The loan application process is secure and Fast Budget – Installments promises that we will not disclose customer information to anyone without your consent.
Who can apply?
1. Mexican Citizen.
2. You must be at least 18 years old.
3. Salaried/self-employed with a regular source of income.
Privacy and permissions
Information security is our main standard. We will not store or use your information without your permission.
1. Loan amount: Mex$10,000 to Mex$100,000
2. Loan tenure: 91 days ~ 365 days
3.Maximum Annual Rate (APR): 35% p.a.
4. Handling charge: Mex$80 to 2000 depending on the term and amount of the loan
5.GST: 18% processing fee as per Mexican laws and policies
If the amount of the loan is Mex$6,000, the interest rate is 25% per year and the term is 120 days, the interest to be paid is calculated as follows:
Interest = Mex$6000 x 25% / 365 x 120 = Mex$493
Handling charge = Mex$100
GST = Mex$100 x 18% = Mex$18
Total amount of repayment: Mex$6000 + Mex$493 + Mex$100 + Mex$18 = Mex$6611
APR = (Mex$6,611 – Mex$6,000) / Mex$6,000/120 x 365 = 30.97%
1.Download the Presupuesto Rapido – Plazos app from the Google Play Store.
2.Register an account with a phone number.
3. Choose your loan amount and loan term.
4. Fill in the information.
5. Loan review and cash disbursement.
Address: Tecutlan, 70420 Teotitlan del Valle, Oaxaca, Mexico