Recently, the microloan market has grown to an unprecedented size. If earlier we could not even think about how to arrange a loan not with a bank, but with a commercial company, today everyone understands the advantages of microloans.
What are microloans?
Initially, microcredit originated in the late 80s in Belgium. The concept of such loans is that, according to simplified criteria, a candidate for a loan is selected, who is given a small amount for a short period. In this case, the loan is issued to the borrower at a very high interest rate, which brings a rather high profit to the lender (sometimes microcredit rates reach 400% per annum).
Microloans have appeared in our country relatively recently, in the late 90s. Private organizations began to issue them, which do not need to obtain a banking license to carry out such activities. Quite quickly, the microcredit niche was occupied by a huge number of companies. Some of them work to this day.
The concept of micro-loans is beneficial to both the borrower and the lender. The first one can receive money for small expenses as soon as possible and without the need to collect a large package of documents (as in a bank); the second in a fairly short time receives high profits. At the same time, the risks of a company that distributes loans are minimal, since the amounts that are given in debt are usually not so high.
New direction. Microloans on the Internet
With the development of processing loan applications on the Internet, microloans could not but develop here. Now there are a lot of companies that either accept the debtor’s data over the network and check them online, or issue loans in non-cash form using the largest payment systems to date. For example, one of the well-known companies can be called Moneyman. Customer reviews indicate that this form of issuing loans is very convenient and beneficial, since it greatly simplifies a number of procedures and saves people time. And the statistics of the system work proves the popularity of the service and its growth.
Yes, the question arises as to whether the creditor company risks issuing loans online. In fact, everything about Moneyman reviews (who took loans here also confirms this information) suggests that the chasm with money is not so simple. Before signing the contract and receiving the money, the staff carefully checks your identity. Therefore, do not think that you can so easily hide.
About Moneyman.ru. Company reviews
Speaking specifically about the aforementioned company Moneyman, reviews about it are quite positive. Here customers are offered quite flexible conditions: 5 tariff plans at once, each of which involves different loan repayment periods, and, of course, various amounts of funds that you can borrow. To make it clearer: for example, the minimum “Start” tariff provides for a loan for a period of 5 days to 1 month in the amount of up to 8 thousand. "Super Turbo" allows you to get no more than 30 thousand, which are issued for a period of 8 to 16 weeks. Thus, the company provides the client with a choice of when to repay the debt and in what amount.
At the same time, as the reviews confirm about Moneyman, each of the tariff plans assumes a different interest rate (it varies from 1.1 to 1.3 percent per day). As long as the debt remains on your balance sheet, the indicated percentage will be charged on it daily.
How to choose a loan plan?
Of course, at first glance it might seem that the larger the loan amount, the better. However, the question of the size of the loan should be approached with the understanding that the more you take, the more you will have to repay. The interest accrued on the balance is shown above. Timing, respectively, will also increase. By analyzing credit plans, you can easily understand that the company protects its profits by making a minimum repayment period for larger amounts. Thus, even if you want to take a large amount for a short period, you cannot repay the debt earlier.
Candidate Requirements
Now, what people so often mention, leaving their comments about Moneyman. The negative points are restrictions on age and citizenship. If you are under 18 and you are not a citizen of the Russian Federation, you will not get a loan. In other cases, a loan from Moneyman is quite affordable for you. To issue it, initially you will need to go through the verification process of contact details and sign the offer. After that, according to the website, the money arrives as soon as possible (if on Yandex.Money or a bank card, then instantly). The good news is that Moneyman reviews confirm this. And most of them, by the way, are positive.
Why contact Moneyman? Payday Loans
It may seem to someone that entering into transactions on the conditions described above is unprofitable initially. It is logical, because loans with an interest rate of 400 percent per annum are too expensive. Isn’t it easier to get a consumer loan at a bank at 30-40 percent?
As practice shows, it is not at all easier. When applying for a loan at the bank, each borrower must undergo a series of verification procedures: bring documents, provide certificates from the place of work, and so on. In the event that you want to buy an apartment or a car, such actions are justified. And, let’s say, if you don’t have a small amount for a week, just “holding out” your salary, then it’s unreasonable to go through all these checks for such a small amount. It’s easier to make it faster and easier. For this, microloans are needed.
You are sure that you can easily repay the debt after income is received, in 1-2 weeks. You understand that there are no barriers to receiving money. In addition, you get everything online, that is, you don’t need to go anywhere for cash. Agree, in this situation, services like Moneyman are real financial assistants. Grateful customer reviews confirm this.