Interest on short-term loans (up to 1 year) is higher than rates on bank loans. The advertisement that promises "instant loan at 1%" refers to the rate for one day. For a month, this will amount to 30% of the loan amount, or 365% per annum.

The maximum interest rate on a short-term loan (up to 1 year) is 1% per day, or 365% per annum.

Before signing a contract, check the total cost of the loan. It must be indicated in a square box in the upper right corner of the first page of the contract before the table of individual conditions.

An MFI loan agreement may also provide for additional services (for example, insurance). They will increase the amount that you will eventually need to return. To avoid surprises when repaying a debt, carefully read the individual terms of the agreement and the application for a loan.

Detailed description (Material Disclosure)

Minimum and maximum loan terms (minimum and maximum period for repayment) - from 60 days to 730 days,
interest rate (maximum Annual Percentage Rate (APR) - from 0.01% to 34%.

An example of calculating a loan (representative example of the total cost of the loan)

Zaymer - when borrowing 3000 rubles. for 3 months with extension, commission RUB 3510, total loan costs RUB 6510, APR 619%.
Moneyman - when borrowing 1000 rubles. for 3 months with extension, commission RUB 1512, total loan costs RUB 2512, APR 605%.
Joy money - when borrowing 5000 rubles. for 3 months with extension, commission RUB 5864, total loan costs UAH 10864, ​​APR 620%.
FastMoney - when borrowing 3000 rubles. for 3 months, commission 2610 UAH, total cost of the loan is 5610 rubles, APR 471%.

Interest rate
- The maximum annual interest rate, including the loan interest, as well as all other commissions and expenses for the year (Annual Percentage Rate APR) is 35%, and the minimum is 3%.
Annual interest for using the Credit - min 10%, max 31%.
- In case of violation of the deadlines, the amount of the penalty is 0.10% of the amount of delay per day, but not more than 10% of the Loan amount;
- Extension of the Loan is possible with timely informing the lender and paying interest for the initial term of the Loan. Additional commissions for the extension of the Credit are not provided.
- minimum annual interest rate - 10%;
- maximum annual interest rate - 365% (which already includes the loan rate, as well as commissions and other expenses for the year).

Requirements for borrowers:
• citizenship of the Russian Federation;
• the presence of a passport
• age from 18 years;

Consequences of non-payment:
The amount of the penalty is 0.10% of the amount of delay per day and not more than 10% of the loan amount.

List of credit institutions:
MetroCredit LLC "MKK Metrocredit"
License of the Central Bank of the Russian Federation: 651403581005811
Address: 350063, Krasnodar, Kubanskaya embankment, 33
Ekapusta LLC MCC "Rusinterfinance"
License of the Central Bank of the Russian Federation: 2120754001243
Address: 630055, Novosibirsk region, Novosibirsk, st. Gnesinykh, 10/1, of. 202