Why apply for a mini loan? | Take out a mini-loan

What are the reasons for applying for a mini loan?

What are the reasons for applying for a mini loan?

For what would you perhaps apply for a mini loan? There are many reasons for which you could request a mini loan. One reason why many mini-loans are taken out is to be able to pay an invoice that really needs to be paid quickly. Because you are attached to the loan for 45 days at most, you are also quickly debt-free again.

Apply for a mini loan

Apply for a mini loan

As we already wrote, there are plenty of reasons for which you can request a mini loan. The main thing is that you want to borrow money quickly and also pay it back in a relatively short time.

If you know that after the term of the mini-loan there is enough money in the account again and the balance dip has disappeared, you can consider applying for a mini-loan if you are temporarily in a tight position. You can, of course, first ask friends or family if you can borrow money from them, which is a lot cheaper than borrowing money from a lender. When applying for a mini loan you must always bear in mind that you will be faced with additional costs. You pay interest and possibly also transaction costs.

Mini loan providers

Mini loan providers

To take out a mini loan you will have to go to a mini loan provider. You can do this online and via our website. In the Netherlands there are not so many mini-loan providers, but the lenders that offer a mini-loan are affiliated with the AFM. For you as a consumer, this means that you borrow money from financial institutions that are supervised and must comply with the rules. So no extremely high costs or interest. The two largest mini-loan providers in the Netherlands are Zaloan and Viloan. These companies have been active in the financial market for many years.

Borrow money without a payslip

Borrow money without a payslip

If you are going to apply for a mini loan, this is also possible if you have no work, which they call “borrowing without a payslip”. You must keep in mind that the mini loan must be repaid fairly quickly because the terms are not extremely long. So whether it is really wise to borrow money without a payslip is doubtful but you can best estimate that for yourself.