SHI Credit Reviews – Complaint

“SHI GROUP”  was previously known as “SHI FOOD” Ltd., a company that owns the fast crediting brand SHI Credit. The company started its business on 22 September 2005 with a paid-in share capital of almost 570 thousand euros. In recent years, the company’s finances are growing. For example, the company ended 2013 with a profit of EUR 1.001 million , which was twice as many as a year earlier. Net sales in 2013 amounted to EUR 4.16 million. At present, SIA “SHI GROUP” ranks 1751th among all Latvian companies according to net turnover.

 

The owner of the SHI Group

The owner of the SHI Group

The owner and sole board member of this company, who owns shares in five more companies. SHI Credit also works in Poland, Lithuania and Spain without Latvia. SHI Credit was one of two non-bank lenders who joined the Latvian Non-Banking Lenders Association (LNKA) in 2013. Being a member of this association is a creditor in favor of responsible borrowing and fair commercial practices, because only this can bring the industry’s reputation and consumer interest in lending.

The LNKA mark “Responsible Lender” also decorates the creditor’s homepage . The website offers the opportunity to make a loan, find information about SHI Credit and find out the answers to the questions about the loan and its conditions. Website design is similar to most quick credit websites, such as a home page with an informative credit calculator where you can specify the amount of credit and immediately receive information about the commission. It is very easy to find everything on this website and the information can be easily reviewed. If you need to contact a SHI Credit Customer Service Center or simply want to apply for a credit by phone. You can email us at  or using the Skype program. Credit applications are accepted by SHI Credit 24 hours a day, 7 days a week, but processed during business hours – from 8.00 to 22.00 on weekdays and from 9.00 to 21.00 on weekends.. Transfers to the company can be made to accounts – SSC Bank, NDD Finance, DNN Credit or CTZ Bank. If the customer has an account with one of these banks, he does not have to pay the interbank transfer commission when transferring the money to the bank account.

 

SHI Credit quick loans

quick loan

SHI Credit offers quick loans from 70 to 425 euros with a repayment period of 10 to 30 days . New customers can borrow from 70 to 300 euros , and the company offers the first loan without commission. For repeated loans, the commission is calculated for each loan individually, depending on the size of the loan and the repayment term. Without logging in to the website, you can also apply for credit by sending an SMS to a specific number. If there is no possibility to repay the loan after the due date, it can be extended for 30 days by paying the relevant commission. After the credit application is sent, it is processed within a few minutes, and if the customer has a bank account with one of the banks with a SHI Credit account, the money is transferred within 10-15 minutes .

 

What should I do to get a loan?

What should I do to get a loan?

You have to register on the SHI Credit website and apply for a loan. However, in order to have a positive response to your credit, you must meet a number of conditions set by SHI Credit. Must be at least 20 years old , permanent resident of the Republic of Latvia with the declared place of residence in the territory of Latvia. You need an active mobile phone connection, an email address and an open account in one of the Latvian commercial banks. Good credit history is needed and there should be no late payment or debt. When registering, you must provide a workplace that serves as information on regular income and solvency.

 

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