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Information about personal loans: Loans offered through the app are subject to evaluation and approval. The minimum repayment term is 6 months, and the maximum term is 48 months. The maximum Annual Percentage Rate (APR) can be up to 28%, depending on the applicant's profile. Administrative fees or other costs associated with the approved loan may apply.
For a loan of COP $1,000,000 over 12 months, with an APR of 28%, the approximate monthly payment would be COP $96,000.
The total amount to be paid at the end of the loan term would be approximately COP $1,152,000, including interest and administrative fees.