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 a microloan for $20,000
If urgent needs arise, but your salary is not coming soon, a microloan will help you quickly cope with the situation. MFOs do not ask the borrower about the purposes of the loan, and money can be received completely remotely without visiting the office. The likelihood of a positive decision on the application is very high, even for a client with a damaged credit history. It’s convenient that you can apply for money at any time of the day, and all you need is a passport.
Advantages
Registration will not take you much time, and the only documents you will usually need is a passport
You can choose a convenient loan term – from several weeks to several months
The debt amount together with interest is paid at the end of the term in full or during it in equal parts
Flaws
The longer the term of such a loan, the higher the overpayment on it
How to get a loan for 20 thousand dollars
First of all, you need to check that the borrower meets the established requirements. The service is available to adult citizens who have a personal mobile phone and a regular source of income.
You can fill out an application online on the website or in the mobile application. It takes no more than 30 minutes to apply for a loan and transfer funds. For new clients, many microfinance organizations offer preferential conditions, for example, receiving a first loan at 0%.
Methods for issuing a loan
You can borrow money in different ways. The most common are:
- Bank card. Funds are received instantly at any time of the day. The card must be issued in the name of the client, have a positive balance and current expiration date
- Online wallet. The status of the wallet must allow you to receive the selected amount. This option is convenient for online payments
- Bank account. Money can be credited up to 5 working days
- In cash at the MFO cash desk or through payment operators. To receive funds, a personal visit of the borrower with a passport will be required during business hours