Kala Crédito is a mobile digital platform that offers short-term loans on a user-friendly platform.
Amount of credit: $500 to $30,000;
- From 0.01% to 0.05% + Value Added Tax (VAT) per day
- Interest Rate (TIA): The minimum interest rate is 12%. Depending on your credit history and risk assessment, you may be subject to a maximum interest rate of 36%.
- The commission ranges from $100 to $360;
- From 91 to 180 days;
- Over the age of 20 is required
- The CAT is 136.9%-278.2%;
Example of interest calculation:
- Loan amount: $5,000
- Term of loan: 180 days
- Interest rate (TIA): 18.25%
- Interest rate: 0.05% per day
- The VAT rate is 16%;
- CAT: 190.3%
- Total interest: $5,000 18.25% (TIA) / 365 180 = $450
- Commission + VAT: $220 + $107.2 = $327.2
- Total Amount Paid: $5000 + $450 + $327.2 = $5777.2
What are the requirements?
- Citizens over 18 years of age from Mexico
- Possession of a Mexican bank account
How to apply for a loan?
- Through the application, provide basic information;
- Identify yourself through the system;
- The loan funds will be deposited directly into your bank account once the entire application has been approved
- To extend the term of the next loan, remember to pay on time and remember the payment date.
Respect for privacy
We need these licenses to assess your eligibility and speed up your loan payments. The risk assessment requires all the information. In order to assess the risk of your loan, we need your approval for these permissions. During the loan application process, we will collect the following information from your device only when you authorize us to do so. In the event that you don't want us to collect information about you, we won't do so. The data tracking server has high computer security and SSL certificates that ensure secure connections and protect personal data from corruption, loss, change, or unauthorized use, access, or processing.
