Introduction: What is the cost?
The process is free for investors. Companies pay us a commission based on the loan amount as below:
|Amount raised (COP$ Millions)||Fee (1)|
At the time of delivering the funds to the company, you will have to pre-pay us the commission which will be reimbursed back to you in the course of the loan repayment.
(1) Fee excludes taxes.
You agreed to lend COP $ 5,000,000 at a rate of 20% per year for one year as part of a total loan of $ 60,000,000.
The company when making the credit request, authorized the 5% commission to be discounted from the loan amount. This value will be reimbursed by the company within the monthly loan installments.
Find here the calculations:
|Loann amount||$5 000 000|
|Invest Latam fee excluding taxes||5%||$250 000|
|(+) VAT||19%||$47 500|
|(-) Source withholding||11%||$27 500|
|(-) ICA withholding||1.104%||$2 760|
|Net fee to Invest Latam||$267 240|
|Capital to transfer to the company||$4 732 760|
|Total loan value||$5 000 000|