Vivastamo - Préstamo de Rápido 1.0.0

Vivastamo presents itself as a reliable platform for obtaining a loan within minutes, with deposits made directly into your account. The application process is initiated through their downloadable app, ensuring a secure experience.

Advantages of Vivastamo

• The loan application form is user-friendly and straightforward.
• Vivastamo employs high technology to safeguard your private data.
• The system operates 24/7 to assess and process applications.
• The entire loan procedure is conducted online, promoting transparency.

Loan Application Process

1. You must be over 18 years old and possess a Citizen ID.
2. Maintain an account with Bancolombia, Nequi, or similar institutions.
3. Download the app and register.
4. Complete and submit your application.
5. During the application process, authorize necessary text messages and permissions, then encrypt them for Vivastamo's analysis and verification.
6. Await verification of your data.
7. Upon approval, expect an instant deposit.

Loan Details

• Loan Amount: Ranges from COP $100,000 to COP $2,500,000;
• Term: Between 91 to 120 days;
• Interest Rate: 0.06% per day (maximum annual interest rate of 24%, equivalent monthly interest rate of 1.8%);
• Platform Fee: There is a COP $300,000 service fee, which clients can optionally use to save time and money on necessary document processing, along with promotional discounts ranging from COP $10,000 to COP $290,000 for financial inclusion;
• Value Added Tax (VAT): A 0% VAT applies to the commission based on Colombian policies and laws;
• Administration Fee: COP 0 now.

Annual Percentage Rate (APR): Up to 85.69% (TEA).

Example Calculation

For instance, for a loan amount of COP $500,000 over a term of 91 days at an annual interest rate of 24%, the monthly payment would amount to COP $40,881 (EMI), leading to a total payment of COP $546,575. The calculation breaks down as follows:

• Interest: COP $500,000 * 24% / 365 * 91 = COP $29,915;
• Platform Fee: COP $300,000;
• Discounts: COP $286,000; thus Platform Fee after discounts: COP $300,000 - COP $286,000 = COP $14,000;
• VAT: 0% * Platform Fee = 0% * COP $14,000 = COP $0;

The total amount payable equals the principal + interest + commission + VAT = COP $500,000 + COP $29,915 + COP $14,000 + COP $0 = COP $536,915; resulting in an EMI of COP $40,881 and translating to a TEA of 85.69%.

Data Protection Commitment

We prioritize the protection of our clients' information. Data collection is limited to identity verification and credit profile creation. We do not gather or share data without consent and are committed to safeguarding personal information without disclosure or sale to third parties. For further details, please refer to our privacy policy: Privacy Agreement.

Contact Us:

• Email: [email protected]
• Company Address: Cl. 34 #4 – 66 Of. 101, Bogotá, Colombia