A loan agreement is not only a way to get rid of financial problems, but also a debt obligation. Not all borrowers can fulfill their obligations on time. Borrowing money in microfinance, they run the risk of overpaying up to 920% per annum in case of untimely payment of funds. Those who are just about to become MFI clients want to know what threatens if they fail to pay the loan. Borrowers are especially interested in popular organizations, for example, MFI “Credit Plus”, reviews of debtors about which are on the Web.
A little bit about the lender
MFI “Credit Plus” has been operating in Russia since 2015. The company has earned IFC status, which guarantees that the creditor will fulfill its obligations 100%. Only 62 companies have this status in Russia.
The activities of microfinance organizations are completely under the control of the Central Bank of Russia. This means that the organization always fulfills its obligations to customers.
Positive feedback about Credit Plus is confirmed by membership in the SRO MIR, a self-regulatory organization that brings together the best MFIs in Russia. Members of MIR are constantly improving their activities, monitoring trends in the microcredit market and regularly updating offers for borrowers.
Information about loans in "Credit Plus"
To become a client of the Credit Plus MFI, it is enough to do the following:
- Log in to the site and fill out a loan application.
- Contact by phone hotline.
Feedback from Credit Plus debtors on the Web indicates that with any of the options, the loan comes to the account selected by the client within 5 minutes. This is a very quick and convenient way to get a loan.
The interest rate is set individually for each client. It varies from 142.350% to 784.750% per annum.
To attract new borrowers, there is a special offer: the first loan without interest. There is only one condition: the loan amount should not exceed 15 thousand rubles. After successful repayment of the loan (on time and without delay), the client can count on large amounts.
To apply for a loan, it is enough to present only a passport. Loans are issued:
- in the amount of 1 to 17 thousand rubles - microloans.
- in the amount of 15 to 70 thousand rubles - mini-loans.
Reviews of borrowers about the lender
Credit Plus defaulters' reviews prove that loans are issued to everyone, even borrowers with arrears. If the client has a bad credit history, he can get a loan in the amount of up to 30 thousand rubles to correct it.
But the lender is attentive to the repayment of funds from its borrowers. Moreover, the conditions for payers are more than loyal:
- For convenience and quick repayment of funds, a non-direct write-off agreement with interest from his credit card is concluded with the client. Money is written off if the borrower forgot to make a payment under the contract or did not pay up to the required amount.
- If the payer is not able to make a payment in the current period, he can postpone the payment date for a period of 2 to 15 days.It is allowed to transfer payments no more than 5-7 times (depending on the type of loan agreement).
These conditions allow customers not to spoil their credit history even in the presence of temporary difficulties with the return of funds. Reviews of “Credit Plus” in Russia confirm the faithful fulfillment by the lender of the stated conditions.
Microloan payment terms
In order for the client not to become a debtor, “Credit Plus” provides several ways to return funds:
- payment online with a credit card;
- return in the terminals "Bank Post";
- crediting in Euroset and Svyaznoy salons;
- translation using the Contact system;
- payment in QIWI terminals;
- by bank transfer (at any financial institution).
All methods, except for payment at the bank, are free. When using the latter option, the client will have to pay a commission at the rates of the banking organization.
Refund Feedback
According to the reviews of debtors of Credit Plus, funds are credited instantly only when paid with a credit card. Through mobile phone salons and terminals, enrollment is made on the next business day. The longest money is credited when transferring through a bank, the receipt period is up to 5 business days.
There is no information on the Web that MFIs deliberately delay transfers so that clients go into arrears. The company is interested in the quick receipt of funds and strictly fulfills the obligations stated in the contract. The feedback of the debtors of the Credit Plus MFI confirms this: in the comments they indicate that the debt is connected solely with their financial problems, and not with the “shadow” campaign of the lender.
Positive aspects of MFIs
When studying a lender, future borrowers primarily pay attention to positive customer reviews. They indicate the advantages that MFIs really offer their payers, real rates and conditions for the return of funds.
Feedback from Credit Plus borrowers is 65% positive. What suits customers in the company:
- Instant loan approval. Consideration of the application takes only 2 minutes.
- Fast receipt of funds to the account. Money comes to a bank card 15 minutes after approval.
- Minimum package of documents. To apply online or through a contact center, only a Russian passport is sufficient.
- Favorable conditions for everyone. Beginners can apply for a loan without interest, and regular borrowers are given discounts on each subsequent microloan.
Negative lender reviews
But not always those who took loans remain satisfied with the terms of the company. There are moments that do not suit customers. And this is reflected in the reviews of debtors of Credit Plus.
Negative moments in the work of the lender (according to reviews on the Web):
- The intrusiveness of the contact center staff. If the borrower has already taken a loan, he will be aggressively offered the next loan up to 20 times a week. This applies even to those who simply filled out the questionnaire (without sending it for consideration), indicating their contacts. Customers note that it is not easy to refuse calls: employees make calls from different phones each time.
- High interest rates. Every 2nd microfinance organization can boast of this. Interests up to 784.750% per annum did not suit almost 87% of borrowers who took a loan for a period of more than 10 days.
- Lack of benefits for early repayment. If the borrower pays the funds before the period specified in the contract, interest is not recalculated. Thus, payers are always obliged to pay the entire loan amount with interest without the possibility of reducing the amount of overpayment (if there is a financial opportunity).
A negative opinion about the company has developed in 15% of customers. Most of the negative reviews of Credit Plus customers are based on the inability of borrowers to repay the loan on time, which led to the accrual of forfeits, which, according to the payers, were very large.
Also, customers are not satisfied with the obsessive offers of the second and subsequent loans, which constantly arise after the loan is repaid or attempts to get it.
Neutral opinion: is it worth taking a loan at MFI “Credit Plus”?
A microloan, with all its advantages and disadvantages, meets the requirements stated by the Central Bank. The company considers applications quickly and issues the amounts required by the borrower. MFIs do not impose insurance products, but employees are actively proposing a new loan.
There are no reasons why borrowers may be afraid to take out a loan in a company. This is a reliable creditor with a good reputation and favorable conditions. Credit Plus has been operating in the microcredit market for 3 years. This indicates stability and the presence of a large loan portfolio.
Loans to "Credit Plus" do not require the availability of compulsory earnings or the provision of a set of documents. Loans are issued instantly, it is enough to submit a passport of the Russian Federation and fill out a form.
But the borrower must be ready to make funds on time, avoiding delays. The lender reserves the right to withdraw funds from the customer’s bank card without delay in case of delay or underpayment according to the schedule.
Reviews on relations with collection agencies
MFI “Credit Plus” is authorized to transfer data to third parties, including collection agencies, in accordance with the terms of the loan agreement. Assignment of rights arises after the client has not fulfilled the terms of payment for 3 or more months unilaterally.
The transfer of credit to third parties (collectors) occurs after repeated violation of the terms for repayment of funds, interest and late payment. After the assignment of rights, relations with the borrower under the loan agreement in the MFI are terminated.
Testimonials about loan options
It is not difficult to become a client of Credit Plus MFI, but not all borrowers have a chance to get a loan. Reviews of the number of approved applications on the Internet indicate that approximately every 10th client was denied funds.
According to the conditions of lending to "Credit Plus", the company has the right to request a credit history in BKI. Data is used to make decisions on customer requests.
If the payer has repeatedly violated the terms of loan agreements with other banks or MFIs, he may be denied a loan. But not always the information from the BKI is the main condition when deciding on the charge of credit funds.
Despite the fact that the submission of documents on earnings is not required, the lender has the right to request information about the income of the client. If the borrower refuses to submit documents or answer questions, a loan may be refused.
The basis for obtaining a negative decision on the loan is also the presence of unliquidated obligations. If the borrower already has several existing loans, then his chances of approval at the Credit Plus MFI are reduced.
It is not possible to find out about a loan decision before applying. The preliminary decision is not a 100% guarantee in the issuance of a loan after filling out the questionnaire.
Reviews on the Web: what you should pay attention to
Not always what the borrower is looking for belongs to the Credit Plus company. Sometimes borrowers confuse a company with Plus Bank, which also has customer reviews of loans on the Internet.
The conditions of “Credit Plus” and “Plus Bank” are completely different. Credit Plus is a microfinance organization that occupies one of the leading places in the credit rating in the Russian Federation. Plus Bank is a leader in lending to Siberia, a large banking unit.
Customer reviews on loans of Plus Bank PJSC are very different from the opinions of Credit Plus borrowers. Therefore, when searching for information, it is worth paying attention to which particular creditor with the plus sign is written by the author.
