If you are looking to apply for an unsecured loan through the Bank of the Ecuadorian Institute of Social Security (BIESS), it is essential that you know the necessary requirements to be eligible and when are the best days to request it.
These loans represent an attractive financial option for both IESS members and retirees, and the requirements may vary depending on your specific situation.
The Biess makes unsecured loans to IESS affiliates with at least 12 contributions to Social Security and who have real guarantees (reserve funds and/or severance pay) in the IESS.
To apply for an unsecured loan you must enter the website Select the Unsecured Loan space and the credit subproduct that interests you.
What days are best to request a loan
Policyholders who have both the role of member and retiree-pensioner in the web application have the possibility of requesting their unsecured loan during the business days of the 1st to the 3rd of each month, from the 6th to the 9th and the 26th of each month.
Requirements for affiliates
Members must meet two types of requirements: contribution and qualification. Contribution requirements have to do with cash, and among their requirements we have that the member must have a stable repayment source compatible with the requested loan, such as your salary or pension reported to the IESS. You can request an unsecured loan amount of up to 95% of the accumulated reserve and/or severance funds.
BIESS: Do reserve funds serve as collateral to access an unsecured loan?
On the other hand, the qualification requirements for affiliates are as follows:
2024-03-09 18:57:23
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