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Prendamovil

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Consumer direct lender offering vehicle-backed loans without credit checks.

Overview

Prendamovil operates as a consumer direct lender, focusing on providing loans secured by vehicles as collateral. The company targets individuals in Mexico City, Querétaro, and San Luis Potosí, offering personal loans, installment loans, and lines of credit without requiring a credit history check. The platform utilizes artificial intelligence and machine learning to expedite the loan approval process, with responses typically provided within 24 hours. Loan amounts range from 70% to 85% of the vehicle's commercial value, and the company does not charge opening commissions. Prendamovil is regulated by PROFECO and aims to conduct thorough evaluations while providing customer service to facilitate access to funds for personal financial needs.

Key facts

Founded
2012

Business model

Contact

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About Prendamovil

What does Prendamovil do?

Prendamovil operates as a consumer direct lender, focusing on providing loans secured by vehicles as collateral.

Where is Prendamovil headquartered?

Prendamovil is headquartered in Mexico City, Mexico.

When was Prendamovil founded?

Prendamovil was founded in 2012.

Which sector is Prendamovil in?

Prendamovil operates in Digital Lending, part of Financial Technology.

Who are Prendamovil's competitors?

Companies similar to Prendamovil include Prudent Financial, Motion Yield, and Fast Access Financial.