Turning to MFIs, clients want to get a loan quickly and on favorable terms. Competition in the microcredit market is very high, so each company is actively fighting for its popularity. You can learn about the conditions of MFIs through the Internet by reading reviews of the activities of the lender. One of the sought-after companies is the MFI "Do Salary", reviews of which are on the creditor's official website and other information resources.
Organization Features
A good reputation (7 years on the market) and active lending have enabled this IFC to become the largest representative of the microcredit market in the North-West region of the country. The microfinance company "Before Salary" has been operating since 2011. Clients can get a loan not only in the organization’s offices, but also online. More than 95% of applications are processed via the Internet.
IFC’s activities are regulated by the Central Bank of the Russian Federation, as evidenced by the inclusion of “Before Salary” in the register of MFIs of Russia. The company works in compliance with state requirements for microloans, regularly passes inspections by regulatory authorities.
Reviews of the company "Do Salary" indicate that MFIs do not hide their income and actively share data with all clients. Copies of documents disclosing financial statements are presented on the official website of "Before Salary".
Development investment
“Before Salary” offers customers to become not only borrowers, but also investors. The presence of investment programs confirms the high reliability rating of A.MF assigned by the National Rating Agency. Customers can invest in rubles, US dollars or euros.
Feedback on IFC's Do Salary investments in the network is positive. Firstly, investors note a high interest rate - up to 23.1% per annum. Secondly, investors are attracted by the reliability, stability of the company and the "transparent" conduct of business.
Interest on investments is paid monthly to the account selected by the client. This is convenient and allows you to monitor the status of attachments. Investors themselves decide how much and how long to draw up the contract.
The minimum amount of investments in rubles is 1.5 million. The maximum interest rate is possible when depositing funds from 5 million rubles or more.
Customer Opinion on IFC Investments
The reviews on “Before Salary” say that upon receipt of interest from an investor 13% of personal income tax is immediately deducted. This is very convenient, since depositors will not have to independently file a declaration and provide data to the branch of the Federal Tax Service.
Customers' opinions on investments in IFC “Do Salary” are mostly positive. Depositors are satisfied with the rates and quick execution of the contract. The reviews of "Before Salary" indicate that there are no problems with monthly interest payments.
Individual clients who are ready to contribute 5 million rubles or more to the development of the company are truly provided with individual conditions. The interest rate under the agreement of 23.1% is established immediately after signing the documents.
The remaining investors who are willing to invest from 1.5 to 5 million rubles can expect 13.1-23.1% per annum. For them, interest depends on several factors:
- IFC financial position in the current period.
- The amount of capital.
- Duration of relations with a microfinance organization (as a partner-investor).
- An individual savings plan, which is compiled by the client upon conclusion of the contract.
MFI loan products "Before Salary"
The lender offers borrowers several options for obtaining a loan:
- Interest-free loan.
- A loan secured by a car.
- Microloan on selected conditions.
The choice of loan type remains with the client. A person can apply for a loan in person at the company’s office in St. Petersburg, Murmansk, Arkhangelsk, Samara, Magnitogorsk and other regions (the full list is on the website “Before Salary”).
The manager will help with the selection of the option if the clients draw up a loan at the "Before Salary" office. When applying online, the borrower can go to a chat room where an MFI specialist will select a personal offer within 15 minutes.
General conditions of lending in the MFI "Before Salary"
A microfinance organization allows you to get a loan on such conditions:
- In the amount of up to 1 million rubles. New customers can count on the first loan up to 10 thousand rubles, on the second - up to 100 thousand rubles. Amounts over 100 thousand rubles are provided only on the security of property.
- Money is issued within 15 minutes from the date of application. When choosing as a method of obtaining a bank card money is credited instantly.
- There is the possibility of "vacation" for repayments of debt up to 15 days.
- You can return the loan in any convenient way.
- Loans are issued at a reduced interest rate (relevant for regular customers).
- Loan term up to 1 year.
Borrower Requirements
To get a loan, customers must meet certain requirements:
- Have citizenship of the Russian Federation.
- Be over the age of 18.
- Have a stable income.
- To live in one of the regions of Russia.
Despite the requirement of official earnings, its confirmation is not required when submitting an application online or at the “Before Salary” office. The exception is cases of obtaining a loan in the amount of 100 thousand rubles.
As people write in reviews of microloans "Before Salary", money can be issued within 24 hours after application. At the same time, IFC is required to provide any second document (except for a passport) for the choice of the borrower. This can be a passport, a driver’s license, a certificate of registration of a vehicle, or a 2-NDFL certificate.
If the client matches the presented parameters, he can submit an application online or ask for help at the MFI office. The employee will tell you how to take a loan in the company "Before Salary", help with filling out the documents.
MFI interest-free loan conditions
Prior to Salary is one of the few companies in the microcredit market that provides loans to new customers without interest. The conditions are valid until the end of 2018.
This is a special type of loan, the conditions of which are as follows:
- The fixed amount is 7 thousand rubles.
- Fixed term loan repayment - 7 days.
- 0% overpayment subject to all requirements.
- For registration only a Russian passport is required.
An interest-free loan is floating. New conditions are provided with varying frequency 1-3 times a year. In reviews of "Before Salary" customers indicate that they can take advantage of a unique offer only once.
If the refund period is exceeded, interest will be calculated according to standard lending conditions.
Car loan
Only 5% of MFIs in Russia provide customers with the opportunity to get a loan secured by their own car. This offer is in demand, as it allows borrowers to receive large amounts (up to 1 million rubles).
The difference between this type of loan and the classic offer is the availability of collateral, which is the client’s vehicle. The lender makes special conditions for the object of the pledge, which the client can familiarize themselves with on the "Before Salary" website.
To apply for a loan online, just select the loan amount and monthly payment, as well as indicate the make of the car and the year of its release. Confirmation of the operation is carried out using an SMS code. After that, the program will calculate the possibility of providing a loan and will require the provision of mandatory information.
Loans are issued for up to 12 months with the possibility of early repayment of funds.
Online loan selection: features
To get a loan at IFC “Do Salary”, you do not need to apply to the office. Most customers prefer to send the application online. It takes only 15 minutes to fill out the form. The loan decision is made by MFI specialists within 7 minutes.
For the convenience of customers, there are 3 loan options:
- Loans up to 10 thousand rubles for a period of up to 20 days.
- Loans up to 30 thousand rubles for 20-30 days.
- Loans up to 100 thousand rubles for up to 1 year.
New borrowers can get a loan of up to 10 thousand rubles. When returning funds without delays (no more than 15 days), the borrower is given the opportunity to obtain a loan of up to 30 thousand rubles. Large loans of 30-100 thousand rubles are issued after the successful repayment of two or more loans.
Loans secured by property are issued in the amount of up to 1 million rubles. The decision on the application for such amounts is made by a special commission. The term of consideration is no more than two days from the moment the client submits documents on the availability of property.
Customer opinions about the work of staff
Reviews of MFIs "Before Salary" prove the competence of employees. There are scanned copies of real borrower documents on the Internet. For convenience, they are collected in one section on the official website, structured and signed.
On the website of the MFI "Do Salary" real reviews of loans and employees are confirmed by copies of documents. Potential borrowers can get a full name payer, read the text in the original or electronic version.
All visitors note the following advantages of the company:
- Neat appearance of managers.
- The competence of employees.
- Courtesy and attention to customers.
- Fast work without delays or delays.
In addition to the official website, there are other portals on the network where you can read reviews about the microfinance company “Do Salary”. In general, they do not contradict the advantages of IFC described above. Customers note that competent recruitment is a strong feature of the lender.
Customer opinion about the microloan
One of the main indicators that potential borrowers pay attention to is the presence of positive reviews on the network. Without them, it is difficult to judge the real conditions of the loan and the chances of its approval.
Over 80% of customer reviews for “Before Salary” are positive. Payers note the following benefits:
- To issue money, employees require a minimum of documents - all loans, except for a security loan, are provided with only a Russian passport.
- Convenient repayment terms. If the amount is paid out for 3 or more months, the client receives a payment schedule with contributions scheduled for the dates and amounts.
- Providing a "credit vacation." All borrowers have the opportunity to postpone the payment of a monthly installment for up to 15 days.
- Gradual increase in the limit. Reliable payers "Before Salary" expand financial opportunities, increasing the loan amount with each new application.
- Stocks without cheating. After paying four loans in the MFI "Before Salary" the fifth loan is issued to customers without interest on use.
Negative reviews about the company "Before Salary"
MFIs may not always cater to the requirements of borrowers. Therefore, negative reviews about "Before Salary" on the network are also available. This means that MFIs have areas for business growth and improvement.
This is a normal indicator of quality and active work in the lending market. The complete absence of bad comments in 98% of cases means that the lender’s services are not popular, and positive reviews are written “on order”.
The microfinance company Do Salary, according to the complaints of borrowers, approves loans only in 90% of cases (instead of the declared 99% on the lender's website). The reasons for refusals can be: an error when checking a passport, a poor credit history of the payer, low solvency and the presence of three or more outstanding obligations.
The information from clients in the reviews about the IFC “Before Salary” does not always reveal the correct operation of the system. So, people report that sometimes SMS about crediting funds to a card comes late for 2-4 hours, when the money has long been in the client’s account.
Borrowers also complain that issuing banks have been considering transferring funds from the lender to the borrower's account for a long time. When applying for a loan on Saturday or Sunday, money can only be credited to the card on Monday.