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About the loan
The microfinance organization Cashmagnit has been operating in the micro-lending market since 2021. Today it is a fairly well-known and reliable micro-credit company. This MFO specializes exclusively in issuing small micro-loans to citizens of the Russian Federation. Specifically, here you can get up to 30 000 RUB for a term of up to 30 days. We explain the terms under which MCC Cashmagnit lends, what requirements the company imposes on borrowers and documents, and what is needed to get money here with interest.
Terms
As specified above, in this microfinance organization you can only get a small short-term loan. In total, borrowers can get from 5 000 to 30 000 RUB for a term of from 5 to 30 days.
At the same time, a special offer is currently valid for new clients — the first loan at 0% per day. To get it, you need to submit an application for any available amount and any available term, and then repay the debt without delays. In case of even a minor debt, the micro-credit company will charge interest from the first day of using the money, as well as a penalty for violating the terms of the agreement.
Outside of the promotion, the interest rate on the micro-loan is 0.8% per day or 292% per annum. This is the maximum value permitted by the legislation of the Russian Federation.
In any microfinance organization, including this one, early repayment of the micro-loan is available. To repay the loan ahead of the term established by the loan agreement, it is enough to deposit the principal amount of the debt, as well as interest accrued for the days of using the money. At the same time, the borrower does not need to notify the lender in advance of their plans to close the debt early.
If the client does not have the opportunity to pay the micro-loan on time, they can use the loan extension service and postpone the payment date. To do this, they will need to pay only the interest for the current period. And the principal amount of the debt will be postponed to a new period. You can use the extension service in your personal account on the micro-credit company's website.
In the event that the borrower does not make the payment on time and does not activate the extension service, they develop a delinquency. Then the lender charges a penalty not exceeding 20% per annum.
Let's give an example. If a client received 300,000 RUB for a term of 10 days and did not close the debt on time, their penalty will be 16.39 RUB for each day of delinquency. In addition to the fine, the borrower will need to pay interest accrued for each day of using the money.
We also recommend not forgetting that even the most minor delinquency is necessarily reflected in the credit history, which can become the reason for refusal of lending in the future.
The advantage of lending in microfinance organizations is that MFOs do not impose strict requirements on their clients. For example, to get a loan from Cashmagnit, you need to meet the following criteria:
- have citizenship of the Russian Federation;
- have permanent registration in Russia;
- be at least 21 years old and not older than 65 years.
Of the documents to get a micro-loan in this company, you only need the passport of a citizen of the Russian Federation. Besides it, you will need any device with internet access (computer, laptop, tablet, phone), a mobile phone with an active SIM card and the ability to take a photo, and a personalized bank card.
Today, receiving money with interest is only possible 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 internet banking or the mobile app, you will need to specify the IFC's details, agreement number, and payment amount.
Bank: PJSC Sberbank
Recipient: LLC MCC Cashmagnit
Tax ID (INN): 5406808020
BIC: 045004641
KPP: 540601001
Current account: 40701810544050100021
Correspondent account: 30101810500000000641
OGRN: 1205400040757
How to apply
You can apply for a loan in this micro-credit company only online — on the official website. To do this, you need to do the following:
- On the main page of the microfinance organization, indicate the desired amount and term of the micro-loan.
- Click the "Get Money" button.
- Provide a mobile phone number.
- Click the "Register" button.
- Indicate last name, first name, and patronymic, date of birth, and email address, and create a password.
- Click the "Continue" button.
- Indicate passport data and SNILS.
- Click the "Continue" button.
- Indicate registration addresses and actual place of residence.
- Click the "Continue" button.
- Indicate information about education, work, and income.
- Indicate an additional contact person, whether you have had bankruptcy, and how many children are in your care.
- Click the "Continue" button.
- In case of a positive decision on the application, add bank card details to receive money on it.
- Complete personal identification.
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