Quickly borrow a small amount because you need money quickly? Know the possibilities and make a smart choice to be able to borrow a small amount immediately. Most people will opt for a quick mini loan. You can easily close this online without paperwork and with little hassle, but are quite expensive. Fortunately there are other cheaper options.
You can also borrow money directly from your bank account by requesting a ‘red check’ from your bank or by withdrawing money from your credit card immediately. For more information, see the info page: Direct Money Into Your Account.
The alternatives for a mini loan are countless. For example, had you already thought about getting a red card at the bank? This can usually be done online. You log in at the bank where you have an account and follow the links for red requests. Because the bank usually knows what your income is, you will have approved this within a day or so.
Small amount without income
Or have you already applied for a red card and have reached your limit, or do you have no income for a while? Borrowing money without income is easy to do via pledging items. If you have something of value, you can hand it in for money at a so-called Kumers or Megrabank. If you want to get your things back, return the money with the agreed interest costs. Voila.
Apply for a loan directly
However, if you have enough income, you can also choose to apply for a revolving credit. With a revolving credit you choose a loan with a certain maximum loan amount, for example 2500 or 5000 euros. But you don’t have to withdraw all this money, you can also withdraw a small amount. Once the loan has been approved, and this can be done within a few days, you simply withdraw a small amount, such as 50 euros or 500 euros.
The drawback of a revolving credit is that you are more likely to borrow money quickly. As a result, you easily fall into the temptation of living on the puff, living above your means. Spend more than you come in. This actually applies to many people. Perhaps it is then a wise idea to do something about your budget, to learn how to handle money properly.
Private Borrow money
You can also borrow money via the new CashLends platform. This is possible from an amount of 500 with a duration of six months. You can request your request directly. CashLends is a new platform for private money lending that brings together lenders and people who borrow money. You simply pay interest and a percentage of extra costs. These total costs may never exceed 14%.
Apply directly for credit card
Another possibility to quickly borrow a small amount is to request a credit card. With a credit card you can also transfer money to your bank account. You simply pay interest on it and you usually have to repay the amount after a month or two.
A credit card is very useful if you do not want a large loan right away and still want to have access to extra money. To get a credit card, you do need income and the BKR will also check your current arrears.