MyKredit Review | www.mykredit.com

MyKredit

Last Update: January 20th, 2017

About…
Address: Bevis Marks House, 24 Bevis Marks, London, EC3A 7JB.
Branding: MyKredit. AKA: My Kredit.
FCA Licence: 631608.
From: Global Kapital Group Ltd.
Launched: 2015.
Memberships: Non.
Related: No companies.
Website: www.mykredit.com.

Product Details……
Bad Credit MyKredit Loans Available?: Yes.
Manage: MyKredit login provided via www.mykredit.com.
Offers: Short term loans.
Opening Hours: Monday to Friday (9am/6pm).
Secure (SSL): Yes.
Sums: £100 to £400 (new) | £1000 max (returning).
Terms: 20 days.

The Pricing…
£15 /£100 (20) <0.750%>

Notes: This company offers a revolving credit facility whereby a limit will be determined and from this you can then draw advances in £100 increments when you please (funded 24/7). Multiple draws can be made, but each will have a fixed term of 20 days.

Noteworthy…
– International: The Global Kapital Group has enjoyed rapid growth on the global stage since their formation in 2010. The London-based owner now has offices in 18 countries. They cover a range of financial markets from foreign exchange to payment services. MyKredit’s expansion has taken them over to Australia and also Spain.
– Pricing: A competitive 0.75% daily interest is charged, although this was previously lower at 0.5%. You did pay £10 per £100 over the 20 day period before. The new total cost of £15 is still a good deal, only lacking through the lack of repayment flexibility.
– SMS: Requests for cash can be made by text as well as through the supplied logins. An advantage with the pre-determined credit limit is that you can initiate payments 24/7 that is handy as an emergency borrowing facility.

Updates…
– On a 2017 visit we noticed that a series of changes had gone through since we last visited. There has been a change of address and they have removed the customer requirement of being 24 years or older. The price has as noted above increased and we have finally added their opening hours. These still aren’t shared on their site, but they were tracked through a web search.

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