Consortium and financing are forms of credit to acquire goods or services, but there are many differences between them.

The consortium is formed by a group of people who contribute resources to a common fund. There is no interest charge and there is no set date for each member to be considered. Monthly draws or bids are held to determine the participant who will be able to purchase the desired item each month.

Financing is done directly between the customer and a financial institution, which lends the money needed to purchase the good or service in exchange for the payment of interest and other fees on the amount borrowed. It is usually more bureaucratic, with a credit analysis, and may require collateral. However, as soon as the financing is released, the customer can purchase the desired good.

To form a consortium with us, simply contact one of our advisors and request a proposal. Then, present the necessary documents and sign the contract to confirm your participation. Then, simply wait for your selection and purchase the asset. You can also use the bid offer to be selected faster.

Bidding is a modality offered by consortia that allows you to compete for a prize by paying installments in advance. There are different types of bids:

Free bid: an offer of an amount stipulated by the consortium member in order to increase their chances of winning. This means that they will advance some installments according to the extra amount they are willing to pay. Therefore, the letter of credit may be issued more quickly if they offer the highest amount.

Fixed bid: the administrator sets the bid value according to the addendum for each group, and anyone willing to bid that amount participates in the modality. When there is more than one bid, the company defines the winner based on its criteria.

Limited bid: consortium members who offer the predetermined bid in the group addendum entered compete. This value is different from the fixed bid modality and the tiebreaker criterion follows the one established by the company.

Loyalty offer: designed especially for members of selected groups who are in good standing. In this case, participants who have been contributing for a certain amount of time can participate. It is a way of valuing those who have been with the administrator for a longer period of time.

Contemplation is the granting of credit to the selected consortium member for the acquisition of the desired good or service. After contemplation, the credit release procedure is carried out, with a request for inspection, analysis of the registration and legal analysis of certificates. Each consortium segment, such as real estate, vehicle or service consortium, requires specific documents.

The assemblies are monthly meetings held by the participants of a consortium group to present accounts to the administrator and to award one of the consortium members by drawing lots or bidding.

The draw is based on the results of the federal lottery. All participants who are up to date with their consortium payments compete equally.