How much does Fonacot lend me?
To define the maximum amount of your credit, which can be up to four months of your salaryFonacot considers the following:
- The total of fixed, permanent and cash earnings that appear on your payslip.
- The total deductions that appear on your payslip.
- Seniority in your workplace.
- The monthly payment capacity that you have as a result of the analysis of your Payroll receipt (perceptions less deductions).
- The discount capacity that you want to be applied to your monthly salary (10%, 15% or 20%).
- The result of the qualification of your Work Center, carried out by the Institute.
- The selected term of your credit.
- The result of consulting your payment history to a credit information society
You can also use the Condusef Personal Credit and Payroll Simulator to know how much the institution can lend you.
Fonacot loan requirements
- Receive income from a central zone minimum wage onwards, not including benefits.
- Have a minimum age of 18 years.
- Have a minimum employment seniority of six months (for eventual in two or more work centers with a maximum of 5 working days of leave between two TC’s).
- Work in one or more Work Centers affiliated with the Fonacot Institute.
- Mobile number for validation call at the moment.
- Have at least two personal references.
- Personal email.
If you meet the requirements you can schedule an appointment to apply for the loan at https://citas.fonacot.gob.mx/ini