Presta CASH (comercios)

Features Presta CASH (comercios)

Application to grant loans from the financial Presta CASHThe Annual Nominal Rate (TNA), Annual Effective Rate (TEA), Annual Total Effective Financial Cost (CFTEA) and Annual Nominal Total Financial Cost (CFTNA) of the loan vary according to the credit history of the applicant and the amount of installments.About loans:-TEA rates vary between the minimum 300% and the maximum 590%.-From 2 to 18 installments in pesos with first maturity on the 5th of the following month-The total minimum repayment period is 65 days and the maximum is 18 months-Interest: 40% -350%-For example: The loan is for $ 1,000 pesos and the term of the loan is 6 months.
You must pay monthly installment 290 pesos.The formula used is the following:"(loan amount * (1 + interest / 100)) / installment amount" and rounding up the last whole figure so that it ends in 0 or 5 depending on the occasion(1000 * (1 + 69/100)) / 6 = 281.66 => 290The total amount to pay would be $ 1,740.
Being $ 740 the rounded interestThe interest values ​​are subject to the applicants credit profile and the chosen financial term.