Instacredit

The Instacredit application is a transactional application that allows you to carry out transactions quickly and securely, available for Costa Rica, Nicaragua and Panama.


Users can:

* Apply for loans.

* Consult our branches, payment points and benefits.

* Financial Education System to manage your budgets.

Considerations:

* There is no minimum time to pay off the loan early.

* There is no surcharge or penalty for early payment of the loan.

* Extraordinary subscriptions without penalty.

* Flexible loan terms of 12, 24, 36 and 60 months.

* APR will be those stipulated by the BCCR, for a maximum annual percentage of 38.16% for personal loans.

* We do not charge commissions or administrative or disbursement expenses.

* Calculation of default interest: it is calculated on a stipulated annual rate additional to the current interest rate of the agreed product and is calculated on the principal balance of the overdue installments.

* The fee is made up of two basic elements: the principal and the interest; The latter is calculated by multiplying the principal balance by the interest rate between 360 days and the days elapsed between your payment dates.


* Representative example of the total cost of the loan: Taking as reference a loan of 500,000.00 colones with a 48-month term. The client would pay a monthly fee in the amount of 23,351.00 colones, which is broken down into: 19,696.00 colones in interest and 3,655.00 colones in principal, with which at the end of the 48-month period the client would pay a total of 1,120,848.00 colones. The loan has no commission charges or advance payments and as the term progresses, the greater the principal amortization of the loan.

* In the following link available on the Instacredit Website the security policy is broken down https://www.instacredit.com/terminos-y-condiciones/