The Online Loan lets customers apply for and receive a loan entirely remotely, without visiting a branch. Lazika Capital was the first microfinance organization in Georgia to offer remote loan requests with online customer identification and remote approval.
The product suits borrowers who need quick access to financing through a digital application and verification flow. Amounts and terms are determined during the online application based on the applicant’s profile.
What's good
- Fully remote — no branch visit needed
- Pioneer of online identification in Georgian microfinance
Trade-offs
- Rate and limits shown only inside the application
- Requires a bank account and clean credit history
