How to get large loans on a card and which credit organizations provide them
A large loan in a microfinance organization (MFO) is a loan from 20,000 to 50,000 PHP on average. Of course, if you get a first loan without a credit history or with a bad credit history, you will not be able to get a large loan on a card. However, if you are a regular client of an MFI and have a positive credit history, then getting a large loan is more than realistic.
In order to receive a loan for any amount, the minimum conditions for its provision must be met:
- You must be over 18 years old
- You must have a passport or ID card
- You must have an identification code
- You must have an active bank card
In fact, all your credit transactions for the rest of your life are recorded in a single credit history bureau, therefore, in order to make a decision on lending to an MFI, you need to have minimal information about you for verification.
A quick loan in an MFI is issued without guarantors and collateral. And keep in mind that if you take your first loan, then many credit organizations have shares on it, for example, the first loan at 0.01% per month or without interest at all.
In order to determine the most suitable loan organization, MoneyTochka recommends using our selection service. Here you can specify the amount that you need, as well as select all the parameters of interest. After that, we recommend submitting applications to 4-5 such organizations and deciding which of them is best to take a large loan on a card.
Large loans online on the map, where to apply: a step-by-step guide
It is easier, more convenient and faster to apply for loans online. To get an interest-free loan online, you need to follow 5 basic steps:
- Using our service, select the loan amount, loan term and select those organizations that correspond to them.
- Apply to 4-5 credit organizations online by filling in all the required application fields. As a rule, confirmation will come in 5-15 minutes.
- Choose from those organizations that have approved the amount and your loan terms, the most optimal, perhaps the one in which there is now a promotion or the first loan at 0%.
- Register and pass verification on the selected microcredit site, look and study a little your personal account and the possibilities of repaying the loan.
- Get a large loan on the card online.
It is also possible to visit an offline microloan office, where loan consultants will help you fill out the same application - so you can take a loan without calling the operator. This method is not very efficient in terms of time, because if you apply online, you can submit 4-5, and if necessary, up to 10 applications at a time.
Our MoneyTochka service provides an opportunity to make all selections and get acquainted with the loan offers of all organizations, as well as immediately form all applications in one place.