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About the loan
Overview for applying and obtaining a loan in Joymoney
Over the 4 years that the Joy Money microfinance organization has been on the market, over 103.5 thousand borrowers have used Joymoney's loan application services, receiving about 1 billion RUB during this time. Currently, as part of various promotions and programs, borrowers can take out a loan from Joymoney across 5 program products.
In addition, new borrowers applying to an MFI for the first time can get a loan from Joy Money at an interest rate of just 0%. To receive the required funding, the borrower only needs to provide information from two main documents: a Russian passport and a second document of their choice. Online applications for a loan card from Joy Money can be submitted at any convenient time, even at night, and you are guaranteed to receive the required microcredit line amount.
The official company name is Microfinance Company Joy Money LLC. Legal address: 4th floor, 12 Sovetskaya Street, Novosibirsk. The MFI is registered in the register of the Central Bank of the Russian Federation under No. 651403550005450 dated 28.07.2014.
Loan terms at Joy Money
To get a loan from Joy Money, the applicant must submit an online application and set up a personal account. The borrower will have access to 5 program products that help obtain a short-term loan from Joy Money on favorable terms.
| Tariff plan name | Daily interest rate | Loan amount, RUB | Loan term |
| Start | 0% | Up to 8000 | For 10 days |
| Master | 0,9% | Up to 15000 | 5-30 days |
| Expert | 0,8% | Up to 20000 | 5-30 days |
| Practitioner | Individual | 30000-40000 | 2-5 months |
| Profi | Individual | 40000-100000 | 2-6 months |
The maximum interest rate for the proposed products will not exceed 1% per day or 365% per annum.
In addition, microcredit programs are available by categories such as "mini-loans", "for pensioners", "same-day", and others.
Joy Money loans are disbursed using the following methods:
- Visa card.
- MIR card.
- Mastercard.
- T-Bank card.
- Sberbank card.
- CONTACT money transfer system.
- Qiwi wallet.
If an MFI client defaults on a payment, a penalty rule of 0.05% per day comes into effect. SMS notifications regarding upcoming payments are provided free of charge.
Terms
MFI services can only be received by a fully capable citizen of Russia, which they confirm by sending a simple digital signature via SMS notification.
All applications for Joy Money are submitted exclusively online. If you choose to have the loan credited to a card, you must complete additional verification of the banking product on the official website. For recipients via the Contact system, after the application is approved, an SMS notification will be sent with a control code number, which must be presented to the money transfer system operator along with your passport.
The loan matching service invites you to apply for an online loan at Ji Money on favorable terms. Review the current information about the MFI, and if everything suits you, you can proceed to the microfinance organization's website and start applying for the offer that works best for you:
- After visiting the MFI website, you need to fill out your personal account details, having first indicated how much you need to borrow from Ji Money and for what period.
- Fill out the application form, making sure to verify your personal account using SMS notification.
- In the application form, provide your passport details as well as your registration address.
- Be sure to provide information for a second document – SNILS.
- Choose the disbursement method.
- Waiting for the operator's response.
- Receiving funds.
Attention! During the identification process, you will be required to verify your personal bank card. You will be redirected to a secure field on the website where the card check will take place. There should be an amount of up to 10 RUB in your account. Afterwards, the amount is temporarily blocked for verification, and you confirm your details. Within 24 hours, the funds are returned to your card account. This procedure is necessary for security checks to verify that the banking product belongs to the applicant.
- Borrower age – 18-60 years.
- Region of residence – all of Russia.
- It is necessary to provide mobile phone and email details.
- Mandatory SNILS information must be provided in the application form.
- You must specify your primary place of work, as well as your monthly income, without providing certificates.
- You must provide a second contact phone number (relatives' is acceptable) for communication.
The microfinance company offers loans for legal entities and entrepreneurs. For this category, microfinancing is available in amounts up to 300,000 RUB and terms up to 1 year, at 2% per month. Entrepreneurs can submit their application on the MFO's website and wait for the operator's response.
The borrower can extend the loan term by 5-30 days, provided they pre-pay the interest for the previous period. It is recommended to apply for this service approximately 2 days in advance to avoid penalties.
At any time, the borrower can return the funds, paying interest only for the days the microloan was used, and must repay the principal amount of the microloan itself.
Applying for a loan at Joy Money is available daily from 6:00 AM to 8:00 PM Moscow time for all regions of Russia. You can submit an application online even at night, but you will receive information about the decision only during the microcredit company's working hours.
Rates
Via QIWI or Yumani wallet;
In Sberbank and T-Bank apps
Calculator
Answers to questions
What loan amount will I be approved for at Joy Money?
When applying for a loan for the first time, an amount of no more than 8,000 RUB will be available to you. Afterwards, the amount increases up to 60,000 RUB.
How will I find out the result of my application?
You will receive an SMS notification, and the information will also be displayed in your personal account. Sometimes an employee of the microfinance organization may call you.
How soon will I receive the loan?
For all cases – instantly. When funds are credited to a card, delays may occur due to the servicing features of your credit institution's banking product.
Will I definitely be issued a loan if I have a bad credit history?
The approval rate at the MFO is over 92%. However, if you have outstanding loans or other financial obligations to creditors, your loan may be denied.
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