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Mercado Libre postpones the collection of the monthly payments on its loans to support its customers

The platform will extend the expiration date and will not charge interest surcharges for arrears in the monthly payments that expire during the month of March for the consumer loans granted. by Credit Market.

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Mercado Libre postponed the maturity of the monthly installments of the loans that mature in March. All this in order to reduce the impact of the COVID-19 pandemic on the economy of its customers.

Mercado Libre postpones the collection of the monthly payments on its loans to support its customers
Mercado Libre postpones the collection of the monthly payments on its loans to support its customers

According to the ecommerce company, the benefit will impact hundreds of thousands of people in Argentina, Brazil and Mexico who use Mercado Crédito to finance their purchases on the platform. The measure postpones for a month the collection of more than 2 million monthly payments due in March.

“Contemplating the economic challenges of this situation, at Mercado Crédito we want to transmit tranquility and support to our users in these difficult times. Our main objective is to accompany them and offer them alternatives that facilitate this moment, “said Jonathan García Sarmina, Director of the Credit Market in Mexico.

Likewise, it will discount the default interest of the next monthly payment to be due from those users who are up to date. Mercado Crédito will grant these same benefits to those users who owe the March fee, although automatic collections will not be canceled until they have regularized their payments.

Lastly, they will continue to offer their clients the possibility of paying monthly their online purchases, without the need to have a credit card or request personal loans, with the aim of collaborating with all those who are unbanked and need to make purchases. online on the platform.

Given the need to stay in our homes, Mercado Libre reminds that the digital means of payment for the collection of available monthly payments are:

  • Debit.
  • Via transfer.
  • Money available in the Mercado Pago account.

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