Where and under what conditions can you get a loan from the age of 18?
An important factor when obtaining a loan is the age of the borrower. The optimal range is from 21 to 55 years. If you are older or younger, it will be much more difficult to get a loan from a bank: some loan products may not be available at all, or the conditions for them will be worse, or there will be more requirements for the borrower.
When choosing a loan at 18 years old, the optimal solution would be an MFO (microfinance organization). This is a way to get a loan online on a card, without certificates, guarantors, or collateral. All you need is a passport, identification code, bank card and phone number. And, of course, access to the Internet to fill out an application. At the same time, you should calculate your financial capabilities to close the debt on time and minimize the risks of ruining your credit history in the future.
Is it difficult to get a loan from the age of 18, and why?
Despite the fact that 18 years is considered the age of majority, and a citizen is considered a full adult, in terms of mentality, character and behavior, he is often still a child who does not realize all the responsibility that is entrusted to him. Some are still studying at school at the age of 18, the rest are students at institutes, technical schools or colleges.
For banks, this category of citizens is unreliable because:
- there is no permanent and stable job yet (at best, he has a part-time job, or works part-time, and in most cases unofficially);
- does not have a stable income at the average level;
- does not have a credit history (which indicates how the client has repaid loans in the past);
- more emotional, unpredictable, prone to rash actions;
- may prioritize personal problems (for example, a guy at 18-20 years old, due to a failure at a session, may completely forget about the loan he took out, or may not have time to earn money to repay it).
For these reasons, banks do not always agree to issue loans to young people. And if they do agree, these are usually education loans that must be approved by parents.
Which companies issue loans from the age of 18?
Most young people (both boys and girls) experience a frequent (or even constant) lack of money in their youth. If a situation arises when you need them very urgently, you can contact an MFO. Microfinance organizations work with clients over the age of 18 – that is, their minimum level is lower than in banks.
Additional benefits:
- no need to collect a large package of documents – you only need a passport and Taxpayer Identification Number;
- official employment and income at some level are not required (they will ask you about your job, source and amount of income, but they will not focus on this and require a certificate). Loyal conditions provide the opportunity for profitable lending without certificates and guarantors;
- the loan is issued in virtually 1 hour (and sometimes even faster). Applying for a loan is as simple as possible – online, via the Internet and to a bank card;
- obtaining a loan is possible 24/7, without weekends or holidays. If funds are needed urgently, they can be obtained both day and night.
The only important nuance is lowered loan limits. Ukrainian microfinance organizations usually issue money for a period of up to 30 days and in an amount of up to UAH 10,000 upon first application. For clients aged 18-20 years, these figures may be slightly lower (especially if this is a student, and not just a young person who already has official employment).
How to get a loan online from the age of 18?
It is most profitable to apply for an online loan service for 18 years in Ukraine at a microfinance organization. This is a simple process that does not require much time to collect documents, certificates and search for guarantors. The choice of microfinance organizations in Ukraine is huge; you can choose the best conditions for a specific request.
The process for receiving funds is almost the same. It goes through the following sequential steps:
- Choose an MFO based on its reputation for the conditions that the organization offers;
- Registration on the site, filling out a simple form with personal information (full name, phone number, email address, passport details), entering the required amount and repayment terms;
- Waiting for a response from the microfinance organization can be either in the form of a call from the manager or automatic sending of messages.
Are there any requirements for borrowers? A frequent question from people who are 18 years old or older trying to get a loan online. This could be a student without official employment, a mother on maternity leave, or the unemployed. The loan is available even to people with bad credit. Most microfinance organizations do not require additional certificates, guarantors, or collateral; you just need to provide your passport details and TIN.
What may be the purpose of obtaining a loan:
- closure of household needs;
- purchase of equipment and electronics;
- celebration of events: weddings, birthdays, etc.;
- repair work in the house, need for car maintenance;
- rest.
If it is not possible to repay the loan on time, you should use the extension service – this is an option to extend the loan payment period by 10-30 days when it is not possible to make the payment on time due to unforeseen circumstances. Although it is better to pay off the debt at least partially to confirm solvency and subsequent approved loans in the future.
Quick loan online from 18 years old?
In order for the money to arrive on your card as quickly as possible and at the right time, you should follow simple recommendations:
- Fill out the application carefully, avoid mistakes and enter only reliable data. The system checks the information in the database. But you should not try to hide previous loans, this may cause a longer consideration of the application;
- send requests to several microfinance organizations at once and choose the best conditions offered;
- receiving funds to a card, which makes it possible to quickly process the payment. Some banking institutions may take several days to process such a transfer, although the MFO itself makes such a payment immediately.
In order not to waste time searching for trusted microfinance organizations, the Bank-ua platform was created. Here you can find institutions that have a license and offer a variety of offers, and this is an opportunity to select them for a specific request.
List of companies issuing loans from 18 years of age
If you don’t want to waste time and effort on your own, comparing conditions from dozens of microfinance organizations, but still want to find the most profitable option, you can find all the necessary information on the Bank-ua website. This is a free online loan comparison service. Here are the conditions from several dozen proven and reliable Ukrainian microfinance organizations that are ready to work with clients over the age of 18.
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 Email: help@cloan.com.ua Schedule: around the clock | Address: Ukraine 01024, Kiev, st. Baseinaya, building 6 Legal name: LLC “SS Lawn”, EDRPOU 40071779 License of the National Financial Services Commission: No. 1127 of 13.04.2017 Director: Klevakina Natalya Valentinovna |
Miloansky | Telephone: 38 (044) 337 36 67 Email: info@miloan.ua Schedule: Issuance of loans – around the clock, Support service – From 8:00 to 20:00 | Address: Kyiv, Baggovutovskaya, 17-21 Legal name: LLC “Miloan” EDRPOU 40484607 License of the National Financial Services Commission: No. 163 of 26.01.2017 Director: Vinichenko Alexey Vitalievich |
Maniveo | Telephone: 0 800 21 9393 Email: support@moneyveo.ua Schedule: around the clock | Address: 01015, Kiev, Leiptsigskaya street, 15-B, 1st floor Legal name: LLC “MANIVEO FAST FINANCIAL ASSISTANCE” EDRPOU 38569246 License of the National Financial Services Commission: No. 163 of 26.01.2017 Director: Andronikova Elena Alexandrovna |
Alexcredit | Telephone: 38 (099) 618 64 64 38 (097) 618 64 64 38 (093) 618 64 64 Email: почта@alexcredit.com.ua Schedule: Issuance of loans – around the clock Contact center: Mon – Fri from 8:00 to 20:00. Sat. and Sun from 10:00 to 20:00. | Address: 49041, g. Dnipro, it. Yakov Samarskogo, 12-A Legal name: LLC “ALEXCREDIT” EDRPOU 41346335 License of the National Financial Services Commission: No. 3549 of 17.08.2017 Director: Egorov Vadim Petrovich |
MyCredit | Telephone: 073 369 41 11 067 369 41 11 050 369 41 11 0 800 214 111 Email: support@mycredit.ua Schedule: around the clock | Address: 01010, Kyiv, sq. Arsenalno, 1-B Legal name: LLC “1 Safe Agency of Necessary Loans” EDRPOU 39861924 License of the National Financial Services Commission: No. 163 of 26.01.2017 Director: Stensiya Dmitry Vitalievich |
Credit Bank | Telephone: 38 044 333 52 22 38 067 373 37 57 38 099 373 37 57 38 063 373 37 57 Email: info@creditkasa.ua Schedule: awake with 8:00 a.m. to 9:00 p.m Weekends and holidays: from 10:00 to 20:00 | Address: 01133, Kiev, blvd. Lesya Ukrainki, 26 407 Legal name: LLC “UKR CREDIT FINANCE”, EDRPOU 38548598 License of the National Financial Services Commission: No. 2401 of 08.06.2017 Director: Gaivoronskaya Maria Nikolaevna |
CreditPlus | Telephone: 0 (800) 753-363 Email: info@creditplus.ua Schedule: Issuance of loans around the clock Support hours: Mon-Fri: from 8:00 to 23:00 Sat-Sun: from 9:00 to 21:00 | Address: 03062, Kiev, Pobeda Avenue 90-A Legal name: LLC “Aventus UKRAINE”, EDRPOU 41078230 License of the National Financial Services Commission: No. 756 of 28.03.2017 Director: Dovgal Vladimir Viktorovich |
Goufingou | Telephone: 38 (044) 390 30 31 Email: info@gofingo.com.ua | Address: 04071, Kyiv, Goriva St., 1A Legal name: LLC “GOFINGOU”, EDRPOU 42059219 License of the National Financial Services Commission: No. 876 of 07.06.2018 Director: Ivashchenko Irina Viktorovna |
FastMoney | Telephone: 0 800 50 10 20 Email: info@sgroshi.com | Address: 01032, Kyiv, st. Saksaganskogo, 133-A Legal name: LLC “CONSUMER CENTER”, EDRPOU 37356833 License of the National Financial Services Commission: No. 438 of 28.02.2017 Director: Kholod Alexander Vladimirovich |
E-Money | Telephone: 0 800 300 330 Email: info@e-groshi.com Schedule: around the clock | Address: Dnepr, Bogdan Khmelnitsky Avenue, 180, office. (Sq.) 211 Legal name: LLC “FINANCIAL COMPANY E MONEY” EDRPOU 43067861 License of the National Financial Services Commission: No. 1968 of 08.10.2019 Director: Koretskaya Irina Sergeevna |
Your Cash | Telephone: 0800 202 404 Email: zayavka@limefin.com Schedule: from 8.00 to 22.00 seven days a week | Address: NIKOLAEV, Pushkinskaya, building 28, office. (Sq.) 7 Legal name: Lime Capital LLC EDRPOU 41885310 License of the National Financial Services Commission: No. 793 of 07.05.2019 Director: Lebedeva Galina Vladimirovna |
Wallet | Telephone: +38 (044) 334 44 20 Email: info@koshelok.net | Address: 08135 Kiev Region, Kiev-Svyatoshinsky district Chaiki Antonova, 8A Legal name: LLC “WALLET” EDRPOU 40842831 License of the National Financial Services Commission: No. 432 of 28.02.2017 Director: Krylov Sergey Sergeevich |
CashBerry | Telephone: 0 800 600 770 Email: info@cashberry.com.ua Schedule: Monday – Friday: 08:00 – 20:00 Sat – Mon: 09:00 – 18:00 | Address: Kyiv Klovsky Spusk, 7, of. (sq.) Room 103 Legal name: LLC “Financial company Invest Finance” EDRPOU 40284315 License of the National Financial Services Commission: No. 1680 of 16.05.2017 Director: Maksim Sergeevich Kupriyanov |
Credit7 | Telephone: 0 800 33 07 33 Email: info@credit7.ua Schedule: Mon-Fri: from 9-00 to 21-00 Sat-Sun: from 9-00 to 19-00 | Address: 02081 Kyiv, Dneprovskaya embankment, 25, office. (Sq.) 318 Legal name: LINEURA UKRAINE LLC, EDRPOU 42753492 License of the National Financial Services Commission: Certificate FC No. 1177 dated March 19, 2019 Director: Pshenichny Andrey Ivanovich |
Forzakredit | Telephone: 0800300770 Schedule: around the clock 24/7 | Address: 04080 Kyiv, Vikentia Khvoiki, 15/15 Legal name: LLC “FC” FORZA “EDRPOU 41762679 License of the National Financial Services Commission: No. 559 of 13.04.2018 Director: Chebanova Natalya Vasilievna |
KF.UA | Telephone: 0 800 30 08 83 Schedule: around the clock | Address: 04080 Kyiv, Vikentia Khvoiki, 15/15 Legal name: LLC “FC” FORZA “EDRPOU 41762679 License of the National Financial Services Commission: No. 559 of 13.04.2018 Director: Chebanova Natalya Vasilievna |
Money4you | Telephone: 0 800 330 024 Email: info@money4you.com.ua Schedule: Mon-Fri: 09:00-20:00 Sat-Wed: 10:00-20:00 | Address: 03150 Kyiv, Kazimir Malevicha, no. 87 Legal name: LLC “Manifo” EDRPOU 42848369 License of the National Financial Services Commission: No. 1198 of 07.05.2019 Director: Kuzminov Oleg Vasilievich |
SOS loan | Telephone: (044) 36 36 767 0 (800) 211 767 Email: support@sos-credit.com.ua Schedule: with 9:00 a.m. to 6:00 p.m. (waking hours) | Address: 04070 Kyiv, Pochayninskaya, 23 Legal name: LLC “SOS CREDIT”, EDRPOU 39487128 License of the National Financial Services Commission: No. 163 of 26.01.2017 Director: Timofeev Yaroslav Andreevich |