INFONACOT continues to support workers.

Derived from the contingency by COVID-19, the economy of Mexican families has been greatly affected, so that both companies and workers have been in need of seeking various alternative support, For this purpose, it is important to remember that the Institute of the National Fund for the Consumption of Workers (INFONACOT) offers various payment schemes for the credits of workers who cannot pay their credit on a regular basis.

This is in the event of workers becoming unemployed, either because of dismissal or because of the closure of their company.

Next, we mention the support that INFONACOT is offering workers.

SCHEME 70-30: In this scheme the worker pays 70% of the debt of his credit in a single exhibition and FONACOT supports him with the remaining 30%, forgiving interest generated by the arrears.

SCHEME 20-20-20: In this scheme the worker pays 20% of the debit, the remaining balance is restructured within a period of up to 20 months without interest, in addition to which for each payment made in time and form, the institute grants the benefit of a 20% cut and remits the interest generated by the arrears.

SCHEME 50-50: applicable only for credits allocated to external collection service providers where 50% of the debit is paid and the institute supports you with the remaining 50%, in addition to waiving the interest generated by the arrears.

However, INFONACOT not only offers payment alternatives, but also as part of the support measures is available to workers the “CREDIT OF TEN”, which is granting to those workers from 18 to 59 years old, who are one year old at their place of work and have an indefinite contract.

This program consists of granting a cash credit of $10,000 pesos, without opening fee, to 36 months, with fixed monthly payments of $360.23, paying from the 4th month, that is, only 33 monthly payments will be paid.

If you want to know about these and other topics of interest, in Bandala | Diaz | García we continue to offer information and advice to request such support.

LEGAL NOTICE

The main purpose of this information is to provide guidance to the general public. It does not replace the provisions of applicable law. Nor does it replace the specialized legal advice or consultancy that can be offered by any of the lawyers and/or accountants of Bandala | Díaz | García