The Financial Superintendence of Colombia announced this Friday that by February the usury rate will be 45.27% effective per year for the consumer and ordinary credit modality.
(See: IDB makes recommendations to improve productivity in Colombia).
This result represents an increase of 201 basis points (2.01%) compared to the previous period. In January the figure was 43.26%.
For the microcredit modality, the rate is 39.20% and is valid from January 1, 2023 to March 31, 2023.
(See: Oil production in November, the highest since April 2020).
Regarding consumption of low amount, the rate will be 29.37%.
The Superfinanciera also recalled that those who collect or receive interest commit a crime.
(See: Symptoms of economic slowdown are becoming more evident).
(See: Colombia and Venezuela will sign investment protection agreement).
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