The microcredit company FinaGuru issues short-term and long-term online loans to individuals. The organization does not have a branch network; it operates remotely via the Internet.
Creditnice is a microfinance company operating since 2013. It specializes in loans with online processing, including to pay for purchases from partners; it also issues virtual credit cards and provides credit lines.
Features of loan repayment by March 8
When applying for a loan, the company draws up a payment schedule. Interest may be calculated daily or monthly. The most common payment format is monthly. The repayment date will be considered the date the money is credited to the company’s account, and not the date it is debited from the borrower’s account.
When choosing a payment method, this must be taken into account, because the processing time for transfers is one to two days, and for cash – two to three days.
A specific company may have its own nuances of debt repayment, so you need to discuss which payment method will be the fastest.
It is possible to repay the loan early. In this case, the client pays interest for the actual period of use of the borrowed money. However, this is not always beneficial. For example, a company issued funds at a preferential rate for a certain period. If you repay the loan early, interest will be calculated at the standard rate.