Simple - Línea de crédito is a free Android application developed by JENNIFER PATERNINA CARMONA. It falls under the category of Business & Productivity, specifically Finance. This program offers online loans without collateral or guarantees to ordinary borrowers, providing assistance to all Colombians facing financial difficulties.

With Simple - Línea de crédito, users can request credit limits ranging from COP$100,000 to COP$8,000,000, with durations ranging from 91 to 365 days. The interest rate is 0.01% per day, which corresponds to approximately 0.365% per year. Additionally, there is an added 10.8% VAT (Value Added Tax) on the loan amount.

To give an example, if a user requests a personal loan of COP$90,000 for a duration of 120 days, the loan details would be as follows: Loan Amount: COP$90,000, Interest: COP$90,000 * 0.01% * 120 ≈ COP$1,080, Interest Rate: 0.365% per year, VAT: COP$90,000 * 10.8% = COP$9,720. The total repayment amount would be COP$90,000 + COP$1,080 + COP$9,720 ≈ COP$100,800.

Simple - Línea de crédito offers two repayment options: a lump sum repayment of COP$100,800 after 120 days or monthly repayments of COP$25,200.

To ensure eligibility, users must be Colombian residents with a valid identification card (Cedula de Ciudadania), be over 18 years old, and have a bank account. The app requires access to the user's mobile phone information to validate their identity and determine their eligibility for the loans.

Simple values user privacy and ensures that all data is protected by the highest global security standards. Users' information will never be shared without prior authorization.

For more information, users can contact Simple - Línea de crédito via email at or visit their office at Cl. 32a #32-04, Sincelejo, Sucre, Colombia. Their working hours are Monday to Friday from 9:00 am to 6:00 pm and Saturday from 9:00 am to 2:00 pm.