What a MyBiz loan is

MyBiz is a Ukrainian MFI issuing short-term card loans with no proof of income. The product is designed for quickly closing small urgent expenses, repaid over a few months in installments.

Cost of the loan

MyBiz's base rate is 0.9% per day, roughly 328.5% annualized. But due to the origination fee and payment structure, the full real cost stated on the lender's site ranges from approximately 9,040% to 30,876% annually — depending on the amount and term. New customers get a promotional deal: a first loan of up to 1,000 UAH at 0.01% per day (about 3.65% annually). The maximum loan amount is up to 18,000 UAH, with a minimum first loan of 500 UAH. An origination fee of 30% of the loan amount is withheld upon disbursement.

Terms and requirements

The loan term is 84 to 126 days, repaid in installments every 14 days. The borrower can repay fully or partially early with no extra charge. Borrower age is 18 to 65; the lender checks credit history through a credit bureau. Required for application: a passport or ID card, a Ukrainian bank account, a mobile number, and proof of regular income. MyBiz charges no penalties or higher rates for late payment, but if the delay exceeds 30 days, the lender can demand full early repayment within the following 30 days.

How to apply

Choose the loan amount and term
Fill out the online application
Receive funds on the card — a decision is possible within about 15 minutes after review

Pros and cons

Here are the offer's key strengths and weaknesses.

Summary

MyBiz looks affordable thanks to the promotional rate for a small first loan, but for most real amounts and terms, the full loan cost rises sharply — up to 30,876% annually. This is an option only for very short-term financial help intended to be repaid quickly.

✓ Pros

✓ 0.01% daily promotional rate for a first loan up to 1,000 UAH
✓ Early repayment with no extra charge
✓ No penalties or increased rates for late payment
✓ Maximum amount up to 18,000 UAH
✓ Fast decision — around 15 minutes

✕ Cons

✕ Full real loan cost reaches 30,876% annually depending on terms
✕ Origination fee of 30% of the loan amount withheld immediately upon disbursement
✕ Proof of income and a credit-history check are required

MyBiz

Our review