What do interest-free loans hide from microfinance organizations?
Managing finances is difficult in normal times, and even more so in conditions that are so unexpected for many. You can support the budget with a certain amount by contacting your friends or withdrawing from a credit card. But there is another option that will solve a difficult financial situation - an interest-free loan from an MFO.
At such a time, many are wary of loans, because what if they fail to pay on time - this is not a friend with whom you can agree. And is it really interest-free? We propose to consider the terms of a loan without interest using a real example. Credit Kasa will help us understand everything; you can make sure that all the stated figures and conditions are real, you can follow the link: https://creditkasa.com.ua/ru/.
Understanding percentages
Interest-free means free, that is, without significant expenses for using the loan. What do the numbers say? There is no interest-free loan at Credit Kasa - there is a preferential interest rate, thanks to which you can take out a loan at 0,01%. In practice, this means that if you borrowed 1000 UAH from a company for 10 days, you must return 1000 UAH of the loan body and 1 UAH in interest for use.
Indeed, in fact, it is impossible to call it “interest-free”, but the company does not promise, it simply offers a preferential interest rate to everyone who takes out a loan from this MFO for the first time. But the amount of interest is so small that the payer will not feel any damage to the budget.
How quickly is it processed?
In a situation where money is needed “for yesterday,” speed matters. Credit Kasa offers a simple registration procedure and fast processing of applications. What is required from the client:
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citizenship of Ukraine;
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presence of a passport and TIN;
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age from 18 to 75 years;
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labor income;
If all parameters match, you can proceed to applying for a loan:
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fill out an application on the website;
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answer the employee’s call and complete registration;
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wait for a response with a solution.
All registration procedures take a matter of minutes; for example, the company makes a decision on an application within 8 minutes.
How much to take, when to return?
You can borrow any amount in the range from 600 to 20 UAH for a period of 000 to 2 days. The total loan period in the company is 30 days. To take out your first loan at 0,01%, no collateral, work record, or guarantors are required.
As the analysis shows, an interest-free loan is a completely phenomenon and a quick solution to temporary financial difficulties, and this is a solution when you need a certain amount of debt.
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