Term Loans to the Card

The best way to get an urgent loan is to contact microfinance organizations (MFOs), which fill out an application in 30-60 minutes. Immediately after completing and approving the application, the client can receive money instantly, both in cash and on a bank card.

Where to get a loan on a card (Ukraine)?

If you need an urgent loan in Ukraine, then the only acceptable option is to contact any microfinance organization. The fact is that MFOs specialize in urgent microloans up to 10-20 thousand hryvnia (depending on the MFO).

Banks are not well suited for urgent microcredit because they can take several business days to process applications. And it will be very annoying to receive a refusal after such a long trial. But banks very often refuse loans, and even a regular customer can be refused. And if we are talking about urgency, then waiting several days is also not advisable.

Microfinance organizations refuse loans extremely rarely, and only for very compelling reasons. More often this is due to the fact that the client has previously overdue a debt with an MFO, or has several “open” loans.

The main requirements for MFO clients are the presence of a Ukrainian passport and age over 18 (for some MFOs over 21) years. Banks usually have more requirements – even in the case of an urgent loan, they may also require a certificate of income.

The free comparison service Bank-ua will help you answer the question of where to get an urgent loan on a card. Using it, you can compare with each other various financial organizations in Ukraine that issue urgent loans on bank cards. This way you can quickly find the best offer.

How quickly are urgent loans issued to a card in Ukraine?

If we talk about the speed of processing the application and issuing money, the results are approximately as follows:

1. In the bank: on average from several hours to several business days. Add to this the time it takes to collect documents and visit a branch (without a personal visit, only a regular bank client can get a loan on a card). Also note that banks will not issue loans outside of business hours.
2. For MFOs: on average from 15 to 60 minutes. If you are a regular customer and submit an application to the same microfinance organization, you can get money in literally 15-30 minutes, since the company does not need to double-check anything. If you have a new client, the procedure may take 30-60 minutes, rarely more. At the same time, keep in mind that you won’t have to spend additional time on anything – you don’t need to collect documents, and you don’t need to come to the department either. And you can get an urgent loan on your card at any time of the day or night, any day of the week.

Therefore, it is better to use banks to obtain large loans for a long period (several months or years). In this regard, there are simply no competitors for banks. Also, do not forget about the bank’s high requirements for the borrower. The requirements are such that the borrower must have a good credit history, a work certificate, and sometimes a guarantor. In some cases, a deposit may even be required.

If we are talking about an urgent loan, when every minute counts, then there are no options: only microfinance organizations.

What are the advantages of an urgent card loan?

Receiving a loan on a card urgently from an MFO allows the borrower to take advantage of a number of advantages of this type of lending:

• speed. In just a few minutes, without personal presence, with access to the Internet, you can get a loan on a card or in cash;
• access. MFOs operate seven days a week, holidays and breaks. Availability of lending 24/7. This allows you to receive finance almost instantly, regardless of the time you fill out the online form. Applications are processed automatically; if the data is entered correctly, the microfinance institution’s response is positive in 95% of applications;
• transparent lending. Almost every microfinance organization publishes a loan calculator on its website. It allows you to calculate the required amount, payments, and see the interest on the loan. This will allow you to avoid hidden charges and unpleasant situations when repaying debt;
• profitable offer. For beginners, organizations often offer interest-free loans. For regular customers, the opportunity to extend the loan payment terms or increase the loan amount;
• choosing a loan The online lending comparison platform allows you to choose the best offer, the required amount and the possible timing of closing the loan. You can specify parameters in the search for microfinance organizations;
• minimum requirements for the borrower. Students, pensioners, the unemployed and other social groups can take out an urgent loan on a card. Requirements for the borrower usually include Ukrainian citizenship, age 18, passport details and identification code, telephone number and bank card. The loan is available to clients with a bad credit history, without income statements and guarantors.

What features does a term loan on a Ukrainian card have?

Choosing a loan from an MFO has two important features – a small amount and a loan term. Unlike a bank, organizations provide smaller loans for several months. At the first application, the borrower can count on only 2000–5000 UAH. But with repeated application and timely repayment of the previous debt, the client can receive about 15,000-20,000 UAH. 

When choosing an MFO, the borrower can independently indicate the required amount and term, or choose an option from a financial institution. It is important to pay attention to the interest rate, because the amount of overpayment depends on it.

How to get an urgent loan on a card through an MFO?

If you are going to take out an urgent loan on a card in Ukraine from an MFO, you need:

1. Through the Bank-ua service, select an MFO with the appropriate conditions. The service does not require registration, its use is free.
2. Follow the link to the website of the selected microfinance organization and register an account by mail or telephone.
3. Fill out your profile (indicate your passport and contact information).
4. Create an application with the required amount and repayment period.
5. Link a card.
6. Confirm the loan contract.

The entire above sequence will take up to 1 hour even for an inexperienced computer user. Immediately after confirming the contract, you will receive money on your card. An urgent loan on a card from an MFO is convenient lending, without wasting time on visiting a bank branch, or taking a long time to collect a package of necessary documents, with access at any time.

The Bank-ua service is an opportunity to choose a microfinance organization with favorable conditions in just a few simple steps.

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