The most profitable loans are in bank branches, but sometimes it is very difficult to get them. An alternative is to contact microfinance organizations (MFOs). They offer smaller amounts (compared to a bank), but issue them much faster and easier.
Where can you quickly get profitable loans?
Advantageous loans are the field of activity of banks, which can issue loans at relatively low interest rates and with a long repayment period. On average, the bank issues even small loans for 6-12 months, which microfinance organizations cannot afford.
However, MFOs are famous for something else – minimum requirements for the client and quick loan processing. Their interest rate is higher, but in other respects they are much more profitable than banks. MFOs also have relatively high fines for late repayments.
The main requirements for clients in MFOs are to be over 18 years old (some companies work with clients over 21 years old) and have a Ukrainian passport. These are all the criteria – they will not require a certificate of income, they will not require collateral and a guarantor.
You can find profitable loans using the FastCredit online service. This service allows you to compare all the popular and sought-after financial organizations in Ukraine that provide the most profitable loans to the population.
Is it easy to get a favorable loan from a bank?
Banks are known for providing favorable loans (with low interest rates). They are also the only ones who can lend a large amount of money over the long term. Convenience is especially noticeable if the client takes out a large loan (for example, to buy a car or an apartment).
But this is where the advantages of banks end. In terms of the speed of issuing money, they are inferior to microfinance organizations, and their requirements are much higher. Not everyone can get a bank loan (any kind at all, even for a small amount). If you are going to apply for a favorable bank loan, you must meet a number of conditions. The simplest of them are:
- be over 24 years old, but not older than 35-40 years old (the upper limit depends on the amount; if you need a small loan, the bank can issue it to an older person);
- have official employment with at least 6 months of experience at your last place of work (an important nuance, since in our country more than one million able-bodied citizens work unofficially);
- have an official income at least at the average level, or better;
- provide collateral and/or a guarantor.
It turns out that a bank loan is a very complex and lengthy process.
And microfinance organizations issue loans with ease, but with a small limit on the amount. Usually the limit is 10-20 thousand hryvnia, but some microfinance organizations can issue up to 100,000 hryvnia (available only to regular clients).
In what situation should you apply for a profitable loan from an MFO?
Despite the lower benefits in terms of interest rates, MFOs are still better than banking organizations, especially in terms of microcredit. This will be especially noticeable when the client needs an urgent microloan with minimal requirements. Such a need may arise in some unplanned situation that needs to be resolved right now and for which money is needed. For example, your smartphone is broken, you need to urgently fix it (or buy a new one), but your salary will only be due in a week.
Microfinance organizations do not require collateral, a guarantor or a good credit history/income certificate. You can get a loan without these types of documentation or proof of solvency.
Usually it is enough to provide passport data and identification code; sometimes a contact mobile phone number may be required. The loan is issued very quickly: from the moment you contact the microfinance organization until the moment you receive the funds, usually no more than 30 minutes pass.
You can pay off your debt remotely (by card, terminal or electronic payment systems), by bank transfer or in cash at the branch.
Advantages of lending to microfinance organizations: why are loans profitable?
Microfinance organizations offer really profitable loans – especially if you need to get a small amount for a short period of time. This is not a banking institution that offers a significantly smaller list of requirements for the borrower. Among the advantages of MFOs:
- it is possible to obtain a loan without a certificate of income and proof of employment;
- MFOs work around the clock, seven days a week, seven days a week, and holidays. You can fill out an application at any time, mostly automatically;
- loans are beneficial for receiving small amounts from 100 UAH;
- the time from submitting an application to transferring funds to the card is as short as possible – an excellent way to get an urgent loan for urgent needs;
- favorable loan offers without refusals and even if you have a bad credit history;
- The physical presence of the borrower is not required; the entire interaction process takes place online.
Where and how to get the most profitable loans in Ukraine?
Beneficial loans in Ukraine can be obtained online from anywhere in Ukraine at a microfinance organization. The service is not available in temporarily occupied settlements. Registration is carried out online; all you need is a gadget and Internet access. It doesn’t matter where the borrower is located – Kyiv, Odessa, Dnieper or a small village.
The Bank-ua platform is a service for comparing online loans from different microfinance organizations. On the website of each of them there is a list of settlements from which it is possible to obtain a loan. In order to choose the most advantageous offer, you should pay attention to several aspects that the MFO offers:
- required loan amount;
- requirements for the borrower (age, citizenship, etc.);
- loan repayment period;
- first lending or repeated application to a financial institution.
When applying again, financial institutions often offer even more favorable conditions, a larger amount or longer loan terms. There are attractive offers for new clients, such as a reduced interest rate or even a 0 percent loan.
It is also important to pay attention to debt repayment schedules; penalties and charges, and premature loan repayment are possible.
Loan terms from microfinance organizations can vary, from 1 day to 1 year. It is determined by the organization itself, the number of loans received and the success of their repayment.
If a new client, the loan term is usually much shorter. Yes, a company can check the level of solvency by replacing the request for a certificate of income.
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 |
Miloan | 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, Pobedy 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 |
You can repay the debt remotely (from a card, through a terminal or electronic payment systems), by bank transfer or in cash at a branch.