Credit companies are organizations that provide short-term lending services available to vulnerable social groups. Microfinance organizations are one of the popular types of credit companies that provide funds even when banks refuse. Such loans are called microloans (small amount for a short period).
Every year, the microfinance services market is expanding due to the high percentage of refusals from banking institutions and requirements for borrowers: income, good credit history, guarantors, etc. New credit companies are a popular option for receiving money online, without leaving home, with a minimum package of documents and in 15-20 minutes.
Differences between credit companies and banks
New online lending companies provide microloans for a short period of up to one month. The purposes of lending can be different: purchasing equipment, traveling, paying utilities, training, repairs, etc. Loans are provided to both individuals and legal entities. At the same time, the loan amount is small; at the first application you can get a maximum of 10 thousand.
The advantage of taking out a loan from an MFO is that borrowers with a bad credit history can get money. Microloans are also available to persons without property who have nothing to offer as collateral.
Other advantages of credit companies include:
- accessibility Loans can be obtained by students, pensioners, mothers on maternity leave and other vulnerable social groups. A damaged credit history also does not matter;
- simplicity. Just a few clicks to select an MFO and optimal conditions, fill out an online form and wait for approval and crediting of funds;
- minimum package of documents. In most cases, a passport and identification code are sufficient;
- fast processing. Online lending companies provide an opportunity to get a loan without visiting a branch of a financial institution or leaving your home.
Types of credit companies
The Ukrainian market has many different lending companies. This:
- MFOs are microfinance organizations whose purpose is short-term loans for small amounts;
- MFC – microfinance companies providing loans with extended repayment terms;
- MCC are microcredit companies focused on small amounts of microloans with high interest rates.
Most of the verified financial organizations are collected on the online loan comparison site Bank-ua. To obtain more detailed information about a specific microfinance organization, it is recommended to familiarize yourself with data from official sources – the National Bank of Ukraine or microfinance associations.
The activities of microfinance organizations are carried out in various types:
- online loans. Such companies operate exclusively remotely. You can apply for a loan online using a card by registering or filling out a form on the organization’s website;
- stationary offices with direct work with clients and cash issuance.
Legality of the activities of microfinance organizations
In order not to fall into the trap of scammers, it is worth checking whether the company is reliable and whether it operates legally. The work of companies is regulated by the Law of Ukraine “On Credit Unions and Credit Cooperatives”. It defines the scope of activity, registration rules, and the responsibilities of the creditor company and its clients.
An MFO audit can be carried out in several ways:
- license verification. Make sure that a licensed MFO can be in the register of the National Commission for State Regulation in the Field of Financial Services Markets;
- read reviews. Reviews of cooperation from clients will help you form your opinion about the company and get acquainted with its reputation in the market;
- contractual terms You should carefully read the contract, all the conditions, penalties, the smallest print.
Advantages and disadvantages of microfinance organizations
When it is necessary to get a loan quickly, without unnecessary paperwork and time, microfinance organizations become the best choice. Companies offer attractive conditions, interest-free rates, promotions for first customers, and favorable offers (extending the amount and term of the loan) for repeat applications.
To apply for a loan, all you need is a phone number, a minimum package of documents (passport and TIN code), a bank card and Internet access.
Choosing an MFO on the Bank-ua website is a simple search for a credit company, available 24/7. Organizations serve clients around the clock, without holidays, weekends or breaks. The loan is issued at a time convenient for the client. Microloans are available to all adult citizens: students and pensioners, mothers on maternity leave, unofficially employed people, etc.
Convenience of registration, the ability to choose a loan rate, quick approval – these are a number of advantages of MFOs, thanks to which the institutions are in great demand among the population.
The advantages of credit companies are obvious. In 15-20 minutes, a loan on a card can be approved, and this is the fastest solution if you need to get money for urgent needs.
Do MFOs have disadvantages? As with all credit companies, when applying for a loan you should calculate your financial capabilities, as well as a number of other disadvantages:
- high interest rate. Loans from microfinance organizations usually have a higher interest rate compared to banking institutions;
- minimum amount. MFOs provide only small loan amounts that do not allow solving global financial problems;
- fraud risks. There are many unreliable, fake financial companies operating illegally on the market.
How should you choose a credit company?
Selecting an MFO on the Bank-ua website is available in just a few steps.
- Using a filter system, select the optimal conditions from the company.
- Go to the MFO website and use the loan calculator to calculate payments and interest.
- Fill out the application form, indicating personal data, phone number and bank card.
- Wait for review (often this happens automatically, within 15 minutes) and crediting of funds.
When choosing a credit company, it is important to take into account the presence of a license to operate, positive customer reviews, and familiarize yourself in detail with the conditions and interest rate. The simplicity of the procedure for applying for a microloan and the rapid receipt of funds will be additional advantages of choosing an MFO. Finding a reliable lender will be simplified by the Bank-ua online loan comparison service. Here are the best, current offers that meet the needs of different categories of borrowers.
Information about our partners
| MFO | Contacts | Legal information |
| CCloan | Telephone: 0 800 750 027 38 097 583-11-77 38 093 583-11-77 38 044 222-77-33 E-mail: help@ccloan.com.ua Work schedule: around the clock | Address: Ukraine 01024, Kyiv, str. Basina, building 6 Legal name: TOV “SS Lone” EDRPOU 40071779 License of the National Financial Service Commission: No. 1127 dated April 13, 2017. Director: Natalya Valentynivna Klevakina |
| in Milo | Telephone: 38 (044) 337 36 67 E-mail: info@miloan.ua Work schedule: Issuance of loans – around the clock, Support service – From 8:00 a.m. to 8:00 p.m | Address: Kyiv, Baggovutivska, building 17-21 Legal name: LLC “Miloan” EDRPOU 40484607 License of the National Financial Service Commission: No. 163 dated January 26, 2017 Director: Vynychenko Oleksiy Vitaliyovych |
| Moneyveo | Telephone: 0 800 21 9393 E-mail: support@moneyveo.ua Work schedule: around the clock | Address: 01015, m. Kyiv, 15-B Leiptsyzka Street, 1st floor Legal name: OOO “MANIVEO QUICK FINANCIAL ASSISTANCE” EDRPOU 38569246 License of the National Financial Service Commission: No. 163 dated January 26, 2017 Director: Andronikova Olena Oleksandrivna |
| Alexcredit | Telephone: 38 (099) 618 64 64 38 (097) 618 64 64 38 (093) 618 64 64 E-mail: mail@alexcredit.com.ua Work schedule: Loans are issued around the clock Contact center: Mon – Fri from 8:00 a.m. to 8:00 p.m. Sat and Sun from 10:00 to 20:00. | Address: 49041, Dnipro, st. Yakov Samarskyi, 12-A Legal name: LLC “ALEKSKREDIT” EDRPOU 41346335 License of the National Financial Service Commission: No. 3549 dated August 17, 2017 Director: Egorov Vadim Petrovych |
| MyCredit | Telephone: 073 369 41 11 067 369 41 11 050 369 41 11 0 800 214 111 E-mail: support@mycredit.ua Work schedule: around the clock | Address: 01010, Kyiv, square Arsenalna, 1-B Legal name: LLC “1 Secure Agency of Necessary Credits” EDRPOU 39861924 License of the National Financial Service Commission: No. 163 dated January 26, 2017 Director: Stenzya Dmytro Vitaliyovych |
| CreditKasa | Telephone: 38 044 333 52 22 38 067 373 37 57 38 099 373 37 57 38 063 373 37 57 E-mail: info@creditkasa.ua Work schedule: weekdays from 8:00 a.m. to 9:00 p.m weekends and holidays: from 10:00 to 20:00 | Address: 01133, Kyiv, blvd. Lesi Ukrainka, 26, office. 407 Legal name: LLC “UKR CREDIT FINANCE” EDRPOU 38548598 License of the National Financial Service Commission: No. 2401 dated 06/08/2017 Director: Maria Mykolaivna Hayvoronska |
| CreditPlus | Telephone: 0 (800) 753-363 E-mail: info@creditplus.ua Work schedule: Issuance of loans around the clock Support service hours: Mon-Fri: 8:00 a.m. to 11:00 p.m Sat-Sun: from 9:00 to 21:00 | Address: 03062, Kyiv, Prospekt Peremogy 90-A Legal name: LLC “Aventus UKRAINE” EDRPOU 41078230 License of the National Financial Service Commission: No. 756 dated 03/28/2017 Director: Volodymyr Viktorovych Dovhal |
| Goufingou | Telephone: 38 (044) 390 30 31 E-mail: info@gofingo.com.ua | Address: 04071, Kyiv, Horiva St., 1A Legal name: LLC “GOUFINGOU” EDRPOU 42059219 License of the National Financial Service Commission: No. 876 dated 06/07/2018 Director: Ivashchenko Iryna Viktorivna |
| Fast Money | Telephone: 0 800 50 10 20 E-mail: info@sgroshi.com | Address: 01032, Kyiv, str. Saksaganskyi, 133-A Legal name: LLC “CONSUMER CENTER”, EDRPOU 37356833 License of the National Financial Service Commission: No. 438 dated February 28, 2017 Director: Oleksandr Volodymyrovych Kholod |
| There is money | Telephone: 0 800 300 330 Email: info@e-groshi.com Work schedule: around the clock | Address: m Dnipro, Bohdan Khmelnytskyi Avenue, building 180, office (Sq.) 211 Legal name: LLC “FINANCIAL COMPANY E MONEY” EDRPOU 43067861 License of the National Financial Service Commission: No. 1968 dated 08.10.2019 Director: Koretskaya Iryna Serhiivna |
| Your Cash | Telephone: 0800 202 404 E-mail: zayavka@limefin.com Work schedule: from 8:00 a.m. to 10:00 p.m. without days off | Address: MYKOLAIV, Pushkinska, building 28, office (Sq.) 7 Legal name: LLC Lime Capital EDRPOU 41885310 License of the National Financial Service Commission: No. 793 dated May 7, 2019 Director: Galina Volodymyrivna Lebedeva |
| Wallet | Telephone: +38 (044) 334 44 20 E-mail: info@koshelok.net | Address: 08135 Kyiv region, Kyiv-Svyatoshinsky district, Chaika Antonov, building 8A Legal name: LLC “KOSHELOK” EDRPOU 40842831 License of the National Financial Service Commission: No. 432 dated 28.02.2017 Director: Serhiy Serhiyovych Krylov |
| CashBerry | Telephone: 0 800 600 770 E-mail: info@cashberry.com.ua Work schedule: Monday – Friday: 08:00 – 20:00 Sat – Mon: 09:00 – 18:00 | Address: Kyiv Klovsky Uzviz, b. 7, office (Sq.) Room 103 Legal name: LLC “Financial company Invest Finance” EDRPOU 40284315 License of the National Financial Service Commission: No. 1680 dated 05/16/2017 Director: Kupriyanov Maksym Serhiyovych |
| Credit7 | Telephone: 0 800 33 07 33 E-mail: info@credit7.ua Work schedule: Mon-Fri: from 9:00 a.m. to 9:00 p.m Sat-Sun: from 9:00 to 19:00 | Address: 02081 Kyiv, Dniprovska naberezhna, 25, office (Sq.) 318 Legal name: LLC “LINEURA UKRAINE” EDRPOU 42753492 License of the National Financial Service Commission: FC certificate No. 1177 dated 03/19/2019 Director: Shchenichny Andriy Ivanovych |
| Forzacredit | Telephone: 0800300770 Work schedule: around the clock 24/7 | Address: 04080 Kyiv, Vikentia Khvoyki, 15 / 15 Legal name: LLC “FC” FORZA “EDRPOU 41762679 License of the National Financial Service Commission: No. 559 dated 04/13/2018 Director: Natalia Chebanova |
| KF.UA | Telephone: 0 800 30 08 83 Work schedule: around the clock | Address: 04080 Kyiv, Vikentia Khvoyki, 15 / 15 Legal name: LLC “FC” FORZA “EDRPOU 41762679 License of the National Financial Service Commission: No. 559 dated 04/13/2018 Director: Natalia Chebanova |
| Money4you | Telephone: 0 800 330 024 E-mail: info@money4you.com.ua Work schedule: Mon-Fri: 09:00-20:00 Sat-Wed: 10:00-20:00 | Address: 03150 Kyiv, Kazimyra Malevicha, building 87 Legal name: LLC “Manifo” EDRPOU 42848369 License of the National Financial Service Commission: No. 1198 dated 05/07/2019 Director: Oleg Vasylovich Kuzminov |
| SOS Credit | Telephone: (044) 36 36 767 0 (800) 211 767 E-mail: support@sos-credit.com.ua Work schedule: from 9:00 to 18:00 (weekdays) | Address: 23, Pochaynynska, Kyiv, 04070 Legal name: LLC “SOS KREDIT” EDRPOU 39487128 License of the National Financial Service Commission: No. 163 dated January 26, 2017 Director: Timofeev Yaroslav Andreyovych |