álika

ÁLIKA RED is the credit network designed for a community connected through credit.
The credit can vary in a term that goes from sixteen weeks to a year and with weekly, biweekly or monthly payment modalities. So you have a totally personalized credit to your capacity and plans.

How does it work?
• Download the app
• Upload your personal data
• Enter or pay for your code
• Answer the evaluation
• In less than 24 hours you get an answer
• When being accepted or rejected you are notified through the app
• Your transfer is made
• You track your deposits in the app

The benefits of working using our service
- Individual credits
- Term: from 112 to 365 days
- Credit from $2,000.00 to $50,000.00
- Remotely without leaving your home
- Quick response
- Annual CAT:
Weekly Modality: 176.41%
Fortnightly modality: 188.96%
Monthly Modality: 194.19%

Calculation example for a loan of $10,000.00 MXN for a term of 12 months.

No. Amortization Interest Amort + Int VAT Installment Unpaid Balance
1 $442.56 $940.90 $1,383.45 $150.54 $1,534.00 $9,557.44
2 $490.86 $899.25 $1,390.12 $143.88 $1,534.00 $9,066.58
3 $544.43 $853.07 $1,397.50 $136.49 $1,534.00 $8,522.15
4 $603.86 $801.84 $1,405.70 $128.30 $1,534.00 $7,918.29
5 $669.76 $745.03 $1,414.79 $119.20 $1,534.00 $7,248.53
6 $742.86 $682.01 $1,424.87 $109.12 $1,534.00 $6,505.67
7 $823.94 $612.11 $1,436.06 $97.94 $1,534.00 $5,681.72
8 $913.87 $534.59 $1,448.46 $85.53 $1,534.00 $4,767.85
9 $1,013.61 $448.60 $1,462.22 $71.78 $1,534.00 $3,754.24
10 $1,124.24 $353.23 $1,477.48 $56.52 $1,534.00 $2,629.99
11 $1,246.95 $247.45 $1,494.40 $39.59 $1,534.00 $1,383.04
12 $1,383.04 $130.13 $1,513.18 $20.82 $1,534.00 $0.00

Below you will find details of how your credit is calculated according to our modalities (weekly, biweekly, monthly):

Álika Red personal credit

ITEM 16 weeks 8 fortnights 4 months
Annual fixed ordinary interest rate 131.46% 126.98% 125.35%
Fixed annual default rate 5.00% 5.00% 5.00%
Cut-off date Weekly Fortnightly Monthly
Deadline for payment Weekly Fortnightly Monthly
Collection Expense Fee $100.00 $100.00 $100.00

In all three cases it is considered:

- Opening fee: Does not apply
- Charge for early settlement before the first payment: Does not apply
- Charge for early settlement after the first payment: Not Applicable
- Account statement issuance charge: Not Applicable
- Date of calculation: April 5, 2022. Validity of the calculation of the calculation of the Total Annual Cost not exceeding 6 months.

Requirements to apply for a loan:
• Being over 18 years
• INE and proof of address
• Be the holder of a bank account in Mexico
• Have a credit history

You will do all the monitoring from the app but if you need more help, a personalized advisor will support you in the process.
Response times may vary due to setbacks in the connection with the service.