Regular jumps in the country's economy and the desire to live "like in Europe" became the reason that Ukrainians gradually got used to living in debt, turning to the bank for the insufficient amount. For some, it has become such a habit that banks have begun to form black lists of negligent borrowers. The reason for getting there can be:
- negligence in relation to the obligations assumed;
- inability to confirm the source of income;
- low credit rating.
If money is needed to satisfy another "want", rejection is easy to survive. But what to do if the reason is serious: emergency treatment, car repair or buying a new refrigerator in the summer? Irresponsible financial behavior will be regretted later, but it can be recovered credit without refusal in a microfinance company. Such services have been popular for more than ten years and are offered everywhere. 
Advantages of MFI loans
Non-banking organizations that offer clients money in debt treat potential borrowers loyally. Here they turn a blind eye to the low level of income, social status and irresponsible financial behavior in the past. However, you should not count on a large loan amount. For example, Moneyveo for the first time offers a loan of up to 27 thousand. UAH for a period of no more than 20 days. If you fully fulfill the terms of the contract and return the money on time, subsequent loans can be issued for 65 days. Advantages of cooperation with MFIs:
- minimum list of documents;
- high decision-making speed;
- the ability to take a loan without leaving home;
- lack of necessity confirms the amount and legality of the income;
- confidentiality;
- the interest rate is 0,01% per day;
- the possibility to repay the debt ahead of schedule without fines and other sanctions;
- lack of age and social status requirements;
- non-targeted purpose (you can spend money as you like).
No collateral or guarantors are required when applying for a loan at an MFI. Even a negative credit history will not be an obstacle to receiving the required amount. On the contrary, a loan paid on time, or even better, will improve its performance.
Features of loans online
When applying for a microloan at an MFI, it is important to consider that interest here is accrued daily. If the money is needed for a long time, such a loan can become an unbearable burden, but for a short-term loan it is an excellent solution. The amount of overpayment may seem large, but it is justified, because microfinance companies lend money to almost everyone, turning a blind eye to the shortcomings of borrowers. To avoid overpayment, you need to:
- accurately calculate the required amount and do not take extra;
- think over the minimum period for which it will be possible to return the money;
- close the loan as soon as the opportunity arises (no fines are provided for this).
Acting consciously, you will be able to solve financial problems and avoid a significant overpayment on the loan.
