In life, situations very often arise in which it is impossible to do without financial support. Where to get the money? There is an answer to this question. You can contact the microfinance organization "Honest Word". For several years she has been providing services to people, engaged in the issuance of small loans. Let's look at it, get acquainted with the reviews about the “Honest Word”.
Company appearance and principles of its work
A microfinance organization arose in 2013. It was created to provide loans to adults. At the time of creation, it was planned that money will be disbursed in accessible ways. Customers will not need any certificates, pledges, guarantors. All plans have been implemented. Today, the Honest Word microfinance organization is spoken of as an affordable and convenient service.
A distinctive feature of the company in question is as follows. MFI “Honest Word” has no address. The absence of an office means that customers do not need to take out loans issued in it. The work of “Honest Word” is carried out remotely. Applications from people are accepted via the Internet. In the same way, decisions are communicated. Upon approval of the application, the signing of the contract is required. This process is carried out by indicating a special SMS code on the company website.
Key Benefits of a Microfinance Organization
The company has many advantages. We list the most basic of them that people indicate in their reviews of the "Honest Word":
- Round-the-clock service work. The process of reviewing user profiles is automated. That is why applications can be filled out at any time of the day or night (even on holidays).
- Users are not required to provide income documents, because the company is well aware that it takes time to process various certificates. Only one passport is needed.
- A microfinance organization does not pay attention to what kind of work a particular client has. It can be both official and unofficial.
- The company provides an opportunity to save on loans. In what ways is this done? We will talk about this a bit later.
User friendly
For the convenience of users, the Honest Word microfinance organization has simplified the application process. Upon first contact, customers are invited to fill out a questionnaire. It consists of several sections:
- basic user information;
- Email Confirmation
- indication of passport data;
- entering clarifying information;
- indication of the method of obtaining a loan.
The first section, judging by the reviews on the Honest Word, is very important. When filling it out, the client registers on the site, receives a personal account, which in the future becomes a convenient tool in loan management. It can extend the period of use of funds, make payments, repay debts.
On the website of a microfinance organization, customers independently select the conditions. They choose the amount of the loan, the period of use of funds. An online calculator helps you make the right decision. When specifying a specific amount and the desired period, an automatic calculation is made. The amount of the returned amount is the result that the client sees.
Loan Terms
The Honest Word company offers different conditions to new and regular customers. People who apply to this microfinance organization for the first time can apply for from 3 thousand to 10 thousand rubles. The interest rate for this category of customers is 2.1% per day.
For regular customers conditions are offered more favorable and attractive. Firstly, the limit is expanding. The amount that can be provided increases to 30 thousand rubles. The interest rate is reduced. The most conscientious clients of a microfinance organization have it equal to 1%.
Very often, the company "Honest Word" holds profitable and interesting promotions. For example, in March 2017, for several days, customers were asked to issue a loan at 0%. Promotions are never announced in advance. In order to learn about them in a timely manner, it is recommended that you often go to a special news section on the official website of the MFI “Honest Word”.
Speed of service
Clients using the services of a microfinance organization know that loans are provided promptly. At the first appeal, the questionnaire is completed within a few minutes. After entering all the data, the application is sent for consideration. This process is also very fast. The company, as a rule, makes a decision within 5 minutes and communicates it to its specific client.
After approval of the application and signing of the contract by introducing a special form of SMS-code, an urgent loan from "Honest Word" is provided instantly. Methods of obtaining - transfer to a bank card or account. However, not always people manage to get money right away. There is no company fault in the delays. Money transfer conditions are determined by banks. Very often delays occur due to weekends and holidays.
Loan repayment methods
It is convenient to cooperate with the Honest Word company, because there are no problems with the return of loans to customers. To transfer money after the loan has ended, you can use one of the following methods:
- transfer funds to the bank account of the company (its details are provided in the personal account for each user);
- pay by credit card (it must be personal, not belong to an unauthorized person);
- make a payment through the payment terminals "Eleksnet", Qiwi or use the wallet "Eleksnet".
For users who do not have money to repay and do not want to have a debt to MFI “Honest Word”, the company offers to use the loan extension service. It is available if there are no long delays under the current contract (do not exceed 15 days). The amount of renewal depends on the chosen term. Its users can find out in their personal account.
Savings on loans provided
Often people believe that loans and credits are useful, but expensive services, because after the expiration of the term for using money, you need to return not the amount that was taken, but much more. Fortunately, this is not typical of all microfinance organizations. At Honest, customers can save.
One way is early repayment of loans. Interest is instantly recalculated. When choosing this method of saving, only one thing needs to be taken into account - early repayment is possible only if it is planned to pay by credit card. With other loan payment options, early repayment is not possible.
Another way to save money is by participating in an affiliate program. The company, as testimonials about the "Honest Word" testify, offers each user to attract his friends to the site. If they get a loan, then the person who invited them will be awarded bonus points. They can be saved and used to repay interest on the loan.
Information for those who do not want or cannot return a loan
Borrowing someone else's money is easy, but it’s a pity to give it back or it doesn’t work out due to the difficult financial situation. When applying for a loan, you need to remember that the return of borrowed funds is the responsibility of the borrower. Its failure threatens with unpleasant consequences. In case of default, the credit history is spoiled. In the future, it will be difficult to get a loan at any microfinance organization or take a loan from a bank. Long delays increase the probability of failure to 100%.
If the loan taken at the MFI “Honest Word” cannot be repaid for a good reason, then the borrower is advised to notify the company as soon as possible. The microfinance organization “Honest Word” can go forward. Both parties are interested in finding a compromise, because nobody wants to bring the matter to court. You can contact the organization by calling the Honest Word MFI, which is indicated on the official website.
Work with debtors
With people who do not fulfill their obligations, the company encounters very often. How the MFI Honesty collects debts is a question that interests many. First, the organization itself tries to reach out to the debtor - makes calls, sends letters to e-mail, sends SMS messages. If a person does not respond to all these actions for a long period of time, the MFI transfers the debt to one of the collector agencies with which it cooperates (Credit Express, Ruscollector, Rusdolg, etc.).
Collection agencies deal differently with debtors. In most cases, collectors are rude, report sending an exit brigade to seize valuable items as a debt, and threaten to file an allegation of fraud or illegal loan. Also, collectors call the numbers of third parties that were indicated on the questionnaire, require payment of a debt from them.
Frequently Asked Questions
People who are first contacting the Honest Word microfinance organization have many questions. Let's look at some of them to fully understand the service:
- Can the decision on the application be delayed? All data and contacts provided by users in the MFI “Honest Word” are checked by an automatic system. In some cases, for technical or other reasons, decision-making is delayed. In such cases, it should be borne in mind that the response of the company may come in a period of 5 minutes to 24 hours.
- In what ways do users recognize the decision of a microfinance organization? To find out if a loan has been approved, you need to check your email. After reviewing the questionnaire, the company “Honest Word” receives a letter in which the information of interest to the user is indicated.
- Why are instant loans denied? Unfortunately, company employees do not give an exact answer to this question. They do not disclose the criteria by which applications are evaluated. Specialists only note that negative decisions are not always made because of a bad credit history.
Positive customer reviews
The microfinance organization “Honest Word” has many positive reviews. People who use and are satisfied with the service write that applications are processed quickly, decisions come to the mail almost instantly. The company does not make any calls to relatives, colleagues, or acquaintances.
The site is built on honesty. The company does not hide information about how much the borrower will have to pay after receiving the money. Each user will know about the final payment until the application is submitted. Particularly pleased with the availability of bonus programs, special offers.
Many people thank the company for their trust. She gave them instant loans with bad credit history. And there are those borrowers who were suddenly refused, despite the fact that they had previously used the service and always returned money on time. These people respond positively about the company, but at the same time wonder why this happened. They hope that in the future their applications will be reviewed and they will again be able to get a loan.
Negative service reviews
In negative reviews, people complain about high percentages. Consider the example inherent in the first design of a loan. A person wants to get 5 thousand rubles for 20 days. You will need to return 7 thousand 100 rubles. At the second appeal, the total amount will already decrease. To return will be 6 thousand 700 rubles.
Even more you need to return when applying for a loan in the amount of 10 thousand rubles. For a new client, the total amount is equal to 14 thousand 200 rubles, and for a user applying repeatedly to the company - 13 thousand 400 rubles.
But all existing negative reviews are unable to cross out positive comments. For many people, MFI “Honest Word” has been and will remain one of the best companies in the microloan market with convenient conditions.