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.
Remote loan on card
Take a loan remotely
To apply for a microloan without visiting the office of a microfinance company, you can use several methods. The most common and convenient way is to fill out an application on the MFO website or mobile application and receive funds to a bank card. You can also get a loan over the phone or via SMS. But such a service is provided to existing clients who have previously collaborated with this organization.
Conditions of remote loans under the agreement
The conclusion of an agreement between the borrower and the microfinance organization is mandatory for obtaining a microloan. The document must set out the procedure for issuing and repaying the loan, the rights and obligations of the parties, the cost of services, the rules for calculating fines and penalties.
On average, a short-term loan is issued for a period of 3 to 30 days in an amount from $100 to $3,000 at 0.8% per day. Repayment is made in a lump sum payment at the end of the microloan term. If the client encounters financial difficulties, the term of the contract can be extended by paying the interest already accrued. In a private case, you can get a loan for a larger amount, but the conditions will be different.
List of documents
To receive a microloan, it is mandatory to present a citizen’s passport. Some companies require a second form of identification, such as a driver’s license. Income and employment certificates are not required. When applying for a loan remotely, the data from the documents is entered into the application form, and a passport photo is also uploaded.