What a FinX loan is

FinX is an online lending service in Ukraine with a broader range of amounts and terms than most competitors: it offers both very short loans and loans for up to several years for returning customers.

Cost of the loan

FinX's nominal rate is 0.1% to 360% annually, but the real full cost of the loan (including all fees) on the lender's site is stated as 37% to 53,711% annually — depending on the amount, term, and whether it's a first loan. The maximum amount for new customers is up to 15,000 UAH, and up to 50,000 UAH for customers who've used the service before.

Terms and requirements

The loan term is 84 days to 12 months, with the option to extend up to 2.5 years. Extension doesn't worsen the original agreement terms, and refinancing is also available for debt consolidation. Early repayment carries no penalties, in line with current legislation. The loan is available to citizens aged 18 to 75 with a passport and tax ID who have an active card issued by a Ukrainian bank (social-benefit cards aren't accepted) and no criminal record. Proof of income isn't required.

How to apply

Choose the amount and term using the calculator on the site
Register and verify identity via BankID or “Diia”
Submit the application
Wait for a decision or a manager's contact
Sign the loan agreement with an electronic signature
Receive funds on the card — usually within 20 minutes

Pros and cons

Here are the offer's key strengths and weaknesses.

Summary

FinX stands out for its flexibility — from small short loans to significant sums with installments up to 2.5 years — and BankID verification makes applying convenient. But the real cost range is huge: from 37% to 53,711% annually, so the final price depends entirely on the chosen parameters and the borrower's credit history.

✓ Pros

✓ Wide amount range — up to 50,000 UAH for repeat customers
✓ Extension up to 2.5 years available with no worsening of terms
✓ Early repayment with no penalties
✓ BankID or “Diia” verification — fast, convenient application
✓ No proof of income required

✕ Cons

✕ Real full loan cost can reach 53,711% annually
✕ Social-benefit cards aren't accepted for receiving funds
✕ A criminal record makes it impossible to get the loan

FinX

Our review