Financings:
The Banco Popular of Ahorro offers you financings stops:
Working capital: They will grant themselves to cover up the ordinary resourceful needs in the activity authorized to practice, like for instance: The acquisition of raw materials, the payment of electricity, water, gas, expenses of salaries, among others. This financing should be amortized in a period not bigger of 18 months.
Investment: They will grant themselves to finance investment expenses once the activity that he realizes, such were associated to I eat: Construction, modernization or restoration of sites, purchase of necessary equipamiento and other objectives of financing of similar nature. This financing should be amortized in a period not bigger of 5 years.
The minimal total sum to finance is both times of 3 PROSECUTION and the maximum total sum depends on the creditworthiness of the applicant, the one that is in mail with the income of his business.
The applicable interest rates to these financings are the in use ones for the Central Bank of Cuba and vary in dependence of time of validity of financing, as shown from now on:
Maximum time in months Interest rates yearly
3 From 2.5 to 3.5 %
6 From 3,0 to 4,0 %
12 From 4,5 to 5.5 %
24 From 5.5 to 7.5 %
36 From 6.5 to 8.5 %
60 From 7,0 to 9,0 %
In order to request financings, the applicant should keep 2 prerequisites that they are:
Having the authorization to exercise the Self-Employment or another kind of Gestión No Estatal.
Not having amounts overdue of any kind with the banking system.
The existence of the checking account will be a must when a financing is granted.
The legal documentation to present for the request of financings will be the following:
Proof of identity.
Model of Loan Application.
Authorization that accredits it to exercise activity for own account or another kind of Gestión No Estatal.
I document of Afiliación the Special Regime of Social Security, to be appropriate.
- You should not use obscene or offensive words.
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