Microloan without credit history
Getting money on a card without bank checks is not only difficult, but almost impossible. You need to bring a large number of documents, prove your solvency, attract guarantors or decide on a pledge. In addition, even if you have done all of this, you can still be denied a loan if you have a zero or negative credit history. What to do if you need a small loan on a card in an MFI?
What to do in this case? It is in such situations that it is more expedient to contact the MFI. Such companies can provide microloans without credit checks. In order to issue it, you only need to submit an application via the Internet, and the required amount will be credited to your card or electronic wallet. In most cases, applications are considered within a few minutes, the percentage of approvals is very high.
Who can get a microloan without a credit history?
To get a microloan without checking a credit history, as well as a credit card at 0%, you must meet the following requirements:
- citizenship of the Philippines;
- age from 18 to 65 years (some companies issue loans to persons under 75 years old);
- any stable source of income.
Thus, almost anyone can become an MFI client: a student, a pensioner, a freelancer, a woman on maternity leave, etc.
What documents are required to apply for a microloan without a credit history?
All you need to get a microloan without checking your credit history is a passport of a citizen of the Philippines and any device with Internet access. Additional documents, guarantees and collateral are not required.
What are the conditions for granting loans to MFIs?
The standard conditions for issuing loans by microfinance organizations are as follows:
- Loan term - from several days to a month. Some MFIs lend money for a longer period.
- The interest rate is from 0 to 1% per day. At 0% you can get the first loan. This offer is valid in many microfinance companies.
- Ways to receive money: card of any bank, money transfer, electronic wallet, cash at the branch. The latter option is possible if the client lives in a city where there is an office of the creditor organization.
- Debt repayment methods: bank transfer, payment through the client's personal account using a card, payment terminals.
How to get a microloan without a credit history?
On our website you will find a large number of MFI offers without checking your credit history, so you can choose the most attractive conditions. Once you have decided on the company where you will receive a loan, follow these steps to get a loan in 5 minutes:
- Go to the website of the selected organization and fill out an application for a loan.
- After entering all the necessary personal information in the questionnaire, send it for consideration.
- Wait for the decision of the MFI. Upon approval, carefully study the contract and only then sign it using the SMS code.
- Get money for the details specified in the application.
In most cases, money is credited instantly. Only sometimes there may be delays due to the fault of the recipient bank.
How to increase your chances of getting a loan?
What you need to do to definitely get a microloan without a credit history:
- To get money in debt without a credit history, it is important to have a stable income.
- Please provide as much information as possible when filling out the application. The more information about yourself, contact persons, place of work is indicated, the higher the chance of obtaining a positive decision.
- The information in the application must be correct and reliable. If you enter an invalid mobile number, bank card details of a third party, false information about the source of income, then you will not be able to take a loan, especially without a credit history. This information is easily verified.
It should also be noted that if you constantly apply to the same microfinance company, you may be offered more favorable loan terms - a decrease in the interest rate and an increase in the limit. Therefore, before contacting an MFI for the first time, carefully read the conditions offered by different organizations. We have specially collected sites for you where you can apply for microloans on a card without checking your credit history, which means that you can easily choose the right offer.