Find the best options for private money borrowing, with the lowest interest rates and the best terms. If you want to borrow money as a private individual, you can contact Lender & Spender for indirect loans via this platform or check one of the other providers for other private loans, such as bankate where you can go for a private loan from 1500 euros..
- If you want to borrow money from private individuals, the best thing to do in the Netherlands is Lender & Spender. Money For Each Other is also known as a good platform, but you first have to pay for your application there. The threshold there is therefore a lot higher.
- Providers such as Senduco and Cashlend have all stopped offering private loans. Read further below for more information about borrowing money from private individuals
- If you are just looking for a private loan, a loan for private individuals, check out the cheapest loan providers.
Borrow reliable private money
New platforms in the Netherlands such as Senduco, Lender & Spender, Cashlend and Money For Each Other are open for you to submit your loan application. You can borrow from Senduco for as little as 500 euros, but you can also apply for much larger amounts. Individuals register via this website to give credit and their risk is spread. Here you cannot find private money offered directly, but you can find individuals who give credit after you have made an application.
The costs of this form of borrowing money vary. With Money For Each Other, the best-known platform, you pay 150 euros after accepting your loan. In addition, you pay an interest of up to 14 percent. The interest costs naturally also depend on how high the risk is for the lender.
Senduco also has a 14 percent maximum interest rate, but does not have a fixed cost item of one hundred euros, such as Money For Each Other. Senduco does charge 1 percent service costs to the lender, and a variable percentage of extra costs to the lender. As they say it themselves:
As a borrower you pay a one-off administration fee. These costs vary between 0.50% and 3.75% of the credit sum. The exact amount depends on the duration of the credit and your creditworthiness.
To submit your credit application, you must explain a few things well. What do you need the money for? What are your income and what is your family situation? You must explain everything well and also give a good explanation. You must be able to ‘sell’ your credit application well.
There is no real alternative to these platforms for borrowing money from a private individual. You can try to find a private person via a platform such as Marktplaats, but whether this is also safe? Sometimes there are also individuals who want to borrow money, but who first want to receive money themselves. That is not reliable. Or perhaps there are other tricks that make the deal unreliable.
However, if you find a private person who is reliable, then it is best to put everything down on paper. It is important to make clear agreements and to register all payments. This is because this is a private loan and certain rules apply to it. You can view a model agreement here. You can use this as an example for your credit agreement.
Private lending without credit
A characteristic of private loans is that no mention is made here to the Credit Registration Office BKR. It is an example of borrowing money without BKR. Because this is about private loans. This only does not apply to the loans with Senduco and Money For Each Other. As required by law: both platforms report the loan to the BKR. These loans are therefore registered.
Private lending with bkr
Borrow money despite a negative BKR registrate? This can also be done via a private private loan. Applying for a loan with bkr via Senduco and Money For Each Other is also possible, but in almost all cases it appears to be impossible to get the loan.
The platforms check whether you have a BKR registration and then assess whether or not you can qualify for a loan. If you have a negative BKR, you can expect that the interest will be very high and the chance that you will actually receive a loan is small. If you want to borrow with BKR, take a look at the Borrow money with bkr page.