Skip to content
Loans

Debt Consolidation

Consolidate your debts into a single lower payment.

Back to products

Note: The calculation shown is for informational and reference purposes only. The installment shown does not include the mandatory insurance associated with the loan. The final value is subject to the credit study, approval conditions and applicable costs.

Debt Consolidation
I want it

Choose your substitution plan

Consolidate debts with the best scheme for your pocket.

Simple Substitution

1 debt direct transfer
  • Consolidate 1 debt from another entity
  • Preferred rate 14% EAR
  • Term up to 84 months
  • Estimated savings up to 20% in interest
When you have ONE expensive card or loan.
I want it
Recommended

Multi Consolidation

Up to 10 debts total unification
  • Consolidate up to 10 obligations at once
  • One manageable monthly installment
  • Estimated savings up to 30% in interest
  • Free advisory for the process
When you have multiple cards and loans to organize.
I want it
Benefits

What does it offer?

We consolidate up to 10 obligations from other entities

Preferred rate 14% EAR for substitution

Save up to 30% in total interest

One manageable monthly payment

Term up to 84 months by amount

Everything you need to know

Know more about your credit

Everything you need to know at a glance.

Debts to consolidate
Up to 10 obligations
Term
Up to 84 months
Preferred rate
14% EAR (substitution)
Estimated savings
Up to 30% in interest
Single installment
Yes, monthly
Debtor insurance
Included
Coverages and uses

What can you finance?

These are the coverages and uses of your loan.

Bank loans

Consolidate consumer or free-investment loans from other institutions.

Credit cards

Transfer credit card balances to a much lower rate.

Revolving loans

Unify revolving lines or credit lines with different installments.

Deferred purchases

Close store installment purchases with a single monthly payment.

Simulate your Compra de Cartera
Calculator

Simulate your Compra de Cartera

Calculate your exact installment before requesting.

Our simulator shows you the amount, term and estimated monthly installment. No commitments.

Go to the simulator

Ideal for

People with multiple debts who want to organize.

Interested?

Write to us and an advisor will get in touch.

Request more information
All included

Mandatory insurance included

Debtor insurance backing the entire consolidated portfolio.

Consolidated debtor life

Covers the total balance of your unified obligations in case of death or disability.

Unemployment coverage

Pays up to 3 installments if you lose formal employment (for employees).

Monthly premium of 0.40%

Applied to the consolidated loan balance.

Requirements to get it

Requirements to obtain it

Requirements to consolidate debts from other institutions into one INOVACOOP payment.

Membership as a partner

  • Original valid national ID card (or foreigner ID for non-Colombians).
  • Be of legal age (18+) to hold the product.
  • Fill in the single INOVACOOP membership form.
  • Personal-data handling authorization (Law 1581/2012).
  • Authorization to consult and report to credit bureaus.
  • Payment of the minimum membership social contribution.

AML compliance (SARLAFT / FATCA)

  • Know-Your-Customer form (SARLAFT), duly signed.
  • FATCA / CRS form declaring foreign tax obligations.
  • Written declaration of the lawful source of funds and assets.
  • Two personal and two commercial/family verifiable references.

Income and repayment capacity

  • Employment certificate under 30 days old with role, salary, contract type and seniority.
  • Last two (2) months of payslips.
  • Bank statements of the last three (3) months.
  • Recent utility bill (under 60 days) as proof of address.

Self-employed or merchants

  • RUT (tax ID) updated within the last 6 months.
  • Income-tax return for the last two (2) years (if applicable).
  • Bank statements of the last six (6) months.
  • Chamber of Commerce certificate under 90 days old (if applicable).

Documents of the debts to be consolidated

  • Current settlement statement of each obligation to consolidate.
  • Payment references or destination accounts of each creditor.
  • Certificate of current rate and outstanding balance of each loan.
  • Debts to consolidate must be up to date (arrears under 30 days).

Credit requirements

  • Minimum three (3) months of membership.
  • Good payment history: no active negative credit-bureau reports.
  • The installment cannot exceed 40% of net monthly income.
  • Mandatory borrower life insurance and product-specific policies.
  • Fill in the credit application and payroll deduction authorization.

Guarantees by amount

  • Joint co-borrower under the same conditions (loans over $10,000,000 COP).
  • Mortgage or pledge guarantee for loans over $50,000,000 COP.
  • National Guarantee Fund (FNG) backing according to loan line.
Documents must be current and original. INOVACOOP may request additional information based on credit or risk analysis for the product.
How to open your account

Request in a few steps

Pick your preferred channel — the process is fast and simple.

Online

100% digital
From the app or portal, without leaving home.
  1. 1 Log in to the INOVACOOP app or web portal.
  2. 2 Choose "Compra de Cartera" and complete the simulator to see your installment.
  3. 3 Attach required documents digitally (ID + supporting docs).
  4. 4 Electronically sign the promissory note from the app.
  5. 5 Receive the disbursement in your INOVACOOP account in 24 business hours.
Request online

Physical branch

Personal advisory
An advisor guides you through the whole process.
  1. 1 Visit your nearest INOVACOOP branch with your original ID.
  2. 2 Ask an advisor about the "Compra de Cartera".
  3. 3 Fill in the application form with the required documents.
  4. 4 Sign the physical promissory note and contract with the advisor.
  5. 5 Receive the disbursement by check or transfer the same day.
Visit a branch
Full transparency

Rates and fees

Know current rates and costs associated to your loan.

Monthly nominal rate 1.10% monthly
Effective annual rate 14.03% EAR
Debtor insurance 0.35% monthly of balance
Administration fee $8,000 COP monthly
Prepayment No penalty
Late fee Current usury rate

Rates are estimates and depend on your individual credit study.

Loans

You may also like

Free Investment Loan

The money you need for whatever you want, at fair rates.

See details

Quick Loan

Approval in minutes, same-day disbursement.

See details

Productive Loan

Financing for your business or venture.

See details