A mini loan is actually a special form of borrowing money. With a mini loan you can borrow a relatively small amount up to a maximum of € 800. In addition, the mini loan also has a relatively short maximum duration. You can take out a mini loan with a maximum duration of only 30 days. Given these two characteristics, a mini loan is actually a special form of borrowing money. Yet the small loan is still very popular, that has its reasons.
Take out a personal loan from 4.5% Fixed monthly costs Low fixed interest from 4.5% Always pay off without penalty in the meantime Fixed duration, no surprises Take out a personal loan Take out ongoing credit from 4.5% Variable interest Lowest interest rate in the Netherlands from 21 to 66 years old Take out ongoing credit Most chosen A Credit from 4.4% Pay off without penalty Low variable interest Paid out in 2 days from 21 to 66 years old Request a proposal without obligation Take out a mini-loan Maximum of € 800 Without BKR assessment Borrow money quickly from 21 – 70 years old Take out a mini-loan
Why is the mini loan a popular form of borrowing money?
The mini-loan is a particularly popular form of borrowing money, it started years ago with the SMS credit, which allowed you to get money into your account within 10 minutes (incidentally without BKR testing). Now it seems that the mini loan is becoming more and more mature. This was not done on a voluntary basis by the providers of the mini loan. But more by the regulator. The AFM (Financial Markets Authority) has been particularly active in “combating” the mini-loans.
The mini-loan owes its popularity mainly to the flexible acceptance guidelines. Can’t you take out a loan anywhere? For example due to a negative BKR registration, or because your income is too low for most lenders? You can also get a mini loan with a negative BKR registration, or if you have income from agency income, or from student finance.
Thanks to this flexible acceptance, the mini-loan is still exceptionally popular.
Where can you request a mini loan?
You cannot just request a mini-loan from any bank. You can only request this from parties that specialize in this. You can only request mini loans from these parties. They do not provide other forms of credit. They have arranged all systems so that you have only one option with them. And that is applying for a small loan.
What should you look out for with a mini loan?
In itself there is not much wrong with a mini loan. Yet there is one negative aspect about which much is said. And those are the costs. The costs for taking out a mini loan are substantial. Despite the fact that there are not many parties where you can go for a mini loan, we recommend that you compare the parties where you can go with each other. A small loan with a maximum term of 30 days can sometimes cost you a small € 200 with the maximum loan amount. Still, this form of borrowing money is still highly sought after. Unfortunately mainly with consumers who are less strong in their shoes.