microloans – one of the most popular types of lending. It allows citizens to urgently solve the financial problems. Before making micro-loans, mortgages should be familiar with the advantages and disadvantages of this type of lending.
pros
- it's fast. Microloans for real estate from MiG Credit Astana can urgently solve the financial difficulties that have arisen. Get a microloan can be just 15 minutes. Simply go to the website of the credit institution, fill out a short online form and send it for review. Service, which provides microcredit organization Astana, check whether it is not more, than 2 minutes, then notify the decision via SMS. When, if the service agrees to provide funds, to transfer funds to the account of the client.
- Accessibility for everyone. Microcredit organizations offer money to almost everyone. This is due to the fact, that the borrower does not need to match the huge number of requirements. Just having a property is enough, age of majority, permanent source of income, and the citizenship of the country. Loans are available even for the citizens, who are employed informally. Take advantage of the company at any time of the day or night. MFI are not output, do not close for lunch and a rest during the holidays. They work round the clock, therefore, the applying and getting money is possible at any time.
It should be noted, MFIs are not engaged in checks the customer's credit history. Microcredit organizations do not require the client to provide a huge number of documents. For this reason, just enough to provide only a passport.
disadvantages
- A large percentage of. Besides the positive aspects, micro-credits through the Internet have disadvantages. for example, relatively high percentages. Their charging takes place every day. The size is usually not more than 1,5%. If you take a loan for a sufficiently long period, will have to overpay quite a large sum. because, draw their worth as much as possible for a shorter period.
- heavy fines. MFIs charge a penalty for delay. They are high enough – to 20% per annum. Accrue them on the second day of delay. For this reason, you should be sure, at the end of the period specified in the contract funds will be returned to the lender. At long delay in the company may sue the debtor.
- low limits. For new customers, offer plenty of small amounts. The first time offer a maximum interest. Consequently, You have to pay quite a large sum.
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