A mini loan or mini credit without bkr is a small loan of less than a thousand euros that you pay back within a month. Apply directly for a mini credit ? The mini credit does have high costs, so pay attention. There are a number of mini-credit providers in the Netherlands. There you can immediately borrow a small amount from a few hundred euros to a maximum of 400 euros without BKR verification. A mini credit of 1000 euros or 1500 euros is only possible in certain cases.
- Tip: nowadays you can also get a loan of 1500 euros through the Spanish bank bankater, without extra high costs. If you opt for a revolving credit with bankater of 1500 euros, you do not have to take everything out of your loan immediately.
- You can request a mini-loan directly from Zaloan or Sandcash, but there are high costs involved.
- These costs are not immediately visible from the websites of the mini-loan providers.
- The risk of a mini loan is therefore high. The mini loan is therefore often discouraged.
- People with debts, a low income or a negative BKR registration in particular have to think carefully about whether they want a mini loan.
- There are also alternatives to the mini-loan that are cheaper.
Mini credit without credit
The mini-credit in the Netherlands is without BKR assessment. This means that no testing is done at the BKR. This must be officially, so that the providers know whether you currently have no other debts. But they don’t, because they are looking for people like you who can’t go anywhere else. Their business model is focused on this.
The conditions differ with the mini-credit providers, but the costs are generally the same: in addition to the interest costs, there are often additional costs of around 20% of the amount that you borrow. This also applies if you are going to apply for a mini credit without BKR assessment or a mini credit without documents.
If it is the first time that you are going to borrow money from these credit providers, then the maximum amount is usually no more than 400 euros. After that you can borrow up to 1500 euros (the so-called “plus loan”), but the costs are so huge that many people borrow more each month to pay off their debt from the previous month.
Mini credit with bkr
These providers do not do a credit check at the BKR and, in most cases, deposit the money in your account within a day. If you pay extra, a number of providers such as Viloan even have a mini credit within 10 minutes. These loans are especially popular among people who are looking to borrow money quickly without bkr review.
The costs of the mini loans are relatively high. The costs are between 15 and 35 percent of the amount that you borrow. These are not the interest costs, because the total interest costs are definitely not high. The interest costs are low because the loan amount itself is also low and the interest is subject to a legal maximum.
In terms of interest, you therefore spend no more than a few euros in total in costs. The costs are spent on extra things, such as borrowing money quickly without paperwork, or borrowing money quickly on your account.
Extra costs for mini credit
There are also providers who charge extra costs for a mandatory guarantor or for certain compulsory insurance policies. Officially, money loan providers are not allowed to charge such high costs at all. Thus the government says:
Regardless of the duration, all credits are subject to financial supervision. So that also applies to flash credits. The maximum interest rate for flash loans may not exceed the maximum credit compensation.
But most mini credit providers have found a solution for this. The costs are officially optional. You can also choose that you want to borrow money without the extra costs. But the paperwork often becomes very much for consumers. And that is why most people simply opt for the extra costs. And according to the providers of the mini-loans that is completely legal.
You usually pay the extra costs for the guarantee. This applies to a large number of providers of the mini-loans. They make this mandatory. If you take out a mini-loan with these providers, then you must make a guarantee arrangement.
The cost of this guarantee scheme is around 25 to 35 percent of the amount of money borrowed. The mini-loan providers also make it possible for you to arrange a guarantor yourself. In that case you do not have to pay any extra costs. An example of this provider is Zaloan.
Other providers of mini loans make other services mandatory for taking out a mini loan. Such as insurance. The costs of these insurance policies are therefore often just as high as 25 to 35% of the total amount that you borrow.
Some providers then deduct those costs from the borrowed money. You will therefore receive less money in your account. An example of this provider was Minicash, which has since stopped offering mini loans.
Borrow money quickly
Still other providers ask extra money if you do not want to fill in extra paperwork or if you want to have extra money in your account extra quickly. In this case, for example, applying for a mini-loan only costs interest. But if you want to have your application processed within 10 minutes or within 4 hours, instead of the standard 3 days, you pay extra money for this.
In addition, there is also the option to do less form work if you pay extra for this. An example of this provider is Viloan.
A mini loan is not without risk. It is therefore very important that you know what you are starting. Are you aware of the costs, and are you also sure that you can repay the entire loan plus the costs?