Micro PaymentWe provide you with immediate loans from $ 5 to $ 1,500, up to 36 fortnights to pay at more competitive interest rates than lenders. The longer the term to pay and the higher the amount, the lower the fortnightly interest rate.
It’s an immediate loan through a revolving line of credit (similar to a credit card). The system assigns a credit limit according to the direct payroll discount that can be applied, allowing you to apply for loans with immediate disbursements from $ 5 to $ 1,500, up to 36 fortnights.
BenefitsLoans with immediate disbursementsWe do not charge handling, legal or notarial feesEach fortnightly credit decreases the capital owedFortnightly interest rates that decrease automatically when increasing the amount and termIncludes a free life insurance policy for double the amount of the original loanWe automatically consolidate the various loans with RapiVale, lowering your interest rateWe offer a 3% discount for each additional payment method that you provideRequirementsFree membership to Servicios Financieros Inmediatos, S.A. (RapiVale)2 years of work continuity (public or private)Copy of government IDWork letterLast pay stubUtility Receipt (electricity, water, telephone)Authorization to perform an APC queryAuthorization of payment method (direct discount to payroll, debit to a savings account, checking account or credit card)FeesWe charge you a fortnightly interest according to the following table
* Example of rates
| Amount | Minimum term | Maximum term for payment |
Interest rate up to 12 fortnights |
Interest rate from 13 to 35 fortnights |
Interest rate up to 36 fortnights |
|---|---|---|---|---|---|
|
$5 – $250 $200 |
1 fortnights | 36 fortnights | 8% fortnights Term 12 fortnights $26.54 |
7% fortnightly Term 24 fortnights $19.00 |
6% fortnightly Term 36 fortnights $13.68 |
| $250.01 – $500 $400 |
1 fortnight | 36 fortnights | 7% fortnightly Term 12 fortnights $50.36 |
6% fortnightly Term 24 fortnights $34.88 |
5% fortnightly Term 36 fortnights $24.17 |
| $500.01 – $1,000 $600 |
1 fortnight | 36 fortnights | 6% fortnightly Term 12 fortnights $71.57 |
5% fortnightly Term 24 fortnights $43.48 |
4% fortnightly Term 36 fortnights $31.73 |
| $1,000.01 – $1,500 $1000 |
1 fortnight | 36 fortnights | 5% fortnightly Term 12 fortnights $112.83 |
4% fortnightly Term 24 fortnights $65.59 |
3% fortnightly Term 36 fortnights $45.80 |