Long-term loans with monthly payments

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The microcredit company VAYVND issues microloans to individuals online and in branches.
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.
Creditify is a service for issuing urgent online loans to a bank card. You can take out a loan on a card from this company for various purposes. Income certificates and guarantors are not required.

Features of long-term loans with monthly payments


Long-term microloans, which need to be repaid once a month, have several features:

  • Preferential conditions. Long-term microloans are not eligible for the 0% interest promotion for new clients. On preferential terms, you can only borrow a small amount for a short period of time if you contact a lender for the first time
  • Security. To receive a large sum, collateral is often required. This may be a solvent guarantor who meets the lender’s requirements, or collateral, for example, a car, registered in the name of the borrower
  • Interest rate. For long-term loans it will be lower than for short-term loans – 0.1–0.5% instead of 0.8%
  • Microloans for a long time. More often available as a special offer for regular customers rather than for everyone

Debt repayment options


Long-term loans with monthly payments must be repaid according to a schedule on the due date. The method of depositing funds does not matter. It is important to make your payment in full on time using one of the following methods:

  • Cards. The borrower can activate automatic payment or transfer money to the account independently once a month
  • Cashless transfer. You need the details of the microfinance organization. Payment is not received immediately and may take up to three business days.
  • Electronic money
  • Cash. You need to contact the lender’s cash desk, or use the terminal

FAQ:


Where can I get a long-term loan with a monthly payment today?
This page provides a rating of microfinance organizations that offer tariff plans with a long loan term and monthly repayment. You can apply online without visiting the office.

How quickly can I receive a long-term microloan with monthly payment?
It usually takes 15–20 minutes to register and fill out the application, and processing the request will take another 5–15 minutes. If approval is received and the borrower agrees to the terms of the agreement, the money is credited to the card instantly. If you apply again, the process will be faster. And if security or supporting certificates are provided, it may take longer – up to 1-2 days.

What are the ways to receive money for a long term with monthly payments?
Often a bank card from a Russian bank issued in the name of the borrower is used. In addition, you can get a loan via e-wallet or in cash.

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