Alexcredit

What Alexcredit is and who it suits

Alexcredit is a Ukrainian online microlending service that disburses funds to a card with no collateral, guarantors, or office visit. It's a tool for closing a short-term cash-flow gap of a few days or weeks, not a substitute for a bank loan on a large purchase.

Cost of the loan

Per BankSorter data, the approximate full cost of this offer (annual rate) is 449% annually. This is the lower bound of the range: Alexcredit's site states that, depending on the amount and term, the real annual rate can range from 449% to 101,451%. The company gives an example: a 1,000 UAH loan for 10 days costs a new customer 1,006.40 UAH to repay (approx. APR of about 1,038%), and a repeat customer 1,175.40 UAH (approx. APR of about 1,070%).

Maximum loan amount: up to 40,000 UAH.

Terms and requirements

• The base loan term is chosen by the borrower; total agreement duration is 405–430 calendar days
• If the loan isn't repaid within the base period, an additional (special) period of up to 400 days applies at a rate of 1% per day
• Borrower age: 18+, Ukrainian citizenship
• There's no formal credit-history check as a barrier to getting the loan, and no collateral is required

The lender's site mentions early-termination terms, though specific details (fees, procedure) aren't spelled out on the offer page.

How to apply

1. Choose the amount and base loan term
2. Fill out a short online form with personal details
3. Complete verification (document photos, credit bureau data, or BankID)
4. Get an automatic decision within seconds
5. Receive funds on the card within minutes of approval

Summary

Alexcredit offers a maximum amount of up to 40,000 UAH and an instant automatic decision, but the real annual cost range - from 449% to over 100,000% - is extremely wide and depends heavily on the amount, term, and timeliness of repayment. There's one key rule for using this loan: repay exactly within the base term, otherwise the cost jumps sharply due to the special period accruing 1% per day.