В жизни каждого человека может возникнуть ситуация, когда деньги нужны срочно взять микрозайм: сломалась машина, потребовалось неотложное лечение или просто не хватило до зарплаты. В таких случаях одним из самых быстрых решений может стать микрозайм. Но что это такое, как его получить и какие риски существуют? Разберемся по шагам.
What is a microloan?
Microloan(or “payday loan”) is a small short-term loan issued not by banks, but by microfinance organizations (MFOs).
Key features of microloans:
- Small amount:Usually from 1,000 to 30,000 rubles (although there are larger ones).
- Short term:Most often from several days to one month.
- High interest rate:The rate is calculated daily and is legally limited (currently no more than 0.8% per day).
- Simplicity of design:Minimum documents and quick online solution.
- Loyalty to credit history:MFOs often approve loans even to those who are rejected by banks.
Pros and cons of microloans
It is important to weigh the pros and cons before applying.
Pros:
- Speed:You can receive money on your card within 15–30 minutes after your application is approved.
- Availability:Loans are issued around the clock via the Internet.
- Minimum documents:Usually just a passport is enough. Income certificates and guarantors are not required.
- High approval rate:Even students, pensioners and people with a bad credit history have a chance to get money.
- Opportunity to improve your credit history:A timely repaid microloan will have a positive impact on your credit history.
Cons:
- High interest rate:The main drawback. The overpayment can be significant, especially if it is overdue.
- Small amounts and terms:Not suitable for large purchases.
- Risk of falling for scammers:It is important to contact only legal microfinance organizations.
- Late fees:Penalties and penalties quickly increase the amount of debt.
- Psychological trap:The ease of obtaining money can lead to the formation of the habit of living in debt.