Banco Popular
Offering Loans For "Boosters"
The full effect of the new Ley de Transito
goes into effect on September 23, which will
require all children 12 years of age and
under to be strapped in an appropriate child
seat or booster.
One bank, the Banco Popular, is offering a
line a credit to customers for the specific
purpose of buying a child restraint,
offering a loan at 12% for a 60 month term.
Milagro Hernández, co-ordinator of credit
processing, said that customers have to
bring in a proposal for the item they intend
to purchase, their cedula and a copy, proof
of employment (orden patronal0 and salary
and the bank will approve the credit in 30
minutes or less.
Hernández added that following the approval,
the bank will immediately issue the customer
a cheque payable to the store selling the
article for the purchase.
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