You're contacting media contact of this press release

Title: Lana Digital Launches Distinctive Revolving Line of Credit to Support Financial Inclusion

Mexico City, Mexico, 29th Aug 2024 - LANA DIGITAL SA DE CV SOFOM ENR, a Mexican financial institution, has announced the launch of a distinctive Revolving Line of Credit product, aimed at providing Mexican users with more flexible and affordable financial solutions. The product allows users to accrue interest daily and borrow and repay as needed, further expanding its influence in the field of financial inclusion and establishing itself as a significant force of innovation in the Mexican financial market.In Mexico's current credit market, many loan products have fixed terms, often leaving users with inflexible repayment schedules. This rigidity can increase the burden on borrowers and may result in costly late fees. Lana Digital's Revolving Line of Credit addresses these challenges by offering a more adaptable solution.With Lana Digital's Revolving Line of Credit, users can borrow and repay funds within a specified timeframe without needing to reapply. Interest is charged only on the amount borrowed and for the days it is used. If users repay the loan early, they benefit from reduced interest costs. This flexibility allows users to tailor their repayment plans to their financial circumstances, providing greater financial convenience and autonomy. The "pay-as-you-go" model also underscores Lana Digital's commitment to prioritizing and safeguarding its users' interests.Grace Zamora, Head of Operations at Lana Digital, stated: "Our new credit product will offer greater convenience to Mexican users. By simplifying the loan process and providing flexible repayment options, we aim to offer the financial support that more Mexicans need, irrespective of their background or financial status."About Lana Digital:Headquartered in Mexico, LANA DIGITAL SA DE CV SOFOM ENR is a financi...

This press release is issued by King Newswire