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 immediately to the card
Microfinance services attract clients due to their accessibility and high speed. You can get an instant loan directly to your card around the clock without checking or providing a lot of documents. A microloan with virtually no refusal will allow you to urgently solve any financial problem.
Receive a loan directly to your card
To apply online, you need to register a personal account on the MFO website and link a bank card. Regular clients of the company can count on good conditions and quick consideration of the request. The time from filling out the application to receiving the money will take no more than 5 minutes.
Conditions of registration
When choosing the optimal offer, you should take into account the main parameters of any microloan – interest rate, amount and loan term. The ratio of these indicators affects the final overpayment. You can make preliminary calculations using a special calculator.
On average, a short-term loan is issued in the amount of $100 to $3,000 for a period of 3 to 30 days at 0.8% per day with repayment of the debt at the end of the term in one payment. Long-term microloans can be taken out for up to 1 year in an amount of up to $10,000 with an interest rate of 0.3% per day and repayment of the debt in equal installments weekly or monthly.
Advantages
Minimum requirements for the borrower and documents
Instant crediting of funds to the card if the application is approved
The service operates around the clock, without weekends and holidays
Free loans for new clients
Flaws
Small amount and short loan period
High interest rate on loan
Requirements for the borrower
Requirements for loan recipients may vary among different microfinance organizations. As a rule, the service is available to adult citizens. You must have a stable source of income and a personal mobile phone. The only documents you will need are a passport. Sometimes the lender will ask for a second piece of identification.
Most positive reviews about microfinance companies are based precisely on a loyal attitude towards the borrower. The requirements are much simpler than at a bank; in particular, you do not need to collect certificates or provide your employer’s phone number.