If you plan to seek a smaller credit, Coppel could be a valid option because it is present throughout the Mexican Republic. This is why we will talk about what are the benefits of obtaining credits in Coppel? – Advantages and disadvantages.
What are the benefits of obtaining credits in Coppel? – Advantages and disadvantages
The Coppel company offers various options related to credits and loans, most of these procedures are carried out with the company’s branch known as BanCoppel. Next, we will comment on the advantages and disadvantages related to Coppel credits, something that you should undoubtedly know before using the credits of said company.
Advantage
- BanCoppel offers loans for up to $25,000 Mexican pesos, in addition to this, cash is offered, something very convenient to make payments. In addition, the requirements demanded by the company are quite basic in relation to other options present in the competition.
- Similarly, you can access the more than 1,000 Coppel company stores, where you can purchase products and finance them with the credit options provided by BanCoppel. To do so, you must know how to access the Coppel platform in order to fill out the necessary forms.
- You have access to this credit option in practically the entire nation, because as we pointed out before, the company is present in every corner of Mexico, for which you can mobilize the process no matter where you are.
- The cash exposure has a Commission of 8%, being relatively low in relation to other options that can be found in the market.
Disadvantages
- Although the interest rates are not too high in relation to other options that can be found on the market, the annual fixed interest rate could reach up to 64%, which entails a significantly high expense for many users.
- While 25,000 Mexican $ (about $1,000) may be enough for many situations, it is not the credit to get out of financial troubles that involve significantly higher expenses. In other words, if you want substantially high credit, Coppel’s options are not for you.
- You must prove that you earn at least $4,000 Mexican dollars, all of this based on the legality of the nation. Although it is not an unreasonable requirement, you should take it into account if you plan to apply for credit with this company.
- Understanding the condition of BanCoppel’s credits, you cannot expect it to have support in relation to travel, this being an inconvenience in relation to other options present in the Mexican Republic.
As you may have noticed, there are several reasons to consider Coppel as a good option if what you require is a lower credit. Either way, look at all aspects to find the solution you’re looking for. Also, be sure to verify why it is important to have a Coppel card and learn about its advantages before opting for this and other benefits.
