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 […]
Tag: credits
Americans burdened by credit card debt and high prices
While the U.S. economy is generally healthy, there are groups of Americans who have depleted their savings and increased their balances. Credit cards after battling against inflation for more than two years. Experts worry that members of these groups — mostly low- and middle-income Americans, who tend to be renters — are falling behind on […]
What is the new maximum amount to request Yape credits?
Previously, Yape offered loans of a maximum of S/500, but now this limit amount has increased. Here we tell you all the details. Join the La República WhatsApp channel Price of the dollar in Peru today, December 9, in exchange houses, banks and more Christmas Bonus 2023: Government makes public sector benefit payment official, how […]
Risky clients could pay interest of up to 101.86% for loans until April 2024
He Central Reserve Bank of Peru (BCRP) raised the maximum compensatory rate of the financial system to 101.86% annually for the period November 2023 – April 2024. Jorge Carrillo, specialist in financial education and teacher at Pacífico Business School, explains that, since May 2021, the BCRP establishes the maximum rates allowed for consumer loans and […]
Myperú Impulse: more than 61,000 businesses accessed loans with an average interest rate of 12.9%
Of the S/5,000 million that the State allocated to guarantee credits To micro, small and medium-sized businesses (MSMEs), a total of S/3,594 million has already been allocated to 25 companies in the financial system and 4 cooperatives. Thus, more than 61,000 businesses accessed financing for a total amount of S/1,407 million. This, within the framework […]
Will interest rates on loans go down? This is what the BCRP says
In its last board meeting, the Central Reserve Bank of Peru (BCRP) reduced—for the second consecutive month— the interest rate reference by 25 basis points to 7.25%. However, the monetary authority specified that this decision does not imply a “cycle of successive reductions.” Will interest rates go down? Adrián Armas, central manager of Economic Studies […]
Until September, microfinance institutions placed 20% fewer loans than last year
At the end of the third quarter of 2023, the microfinance Peruvian companies have placed close to 20% fewer loans compared to the same period last year, due to various factors such as the climate emergency and the delays in social conflict and inflation in the first months of the year. This was revealed by […]
Myperú Impulse: medium-sized companies will also be able to access loans with low interest rates
The Council of Ministers approved this Monday, September 18, the emergency decree that expands the credit program Myperú Impulse in S/2,000 million, so that now the state guarantee for loans to companies amounts to S/5,000 million, announced the Prime Minister, Alberto Otárola, at a press conference. Meanwhile, the head of the Ministry of Economy and […]
Sunarp: until August, 105,800 Peruvians left their car as collateral to obtain a loan
The National Superintendency of Public Registries (Sunarp) reported that, between January and August 2023, a total of 105,800 people agreed to register movable guarantees in the Vehicle Ownership Registryin order to access credit. This number of guarantees is slightly higher than that registered in 2022, just 3.29% more than the 102,434 reported in the first […]
Banco de la Nación: 5 requirements to take out a loan in the entity
The third loan campaign is being developed by Banco de la Nación, which is available for contracted, appointed and pensioners workers in the public sector who have their income in accounts belonging to the financial institution. The amount offered is between S/300 to S/99,999 and are available until September 18. The process is carried out […]