by If you urgently need money, and it is not possible to ask friends or relatives for help, companies that provide loans to the population under certain interest rates come to the rescue. MFIs are microfinance organizations that must have a license and other permits. As this form of lending is becoming increasingly popular in the country, the state has taken control of MFIs’ operations and has repeatedly made changes to the requirements for these organizations.
What Documents Are Required to Obtain a Loan
Although a loan is one of the types of credit, it can be obtained under simpler conditions. Unlike banks, where borrowers are required to provide a complete set of documents from their workplace, MFIs only require three documents as mandatory:
- passport;
- taxpayer identification number;
- SNILS.
To obtain a consumer credit in Zhytomyr, some MFIs may add other documents to this list. You can find out the full list of necessary documents on the website of the chosen microfinance organization.
How to Arrange a Microloan
Today, as the internet has become an integral part of our lives, MFIs have also moved their operations into the virtual space. To apply for a loan, you now don’t even have to leave the house: to receive money with interest, you need to have a computer or another device with internet access at hand.
The chosen MFI’s website has a special form for submitting an online request. When filling out the application, you must indicate your email address, cell phone number, the amount of money you want to borrow with interest, as well as the repayment terms. Within fifteen minutes of completing the application, it will be reviewed, and a response will be sent to the user’s email address. If the company makes a positive decision on this application, the funds will be transferred to the borrower in the way specified when filling out the form, within a few minutes.
A loan is one of the types of credit, so it can be obtained with interest. According to our country’s legislation, MFIs cannot set a daily rate of more than half a percent. Loan repayment is made within the terms specified in the agreement. Any delays will result in penalties, so before submitting the request, it is worth seriously assessing your capabilities.
