RAP App

The RAP (Private Contribution Regime) is the largest private financial institution of social interest in Honduras, regulated by the National Banking and Insurance Commission (CNBS).

RAP PERSONAL LOAN INFORMATION

MAXIMUM APR (ANNUAL PERCENTAGE RATE): 11.36%

PAYMENT TERMS:
- Minimum: 12 months (1 year)
- Maximum: 60 months (5 years)

REPRESENTATIVE EXAMPLE:
For a loan of L.100,000 (Lempiras) for 12 months:
- Loan amount: L.100,000
- Monthly payment: L.8,773.96
- Total interest: L.5,287.52
- Total cost: L.105,287.52
- APR: 10.26%
- Nominal interest rate: 9.75%

DETAILS OF APR RATES BY CATEGORY:
For members with income of up to three minimum wages:
- Annual interest rate: 9.75%
- APR (Annual Percentage Rate): 10.26%

For affiliates with higher incomes:
- Annual interest rate: 10.75%
- APR (Annual Percentage Rate): 11.36%

REFINANCING CONDITIONS:
- Loans can be refinanced once 25% of the capital has been amortized
- The amount to finance can be up to 100% of the contributions in RAP

PERSONAL LOAN REQUIREMENTS:
- Have contributions in the Housing Fund
- Minimum one year of work seniority
- Employing company up to date with payments to the RAP
- Be a permanent employee of an affiliated company
- Possess legal capacity to contract loans

The RAP is supervised and regulated by the National Banking and Insurance Commission of Honduras, guaranteeing the security and transparency of our financial services.