Fast Credit to the Card

Often unpredictable circumstances arise in life when you need money on your card quickly. Where can I get a profitable loan urgently, what are the conditions for such lending and how to find optimal conditions from a financial institution?

Where can I profitably get a quick loan on a card?

When a person applies for a loan, he probably wants to get money as quickly as possible. In some situations, you can still wait – when there is time to spare. For example, when you take out a large amount of money to purchase a home with a mortgage, or when you buy a car. In such cases, you can wait at least an extra week – it will still take a lot of time to collect documents and search for the object.

But when it comes to loans of small amounts for current expenses, the opposite is true: you want to receive money without delay, as quickly as possible.

Quick loan to card: features

A loan without refusal to a personal account quickly and urgently is a consumer type of lending. Receiving it from a banking institution involves collecting the relevant documents. But when you need a quick loan on a card for your salary, to buy equipment, pay for utilities and other minor expenses, the best option is to choose an MFO. This is a good way for individuals to receive funds urgently, at any time of the day. Institutions operate in accordance with the legislation of Ukraine and have licenses for their activities.

The main features of MFOs are the speed and availability of lending. These are small amounts for a short time.  

Which companies issue quick loans on cards?

Any bank will issue a loan to a person only after a serious check. At best, one review of an application will take several hours (but in practice you have to come to the department the next day, or even a few days later). And this is not counting other hassles associated with receiving: collecting documents, going to a bank branch, waiting in line. In fact, it turns out that you can spend several full working days (after all, the bank works on weekends) to obtain a bank loan.

But there are other organizations where you can get a loan much faster and easier. We are talking about MFOs. There are more than one or two dozen such companies operating in Ukraine – microcredit services are quite common among the population.

Advantages of getting a quick loan on a card from an MFO

A loan on a card quickly from microfinance organizations is the convenience and accessibility of a loan for people from different social groups. You can take out a quick loan on a card without leaving your home, this is a significant advantage, as well as a number of other advantages that distinguish an MFO from a banking institution:

• this is the fastest loan on a card; Application processing may take from 5 minutes to 1 hour;
• minimum requirements and package of documents. All adult citizens of Ukraine can receive a loan only if they have a passport, identification code, or bank card;
• Once the application is approved, the money is immediately credited to the borrower’s account;
• no certificates of income or guarantors are required. Students, pensioners, mothers on maternity leave, the unemployed and other vulnerable groups can quickly get a loan on a card;
• low failure rate. The loan is available for bad credit history, when banking institutions have already refused. The approval rate is over 90%;
• no need to waste time visiting the bank, registration takes place online;
• 24-hour operation of MFOs allows you to receive money at any time, at night or on holidays;
• Convenient debt repayment in different ways: in your personal account, through a card, banking, terminal, cash desk.

Under what conditions is a quick loan issued on a card?

In different microfinance organizations, the conditions for issuing quick loans may vary slightly. For your reference, here are the averaged data:

1. Repayment period: up to 30 days. If a client applies to the same microfinance organization repeatedly, the repayment period may be increased to 45-60 days (but not all companies do this).
2. Maximum loan amount: up to 10,000 UAH. They can also improve conditions for regular customers by raising the ceiling to 15-20 thousand.
3. Extension: possible. If the client realizes that he cannot repay the debt on time, he can contact the microfinance organization and ask to extend the deadline. Usually the company will accommodate you halfway and may extend the period (maximum by the same number of days that was initially approved).
4. Documents required include the original passport and TIN. No other certificates will be required, but without official confirmation you will be asked about your place of work and the amount of your income.

MFOs will not require certificates or guarantors, but some companies may ask you to leave the collateral (in some cases this is mandatory, in others it is done at the request and capabilities of the client).

The process of receiving funds is very simple, and takes on average 1 hour upon first application. The client first needs to register on the MFO website (if applying via the Internet), then fill out an application (indicating contact and personal information, amount and repayment period), attach photos of documents. If the application is filled out correctly and the client can be issued a loan, all that remains is to confirm the card, read and confirm agreement with the loan agreement, and 5-10 minutes after confirmation, receive the transfer.

List of companies issuing quick credit cards

Since there are a large number of MFOs operating in Ukraine, it can take a long time to choose a company on your own. And it’s not a fact that as a result you will make the right choice and find the most favorable conditions.

It’s easier to do this: choose an MFO through Bank-ua. This is a free service for quickly comparing Ukrainian microfinance organizations. Here you will find a selection of verified MFOs with a brief description of their main conditions.

You can get a quick loan on a Ukrainian card in a few simple steps:

1. Select the optimal conditions from microfinance organizations on the Bank-ua online loan comparison website. There is no single system of conditions or age restrictions; organizations set them individually. To quickly search, you can use the filter system.
2. Go to the website of the selected lender and read in detail the terms and conditions of the loan. You can use a loan calculator to calculate the amount of payments, interest;
3. Fill out the online application by entering the required personal data. Carefully check the form for errors. Submit the form for finishing;
4. Wait for notifications about loan approval and funds being credited to the card.
5. You can use the loan immediately, withdraw cash, pay for goods and services.
6. Don’t forget to pay off your debt on time.

Even with a small amount of the first loan, it is important to pay off the debt on time. This will allow you to get a larger loan without refusal to your personal account quickly and urgently next time. 

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