Credit365

As mentioned above, the microfinance organization Credit365 specializes exclusively in issuing short-term microloans. Today, borrowers can receive from 1,000 to 30,000 RUB here for a term of 7 to 30 days. The interest rate here is the maximum allowed by law — 0.8% per day or 292% per annum.

As with almost all microcredit companies, this one has a special offer for new clients. They can receive their first loan at 0% per day. To do this, they need to apply for an amount from 1,000 to 30,000 RUB for a term of up to 7 days.

Please note that the preferential interest rate applies only if the microloan is repaid strictly on time — without arrears. In the event of even a minor debt, the microfinance organization charges interest from the first day of using the money, as well as a penalty for breaching the terms of the agreement.

In the microfinance organization Credit365, as in any other, early repayment of a microloan is available. To close the loan ahead of the schedule established by the credit agreement, it is necessary to repay the principal amount of the debt plus interest accrued for the actual days of using the money.

This can be done on any day of the microloan term without prior notice to the lender.

If the borrower fails to repay the microloan on time, they can use the loan extension service. To extend the loan, the client can pay only the interest accrued for the actual days of using the money. In this case, the principal debt amount will be rolled over to a new term.

The microloan can be extended for a term of 30 days. This can be done in the personal account on the MFO's website.

If the borrower does not activate the extension service and does not make the payment on time, the microcredit company charges a penalty — 20% per annum of the debt amount.

Let's look at a small example. If a client received 16,000 RUB for 7 days and failed to make the payment on time, every day they will be forced to pay a penalty of 8.74 RUB plus interest accrued from the first day of using the money.

The feature of lending in this microfinance organization is that almost anyone can get a loan here. The MFO does not impose overly strict requirements on its clients.

To get a microloan here, you need to meet the following criteria:

• have citizenship of the Russian Federation;
• have registration at the place of stay or place of residence;
• be over 18 years old;
• have a steady source of income.

As for documents, getting a microloan may require a passport of a citizen of the Russian Federation, as well as a SNILS.

In addition to documents, the borrower will need any internet-enabled device, a mobile phone with an active SIM card, and a personalized bank card.

Today, a microloan can only be received by transfer to a bank card of the MIR, Visa, or Mastercard payment systems.

You can repay the debt to the lender in the following ways:

• from a bank card of the MIR, Visa, or MasterCard payment systems — for this, you will need to specify the card details in your personal account, and the required amount will be debited on the payment date;
• via bank account details: in your internet bank or mobile app, you will need to enter the MFI's details, the contract number, and the payment amount;
• at Russian Post branches — you will need to provide the contract number and payment amount.

Bank: T-Bank JSC

Beneficiary: Severnaya Palmyra MCC LLC

Tax ID (INN): 7805772796

BIK: 044525974

KPP: 783801001

Current account: 40701810400000008683

Correspondent account: 30101810145250000974

OGRN: 1207800157465