Education credits will have a funding of up to 15 years

The Banks of Guayaquil and Pacific, which extend credit for academic training, will now provide funding for up to 15 years.

The payment term is 7 years, including 2 years of grace. The interest rate is 8.16% during the study period.

According to figures from the Superintendency of Banking and Insurance (SBS), until March of this year the loans delivered by the two institutions have meant $ 7.47 million. The Pacific Bank gave 51.11% of this value.

According to the website of the organization, the loans cover titration periods up to eight years and once completed, a period of one year of grace is given to start paying the debt.