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.
Loan for salary card online
What is the difference between a salary card and a regular one?
A salary card is a debit card into the account of which an individual regularly receives wages from an employer or legal entity. Otherwise, it is no different from the usual one. The holder can pay for purchases in stores and online, withdraw and deposit cash, and make transfers.
If a card is issued as part of a salary project with a bank, it will most often have special service conditions. After dismissal, they may not be saved; you need to re-issue your personal tariff.
In addition, a regular debit card available to the employee can be used as a salary card. To do this, you need to write an application to the accounting department at your place of work.
Conditions for obtaining a loan
The service is available to adult citizens with permanent registration. The borrower must work and receive regular income. In addition, a personal mobile phone and email are required.
Microloan parameters depend on the specific tariff. A short-term payday loan involves issuing up to $3,000 for a period of up to 30 days with a lump sum repayment of the debt. Long-term programs are designed for an amount of up to $10,000 for a period of up to 12 months, while the debt is repaid in equal installments according to the schedule. If you provide collateral, the loan amount and term will increase.
Why do many microfinance organizations issue microloans on salary cards?
MFOs prefer salary cards, as this is an additional guarantee of repayment of borrowed funds. The presence of such a card confirms that the borrower works officially and receives regular income. After linking the card to your personal account on the company’s website, the creditor has the right to automatically debit funds from it to pay off the debt.
Advantages
To complete the application and receive money, you only need a passport and the card itself
The capabilities of a salary card are no different from a regular one – you can use it to pay for purchases cashless, you can withdraw cash from it or transfer money to other people
Some organizations allow you to set up auto payment to repay the loan on time. You can set it on the day of payroll in order to use it to repay the debt on time
Flaws
Some companies use non-registered or prepaid cards as payroll cards. IFCs rarely accept them for loan repayments
What is important to know about loans on a salary card
Where can I get a microloan for a salary card online today?
This service is offered by almost all online services that issue quick loans via the Internet. Select an offer from the list on this page.
The best offer for a salary card loan?
Most microfinance organizations issue the first microloan to new users free of charge. These will be the most favorable conditions. Regular customers can count on discounts and improved lending options.
Is it possible to get a loan at 0% on a salary card?
Yes, to do this, contact the MFC or MCC, which has a promotion for beginners. If you borrow a small amount for a short period of time and return it on time, there are no fees for using the money.