Aloanta is one of the most outstanding FinTech in the financial market in Mexico. Its platform operates in this country since 2016, and in a short time they have managed to build a community of more than 400,000 people benefiting from their services.
This financial institution differs from the rest because it works under the term “collaborative finance”, where it is the investors who are in charge of financing the loans requested by their clients.
In addition to that, they have a 100% secure and transparent platform that offers the best market experience. If you want to know more about what Aloanta is and how it works, continue reading this specialized review.
Types of Aloanta credits available
In Aloanta there are credits for two types of clients: those who are looking for a personal loan, and those who need financing to start a business.
In both cases the maximum amount they can request is $ 300,000.00 to be paid within a maximum period of 4 years.
The interests applied to Aloanta’s credits vary depending on the client’s profile. The annual nominal interest rate ranges from 8% to 51%, while the average CAT ranges from 18.41% to 86.12%.
Aloanta loans also include the collection of late payment fees of $ 200 plus VAT. In addition to that, there is a 30% late payment surcharge for VAT on debt, and a commission for use of the platform between 3% and 10% plus VAT.
Loan example : If your profile has been labeled as Acceptable (F) and you request a loan of $ 300,000.00 to be paid in 48 months, the applied TNA will be 51% and the CAT will be 86.41%. That means you will be paying a monthly fee of $ 18,418.51.
Aloanta Loan Requirements
- Age :
You must be over 18 and under 70 to apply for an Aloanta loan.
- Minimum Income :
Your monthly income must be at least $ 7,000.00.
- Work history :
Have a working age of 9 months if you apply for a personal loan, or 12 months to apply for a loan for merchants.
- Credit History :
Have a good credit history for at least 2 years.
- Bank Account :
Have a bank account in your name, as well as an email and phone number.
How to get a loan in Aloanta?
If you complete the following 3 steps in Aloanta you can get the loan you need within a maximum period of 14 days.
- First step :
Complete the Aloanta registration process with the aforementioned requirements. After you finish it you will receive the name of your profile, and depending on the one that touches you you will have a specific percentage of interest.
- Second step :
Use the Aloanta simulator to calculate the payments applied to the amount you wish to request. Publish your application and wait a maximum period of 14 days to receive the money in your account.
- Third step :
Make the payment of the fees applied to your loan every 30 days to avoid inconvenience.
Payment methods of the Aloanta credits
This platform uses electronic payment systems so that the customer can enjoy a more comfortable experience. You can make electronic transfers or direct your payments with your debit card.
It should be noted that Aloanta allows the amortization of payments without the need to collect commissions. All you have to do is notify the platform 30 days in advance.