No one is exempt from needing an amount of money that they do not have at some point, so there are various ways to obtain economic resources, however, millions of workers in Mexico have the option of request to the National Fund for Workers’ Consumption (Fonacot) and cash creditprocedure that can be simple and with minimal requirements.
It should be remembered that Fonacot offers to workers cash credits via payroll of up to four months of salary, in installments of 6, 12, 24 and up to 30 months of payment.
The main benefit of using a cash credit with the Fonacot is that this institution manages interest rates of around 14%, while in banks they reach up to 30%. Also, if the loan is approved, you can have the cash credit through a bank transfer within a maximum period of 48 hours.
This is how you can request a cash loan from Fonacot in 2022 | REQUIREMENTS
To be able to request al Fonacot and cash credit during this 2022, first of all the following needs to be covered requirements:
- Be at least 18 years old
- Have been at your current job for at least a year
- The company where you work must be affiliated with Fonacot
- Have an indefinite-term or plant contract
- Have two personal references
- An active cell phone number
- Proof of address
- official identification
- bank statement
- The four most recent pay stubs
Once all the requirements are met, you only have to take the original documents and a copy to a branch Fonacotthere will be determined the cash credit that can be granted, which will be authorized according to the income and the term that the interested party chooses.
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