The Instacredit application is a transactional application that allows transactions to be carried out quickly and safely, available for Costa Rica, Nicaragua and Panama.
Users can:
* Apply for loans.
* Receive loan money in the App wallet and from here transfer to banks or other wallets. (Available only in Costa Rica)
* Pay favorite bills, phone top-ups, loans and more than a thousand other options. (Available only in Costa Rica)
* Check balances and movements of your wallet or your loan. (Available only in Costa Rica)
* Consult our branches, payment points and benefits.
* Financial Education System to manage your budgets.
Considerations:
* There is no minimum time to cancel the loan in advance.
* 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, credit 33.44%.
* We do not charge commissions or administrative or disbursement expenses.
* Calculation of default interest: it is calculated on a stipulated annual rate in addition to the current interest rate of the agreed product and is calculated on the principal balance of overdue installments.
* The fee is made up of two basic elements: principal and interest; the latter is calculated by multiplying the principal balance by the interest rate between 360 days by the days elapsed between their payment dates.
* Representative example of the total cost of the loan: Taking as reference a credit of 500,000.00 colones with a 48-month term. The client would pay a monthly installment 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 term the client would pay a total of 1,120,848.00 colones. The credit does not have charges for commissions or advance payments and as the term advances, the amortization of the credit to the principal will be greater.
* In the following link available on the Instacredit website, the security policy is broken down https://www.instacredit.com/terminos-y-condiciones/
Users can:
* Apply for loans.
* Receive loan money in the App wallet and from here transfer to banks or other wallets. (Available only in Costa Rica)
* Pay favorite bills, phone top-ups, loans and more than a thousand other options. (Available only in Costa Rica)
* Check balances and movements of your wallet or your loan. (Available only in Costa Rica)
* Consult our branches, payment points and benefits.
* Financial Education System to manage your budgets.
Considerations:
* There is no minimum time to cancel the loan in advance.
* 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, credit 33.44%.
* We do not charge commissions or administrative or disbursement expenses.
* Calculation of default interest: it is calculated on a stipulated annual rate in addition to the current interest rate of the agreed product and is calculated on the principal balance of overdue installments.
* The fee is made up of two basic elements: principal and interest; the latter is calculated by multiplying the principal balance by the interest rate between 360 days by the days elapsed between their payment dates.
* Representative example of the total cost of the loan: Taking as reference a credit of 500,000.00 colones with a 48-month term. The client would pay a monthly installment 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 term the client would pay a total of 1,120,848.00 colones. The credit does not have charges for commissions or advance payments and as the term advances, the amortization of the credit to the principal will be greater.
* In the following link available on the Instacredit website, the security policy is broken down https://www.instacredit.com/terminos-y-condiciones/
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