Microfinance allows you to receive small amounts in cash or on the card within a few hours, starting from the time of application. This is especially convenient when urgent matters have appeared that require additional funds. The country has more than a hundred different microfinance organizations. Each of them offers its own conditions for granting a loan and its repayment. Clients should understand that these are not just companies that give out money. MFIs today are fully subordinate to Russian law and, at the same time, receive licenses from the Central Bank of the Russian Federation, just like all existing banks do.
Customer reviews about the company "Money on loan" are almost positive. This is not the first year that an MFI has been operating and offering favorable credit conditions with minimum requirements for a borrower. At the same time, the company constantly holds promotions and has a loyalty program for customers who have repeatedly appealed for help to this financial organization.
Company Description
In the reviews of "Borrowed Money," consumers note that the company operates in compliance with all established requirements by law and the Central Bank of the Russian Federation. Employees of the company are polite and courteous and always try to help and resolve situations with debt repayment. The organization’s policy is aimed at providing prompt and high-quality lending services to the population. Moreover, in order to get a loan in the company, you do not need to provide income statements, as well as draw up a pledge.
MFIs seek to expand their reach. Representative offices are already open in more than 20 major cities across the country. For quick decision-making, the company simplifies the mode of collecting and providing data when applying. In addition, there is no need to visit the office of the company to get the first loan. MFI has been operating in the country for more than 4 years, and at the same time has all the necessary licenses and permits.
The official website provides all the necessary information and registration data. Openness and transparency of the transaction is one of the main rules of MFIs. No hidden interest or payments. The borrower gives exactly as much as was taken by him plus interest for using the money. There are conditions for prolonging a loan if a citizen does not have time to pay on time.
How to get a loan
In the reviews of "Money on loan" also noted the speed of the loan. There is no need to wait a few hours or go to the office of the company. All actions are carried out through a personal account on the website of the company. To do this, you must register. In the indicated fields all the necessary information about the client and his personal passport data are entered. If necessary, a scanned copy of documents may be required.
After that, the loan amount is selected. The minimum loan starts at 10 thousand rubles. At the first appeal, it is possible to get up to 30-40 thousand rubles. The maximum possible limit is 60 thousand. However, it will be available only after a few calls to the company and timely repayment of each loan. The bank details are indicated at the end, to which the approved loan amount must be transferred.
Repayment options
The reviews about “Money on loan” contain many positive comments about the convenient loan system. Thanks to the fully electronic function of concluding an agreement and transferring credit funds, borrowers can receive the required amount even through a mobile phone. In addition, if necessary, money and interest for a loan can be paid through your personal account.
To do this, while on the site, you must open your profile with a valid loan. At the bottom of the window that appears, options for repaying the loan will be offered. This can be done using the already attached bank card details. Additionally, users can make payments through e-wallets or post offices. The commission for crediting funds is 0%.
Current rates
It is also worth noting that in reviews of the MCC “Money on Loan” it is often mentioned that there are many different loan systems. Active participants in lending programs receive favorable offers from the company and can apply for loans at more favorable rates. Moreover, the maximum term of the loan is 4 weeks or 1 calendar month. Interest is accrued for using the loan daily.
Upon receipt of a loan in the amount of 10 to 30 thousand rubles, the rate will be no more than 2% per day. If the client receives approval in the amount of 40-60 thousand, then the rate will be 0.9% per day. This offer is available only to borrowers who participate in the company’s loyalty program.
Loan Terms
Customer reviews about “Borrowed money” also describe a rather loyal approach to obtaining cash loans. Future borrowers do not need to take certificates from the employer and download electronic copies of them. All information is checked by MFI employees themselves. The client’s solvency rating allows you to calculate the available loan amount funds.
In this case, the applicant must be at least 21 years old. An additional condition is official employment. The company does not issue loans to citizens who work without official paperwork. In this case, the availability of existing loans is checked. After evaluating this factor, an amount is formed that the client can count on.
Limits and Limitations
Loans are issued only on the card. The reviews about "Money on loan" says that there is no need to wait long for the receipt of funds. Immediately after the approval of the application, you can activate it in your personal account. After that, the user selects the available limit and within a few minutes the money goes to the bank details specified in the profile. However, money may be delayed if the bank slowly processes incoming transactions.
The company lends to the population in the amount of 10 thousand rubles. Some borrowers note that because of the large limit it will be difficult to get a loan. This is because if a citizen already has several loans or his salary does not allow him to pay off the loan and the interest accrued on it for 4 weeks, then the necessary amount will be refused.
What are the advantages of the company
About MCC "Money on loan" the reviews of employees are mostly positive. Established automatic service for granting loans and receiving payments significantly accelerated the work. All loan programs operate online. Loans are provided almost around the clock. Employees themselves say that management is demanding in terms of quality of customer service.
There are systems of fines and reprimands for rudeness and rude dialogues with borrowers. All conversations are recorded, and if the employee talked rudely or raised his voice, the MFI client can call the free hotline and indicate this fact. After an internal audit, the employee will receive a reprimand and a fine. In more serious cases, the employee may be fired.
Personal Area
It is also worth talking about the company's borrowers. About "Money on loan" the feedback from debtors is the same as that of employees; they are positive. Due to the constant monitoring of the quality of customer service, he notes the benevolence and efficiency of the consideration of decisions and assistance to borrowers. Even those who did not manage to repay the loan on time indicate that workers are trying in every possible way to solve the situation, suggest freezing interest or prolonging the debt.
As for the work of the site itself, there are also no complaints. The personal account is compact and offers a range of options for obtaining a loan. After concluding a loan agreement, it will also be available for review on a personal page. You can also calculate interest on the loan and see the payment schedule. There is also a help and advice section on issues of interest.
Interest rate regulation
Customer reviews of the company "Money on loan" can be found on the official website. After using the credit service, borrowers can leave a comment about the work and MFIs in general. Thanks to the convenient loan system, the interest rate has several values. After receiving a loan, new customers will have to pay it and accrued interest so that the new loan is on more favorable terms.
An interesting feature is that the more often a client applies for a new loan, the lower the daily percentage for using it will be. Already with a second loan, it will not be 2%, but 1.9%. Having paid all the funds on time, the client for the sixth appeal can count on a rate of 1.5%. Members of the loyalty program reduce the percentage for use by almost 2 times. To do this, you need to take a loan in an MFI more than 10 times.
Loyalty program
The company "Money on loan" monitors the quality of services and offers active microcredit users more favorable conditions. The more often the borrower applies for a loan, the lower the interest rate will be. In addition, becoming a member of the loyalty program, the client gets the opportunity to get a loan for the maximum possible amount of 60 thousand rubles.
For this, it is also necessary to fulfill the conditions indicated on the company’s website. If the borrower delays the payment of interest on the use of funds, its rating is reset. In addition, clients with a large debt burden in other MFIs and banks also cannot become participants in the program due to low solvency.
Interesting Facts
A loan in "Money on loan" is also interesting because the client receives approval of the application within the first 10 minutes from the moment of applying to the MFI. According to statistics on the site, more than 27 thousand citizens are registered on the portal and use loans. Moreover, the average loan amount is 25 thousand rubles. Many of the clients note that these conditions and the speed of the loan provide an opportunity to get a loan quickly and at the same time with a minimum package of documents.
Often, customers put the company as an alternative to obtaining a bank loan. This is because the amounts are even high for MFIs. With the active use of the loan, the borrower can receive up to 60 thousand rubles by pressing only a few buttons on the phone or on the PC keyboard. This is convenient enough if you do not have time to wait for a loan approval for several days.