Presta CASH (clientes)

Application to grant loans from the financial company Presta CASH

The Nominal Annual Rate (TNA), the Effective Annual Rate (TEA), the Total Effective Annual Financial Cost (CFTEA) and the Total Nominal Annual Financial Cost (CFTNA) of the loan vary depending on the credit history of the applicant and the number of installments.

About loans:
-The TEA rates vary between the minimum 300% and the maximum 590%.
-From 2 to 18 installments in pesos with first due date on the 5th of the following month
-The minimum total 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 a monthly fee of 290 pesos.

The formula used is the following:
"(loan amount * (1+interest/100))/amount of installments" and rounding up the last integer figure so that it ends in 0 or 5 depending on the occasion

(1000*(1+69/100))/6 = 281.66 => 290

The total amount to pay would be $1,740. Being $740 the rounded interest

The interest values ​​are subject to the applicant's credit profile and the chosen financial term.