The days when banks offered loans to everyone without exception are in the past. Today’s lending conditions are tightening requirements for the borrower. The client is obliged to provide the bank with a lot of certificates in order to prove its reliability and solvency. But no matter how high your current income is, if in the past you had problems with paying your debt, the banks would not give you a penny.
Flawless clean credit history is the main indicator that banks are guided by when deciding whether to grant a loan. But even the absence of “black spots” in the credit history is not a guarantee of receiving money. Lack of official work, insufficient income, the presence of a criminal record with the client or his close relatives, and even arrears of utility payments can become insurmountable obstacles to obtaining a loan. In addition, loans to students and pensioners are extremely rare. That is a fairly large number of people do not have the opportunity to get the missing financial resources to solve their problems.
Is there a way out?
Any market (and financial including) is arranged in such a way that the presence of demand for a particular product or service immediately causes counter-offers. It happened in the field of lending to the population. The niche left by banks without attention was filled by microfinance organizations issuing loans to anyone who came in urgently, without checks and with a minimum percentage of refusals.
The activities of these companies turned out to be so successful that even those categories of the population that have a full-fledged opportunity to get a bank loan began to use their services. MFIs have great advantages over banks by providing loans:
- without documentary proof of income level;
- without checking the credit history;
- without personal visit to the company office.
But not even these advantages make getting a loan in an MFI so popular. For customers, the most important thing is to get money quickly without refusal. Just the opportunity to take a loan to solve emergency problems is the prerogative of the MFI. Getting a loan from banks is always associated with a loss of time for collecting references and documents, for going to an institution, for a turn to a manager, for waiting for a response. This process can take from one day to several weeks. But there are situations when such a long wait is unacceptable.
Lending companies – Efficient Financial Assistance
Each of us has been in a situation where a certain amount of money is needed at this particular moment. A child fell ill or broke a pipe, you need to pay for renting an apartment or urgently buy train tickets – in life there are often unforeseen situations for which it is impossible to prepare in advance. Previously, you had to bother your friends or neighbors with your problems, but now you can cope with the difficulties yourself by issuing an express loan without checks at one of the MFIs.
Searching for MFIs with acceptable terms will not take a lot of time – there are quite a few websites on the Internet that collect the most reliable and popular credit organizations. Decide on the amount you need, review the proposals of the MFI, select the terms of the loan that suits you and the acceptable interest rate. After that, you only need to fill out an application and in 15-20 minutes get the money immediately on the card without refusal.