Cash Credit Online

You can get an online cash loan from some microfinance organizations (MFOs). In this case, the client fills out an application online and receives the money either upon arrival at the MFO office or by ordering courier delivery of funds to their home.

How to get a cash loan online?

The most common ways to obtain a loan are:

1. Completely remotely: the application is filled out online, and the money is transferred through electronic payment systems or to a card. Such loans are usually issued only by microfinance organizations. In a bank, such a service is available to very few (usually only regular customers who have a card from the bank and have already taken out loans), and not in every company.
2. During a personal visit to a branch of a credit institution: the client comes to the nearest office, fills out an application, waits for a decision and takes the money.

But there is another option: applying for an online cash loan. In this case, the client fills out an application through the website and receives the money personally at the branch or through a courier.

This service can be useful when you need money in cash, but you need to get it as quickly as possible and via the Internet. For example, you have a toothache and need to go to a private clinic. Why private? For example, it is a holiday and public hospitals are closed. Since not every clinic accepts cards, you need money in cash, and you don’t really want to go to an ATM with a bad tooth. In such a situation, an online cash loan will be very useful – you fill out an application through the website, and the money is delivered to the desired address.

Where can I get an online cash loan?

The easiest way to get a cash loan online is to contact microfinance organizations. They specialize in microloans up to 10-20 thousand hryvnia, although some microfinance organizations issue profitable cash loans online up to 50-100 thousand hryvnia.

One of the advantages of most microfinance organizations is the availability of a service for sending loan funds by courier delivery to the client’s home. In some microfinance organizations this is a free service, in others it is a paid service (but the fee is charged only for courier services). Yes, you can comfortably get a cash loan online in Kharkov and other cities.

At the bank, in essence, quick loans are processed this way: first, the client submits an application to receive funds, and if it is approved, he comes to collect the cash. The bank’s ability to take out a cash loan online and transfer to a card also exists, but only for regular and trusted customers. The downside is that banks work with borrowers slowly, and can consider an application from several hours (at best) to several days.

You can most often get a cash loan from a bank using the following scheme: first, get a credit card at the bank, then order a cash loan online on the bank’s website, and then withdraw funds from the nearest ATM.

To get an acceptable loan, you need to have a good credit history and income certificate (preferably from a well-paid job). Otherwise, the bank will either refuse or issue a minimum loan (up to 3-5 thousand hryvnia).

Banks usually do not have funds delivered by courier to a client’s home, but many microfinance organizations offer such a service. However, some microfinance organizations charge a fee, but the cost does not hurt your pockets at all (about 30-50 hryvnia).

How to choose where to get a cash loan online in Odessa and other localities?

The choice of financial institution for obtaining a loan depends on the borrower’s request. 

It is better to choose a bank when:

• a large amount of funds is needed;
• purpose of funds – running a business;
• money is required for a long time;
• you have collected the necessary documents and have a good credit history.

MFO is the best choice:

• if necessary, a small amount for a short period of time;
• need cash quickly;
• there is no certificate of income, guarantors, property secured;
• when your credit history is damaged. 

Advantages of taking a cash loan online from an MFO

An online cash loan from a microfinance organization is an option to receive funds quickly and with a low refusal rate. MFOs operate in Ukraine legally in accordance with the Law “On Financial Services and State Regulation of Financial Services Markets” and cooperation with them is legal. The main thing is to familiarize yourself in detail with the agreement, tax charges, and calculate the amount of payments.

Among the main advantages of having a cash loan online in Ukraine from MFOs are:

• simple design. You can get a cash loan online and fill out a form without leaving your home, regardless of whether it is an online cash loan in Kyiv or an online cash loan in Zaporozhye. Microloans are available in any locality of Ukraine (except for temporarily occupied territories);
• a minimum package of documents and loyal conditions. This is an online cash loan without guarantors, proof of income, with a damaged credit history, for students, pensioners, the unemployed and other vulnerable social groups;
• fast approval. After sending the application, the microfinance organization processes it automatically; if all the data is entered correctly, the whole process will take 15-30 minutes.

Among the disadvantages of applying for a cash loan online at MFOs are high interest rates. They can be calculated in advance using the online loan calculator on the company’s website. You should take into account your financial capabilities in order to repay the debt on time and without penalties. 

For new customers, financial institutions often offer attractive offers, such as online cash loans with low or 0 percent interest. When applying again, the borrower can also receive cooperation bonuses – an increase in the loan amount and an extension of the loan terms.

How and under what conditions can you get a cash loan online from an MFO?

You can choose a cash loan online using the Bank-ua portal, designed for cross-checking between different financial organizations in Ukraine. Using this online service, you can choose the most profitable credit plan for yourself.

Microfinance organizations issue cash loans online on simpler terms. The client only requires passport data and TIN.

An online cash loan application is completed very quickly – in about 15 minutes, and about another 15-45 minutes will be spent on its consideration. Microfinance organizations issue loans up to 50-100 thousand hryvnia (depending on the microfinance organization) for a period of 30-45 days with the possibility of extending it for another 3-7 days.

Information about our partners