Fonacot Credit: Requirements and simulator of how much they will lend me in 2023

by time news

2023-09-28 12:02:48

Mediotiempo Editorial

Mexico City / 09/28/2023 02:30:01

Who hasn’t experienced something unforeseen happen and there is no money in the ‘little pig’. However, for these cases there is the Institute of the National Fund for Workers’ Consumption (INFONACOT), where it is very easy to access a loan.

And for registered workers it has become a great tool to receive money, since they have the lowest interest and which can be paid via payroll.

What requirements do they request at FONACOT?

Receive income from a central zone minimum wage onwards, without including benefits. Have a minimum age of 18 years. Have a minimum length of employment of six months (for temporary workers in two or more work centers with a maximum of 5 business days of sick leave between two TCs). Work in one or more Work Centers affiliated with the FONACOT Institute. Cell phone number for validation call at the time. Have at least two personal references. Personal email.

How much can they lend?

Depending on your gross salary, it will be the amount that FONACOT can lend you, since you can access up to 3.7 times your monthly salary (in 36 installments) and if you earn a thousand monthly the organization will lend you, at most, 3,700.

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