Sloncredit

What SlonCredit is and who it suits

SlonCredit is an online short-term lending service in Ukraine, disbursing funds to a card with no collateral or guarantors. This kind of loan is designed for one-off short-term needs - closing a cash-flow gap until payday, paying for an urgent purchase or bill - not as a substitute for a bank loan or installment plan on large purchases. SlonCredit offers two products: “Simple” for first-time borrowers, and “Convenient” for customers who've used the service before.

Cost of the loan

Per BankSorter data, the approximate full cost of this offer (annual rate) is 984.91% annually - a standard figure for Ukraine's online microloan segment, not a data error. SlonCredit's site gives more detailed numbers: for the “Simple” product - 14.5% for the first day and 0.96% per day from the second day on; for “Convenient” - 16.5% for the first day and 3% per day from the second day on. Depending on the amount, term, and chosen payment frequency, the real annual rate on the lender's site ranges from 985% to 14,487%.

Maximum loan amount: 32,000 UAH for new customers (“Simple”) and up to 60,000 UAH for repeat customers (“Convenient”).

Terms and requirements

• Loan term: 360 days (“Simple”), 345–365 days (“Convenient”)
• Payment frequency: every 15 days (“Simple”) or borrower's choice of 5 to 30 days (“Convenient”)
• Borrower age: 18–67 (“Simple”), 18–70 (“Convenient”)
• Customer-initiated loan-term extension is not available
• Late payment penalty: 20% of the loan amount (minimum 400 UAH) for the first day overdue, then 5% per day (minimum 100 UAH per day)

The loan can be repaid via the online personal account, payment terminals (City24, EasyPay), Privat24, or at a bank branch.

How to apply

1. Choose the loan amount and term on the site
2. Fill out the application
3. Link a bank card
4. Receive funds on the card

Summary

SlonCredit is a standard short-term microloan offer with rates typical of this market segment: the real annual cost runs into the hundreds of percent (per the service's own data, from 985% to over 14,000% depending on terms). It's best treated strictly as a tool for a few weeks to cover an urgent need, not a long-term loan - the longer you use it, the more expensive it gets. Before applying, be sure to compare the final terms on the lender's site with other offers on BankSorter.