Libranza

Libranza is a distinct Colombian credit product, regulated under Ley 1527 de 2012, in which loan repayments are deducted directly from a salaried employee's payroll or a pensioner's monthly payment before it reaches them, with the employer or pension-paying entity obligated to withhold and forward the installment. Because repayment risk is much lower for the lender, libranza products typically carry preferential rates, subject to a legal cap of 50% of net monthly pay and a requirement that the borrower still receives at least the minimum legal salary after the deduction. Operators must be registered in RUNEOL, Colombia's national registry of licensed libranza providers.

Libranza is a different category from the short-term fintech microcréditos this site mostly covers: it depends on a formal payroll or pension relationship and is generally not something an online micro-lender offers, since it requires integration with an employer or pension fund rather than a purely digital, unsecured underwriting process. It is worth knowing about as a lower-cost alternative for salaried or pensioned borrowers who qualify, even though it is not a fast, same-day product in the way a fintech microcrédito is.