Microloans today are becoming more accessible to the population. Anyone can get a loan of 5,000 rubles for a short period of time now, since the percentage of approval of applications by microfinance firms is quite large.
Features of the loan of 5000 rubles in MFI
The main feature of the microloin can be called that it is issued at high interest rates for a period of 1 day. The MFI conducts only a superficial check of the identity of the creditee and assumes great risks (in most cases, loans in the ICC are issued without collateral). Because of this, all loans in a microfinance organization are issued at high interest rates.
Advantages of obtaining a loan for five thousand rubles
Usually the procedure for issuing a microloans is quite simple. A minimum of documents is required from the borrower, which is an additional plus for him. In addition, the advantages of loans in the ICC include:
- the ability to transfer money to a bank card or electronic wallet;
- high approval rate;
- speed of registration.
Why can they refuse to grant a loan
A loan of 5000 rubles can be refused if:
- the borrower does not have Russian citizenship;
- the loanee has recently filed for bankruptcy (or is undergoing this procedure now);
- the client has many delays.
What will happen after the approval of the loan for 5000 rubles in the MFI
If a microfinance organization decides to lend 5,000 rubles,it will send the client a contract. In most cases, these loans are issued remotely, and therefore the contract will be electronic.
Before signing it, the client should carefully read all the points in order not to get into a difficult financial situation. Experts recommend paying attention to the sections describing:
- loan amount;
- terms of loan repayment;
- features of payment;
- fines and penalties for delay;
- the possibility of transferring debt obligations to third parties, etc.
After that, the borrower can sign the document. The money will be transferred to the client immediately after the execution of the contract.
Where funds can be accrued
A loan of 5000 rubles can be transferred to a bank account, e-wallet or card. In some cases, an individual can use the Contact transfer system, but this method of receiving money is less profitable compared to others: the client will have to pay an additional commission.
The borrower has the right to independently indicate how he wants to receive money. This should be spelled out both in the application and in the contract. At the same time, funds from MFIs can be transferred only to a personal account (both bank and electronic). If the card is issued to a third party, the loan will be refused.
How to pay microcredit
It is best to pay a debt on a microloin of 5000 rubles remotely. In the contract, the MFI will indicate the details of the bank account and the number of the electronic wallet, which will significantly simplify the procedure for returning funds. When transferring money, the client must specify his name and details of the loan agreement for full identification.
