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.
How to get a reliable online loan
If you borrow money, you should choose a lender responsibly. Especially if you are applying for a microloan for the first time. Your credit history and your ability to borrow money in the future depend on this. We will simplify your task of finding a reliable microfinance organization. On our website you will find a list of reliable companies and a popular rating of microfinance organizations.
Criteria for selecting lenders – duration of work on the market, terms of microloans (terms, interest, repayment methods), reviews of borrowers.
Advantages
Availability of licenses and other documents from reliable companies
Confidence in the absence of conditions written in “fine print”
The opportunity to “improve” your CI by taking out several online microloans in reliable places
24-hour processing of applications
Flaws
The need to make payments on time according to schedule, taking into account accrued interest
Possibility of financial ruin if not planned properly
Avoid cooperation with little-known lenders who cannot boast of reliability and positive reviews from borrowers. When choosing an MFO, focus on independent ratings and feedback from clients.