the costs that today users assume for transferring their own money through financial entities and their plastics. The […]
TC declares constitutional law that protects consumers of financial services from usury
The Constitutional Court (TC) declared unfounded the unconstitutionality claims presented by the Ica Bar Association and the Executive Branch, against Law 31143, which protects consumers of financial services from usury. The ruling issued on files 00010-2021-PI/TC and 00012-2021-PI/TC (accumulated) indicates that the TC has had the opportunity to rule before on the figure of usury […]