Олена Ткаченко
· Updated: 27 August 2026
What SelfieCredit is and who it suits
SelfieCredit is an online microlending service in Ukraine that disburses funds to a bank card via smartphone, with no office visit. Customer identification is done via a selfie — hence the service's name. This kind of loan is meant for short-term urgent needs (a few days to a few weeks), not for large or long-term purchases — a regular bank loan is better suited for that.
Cost of the loan
Per BankSorter data, the approximate full cost of this offer (annual rate) is 1,244.55% annually. SelfieCredit's site states a base rate of 1% per day (equivalent to 365% annually), though for first loans under the loyalty program the initial-period rate can drop to 0.01% per day. Depending on the amount, term, and loyalty-program compliance, the real annual cost on the lender's site ranges from 1,244.55% to 3,422.24%.
Maximum amount: up to 30,000 UAH for a first loan and up to 50,000 UAH for repeat customers.
Terms and requirements
- Total loan term: 345–365 days, with payment periods of 5 to 30 days, borrower's choice
- The agreement doesn't provide for a customer-initiated term extension, though the company may offer one on its own initiative with no worsening of terms
- Early repayment — no fees, anytime
- Borrower age: 18–65, Ukrainian citizenship
- Required: passport, tax ID, a bank card in the borrower's own name, mobile phone; remote verification (including selfie) — only on the first loan
Late payment penalties: on day 3, 15% of the loan amount (minimum 250 UAH, maximum 1,500 UAH); from day 4, 3% per day (minimum 50 UAH, maximum 300 UAH per day).
How to apply
- Choose the loan amount and term
- Register with selfie verification
- Submit the application
- Sign the agreement with an SMS code
- Receive funds on the card immediately after confirmation
Summary
SelfieCredit stands out for allowing free early repayment at any time — a notable advantage if you plan to close the loan ahead of schedule. At the same time, the real annual cost (1,244.55% and up) remains typically high for this segment, so the service is best used only for short-term urgent needs, not as a substitute for a regular loan.
