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.
Urgent loans online
The main advantage of a microloan is the speed of its processing. Therefore, it is also called a term loan. Consideration of the application and receipt of funds occurs on the day of application. The fastest way is to pay by card; the money arrives instantly. In this regard, loans that are issued urgently with an immediate response are popular among borrowers, despite high rates.
There is no need to wait several days to receive a response to your application, as with a bank loan. Without much searching, you just need to select the best offer from the list, click the “Submit Application” button and receive a response from the microfinance organization.
A mini-loan can be obtained around the clock without lengthy checks, including late payments. MCC and IFC, which issue loans online with virtually no refusal, are suitable for debtors and the unemployed. A new client applying to a microfinance company for the first time can take out a loan without interest.
How long does it take to issue an urgent loan?
The specific period of time required to receive funds from an MFO depends on each company and the client’s status.
If a person applies to this MFC or MCC for the first time, it will take time to register a personal account, fill out a detailed questionnaire about the borrower, link a bank card, upload copies of documents, photo or video identification. An existing client of the organization does not need to do all this; it is enough to simply fill out an application for a microloan, which indicates the amount, term, and method of receiving money. That is, filling out an application for a microloan takes from 2 minutes to 1 hour.
The request is approved as quickly as possible. This parameter serves as the main competitive advantage between MFOs. In most cases, the application is processed automatically using special software. Therefore, you can apply for a microloan around the clock, on weekends and holidays. On average, a response is provided within 5-15 minutes, no later than one day.
Also, at the final stage of applying for a microloan, it will take time to study and sign the agreement and transfer funds. The fastest way to get a loan is a bank card. Money comes to her instantly. It takes 10 minutes to credit funds to your e-wallet. You can contact a money transfer operator for a cash loan in 1-2 hours according to the outlet’s opening hours.
Thus, an urgent loan is issued from 10 minutes to 1 day.