Faqs
● Have a Colombian citizenship card.
● Cell phone registered in Colombia.
● Be between 21 and 65 years old.
● Have income greater than $1,400,000 million pesos.
● Terms from 12 months to 36.
*Approval subject to credit evaluation
A free investment credit is a type of loan that grants an amount of money that the applicant can use for
any purpose without having to justify the destination of the money.
The maximum amount you can request depends on your ability to pay and the risk analysis we perform.
In general, the maximum amount usually ranges between 10 and 50 times the value of your monthly
salary.
The maximum term to pay your free investment credit varies depending on the analysis we carry out
and the amount requested. In general, the maximum term usually ranges between 6 and 36 months.
Yes, you can make early payments without penalty on most free investment credits. However,
remember that you must inform your advisor to confirm this additional payment. This allows you to
reduce the total financial cost of the loan and pay less interest.
You can request a free investment credit online. You must fill out your credit application and upload the
documents that we request and wait for the loan to be approved.
Interest rates vary depending on the amount requested and the term of the loan. Our interest rate goes
from 24% E. A.
If you can’t pay your free investment credit, your credit history may be affected and you may have
difficulty obtaining loans in the future.
It is an amount of money associated with a line of Credit that we make available to you after analyzing
your financial behavior.
The monthly fee is made up of:
Credit installment. (includes principal and interest)
Monthly policy fee. (for specific cases)
Guarantee cost. (for cases that apply)
If you have questions, contact us through Facebook, Instagram or on our WhatsApp line.
The disbursement costs are the expenses associated with procedures within the credit process, some
can be financed within the term of the credit and do not generate interest.
– Have a car model 2013 onwards. The vehicle must meet the following characteristics:
– Be in good condition.
– Be in the name of a natural person.
– Not having clothes.
– Be up to date on taxes, subpoenas, traffic lights, mechanical technical review and SOAT.
(Does not apply for public service – Credit valid for car, truck, van or camper)
– The vehicle must be one of these brands:
Chevrolet, BMW, Honda, Kia, Mitsubishi, Renault, Toyota, Audi, Fiat, Hyundai, Mazda, Nissan, Seat,
Volkswagen, Dodge, Ford, Jeep, Mercedes, Peugeot, Suzuki, Volvo.
– We approve up to 60% of the commercial value of the vehicle that does not exceed $80,000,000
million pesos.
– Terms up to 36 months
*Approval subject to credit evaluation
A free investment loan with a vehicle pledge is a loan in which you use your vehicle as collateral to
obtain an amount of money that you can use for any purpose without having to justify the destination of
the money.
– The vehicle must be a 2013 model onwards.
– The vehicle must be one of these brands:
Chevrolet, BMW, Honda, Kia, Mitsubishi, Renault, Toyota, Audi, Fiat, Hyundai, Mazda, Nissan, Seat,
Volkswagen, Dodge, Ford, Jeep, Mercedes, Peugeot, Suzuki, Volvo.
(Does not apply for public service – Credit valid for car, truck, van or camper)
The maximum amount you can get depends on the value of the vehicle and the applicant’s ability to pay.
The amount ranges from $10,000,000 up to 60% of the commercial value of the vehicle that does not
exceed $80,000,000 million pesos.
The maximum term to repay the loan is between 6 and 36 months.
Yes, you can continue to use your vehicle while you pay off the loan.
Our interest rate ranges from 20% E.A. The rate may vary depending on the profile of the applicant,
value of the vehicle, requested amount, agreed term and historical behavior before risk centers.
The disbursement costs are the expenses associated with procedures within the credit process.
Cost concept:
• Study of your credit.
• Prepaid interest.
• GMF 4*1000
• Movable security.
• Taking of imprints and registration of pledge.
• Mobility Ministry.
• RUNT
Our disbursement time is 4-12 business days. This depends on the review of the following documents.
Once reviewed and approved, a specialist is sent to your home to take the stamps and the pledge
registration process is carried out before the transit authority.
(Conditions apply)
If you need it. When accessing a loan with a vehicle guarantee, your car remains a pledge in the name of
Peopleloans (until you finish paying your loan). But you will continue to manage it, for this reason, it is
necessary to cover it against total loss through the All Risk Insurance, leaving Peopleloans as the
beneficiary.
Thus, in the event that the vehicle is stolen or you have a total loss, the insurer will liquidate the credit
and you will receive the excess money if it exists.
– Natural or legal persons can access.
– Minimum experience of two years in its economic activity.
– You must demonstrate your income through various types of supports according to your economic
activity (bank statements, Lease Agreements, Income Statement, among others).
*Approval is subject to our credit evaluation.
A microcredit is a small loan that is granted to companies and businesses to finance specific projects
where
The main origin of the resources for the payment of the loan is the income from the productive activity
carried out by the microentrepreneur.
The purpose of our microcredit is to help entrepreneurs finance specific projects, offering them small
amounts of money with comfortable payment terms and competitive rates.
The maximum amount that can be obtained with our microcredit depends on the applicant’s needs and
ability to pay, our amounts range from $5,000,000 to $20,000,000.
The term to pay our microcredit depends on the needs and payment capacity of the applicant, the terms
range from 6 months to 36 months.
To request our microcredit, you must fill out your application from our website and upload the
documents that we request, within a period of 24 to 48 hours one of our advisors will contact you to
finish the process.
Yes. All clients can make partial or total payments to their credits on any day of the month, without any
restriction and without incurring penalties.
