In the next three months of the year, it will be more difficult for Peruvians to access a bank loan, Credit cards either mortgage credits; due to the increases in the reference rate and, therefore, the offer conditions of the Bank entities are becoming more rigid both for micro, small and medium-sized companies and for people, according to the results of the latest report from the Central Reserve Bank of Peru (BCRP).
Those consumers who require financing, whether for debt consolidation, increasing working capital for their business, remodeling their home, among others; They have other safe loan alternatives offered by savings banks, as well as mortgage-backed loans that offer more affordable payment terms.
In this context, Rebajatuscuentas.com reports that the demand for this type of credit in the face of the tightening of traditional banking would increase by around 30% during this last half of the year.
“Home equity loans offer more competitive interest rates than consumer loans, credit cards and mypes loans”says Nicolás Mendoza del Solar, co-founder of Rebajatuscuentas.com.
From January to June of this year, Rebajatuscuentas.com has grown by 95% compared to the same period in 2021. Of this total, between 25% and 30% was used to make changes and modifications to their homes; 30% for working capital or starting a business and 40% for debt consolidation.
Although the BCRP has reported that access to loans will be complicated from now on, it is important that this does not become a reason for people to resort to options that do not provide any guarantee and legal support, such as false lenders; but that they can evaluate other financing alternatives apart from traditional banking, such as fintechs.
