Sometimes a person needs to take out a microloan for a longer period than the standard payday offer. In such a situation, you can turn to a company that offers loans for up to two months. To apply for a loan, just leave an application on the IFC or MCC website. Here you will learn about companies that issue microloans for two months. When choosing, consider the amount and term, interest rate, requirements for borrowers and other conditions.
Advantages
The interest rate for a longer term is lower than for a short term
The borrower is subject to the same requirements as those required to obtain a payday loan.
The loan is repaid in installments once a week or every two weeks
If desired, you can extend the loan term by several days or weeks.
Flaws
Sometimes longer loan terms are only available upon re-application