The text, approved by a majority, proposes that financial entities vary the credit rating of these debtors to one of lower risk than the one they received at the time of obtaining the credit and that the interest rate to be applied be adjusted.
This benefit would be lost if the debtor is late in paying their installments for more than eight days. Both projects, now opinions, will go to the plenary session of the Congress for their respective debate and vote.
For Jorge Mogrovejo, deputy superintendent of the Superintendence of Banking, Insurance and AFPs (SBS), currently the Finance system It recognizes as a good debtor those people who are punctual in their installment payments. Furthermore, he pointed out that the debtors start with a normal credit rating, with no other lower risk rating, and that credit risk is only one of the components to set the interest rate.
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Likewise, Jorge Delgado, president of the Association of Microfinance Institutions of Peru (Asomif), indicated that the project is counterproductive as it cannot determine whether or not the debtor has a normal income stream.
“How am I going to know if the client is a good payer, because a good payer is someone with a normal income stream. If he was refinanced or rescheduled, how is he going to be a good payer if he has problems? Indian.
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In addition, he recalled that the interest rate of credits of debtors may vary when loans are renewed or extended.
In turn, the Association of Banks of Peru pointed out that the interest rate defined in a loan is made following a technical evaluation of the client’s profile, considering the cost of funding, operating expenses, risk and client behavior.
“Paying on time for six months does not fully or sufficiently reflect future payment capacity, nor does it have a sufficient impact on risk so that, technically, there is an interest rate reduction. For example, a user may be paying installments of a debt with other debts, or with an unsustainable cash flow in the medium or long term. On the other hand, the risk evolves due to issues that do not only have to do with the last six months of payment. That the interest rate can be reduced depends on reducing the risk, or on lowering costs”he indicated.
Modifications
The commission also approved the bill so that the modifications of rates or fixed amounts of taxes of goods subject to the Excise tax are given via legislative decree and not via a supreme decree endorsed by the Ministry of Economy and Finance (MEF), as is currently the case.
Carlos Casas, main professor of Economics at the Universidad del Pacífico, considered this measure positive since it would provide predictability in rate changes.
“We have seen that there has been a lot of discretion, there have not been very strong changes by the MEF [en las modificaciones] and an intermediate solution is being put, not that the Congress set [las tasas y/o montos fijos]but rather that there is a certain predictability, which is somewhat what is sought with a tax regime. […] The levels are determined by the MEF, which has a greater capacity to make these measurements, as in all taxes”narrowed down
