Have you ever thought about hiring a Libranza Credit Looking to organize your finances, but don't know how much you can apply for? If you're a formal worker, retiree, or member of a cooperative in Colombia, this credit option may be one of the most accessible and advantageous on the market.
With automatic deductions from payroll or pension, Crédito Libranza guarantees competitive interest rates and a safer process—both for the bank and the borrower. But before taking the first step, it's essential to know: What is the amount you can actually request?
In this article, you will learn how to check your available value, how the Libranza Credit rules work, and what tips to follow to make a smart financial choice. Let's go!
What is a Libranza Credit and Why is it So Popular?
O Libranza Credit is a type of personal loan regulated by Law 1527 of 2012. Its main characteristic is that installments are deducted directly from salary, pension or other recurring income.
✅ Main advantages:
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Lower interest rates than in common personal loans;
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Does not require a guarantor or additional guarantee;
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Automatic payments, avoiding delays and defaults;
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Flexible conditions of term and value.
📌 Who can apply?
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Formal workers (public and private sectors);
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Retired by Colpensions or private funds;
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Members of cooperatives, employee funds It is family compensation funds.
What is the Available Amount for Libranza Credit?
When we talk about “available value“, we refer to the maximum amount a financial institution allows you to request at a given time, according to your profile and the institution's rules.
🔍 Factors that influence this value:
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Your net salary or pension value;
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Current income commitment (percentage already used in other credits);
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Existence of active loans;
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Your ability to pay monthly according to legislation;
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Rules of the financial institution (bank, cooperative or fund).
Know your available value before hiring is a strategic step that helps you avoid financial pitfalls.
How to Check the Amount You Can Request
1. Direct Consultation at the Bank or Cooperative
The most reliable way is to contact your credit institution directly. Use:
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Official website (credit simulator);
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Mobile app;
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Telephone service;
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WhatsApp or online chat;
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Physical agencies.
Main institutions with Crédito Libranza:
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Bancolombia
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Davivienda
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Bank of Bogotá
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People's Bank
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Social Cashier
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BBVA Colombia
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Cooperatives as Coomeva, Fincommerce, Credifinanciera, among others.
2. Consult your company's HR department
If you are a formal worker, consult the Human Talents Department to know:
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Which banks and cooperatives have an agreement with your company;
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Maximum percentage allowed for discount;
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Special conditions negotiated by the company.
3. Consultation with the Pension Fund
Retirees can directly consult their pension funds:
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Colpensions
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Protection
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Future
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Skandia
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Old Mutual
The funds inform discount percentage allowed and partner entities.
4. Online Credit Simulators
Specialized websites and credit comparators can help you get an estimate, even if it's not yet a binding proposal. Use this to compare options.
How Much Can You Apply For in Practice?
🔸 Most institutions allow you to commit up to 30% to 50% of your net income with the installment of the Libranza Credit.
🔸 The deadline usually varies between 12 to 84 months.
Example: if you win $2,500,000 net Colombian pesos/month and the institution allows to commit up to 30%, you could pay an installment of up to $750,000 pesos. The total amount released depends on the chosen term.
Can I Request a New Loan If I Already Have an Active Libranza?
Yes! Many institutions allow it. renew the credit, provided you have paid off a significant portion of the previous loan.
👉 In this case:
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O outstanding balance of the old loan will be paid off with part of the new credit.
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You will only receive the additional amount released.
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The conditions of the new operation will depend on your current payment capacity.
Essential Tips Before Taking Out a Libranza Loan
✅ Simulate credit before signing any contract.
✅ Don't commit more than 30% of your salary/pension, whenever possible.
✅ Avoid taking out credit for unnecessary expenses.
✅ Read the entire contract, especially the fee and deadline clauses.
✅ Compare offers between banks and cooperatives.
Conclusion
Check the amount you can request in a Libranza Credit is a fundamental step towards responsible financial planning. With online simulators, queries with the company's HR department or directly with your bank or cooperative, you can have a complete overview of your credit profile.
Remember: Crédito Libranza is a powerful tool, but it must be used wisely. By knowing how much you can request and the conditions offered, you avoid surprises and make decisions that benefit your financial well-being in the long term.
✨ Now it's up to you! Consult your bank, compare offers, and organize your finances safely and strategically.
