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.

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.

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

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

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.

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

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.

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.

You can expect a rate of approximately 4.5% per month for the duration of your loan.