The Institute for Social Security and Social Services of State Workers (ISSSTE) provides credits to enable eligible persons who have the goal of buying a car to purchase a car.
Through the Housing Fund of the Institute for Social Security and Social Services of State Workers (Fovissste), it provides different types of funding for those who are members.
In the case of credit to buy or exchange a car, Fovissste signed an agreement with several recognized automotive agencies so that eligible customers have discounts of between 6% and 19% on their list or commercial price.
The main requirement is to be at least 6 months old in the current job or to be retired from the Institute.
What are the amounts they lend?
* The loan for people who have paid contributions for 6 months and up to 5 years is a maximum of 121,122 pesos.
* For those who have paid contributions between 5 and 10 years, the maximum amount of financing is 141,309 pesos.
* The maximum amount they lend to beneficiaries with 10 or more years of contributions is 161,496 pesos.
What are the deadlines they give to repay the loan?
* The terms for paying the loan amount to active workers are between 48, 60 and up to 72 installments every fortnight.
* Pensioners can have terms ranging between 20, 25 and 26 monthly installments.
* ISSSTE emphasized that each loan has its own particular characteristics that depend on the client, his salary and his seniority as a worker.
* The interest rate is 14%.
Steps to apply for the loan
* The entitled person must enter the virtual office at: https://oficinavirtual.issste.gob.mx/.
* Once inside you will have to fill out the form.
* The first piece of information requested by the system is the CURP, if you do not know it, you can consult it through the link: https://www.gob.mx/curp/.
* Certain system fields will already be filled with the information that ISSSTE has, but sections that are missing information must be completed.
* Subsequently, the applicant must quote the car of interest in the participating agencies, after having chosen it, it is important that they save data such as the model, brand and its characteristics.
* With the information about the car, the rightful holder must go to complete the procedure at the delegation office closest to their home or employment.
* There they will be able to choose the insurance contribution that best suits the interests of the beneficiary and in this way they can generate the credit.
* After you have done the corresponding procedure, you will be given a letter that will be the same for the agency where the car will be purchased.
* Later, the delegation office will give an estimated date of delivery of the car and the agency will take care of it after informing when they can pick it up together with the policy.
* When you go to the car agency, you can ask for information on how to register the license plates in Mexico City.
* Car agencies have an agreement with the Ministry of Mobility (SEMOVI) so that they can advise their customers with information about the location.
For any doubts about the procedure, rightful holders can contact the telephone number (55) 51 40 96 17, extensions 12 264 and 12 267.
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