They save more than 300 million pesos in bank interest

In just six years, the personal loan platform yotepresto.com He has saved more than 300 million pesos in interest on credit cards and bank loans through his debt consolidation service.

Likewise, the company reported in an official statement that 7 out of 10 people who receive a personal loan from yotepresto.com use it for consolidation, that is, to pay debts at a lower interest rate.

“Our goal is to improve the finances of Mexicans and one of the ways we can do it is by helping them pay their debts, mainly credit cards and personal bank loans, with a lower rate,” the statement said.

In this sense, the average annual rate for yotepresto.com loans is 19 percent, while the average rate for credit cards is 45 percent, according to information from Banco de México (Banxico).

Since the beginning of its operations, the platform has delivered 1,360 million 763 thousand 750 pesos in loans. Of that amount, 896 million 889 thousand 950 pesos were used to pay card debts and personal bank loans.

This means that two out of every three pesos loaned by the company are used to pay debts, which has generated significant savings and greater liquidity for its clients.

The process to consolidate debts with yotepresto.com is online and free, although one of the essential requirements to do so is to have a good bank credit history of at least two years old. The maximum amount to consolidate debts is 325 thousand pesos.

How much can you save?

According to an exercise carried out on the yotepresto.com website, if you have a debt of 150 thousand pesos on one or several gold cards, for example, you would end up paying the bank around 180 thousand pesos, just in interest.

On the other hand, if you consolidate or transfer your debt with yotepresto.com, you would only pay 37 thousand pesos of interest, that is, a saving of more than 140 thousand pesos.

For more information, visit https://www.yotepresto.com/consolidar-deudas

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