TezFinance

“TezFinance” is one of the few microfinance organizations that lend to CIS citizens. Here, clients can get a long-term microloan “Urgent” ranging from 15,000 to 100,000 rubles for a term of 3 to 12 months. The overpayment does not exceed the maximum allowable 0.8% per day or 292% per annum.

Citizens of other countries can also take out a “Patent” loan ranging from 15,000 to 25,000 rubles for a term of 3 to 12 months. The interest rate also does not exceed 0.8% per day.

The microfinance organization “TezFinance” offers the option of early repayment of a microloan. To pay off the loan before the scheduled date, you need to repay the principal amount and the interest accrued for the actual period of using the money.

The MFO also provides the option to extend a microloan. To extend the loan, you need to pay the interest accrued for the actual days of using the money. You can check the amount needed for extension in your personal account on the microfinance organization's website.

In case of late payment of a microloan, the MFO “TezFinance” charges a penalty of 20% per annum on the amount of debt for each day of delay. Here's a small example. If a borrower received 40 thousand rubles at interest and did not repay the debt on time, the fine for him will be 21.92 rubles per day plus accrued interest.

Borrowers who meet the following requirements can apply for a microloan at the microfinance organization “TezFinance”:

• have citizenship of the Russian Federation, the Republic of Tajikistan, the Republic of Uzbekistan, or the Kyrgyz Republic;
• have permanent or temporary registration within the territory of Russia;
• aged 18 and older;
• are fully legally capable at the time of applying for the loan.

To submit an application for a microloan, a citizen of the Russian Federation will need to provide a Russian passport and a second document of choice:

• A INSURANCE NUMBER (SNILS);
• pension certificate;
• a driver's license;
• A TAX ID (INN);
• a international passport;
• military ID.

To submit an application for a microloan, a foreign citizen will need to provide a foreign passport or ID card and a migration card. In addition, the MFO may request the following documents:

• a valid patent;
• Receipts for payment of advance payments for personal income tax; 
• a driver's license;
• military ID. 

You can receive a microloan using one of the following methods:

• to a MIR, Visa, or MasterCard bank card;
• to a bank account via bank details.

You can repay the microloan using one of the methods listed below:

• via a Mir, Visa, or Mastercard bank card — enter your 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 Elecsnet terminals — you will need to select the microfinance organization in the menu, specify the contract number, and the payment amount;
• at the branches of the Zolotaya Korona money transfer system — you will need to state the agreement number and the payment amount.