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.
To apply for a microloan, unlike a loan, official employment is not required. This method of borrowing money is suitable for those who work informally. To apply for a loan, just leave an application on the IFC or MCC website. Here you will find out where you can get a microloan without official employment. When choosing, consider the amount and term, interest rate, requirements for borrowers and other conditions.
How to get a microloan for an unemployed person
For MFOs, what is important is not the borrower’s employment, but rather whether he or she has a stable income sufficient to service the debt. Therefore, when applying for a microloan, you do not need certificates from the employer or a copy of your work record book, as in a bank. Even if the client is unemployed, but regularly receives a pension, scholarship, alimony, social benefits or income from rental property, you can count on a loan.
How to get a loan for an informal worker
If the borrower is not officially employed, that is, works in some company without registration or is engaged in freelancing, it is necessary to indicate in detail and honestly all the circumstances of employment in the application form. It is important to have regular income, not employment papers.
Advantages
This method of obtaining a loan is also suitable for unemployed and self-employed people.
You do not need to prepare documents confirming employment and report the loan to your employer
A loan that does not require official employment is processed faster, since no additional information is needed to fill out the application.
Flaws
If you do not confirm your employment, the likelihood of loan approval may be much lower