No one bank will make concessions and adjust to every client. In addition, in order to get a loan, you will have to take a job certificate to confirm income, pick up a huge package of documents and spend a lot of time traveling to the bank, talking with a specialist. In some cases, one cannot do without attracting guarantors and making a deposit, which significantly aggravates an already difficult situation.
MFIs are created to make life much more comfortable, carefree and easier. Microfinance organizations offer a gorgeous selection of loan programs and offers, it is possible to complete a transaction online without leaving your own home.
The main varieties and specifics of modern payday loans:
- cash money. Most lenders and referral services offer to fill out an application online in order to borrow money at the office. This type of a loan is one of the most convenient and profitable, as you do not have to waste time and fill out an application at the MFI branch. There are options for those who do not get along with the Internet. You can fill out an application for a specific amount and immediately get money, which is perfectly suitable for the elderly.
- loans to an account or bank card. The proposed option is very convenient and modern, since almost all citizens over 18 years old have a card/account. The specificity of such a loan is that the decision on the application is made very quickly. Given the fact that MFIs contact banks that do not work on holidays and weekends, it is advisable to complete the transaction during business hours to avoid delays.
- loans to the wallet of the payment system. Many are familiar with such popular systems as PayPal.
- money, webMoney. Almost all modern, business, advanced people have at least one e-wallet. The advantage of getting a payday loan in this way is that you can get the right amount at any convenient time, despite the holidays and weekends. It is very profitable, convenient, practical and mobile.
MFIs or microfinance organizations are incredibly profitable lenders and referral service for modern people who are used to solving all financial problems in a short time. Before applying, it is recommended to get acquainted with the basic requirements, loan terms and rates, analyze the company’s situation and overview customer reviews.