Loans to Payday

Fast money to the salary on the card

You can get a payday loan from microfinance organizations (MFIs), and this is the most profitable option for such lending. Actually, MFIs were originally created for this type of lending (therefore, they are designed for a repayment period of 30-45 days, but no more).

Payday loan – will help cover basic needs, make the necessary purchases. This is the best option without lengthy approval, collection of references and other documents.

The BANK-UA website presents more than a dozen microfinance organizations with different conditions. Here you can get money to your salary without refusal and to your card, as quickly as possible. The borrower can familiarize himself with the offers on one convenient platform, compare them and choose the solutions that suit him.

Where can I get payday money?

The ideal way to get money before the salary is to apply to microfinance organizations, which were created for this purpose. Theoretically, you can turn to the bank, but the bank is too demanding of the client and often refuses even minimal loans.

In contrast, microfinance organizations have a minimal number of requirements. Usually these are passport data and an identification code. In rare cases, a contact phone number (usually a mobile) may be required.

Microfinance organizations issue loans for up to 30-45 days, which should be quite enough for timely repayment, if the money is taken before the salary. If necessary, the repayment term can be extended by 3-7 days (but with an increased interest rate!).

All MFIs have similar advantages: you don’t need a certificate of income, registration takes up to 20 minutes, and you can get a payday loan in as little as an hour. There is no unpleasant bureaucracy, and rejection rates are significantly lower when compared to banking institutions. But it should be taken into account that when applying for a payday loan for the first time, there may be a limit, for example, up to 15 thousand hryvnias. When applying again, microfinance organizations often increase it to 20-30 thousand.

The main requirements for clients in MFIs:

• Citizenship of Ukraine.
• Adulthood (18 years old, but some MFIs issue loans only to clients who have reached the age of 21).

The easiest way to get money before your salary is to use the Bank-ua portal. Thanks to this service, you can compare all financial organizations of Ukraine that provide this service in a few minutes. On the same portal, you can familiarize yourself with the reviews of real customers about each lender.

Payday money to the card online: features of receiving

Modern microfinance organizations choose high service and maximum satisfaction of clients’ needs. Great competition in the niche encourages you to look for new, profitable offers.

Today, it is no more difficult to get money before your salary on a card online in Ukraine than to order goods on the Internet. When unplanned expenses, illnesses or other unexpected situations occur, the loan service can resolve the issue as quickly as possible.

In order to take out a payday loan, you need access to the Internet using a smartphone, tablet, laptop or PC. From the documents, you will need a passport and an identification code, which are always at hand. And, of course, the desire or motivation to choose favorable conditions from MFIs on the BANK-UA platform.

A special feature is that it is possible to issue and receive payday payments to the card 24 hours a day. The application is approved automatically, in case of independence, it is weekends, holidays, day or night.

Also, the difference of ordering money for salary online is the lack of attachment to the place of residence. Applications from any populated place in Ukraine are considered.

Other features of receiving money before salary on the Ukraine card from the MFI:

• quick processing of the loan. It will take time to choose the optimal conditions of the microfinance organization, go to the site and fill out the application form. Then it is considered – preferably up to 20 minutes and approved. Enrollment takes place within an hour;
• accessibility and simplicity. Filing an application does not require special knowledge or personal presence. References, proof of solvency, guarantors and other conditions put forward by banking institutions are not required. It doesn’t matter if it’s a student. a mother on maternity leave or a pensioner, anyone can take money before salary on the card;
• different ways of receiving funds. MFI works with bank cards of any type: payment, pension, credit and salary cards;
• without reference to the place of residence. It doesn’t matter where the borrower is, Kyiv or Uzhhorod, you can issue a loan from anywhere. Temporarily occupied territories in most MFIs are currently not serviced;
• low interest rate. Mostly it is from 1.3%, although you can get into promotions for new customers and get money before your salary without interest;
• concessions Organizations often provide an opportunity to extend the loan for a certain period upon application by the borrower.

Is the bank suitable for receiving “fast” money before the salary, and why?

Banking organizations are not suitable for payday loans, often refuse to issue loans and have excessive requirements for customers. For example, if the client has a negative credit history, most likely the loan will not be issued.

Problems may also arise in the absence of a certificate of income. But even with all of the listed documents in hand, the client cannot count on a 100% loan. The bank can refuse even “verified” (regular) customers.

Another nuance is the speed of loan processing. If a person needs money for his salary, he definitely wants to get it right now, and not in 3-4 days or more. And the bank may well consider the application as much.

Why is it more profitable and easier to borrow payday money from an MFI?

Microfinance organizations willingly issue “payday loans” without requiring proof of income or good credit history. Even having a negative credit history is not a problem for obtaining a loan from an MFI.

The client needs to provide only passport data and identification code (TIN), sometimes a contact phone number (usually mobile) is also required. The application is reviewed within 5-15 minutes, and immediately after the end of the review, the client has the right to receive money.

The debt repayment period is up to 30-45 days, but most MFIs have the option of extending the repayment period by 3-7 days. However, in this case, the interest rate increases, and for the entire duration of crediting, and not only for “additional days”.

We recommend paying off the debt in a timely manner, and not on the last day. Otherwise, there may be a delay in crediting the creditor due to the imperfection of some payment methods. In particular, stationary terminals.

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