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.
Loans to card instantly
What is an instant loan on a card?
A loan on a card instantly is a type of microloan without collateral, guarantors and complex checks, which can be applied for online at an MFO around the clock, at any time. Even on weekends and holidays. If you urgently need money, select the appropriate product on this page.
MFIs have minimum requirements:
- Age from 21–23 years, less often – from 18 years
- Interest rate – 0–0.8% per day
- Duration: 1–7 days for new clients
- Credit limit – from 100 to 15,000 $
- Early repayment – at any time, without fines and penalties
New clients can receive loans without interest. MFOs often launch promotions and discounts. The conditions depend on the selected program, amount, term and availability of collateral for the microloan. Interest can be calculated monthly, weekly or daily.
Some companies offer microloan extension. To extend the debt repayment period, it is enough to pay the accrued interest. The loan can be extended up to 30 days, no more than five times.
Advantages and disadvantages of instant loans
Pros:
Fast registration with a passport
24-hour loan issuance
Instantly receive money on your card
Large selection of offers
Favorable conditions for new MFO clients
Minuses:
Higher rates than loans
Large fines for late payments
Small credit limit – from $100 to $30,000
Short debt repayment terms