New Loans Online

There are several dozens of MFIs operating in Ukraine that have a license from the National Bank. Some of these companies are local: they issue loans only in certain regions. Some of them work all over the country. Some have only a website, others have real branches.

However, the market of microcredit organizations continues to grow – new MFIs appear every year.

Why are new MFIs so interesting to the client?

Because they offer better credit terms.

This is done to attract customers. Since the competition in the field of lending is far from weak, organizations have to do something to attract users, something to stand out among companies that are already well-known.

And there is no easier way to do this than to offer more favorable credit terms. Therefore, MFIs often offer:

• a loan at a lower %;
• bonuses for newcomers and regular customers;
• interest-free loans to new customers.

The last option is particularly interesting. When taking out a loan at 0%, the client does not overpay for the lending service. That is, he takes a conditional UAH 3,000 from the MFI, and returns the same UAH 3,000. In addition, you will have to pay only for commissions when withdrawing cash from an ATM, and for transferring money when you repay the loan.

The MFI itself does not gain anything from the interest-free option – since its profit depends precisely on interest. And the client benefits. Moreover, even for a short-term loan of several thousand, interest-free will allow you to save more than one hundred hryvnias.

Where to find new MFIs that issue loans at a favorable interest rate?

Independently looking for new MFIs that offer the most favorable conditions is not an easy task, and it will take a lot of time. But it is not necessary to spend extra hours searching – Bank-ua has compiled a list of microcredit organizations.

Thanks to this, you can find descriptions, conditions and links to the sites of new MFIs in one place, and quickly choose the most profitable option among them. Moreover, the help of Bank-ua is free and does not require registration. That is, instead of independent long searches, you spend a few minutes, a few clicks of the mouse – and you already find yourself on the website of the MFI with the most successful offer.

New loans online – benefits of the service

New online loans have a whole range of advantages, both for the borrower and for the financial sphere of Ukraine in general. What are the advantages:

• expanding the availability of credit. People who apply for money for the first time and have no experience of cooperation with banking institutions receive favorable conditions for meeting their needs or business development. Specialists at new MFIs will explain in detail what is needed to take out a new loan, will offer favorable conditions for the client’s specific requests;
• innovative approach. New loans are the maximum implementation of innovative developments and technologies for quick provision of financial loans. With its help, you can quickly form a database, get the necessary data and formalize cooperation. The borrower receives a high level of service, new, innovative products and services quickly and conveniently;
• reduction of overhead costs. A microfinance organization has lower costs than a traditional bank, which makes it possible to obtain a lower interest rate and loan commission for the borrower;
• social mission. The new online loan is help for low-income segments of the population. A person can easily get financial support, achieve the necessary stability in meeting basic needs, which has a positive effect on the economy as a whole;
• increased competition and better offers for customers. Online credit of new MFIs is the appearance on the market of new financial institutions that stimulate competition, innovation, and new solutions for clients.

Microfinance organizations are able to close gaps in the lending market, provide a modern approach and create competition for well-known institutions, with better service and favorable offers.

Loan online new MFI – an option to improve credit history

New organizations are the borrower’s chance to significantly improve his credit history. Is this happening?

1. reports Individual institutions may report to credit bureaus. The behavior of borrowers and faster debt repayment can positively affect the rating and become a bonus in obtaining subsequent loans.
2. Financial literacy. Managers provide detailed information about loans, conditions, legal basis, recommendations on how to effectively manage finances and other basic knowledge that will help to make competent financial decisions.
3. Loans for everyone. Even in the absence of a credit history or the need to improve it – a loan is available for legal entities and individuals.

How to apply for a loan at a new MFI?

The procedure for issuing a microloan at an MFI through Bank-ua looks like this:

1. On the main page of Bank-ua, select the “New online loans” section.
2. In the list of offers that appears, choose the most profitable one.
3. Go to the website of the selected MFI.
4. Register a profile. To register, you will need an e-mail address and a Ukrainian number.
5. We confirm the registration.
6. We fill in personal data (passport, contact information, in some MFIs – they may also request data about work or other sources of income).
7. We choose the amount we want to receive and the number of days for which we plan to repay the loan. Usually, MFIs are ready to issue up to 3-5 thousand UAH for clients, and for a period of up to 15-30 days.
8. We are waiting for your application to be considered and a decision will be made based on it. If you do not have outstanding overdue loans, if you have filled in all the data correctly, then it is highly likely that it will be approved: rejections in the MFI are rare, and are possible only for a serious reason.
9. We tie the map. A card of any Ukrainian bank that can be used to receive transfers from other people will do (that is, a student card, pension card, or salary card will not work).
10. The contract will be sent to the e-mail box. Be sure to read this document – it contains the terms of lending.
11. Confirmation of agreement with the contract (by sending an SMS).

The matter is done – the loan is issued. Usually, the transfer is sent within a few minutes after “signing” the contract via SMS. You can track the status of the loan (the remaining amount and the number of days until repayment) in your personal account on the MFI website.

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