Where Ukrainians take money before salary

Problems of a financial nature, when there is not enough money from wages, happen to the majority of Ukrainians. Most often, such situations arise due to unplanned purchases or unforeseen events.

Neither the one who earns 20000 hryvnias, nor the one who lives more modestly, having a smaller family budget, is immune from such situations. In most cases, to solve the problem of finding money, Ukrainians turn to relatives, or, less often, to friends. This allows you to borrow money before receiving a salary under conditional obligations, without any contracts, receipts or documentary evidence. In those situations when it is not possible to find the required amount, they turn to credit companies or banks.

A characteristic feature of issuing money loans in banks is a thorough check of the borrower's financial capabilities. Also, banks prefer to be additionally insured, having received the data of the borrower's guarantors, and in many cases, have imposed mandatory insurance on the potential client. As a result, the cost of a loan increases significantly, and the time spent on formalities related to the preparation of documents increases.

Over the past few years, the lending market has changed significantly thanks to the arrival of non-banking financial companies that brought a new service to Ukraine - microcredit.

The so-called MFI companies offer Ukrainians a new product - an online card loan, which, unlike those offered by banks, has a lot of advantages and is free from all the disadvantages of bank loans. At the moment, online loans are offered by more than 100 microfinance companies, here are the largest and most significant of them.

1. Money24 - allows you to receive in 8 minutes credit online up to 20000 hryvnias. The loan is issued for a period of up to 30 days. The average interest rate is 1,3% per day.
2. Dinero - offers up to 23000 hryvnias. Of the special advantages, it is worth noting the fast registration of a loan online via the Internet, which takes up to 45 days. At the same time, the first loan is issued at 0 percent.
3. Mycredit - you can apply for an online loan of up to 10000 hryvnias for up to 30 days. The first loan in this company is issued at 0%.
4. Moneyveo – the maximum amount borrowed is 17000 hryvnias. The term is up to 30 days, or up to 30000 hryvnias for a term of up to 18 weeks.
5. CreditPlus - the company offers to get a loan online up to 12000 hryvnias. The maximum term is up to 30 days. The first loan, as in other companies, will be interest-free.