Credit online to your card

In the conditions of a difficult financial situation in the country, it is quite difficult to get a loan from a bank. For getting online loan will have to collect a whole package of documents, including a certificate of income of the borrower. In the event that the client does not have a stable official job, that is, he does not officially employed, it is not possible to obtain such a certificate. Yes, and "fool around" for the sake of few people want a loan of several thousand tenge. The resulting niche was quickly occupied by MFIs - microfinance organizations specializing in issuing short-term microcredits to the population on simplified terms.

How to apply for a credit card online in the Philippines?

Applying for a credit card at an MFI is not difficult. Individuals who can take a loan from an MFI have reached the age of eighteen, have received a passport, have a bank card and a mobile phone.

In order to borrow money from an MFI, it is not at all necessary to visit the office of the office. Lending can be done remotely online at any time of the day or night, any day. For this you need to visit the MFI website, go through a simple registration, fill out a questionnaire and an application in which indicate the amount of the loan and the term of the loan.

The client's application will be processed automatically, checked at the credit conditions bureau, and within A decision will be made on this application in 15-20 minutes. In the event that an Internet loan is approved, the customer will receive credit on the card within 1 hour or sooner.

Where can I get microcredit?

Microcredit can be issued in different MFIs. Currently, the short-term lending market is several hundred different organizations. It is enough to choose the best option among such a wide variety not easy.

In each of these organizations, you can apply for a loan within 10-60 minutes for a period of 2 days to 365 in the amount of 500-20 000 PHP. Many MFIs issue the first loan at 0.01%, and the client actually has to return only the body of the loan with symbolic interest. Subsequent loans will have to pay 1.5-2% per day of the loan amount taken.

How to apply for a microloan in FinaGuru?

One of the most favorable conditions for microcredit is presented in FinaGuru MFI. Here you can apply microcredit within 15 minutes for up to 20,000 PHP and for up to 91 day. For this you need to visit the official website of the organization ph.fina.guru, go through a simple procedure registration on the site, indicate your contact details, fill out an application and wait for a decision on it.

The received loan must be repaid on time, if this is not done, the borrower will be imposed penalties, for each day of delay a penalty will be charged, and the amount of the fine itself may reach half the amount of the loan.

For the duration of martial law and within thirty days after its termination or cancellation, the consumer will not be liable to the creditor in case of delay in fulfilling obligations under consumer credit. If such a delay is allowed, the consumer is released, in particular, from the obligation to pay to the creditor a penalty (fine, penalty fee) and other payments, the payment of which is provided for consumer loan agreement for late performance (non-performance, partial performance) consumer obligations under such an agreement.

Should I use the services of an MFI?

Almost any citizen of the Philippines who has a passport, telephone and bank card can take a loan from an MFI. Approximately 90% of applications submitted to MFIs are approved and loans are issued for them. It is clear that a fairly large part of these microloans is problematic. MFI administrations are fighting evil defaulters, this struggle is not easy, not always ends with success. Therefore, MFIs are insured against high risks by high interest rates.

If you need money for a longer period, you should consider lending in the classic form - in the bank. However, this is not always possible, since the percentage of bank refusals on loan applications sometimes reaches 50%. Banks very carefully check the solvency of the borrower, and if it causes suspicions, credit will be denied. Therefore, most often the MFI is the only source of money in duty.

What to do if you do not pay back the loan on time?

Before applying for a loan at an MFI, you should carefully consider your financial capabilities and carefully study Rules and conditions of microcredit in a particular organization: Many MFIs provide an opportunity repeated prolongation of the taken microloans with the condition of repayment of current interest. Of course it's not solves the root of the problem, but gives time to solve their financial problems. In some cases, MFIs goes towards the borrower and makes it possible to refinance the previously taken loan. If the client is not confident in his financial capabilities, he must select the appropriate organization in which to will resolve "amicably" the issue of late repayment of the loan taken.

What is the loan rate?

Today, the lending rate is only 0.01%/day.

Conclusion

MFI is a convenient alternative to bank lending. In an MFI, you can quickly issue a small microcredit, providing only a small set of documents. Socially disadvantaged people can get loans strata of the population. All these amenities come at a very high interest rate. credit.