How to choose an MFI with optimal conditions for obtaining a loan on a card?

Online loans on a card are becoming an increasingly common lending format every year. And this is not surprising, because they are convenient and beneficial for both borrowers and lenders: allowing the first to easily and quickly get loans via the Internet, literally, without getting up from the couch.

Those wishing to take loans on the card can apply to a number of MFIs that provide such services. The rules for issuing such loans for different organizations differ in a number of criteria, including the interest rate, minimum / maximum amount, repayment periods, etc. Requirements for the borrower are considered an equally important parameter: for example, regarding the type of card (loans are rarely issued on virtual and non-personal cards), the list of required documents, etc.

The minimum term to repay the loan is 62 days.
The maximum term for repayment of a loan is 365 days.
The minimum interest rate is zero percent per annum.
The maximum interest rate (APR) is 36 percent per annum.

One example for calculation:
Let's say a loan on a card is thirty thousand rubles for a period of 1 year (365 days):
The interest rate for using the loan for 365 days is 0.538% per day. The total cost of the loan (TCP) is 36% per annum.
The amount of interest for 365 days accrued on the loan will be ten thousand eight hundred rubles (10800 rubles).
The refund amount is 40,800 rubles.
Interest on a loan in case of loan repayment not on time and interest for 10 days - 1668 rubles.
A penalty on the overdue loan amount in the amount of twenty percent per annum is charged on the amount of the overdue part of the loan for 10 days - 170 rubles.

The cost of using the loan is calculated according to the following parameters:
The loan rate on the card in the first 15 days (grace period) is zero% per day (zero percent per annum), the next 365 days floating interest rate (from 0% to 36% per annum)

So, how to correctly choose a lender in order to get a loan without refusal on the most favorable terms and at the same time not to face numerous “pitfalls”? To do this, it is enough to use the services of the Loans on the card service. Here you will find an extensive catalog of organizations, as well as a detailed list of their services and requirements for the borrower.

Loans to the card offers users a list of verified companies that issue loans to the card. For each of them, up-to-date information on credit conditions is available, including the maximum allowable loan amount, minimum / maximum repayment period and daily interest rate. More detailed information is also available here, including the amount of the overpayment, methods of payment and repayment, the speed of consideration of the application and payment. Separately, additional notes on services were noted: for example, instant consideration of an application, low requirements for a credit history, the possibility of paying to Visa / Mastercard / MIR cards, etc.

Also, for those who need to apply for loans on a card, the reviews and customer ratings posted here will be useful, on the basis of which the MFI rating is formed. After studying all the data, it will not be difficult for you to choose the appropriate option and successfully order loans on the card.