What is a micro loan?

A micro loan is a loan of a small sum of money that is repayable in the short term and generally requires minimal administrative formalities.

Why choose Micro-Loan for a small loan?

At Micro-Loan, the loan application process is simple, fast, and efficient. Here are the benefits we offer:

  • No need to provide a reason. You will not be asked why you are applying for the loan.
  • Very fast application processing.
  • Transfer within 24 hours if you choose the express option. This offer is subject to a fee equal to 30% of the loan amount.
  • High application approval rate.
  • Customer satisfaction. You can read reviews on our website.

When does the repayment period begin?

The 15- or 30-day period begins on the day we transfer your loan funds.

How does the application process work?

Our application process is divided into 2 steps. The initial step permits us to pre-qualify you for a loan. Once you have finished your initial application, you will receive an email confirming we have received it. When you are pre-qualified, you will receive another email with your user name and temporary password. This is so that you can finalize your application by submitting supporting documentation.

After this, you will receive a final confirmation of your application and the steps you need to take to accept your loan.

How can I speed up the application process?

After you submit your initial application, you will be asked to submit some documents. You should strive to get the required documents in as soon as possible so that we can process your application promptly and provide an approval as quickly as possible.

You will only be asked to provide documents that are necessary or required by law to complete your file.

Micro-Loan is very aware of privacy and strives to keep your documents private and secure.

How do I know if I'm approved?

You will be notified via email as soon as your application is approved.

Will you check my credit score after I apply?

No. We offer Credit Check free loans, so we will not check your credit score after you submit an online application.

What if I have a low credit score?

Even if you have a low credit score you should still apply. Micro-Loan does not do credit checks. We base our decisions on your ability to pay back the loan you are offered.

Why did I get a lower loan offer than that I applied for?

Our financing experts review every loan individually and allocate a loan amount based on the repayment ability of each applicant.

Can I refinance my loan?

Our financing experts can review your loan in order to see if you qualify for a refinancing. You may request a refinancing only after your current loan has reached the 6 month term.

Can I change the automatic payment withdrawal date?

Micro-Loan strives to be a flexible financing company. If you need to change the date your repayment withdrawals are done, you need to log in to your client profile and request for a payment date change. An Administrative Fee may apply to this process.

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