Taking out a loan is often seen as a way to address immediate financial needs, but according to Wilber López, Credit Coordinator at Banco Industrial, responsible management of credit can also help strengthen the relationship between clients and their bank.
López explains that establishing trust with a bank begins with responsible behavior from the start. He states, “A loan can help achieve a short- or medium-term goal. However, if it is managed properly, it will be much easier for the client over time to request financing to buy a new home or the car of their dreams.”
Making payments on time helps build a positive payment history, which serves as proof of reliability for future financial requests. López adds, “One of the benefits is the renewal of credit after the client has made six timely payments. That extension is determined based on payment capacity and individual needs. For example, someone might request a Q50,000 loan and later increase it to Q100,000. It is possible to make up to two renewals within one line of financing and access better interest rates.”
Banco Industrial offers tools such as automatic debit options to help clients keep track of their payments and avoid missing deadlines due to other commitments. López emphasizes the importance of professional guidance: “The support is crucial because many people do not know what percentage of indebtedness they should not exceed, which is 30%. With advice provided by Banco Industrial, it’s possible to evaluate whether debt consolidation through a loan is necessary. To apply for a loan you only need to leave basic information on our website and receive an answer in about 24 hours. An advisor will contact you at your preferred time and method.”
Through responsible borrowing and ongoing communication with financial advisors, clients can develop long-lasting relationships with their banks that may provide access to more favorable terms and greater opportunities in the future.
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