Today, MFIs provide not only a payday loan, but also a longer-term loan online,which can be taken to the card immediately for a long period. Many financial and credit organizations issue such loans only to regular borrowers who have already proven their integrity, but some companies allow you to get a loan for a year or another necessary period to new customers at the first request.
A simple long-term loan to an online card is always approved without collateral and guarantors, which distinguishes it from bank analogues, making it freely available to most loan applicants who urgently need money in debt. In addition, you can often get a loan around the clock, that is, even at night, as well as on weekends and holidays, when pawnshops and banks are simply closed.
Who can take a long-term loan online on a card in an MFI?
Usually, such financial companies impose the most simple and fully accessible requirements on their potential borrowers, which may differ slightly depending on the credit policy, but most often boil down to the presence of:
- current citizenship;
- age from 18 to 65 years;
- permanent labor earnings.
In the case of a consumer loan for a long term, the criteria that the future client must meet are more selective. Age restrictions are slightly narrowed and average 21-55 years, and there is also a need to confirm the actual residence in the country, that is, registration on the passport.
On what conditions do they issue a long-term loan to the card online?
The most significant difference between a loan for a long term is a reduced rate up to 50%, which creates an opportunity to borrow money to the card at a low interest rate without refusal. The allowable size of a long loan is much larger than that of a short-term loan, and the borrowing period is usually up to 1 year with the possibility of subsequent extension.
What do I need to get a loan for 1 year or another term?
To issue a long-term loan online on a card that does not involve a personal visit to the branch of a financial organization, you will definitely need some kind of mobile device or a regular computer connected to the Internet. Also, be sure to prepare for the fact that during the application will need:
- Original passport and TIN certificate.
- Personal e-e-phone and mobile phone.
- VISA or MasterCard card.
Unlike quick loans, a long-term loan without a passport photo is usually not approved,but today taking the necessary photo is not a problem and does not take much time. A mobile number and an e-mail address will be needed to log in to your personal account, where you can subsequently manage loans, as well as monitor their current status online, and receive all important notifications.
Verification or so-called binding is a mandatory procedure, and it is carried out by means of an "empty" payment or by temporarily blocking a small amount that must be accurately indicated in the appropriate form.
How is a long-term loan received online on the card repaid?
For the convenience of its customers, IFC always offer a choice of several ways to repay the loan without any additional commissions and hidden fees. Each borrower has the opportunity to independently choose the most convenient and profitable option for himself at the time of repayment, which may be as follows:
- payment with an already tied or someone else's card in your personal account;
- cash at the cash desk of the creditor's branch, if any;
- use of popular electronic transfer services;
- using the nearest self-service payment terminal;
- by bank transfer, including via Internet banking.
Basically, a long-term consumer loan on the Internet has an annuity repayment scheme, that is, equal in amount payments at fixed intervals, but quite often the classic payment option is also used.
Early repayment is not prohibited, but only after the minimum period of use of the loan, if this is provided for by the terms of borrowing and is prescribed in the concluded loan agreement.
Conclusions
As you can see, a simple long-term loan online without refusal today can easily be obtained in MFIs, and the long-lasting monopoly of banking institutions on such credit services is a thing of the past.
This is an excellent and real opportunity very quickly, literally within half an hour, even at the first appeal, to borrow money on a card at a low interest rate without official employment for any own needs.
