The mini loan to borrow a small amount
If you want to borrow money, you were previously dependent on the personal credit or the revolving credit. Nowadays you can request a mini loan for the smaller amounts. With a mini loan you can borrow a maximum of 1000 euros. Because the amounts involved are relatively small, the duration of a mini-loan is on the short side, on average 30 days. The mini loan is there to borrow money quickly if you need it.
Apply for a mini loan
You can borrow small amounts by means of a mini loan and by that we mean amounts up to 1000 euros. On average, consumers borrow around 750 euros if they apply for a mini-loan. As a result, it is also possible for people with BKR coding to borrow money. Because usually no BKR check is performed, this loan form has become enormously popular in a short period of time.
Compare mini-loan providers
As with all loans that you take out via the internet, it is also important to compare the mini-loan providers. The main reason why consumers take out a mini loan is that you can close it quickly and fairly anonymously. But there is a difference in the conditions of the various mini-loan providers. You must carefully consider what the possible closing and / or administration costs will be. The level of interest that you have to pay is also a point at which you should compare the mini-loan providers.
Request a mini loan … the benefits
The mini loan has many advantages if you are applying for a loan. A frequently heard reason is the speed with which the money is deposited into your account. The mini loan is therefore also referred to as the flash loan. You have the money in your account within a few days and in some cases already in a few minutes. Another advantage of applying for a mini loan is that the mini loan providers do not perform a BKR check. In the financial world, the mini-loan providers are one of the few who do not perform a BKR check and this is therefore a reason for many people to request a mini-loan. Borrowing money with BKR is therefore possible with a mini loan.
Mini loan disadvantages
Of course, there are also disadvantages to the mini-loan. A disadvantage of the mini loan is the speed with which it can be requested. It can happen in this way that you take out a mini-loan in an impulse. Because it is always better to think carefully before you take out a loan. Because the mini loan can also be taken out by SMS, the lender has almost no information about you, so that it cannot propose any other option that might have been more beneficial to you. And the last disadvantage may be the costs that you have to pay for the mini loan. With one mini-loan provider you pay interest and with the other transaction costs, these can sometimes be high.
You must always keep in mind that borrowing money always costs money! It is therefore better to save money or if you really need money quickly to borrow it from a friend or family member.