Savings Fund | SUTCECYTEBCS A.C. Solidarity Savings Fund
Short Description:
Check your savings, apply for loans, upload documents, and receive notifications from your fund.
Loan Information
Term: All loans are granted for 12 months (24 biweekly payments).
Annual Percentage Rate (APR/CAT): 26.82% per year, equivalent to a fixed monthly rate of 2%.
Interest Calculation: Total interest is calculated by multiplying the loan amount by the monthly rate and the number of months.
Example: $20,000 × 0.02 × 12 = $4,800 total interest.
Fixed Payment: The loan plus interest ($20,000 + $4,800 = $24,800) is divided by 24 biweekly payments → $1,033.33 per payment.
Amortization: Each payment includes $833.33 in principal and $200 in fixed interest, maintaining a stable rate throughout the entire term.
Representative example: A $20,000 loan for 12 months (24 biweekly installments) with an APR of 26.82% has payments of $1,033.33 and a total cost of $24,800 (principal + interest). There are no origination fees or hidden costs.
Loans with full repayment periods of less than 60 days are not offered.
About the app:
This application allows members of the Caja de Ahorro Solidaria del SUTCECYTEBCS A.C. to view and manage their savings and loans from their mobile phone.
Main features
• Login using employee ID or RFC and password.
• Balances and transactions: Check your savings, contributions, and payroll deductions.
• Loans: Apply for your loan, review requirements, and simulate your payments (amount, term, and rate).
• Amortization Table: View payment dates, interest, VAT, and projected principal.
• Documents: Take or attach photographs of your National Statistics Institute (INE), proof of address, and payroll receipt.
• Account Statement: Download or view your summary by period.
• Member Support: Access policies, terms, and support channels.
Requirements
• Be an active SUTCECYTEBCS member.
• Have an internet connection.
• Android 8.0 or higher device.
Privacy and Data Use
The app securely processes your account information (password, member ID, and validated documents). Documents are optional unless required by the bank for validation.
Required Permissions:
• Camera: To capture or attach ID documents.
Support: support@tasisoft.com