Recasting of External Debts

Conditions

 Credit destined for the cancellation of external debts (It does not allow the cancellation of current debts in JUPEMA).

 The line of credit will be valid for credits processed between July 1 and December 31, 2022.

 Interest rate:

• Credits with fiduciary or mortgage guarantee 9.5% fixed for the first three years, 10.5% fixed for the fourth year, from the fifth year the active fluctuating rate for personal loans of the RCC corresponds.
• Unsecured loans: 11.79% fixed for the first three years, 12.79% fixed for the fourth year, from the fifth year the active fluctuating rate for personal loans of the RCC corresponds.

 Minimum financing amount ¢500,000

 Maximum financing amount:

• Up to ¢30,000,000 with surety insurance, fiduciary guarantee or mortgage guarantee.
• Up to ¢50,000,000 with trust or mortgage guarantee.
• Up to ¢70,000,000 with mortgage guarantee.

Maximum term of financing:

• Up to ¢2,000,000.00: 5 years.
• Up to ¢10,000,000.00: 15 years.
• Up to ¢30,000,000.00: 25 years.
• Up to ¢70,000,000.00: 30 years.

Requirements

  Workers in Service

• Identity card.
• Salary certification in which the salary of the month prior to the credit application is broken down, the type of appointment and indicating that the salary is free of attachments.
• Staff action.
• Authorize the issuance of the SUGEF risk rating document (CIC), download the authorization here .
• Client account or IBAN account.
• Provide the name and phone number of two contacts who do not live with the applicant.

  Pensioners and Retirees

• Have approved a retirement right in their own right in the National Magisterium.
• Identity card.
• Authorize the issuance of the SUGEF risk rating document (CIC), download the authorization here.
• Provide the name and phone number of a contact who does not live with the applicant.

 Subscription of the Outstanding Balance policy and/or pledge of the mutual policy of the Life Insurance Company.

Administrative expenses of 2%.

Guarantee

 Credits without guarantee

Available to applicants who have a historical payment behavior in the SUGEF equal to 1 and who exceed the SCORE qualifications.

In this case, an additional percentage called the contingency amount must be paid, and it can be used for the maximum amount available in accordance with the maximum limit to process without guarantor or mortgage.

Apply according to the following table:

debtor type Required Quotes Maximum amount with surety bond

retirees N/A ¢30,000,000.00

Workers in service of the MEP, INA, CUC, CUN LIMÓN and State Universities, with appointment in property. 24 quotes with the same employer. ¢30,000,000.00

Workers in service of the MEP, INA, CUC, CUN LIMON and State Universities, with temporary appointment with more than 48 contributions, in the last 5 years. 48 or more contributions in the last 5 years. 24 quotes with the same employer. Have Appointment with expiration later than 3 months. ¢30,000,000.00

 fiduciary guarantee

They may be guarantors:

• A pensioner in his own right.
• A contributor, active in property with at least 36 contributions, of which the last 12 must be consecutive and with the same employer.
• Temporary workers with at least 36 immediate and continuous contributions to the credit application and that the last 12 are with the same employer.
• In assets, you must have an appointment of more than 6 months counted from the credit process.
• The guarantor must have historical payment behavior in the SUGEF equal to 1.
• The number of guarantors required may vary depending on the credit analysis.

In all cases, the guarantors must meet the requirements requested by JUPEMA in accordance with the credit request made.

 Mortgage

The mortgage guarantee can be subscribed for any amount and up to ¢70,000,000.00 and up to 70% of the value of the property offered as guarantee is accepted, the mortgage must be subscribed in the first degree in favor of JUPEMA and the following documents must be presented:

• Certified copy of the cadastre plan.
• Literal Certification issued no more than 1 month ago.
• Certification of municipal and territorial taxes up to date.
• JUPEMA assumes the cost of the appraisal.

Important considerations

• Amount of contributions immediately prior to the credit request : To be subject to credit, according to the type of debtor, the debtor must have a minimum number of contributions, according to the following table:

debtor type Required Quotes

Workers owned by the MEP, INA, CUC, CUNLIMON and State Universities. At least 6 immediate quotes, prior to the credit request.

The interim workers of the MEP, INA, CUC, CUNLIMON and State Universities. At least 36 quotes in the last 4 years.

Workers with appointment in property or interim of private educational centers. At least 36 immediate contributions, prior to the credit application, the last 12 with the same employer.

Foreign. At least 60 contributions with the same employer.

• Interest rate:  it is fixed for the first three years, later the current rate for the RCC personal expenses line of credit will be used as a reference, which is reviewable and adjustable during the term of the credit.
• Certification and statements of debts : it will be requested for those debts that are not reported in the form because they have been issued for less than a month or for those that report payment arrears.
• Approval of credit applications : it is subject to the analysis of payment capacity and compliance with the requirements of both the debtor and guarantors.
• The application of credits without fiduciary or mortgage guarantee is subject to the availability of JUPEMA to be able to process them in this way.