Payment Market, Marcos Galperín’s virtual wallet offers loans at a 0% rate for merchants. According to information confirmed to ScopeThis is an initiative to some businesses that did not previously request a loan through the platform, “with the aim that they can learn about the experience,” they explained.
The loans are part of the program MoneyPluswhere up to $10,000,000 is lent. and is returned in 18 fixed installments. The particularity is that it is a way to access short-term financing, up to 28 days. Once it is returned, and if the sales level is maintained, can be requested again.
What are the requirements to access 0% rate loans?
To access a loan offer, you must meet these minimum requirements during the last 2 months:
Have good payment behaviorif there was already a previous loan with the platform.
Have good reputation if sold in Mercado Pago.
To find out if you have an offer available, you can check it in your “Loans” section. Every month they evaluate the behavior of the business to make a new offer. It must be taken into account that The conditions of your offer, the amount, the rate and the term may vary month to month.
If you no longer see the offer, you have to wait for the same app to make a new one. This is notified to each client via email or through notifications in the Mercado Pago app.
How long is there to accept an offer?
You have approximately 1 month to accept your loan proposal from the moment you receive it, the expiration date can be seen in your “Loans” section. After that date, the performance of the business will be re-evaluated to make a new offer.
Can you have more than one type of loan?
Depending on the sales volume of the business, you can have one or all of the loan offers, you can see them available in the “Loans” section. To have the best chance of receiving an offer, you must maintain a constant pace of sales, provide good customer service and collect most of your sales with Mercado Pago.
Can the loan be paid off early?
You can cancel your entire Loan in Fixed Installments and Money Plus at no cost from the “Loans” section.
Source: Ambito
