Fundación Adelante presents its new application to you!
Now you can see our products, account status, request loans and many more procedures, all on your phone!
Loan Terms and Fees:
• Loan amounts: L 500.00 and up
• Payment period 2 - 60 months
• Monthly Effective Rate of 3% - 5.7% or an Annual Effective Rate (APR) of 36% - 68%
For example, for a 2-month loan with a principal amount of L 1,100.00, the facilitation fee would be L 247.86 and the total amount payable would be L 1,347.86
Sample loan:
o Loan amount L 1,100.00
o Payment period 2 months
o Monthly Effective Rate of 5.7%
o Consultation with the credit bureau – L 100.00
o Commission – L 40.00
o Total Disbursement - L 1,240.00
o First month interest calculation - (1240 * 5.7) / 100 = L 70.68
o Second month interest calculation - (637.18 * 5.7) / 100 = L 36.32
o Total interests – L 107.00
o Total Insurance – L 0.86
o Expected recovery amount for 2 months - L 1,100.00 + L 247.86 L = L 1347.86
o Monthly payment – L 673.93
Documentation
The minimum documents required to apply for a loan are your ID number, mobile phone number, your email address, etc. Once you apply for the loans, we will review it in a few minutes.
Security
Your data is safe with us. It is transferred to us over a secure HTTPS connection and we do not share it with anyone without your consent.
Customer service
If you have questions or complaints, please leave us a message through the Feedback page on our website or contact our customer service center. We are ready to serve you.
Privacy policy: https://adelante.hn/politica-privacidad-app