A mini credit is a personal credit offered by banks, savings banks, credit institutions, private lenders and private lenders, to solve needs of urgent money of small amount, generally of no more than 600 euros.

The term of return of the mini fast loan also tends to be relatively short of a couple of months at most.

The main advantage of applying for a fast online mini credit is that it can be granted in a few hours without endorsement, without payroll, without asking for just documentation and without asking the reason for the credit. There are even credit institutions, private lenders and private lenders that offer fast online mini credit with ASNEF and RAI, even when unemployed. The biggest disadvantage is undoubtedly the high cost of credit.

Mini fast loan online

More and more fast online mini loan are requested and managed mostly online without moving from home and with little paperwork. They are offered mostly by credit institutions specialized in getting fast mini loan online in less than 24 or 48 hours.

While online mini-loans can solve specific problems of liquidity for contingencies, the cost of this type of credit is quite high, so you should carefully review the credit conditions, the interest rate, the commissions in case of delay in the payment of the credit, possible cancellation fees.

The interest rate of online mini-loans is quite high if we compare banks and savings accounts, so it is advisable to go to private lenders and private lenders who offer fast mini-loans online only at specific times. in which it does not have an endorsement or sufficient financial backing to go to banking entities. Before applying for a fast online mini credit, we will also have to make sure that we can meet your reimbursement within the indicated periods to avoid the risk of even increasing the debt.

Smartphone loans will enter our lives.

The smartphone has become the instrument that accompanies the increasing time periods of our days, so it’s no wonder that the actions that can be done through these devices are more and more , including, in a foreseeable future, that of obtaining personal loans .

To confirm all this come the news reported by the famous American agency Bloomberg , according to which the increasingly “smart” software will allow banks to monitor the operations carried out by their customers and their habits, thanks to the traces of the devices. In this way it will be easy to identify a reliability profile and possibly give consent to a loan operation, all in a measurable time frame even around 90 seconds .

Obviously such an operation would represent a real revolution in the sector, with Bloomberg that, based on data provided , indicates the emerging countries as a starting point for this operation. All of this by virtue of the fact that in these countries there are as many as 2 billion people who currently do not have a current account, moreover a substantial monetary base of 30,000 billion dollars is estimated.

The companies that try to make their way in this new sector are different, focusing all on the possibility of using algorithms that analyze the risks connected to customers via the web. To refine these techniques there are those who, like for example the German company Kreditech, are putting in place the possibility of granting micro loans from the amount of 100 €, so as to be able to concretely assess the risks, while there are other European countries where cell phone loans within 90 seconds are already practiced.

In short, it is only a matter of time and smartphone loans will enter our lives, with the bank who has already given his consent to the operation for the future.

The personal loan is a consumer credit product that provides for the disbursement of a pre-established amount repayable according to an amortization plan in constant installments.

It is also called “non-finalized financing”, as it is not necessarily aimed at the purchase of goods and / or services, but is intended to finance a private individual or a company that needs liquidity.

This type of financing is divided into two main categories: Salary Fiscal Assignment and Payment Delegation.
The absence of a purchased good or service, which can be used as a guarantee for a possible insolvency of the debtor, makes this product rather risky for the creditor. In some cases, the provider can ask for particular guarantees such as the signature of a co-obligor, a surety, the change of installments or the authorization to transfer part of their salary in the event of default.
The credit agreement for a personal loan is stipulated between the lender and the client; when the loan request is accepted, the money is granted directly to the contractor, without the intermediary of an agreement (dealer).
The obligation of the written form of the contract, under penalty of nullity, is to protect the consumer, as well as the obligation to indicate in the same the sum established, the methods of financing, the number, the amount and the maturity of installments, the interest rate and any other price and conditions envisaged for the disbursement of the loan, including any additional charges in the event of default.

The interest rate of the personal loan is mostly fixed and remains for the entire duration of the repayment of the money received,

on the basis of an amortization plan in fixed or constant installments.
The beneficiary has the right to extinguish the loan early compared to the agreed term, paying the remaining capital, interest, other charges accrued up to that time and, if provided for in the contract, an additional penalty (normally not exceeding 1% of the sum still to be paid).

In order to be defined as a loan and not a loan, the payable value must not exceed the limit established by law equal to 30,987.41 euros.

It can seem so easy, quickly take out a personal loan.

Especially when you just have that beautiful car in mind or when you want to buy a new television that you can also buy on payment. Then you always see the warning: “Pay attention to money costs money”. What does this actually mean?

The urge to take out a loan

Who does not know that feeling that you would like to buy something now? That new television or maybe even that nice car that you happen to run into. Of course, it does not always have to be big expenses, buying new clothes can also be a big drain on your bank account. You do not have enough savings or you’re short of cash. But you still need these new stuff. The urge to buy can make you decide to take out a loan or buy something on payment. Something as simple as Afterpay that you often encounter at webshops these days is also a temptation to click on “Buy now”.

Perhaps the interest rate is so low that you just let yourself be persuaded to take out a loan now. There may be a lot of reasons to take out a loan. That this does not happen without extra costs does everyone know? If people sometimes want to look over something, it is the fact that borrowing money also costs money. The government decided a few years ago to start an advertising campaign called “Pay attention, borrow money costs money”. This campaign is permanent and the warning always comes back to an advertisement about a loan.

Campaign borrowing money costs money

Many people have shown that they are not always attentive when money is borrowed. Especially for those who are not at home in the financial world, the banking system with its various loans is often opaque. That is why there are various rules and laws to protect the citizen from borrowing money. For example, it is not permitted to request usury loans for a loan, or to provide a loan to someone who is in financial trouble. The AFM (Financial Market Authority) keeps an eye on you to protect you.
So there is something more involved if you want to borrow money. That is why the advertising campaign “Pay attention, borrow money costs money” is so prominent in the picture. There are a few things you have to pay attention to when you take out a loan.

Pay off the loan

When you take out a loan, the total interest that you have to pay back is based on the interest rate. This means that, in addition to paying off the loan, interest must also be paid. These are the costs that are meant by “borrowing money costs money”. The interest rate of a loan can vary considerably depending on the type of loan and depends on the amount of the amount you want to borrow. It is therefore useful to always look at the current interest rate before a loan is taken out. Or even better compare loans first and then choose the loan that suits you. Think of penalty-free repayments and flexibility and make sure you can easily pay the monthly costs.

Reduce the cost of a loan

If you want to borrow money quickly or look for a loan at your convenience, the same rules apply. However , you want to borrow 500 euros or fifteen thousand you will eventually pay back more than you actually borrowed. The interest you pay if you want to borrow 500 euros is higher and the term of the loan is shorter. But then both loans are similar.
To prevent you from borrowing too much money than you actually can financially support, decide for yourself what you can miss monthly on repayment and interest. Then look at what you can borrow for this amount in order not to get into trouble. Always look further than your own bank for taking out a loan. You can easily compare loans on a comparison site like ” My personal loan “.
But even with the tips above to reduce costs, the slogan ” Money borrowing money ” remains in force.

Sometimes it happens that people take out a loan that they are not happy with afterwards, in which case a loan can offer a solution.

The loan ultimately turns out to be more expensive than you initially expected. The total amount of repayment and interest on your existing loan is higher than you would borrow the same amount again today. In that case, a loan can save you a lot of money.

What does a loan mean?

In short, a loan transfer comes down to the following. You take out a new loan with which you pay off your old loan in one go. For example, it may be that in the meantime the borrowing rate has fallen enormously, so that switching your old loan is interesting. The new loan has a lower interest rate and therefore lower expenses.

Moving a loan pays off

There are many different loans available and you can go to a lot of lenders to take out a loan. This makes the entire process of borrowing money cluttered if you are looking for the most suitable money loan. It is therefore not surprising that someone takes out a loan that he is not happy with later on.
After closing, you will discover that a cheaper loan with lower interest rates and better conditions exists at another bank. Crossing your old loan is the best option.

But can you just transfer your old loan?

Many families have taken out a loan for which they are no longer coming from. This has recently been given attention in the Radar television program. Since the closing of the loan, the interest rate has declined enormously, which makes a loan transfer interesting. However, in the terms of the loan it is stated that in case of early repayment a huge penalty interest is due so that early repayment is not interesting.

Of course, this is not neat from the bank where these people have taken out the loan, but the bank has the right to stick to the conditions.
Therefore, do not only look at the interest when you take out a loan but also at the conditions so that you can pay off without penalty in the interim. Read our article ” compare loans “.

Exchanging a loan, how does it work?

When you decide to transfer your loan, you take out a new loan from another or the same bank. Even if you still have to pay penalty interest, switching can be interesting. With the money from the new loan you will pay off your old loan. Because the new loan has lower costs, you could even borrow more money while the monthly expenses remain the same. However, a bank will never give you too much money. Maximum borrowing is not always wise. The bank looks for your income and monthly payments for the new loan amount.

The small print of the loan

When taking out a loan, always look carefully at the terms and conditions of the loan. In addition, be sensible and determine for yourself what you want to pay for monthly payments. Borrowing money costs money and it is a given that people do not always realize how much they can miss each month.

In order to prevent yourself being deeply indebted, you can be informed by the bank or money provider. This way you can take out the best-fitting loan. Whether you want to borrow a small amount or a large amount, avoid paying too much for your loan.
The terms of the loan therefore state whether you can redeem the loan early without paying a penalty interest. This allows you to always switch the loan and you have lower monthly payments.

If you want to borrow something more, We are a good option for a mini loan.

Receive your mini loan today?

If you would like to have extra money deposited into your bank account today, that would be easy with your calling credit. This involved small amounts of € 20 to a tenner, but as mentioned, this provider stopped this mini-loan.
 
Receiving your mini loan today will be difficult but will it be fast enough tomorrow?
You borrow a small amount and pay this mini-loan back in a maximum of 45 days. Handy for when you’re tight and need extra money.

Borrowing fast money: Minus loan

So a mini loan is nothing more than an ordinary loan, but for a small amount. You can not go to the ordinary bank if you want to borrow € 100 or € 200. People soon ask family or friends for money.

That is no longer necessary now that Ferratum also provides mini-exercises. And the best part is that you can have your money the next day.
Because it is a small amount to borrow up to 1500 Euro , no BKR review is done. Handy if you can not go anywhere else to quickly borrow a small amount. Only borrow if you are certain that you can repay the loan. 

Want extra money today, request a mini loan?

Depending on your bank, you can receive the desired amount in your account within 24 hours. The amount will be transferred quickly after approval of your request on working days so that you can quickly dispose of your money.

Extra money by retaining more per month

It sounds simple, but you can also save extra money by lowering your fixed costs. Known from the TV program “A dime on its side” is the website Demolishing the crisis . They offer the possibility to directly cut costs by saving on your telephone costs, internet costs and your gas and light costs. This way you also have extra money and you do not have to take out a mini loan.

With the crisis, the need for quick money of many people increases more and more.

In general, quick loans are usually requests for urgent mini-loan to solve specific liquidity problems. In this sense, fast loan online are being of great help to streamline the management and granting of personal loans and get the money quickly.

Financial institutions and private lenders offer quick, paperless online loans where it is not necessary to explain what the money is needed for, nor to present a bank guarantee. Some quick loan without papers we can have them available in less than 24 hours and some even in a few minutes with a phone call according to the amount of the credit.

Advantages of fast loan without papers

The main advantage of fast loans without papers is undoubtedly the almost immediate provision of urgent money. It should also be noted the ease of making the request for the personal loan over the Internet as if you decide to request the money over the phone. In many cases it is as simple as filling out a form with our data and sending it to the financial institution or private lender.

The possibility of requesting quick loan without papers , without questions and without guarantees makes the entire loan management process very comfortable and that almost anyone can get fast money to solve the problem or the urgency.

Disadvantages of fast loan without papers

When requesting quick loan without papers, it must be taken into account that it is a short-term financing. In no case should it contract fast loans without long-term papers given the high interest rates that financial institutions impose on this type of operation due to the risk of default that this entails.

Before applying for a quick credit without papers, you should make a quick credit comparison, study the characteristics and the small print of each one until you find the one that best suits your payment possibilities and your family economy.

That is why many entrepreneurs are looking for a microloans.

The Netherlands has thousands of companies in the small and medium-sized enterprises (SME) sector. This sector consists of many one-man businesses and smaller VOF companies, often with a somewhat lower budget. 

What is a microloans?

A microloans is a small loan for private individuals or entrepreneurs. A microloans is often a loan of up to 50,000 euros and has a shorter term than a regular loan. This type of business loan is often suitable for starting and existing entrepreneurs to prepare their working capital, or to bridge a loan gap.

Loan providers for a microloans

In the Netherlands, people are increasingly seeing a shift in loan applications. A number of years ago entrepreneurs often went to big banks. However, Dutch entrepreneurs are now increasingly claiming the so-called flexible loans. Banks are also gradually coming along with this shift. For example, we have made an overview for business owners with business loans .

Business loan for starting entrepreneurs

The Netherlands has many new registrations annually. Registrations often take place in the month of January, because people often see this as an opportune moment. When establishing your own company, there is often a lot involved. For example, a company often has to invest initially, which is often not possible with full equity. Borrowing direct money from a large bank is often not possible, because a company must be able to show annual figures. That is why starting entrepreneurs, who need a business loan, should look further than the regular way.

When a company has more equity, this gives confidence to a lender. However, there are many companies that have little equity. That is why it may be wise to look in the family circle, or there are some wealthy (loan) providers.

When some power is collected, an entrepreneur can look at a microloans. On our comparison page there are a number of loan providers for microloanss. Take a look, and compare the pros and cons by loan provider. View our page with business loans .

Before you take out a loan, it is nice to know how high the interest rate of a personal loan should be.

That way you can be sure that you are dealing with a fair party and a good deal. Of course, interest is not the only factor that is important in comparing loans. Also look at the duration, the amount of the fine in case of early repayment and such matters.

The interest rate of a personal loan can vary greatly among providers. We see, for example, that the interest on a loan of € 15,000 varies between 4.4% and 8.3%. This also has to do with other factors. For example, with the lenders for small amounts, such as ferratum , we are dealing with a high interest rate, but a short term. Because the term is short you only pay interest once or twice and you end up being cheaper. The longer the term, the more expensive the loan is.

A balance is often sought between the term and the level of interest. For example, different companies determine the level of their interest. The statutory maximum level of interest is 15%. When you touch that border, you can almost be sure that cheaper loans can be found. In practice, interest usually rises to around 10%.

Comparing interest from a personal loan

A handy website for comparing interest from different personal loans is mijnpersoonlijkelening.nl . Here you enter the amount to be borrowed, the term and the type of loan and the tool searches all kinds of different lenders on the internet. You will see a list with different minimum and maximum interest rates from different providers. It may be that your lender does not include this, but you will get a clear picture of whether you have a cheaper or a more expensive loan.

So it’s always handy to check how high the average interest rate is on your loan, before you take out a new loan. That way you know exactly which interest percentages you can think of.

Cheapest personal loan

The cheapest personal loan is one where the interest rate is low and the maturity is not too long. It is important here that you can pay off the loan in the short term. If this is simply not possible, you will have to go for a longer term and eventually lose a little more money.

The lowest interest rates we find with personal loans is about 4.1%. When you are dealing with this interest, you can speak of a very good appointment. Loans at banks are usually slightly more expensive, but then you have to deal with a reliable party. So please consider what is most important to you when you take out the loan, and how you can keep the costs small.

Request a personal loan

Applying for a loan is easy. Compare different providers, choose one that seems beneficial to you and visit the website of the lender. You can apply for a loan online and usually within 10 minutes. You wait for a possible BKR check and then usually hear within a week whether your loan has been approved. When you borrow Peer-to-peer, you avoid this control. Sometimes the full amount of your loan will be paid the same day.

To take out a loan means that you have to repay it. But what if it is against?

Taking out insurance can then provide a solution. Is this necessary and what are the possibilities?

Pay off the loan

If you take out a loan, the credit provider will check whether you can pay off or repay this loan. Based on, among other things, your income and obligations, it is determined whether and how much money you can borrow . However, no account is taken of unforeseen circumstances. It is important to think about this beforehand, especially if you have a partner or family.

Your loan in the event of death and incapacity for work

What happens to the loan on death of you or your partner? And what is the risk of incapacity for work or unemployment? These are things that you (rather) do not think about. Are you going to take out a loan then it is good to think about this beforehand.

End the loan with standard death cover

An analysis shows that a third of the people who take out a loan are covered by a death insurance. This concerns the loans or loans offered by major banks. The costs for this coverage have already been passed on in the interest rate of the loan, so that these loans are often somewhat more expensive. Pay attention to whether the entire debt is waived. Sometimes the entire loan is not insured but a maximum amount applies.

Loan with mortality risk insurance

If you are going to take out a credit that does not include standard death cover, you can also take out a life insurance policy yourself. You prevent your survivors from being saddled with a residual debt. You can easily take out this insurance loan yourself. You then pay a monthly premium on the insured amount. The insured amount will then be paid out on your death.

You can choose from a life insurance policy whereby the amount to be paid remains the same and a variant where the amount to be paid decreases. The first insurance fits best with a revolving credit and the second fits better with a personal loan. The minimum amount for a life insurance policy is € 10,000 (even if you borrow less). You can, however, cancel the insurance (after a year) immediately and without penalty.

Take out a loan with payment protection

If you become incapacitated or become unemployed, your income will decline. You can then run into problems with paying off the loan. With a payment protection you can insure yourself against this. You will receive a monthly payment and with that you can pay off the loan.

Taking out a loan with insurance is not compulsory

Unlike with a mortgage, a mortality risk insurance with a revolving credit or loan is not mandatory. It is up to the customer to assess the risk and take his or her responsibility.