Selection of microloans: what to look for...
payday loans online California from MFIs for the short term are a popular and convenient financial service. We will tell you what conditions to pay attention to when choosing a loan so as not to overpay. Microloans in the amount of 2,000 to 30,000 rubles are intended to solve temporary financial difficulties. It happens that money is needed urgently, and the borrower does not compare the offers of different MFIs. Such a rash approach can lead to delays or unnecessary expenses on loan servicing. Therefore, it is important to carefully consider the choice of microcredit. Commissions and fees The total overpayment mainly depends on the size of the interest rate. As a rule, the lender sets a daily commission for the use of borrowed funds. You can calculate the daily interest by knowing the full cost of the loan. Companies always indicate this parameter on their website. Don't be frightened by numbers like 600% per annum, because you take a micr...