Not every borrower has the opportunity to confirm their solvency. Some are employed unofficially, others are temporarily unemployed for one reason or another. It is almost impossible for such citizens to get a loan in banks; here, increased requirements are imposed on customers. But what if you need money urgently, but you can’t submit a document from work? In this case, the only way out is to take a loan without a certificate of income from an MFI. In microfinance organizations, loan processing is carried out according to a simplified scheme. The process takes much less time than in banks, and you do not have to collect a large number of documents.
Taking a loan online to a card for pensioners without income certificates and guarantors is a very popular service used by many citizens of the Philippines. Compared to bank loans, it has some advantages:
A simple process of obtaining a loan without a large number of documents leads to some disadvantages of lending in microfinance organizations. Interest rates are higher here, and credit limits are lower than in banks. In addition, you can get a loan from an MFI without a certificate of income without collateral for only a short period of time.
To become an MFI client and take a loan without income certificates, you need to meet just a few requirements:
You must also have a valid mobile phone number.
The process of obtaining a loan in microfinance organizations is as simple as possible. To do this, you need to perform just a few steps:
The easiest and fastest way to pay off debt is to pay with a bank card in the client's personal account on the organization's website. Such payments are made instantly, commissions are usually not charged. When paying through electronic wallets, funds come quickly, but it is possible to withdraw a commission percentage.
In what way you can pay a loan without a certificate of income and collateral in a particular MFI is indicated:
If you cannot find the relevant information, dial the MFI hotline number and ask the operator your question.
If you urgently need a loan without a certificate of income, then contacting an MFI is the best solution. We have compiled a selection of online lending services for you, so you will definitely find a suitable offer.