If you urgently need money, and the bank refused a loan, you can always contact a microfinance organization for help. Today there are quite a lot of similar offers on the lending market. Do not underestimate the MFI, but always remember: take a loan only in proven companies.
As many already know, the microcredit market is rapidly developing in our country. Along with it, the regulation of all MFIs by the Central Bank is also developing. The official website of the Central Bank has a register of organizations that are entitled to issue microloans legally. The Bank of Russia carefully monitors the implementation of proper requirements by organizations, and excludes unscrupulous companies from the register. So, from the beginning of the year to the end of May, the Central Bank excluded 200 entries from the registry.
How to check MFIs?
There are organizations that are heard everywhere. If a company cares about its brand, then it is unlikely that it plans to deceive its customers and unfairly fulfill the terms of the loan agreement. Pay attention to various trifles: how the company’s website is designed, is there any extra advertising on it; Do the search engines know about the company? whether the manager politely communicates by phone; details in the contract and so on.
In any case, recognizable company or not, you can find out its current status in the register of microfinance organizations. On the official website of the Central Bank, anyone can check the availability of an MFI record in the registry. You do not need special access or rights to do this.
In the near future, the Central Bank plans to release a mobile application in which MFI clients will be able to evaluate a particular company, write a review. And representatives of organizations will be able to check the status of the company and promptly publish the answer.
Do not take a loan in organizations
That are not in the register of the Bank of Russia. Such companies are not regulated by the law in any way, they are not subject to the restriction of the Central Bank on the maximum allowable amount of the debt and they are not obliged to disclose information to the controlling authority. By contacting such a company, you put your wealth at significant risk.
Take a loan responsibly
When signing any contract, you need to understand well what you agree to. The same is true when applying for a microloan. You need to be aware of the purpose for which you are taking a loan, how long it takes to pay off, how much money is really needed. In addition, it is desirable to clearly understand where you can get the funds to close the loan.
Taking a loan in our company means to be confident in the full fulfillment of the obligations that we undertake during the registration of the contract. We have been working in the financial market for more than five years and have a wonderful experience in meeting the needs of our customers.