Mini loan without BKR
A mini loan is a small loan of up to 1500 euros. The entire loan must be repaid within 30-62 days. In America, mini loans are called ‘payday loans’. A loan that is repaid immediately on the payday. Financiers abroad provide mini-loans to people with a negative BKR. The lender makes an assessment of whether it is justified to provide a mini-loan. Please note: the mini credit can only be requested if you have a permanent job with a minimum of 1000 euros in net income.
Take out a mini loan easily?
Although it can be easy to take out a mini loan with a negative BKR, there are some conditions. As a rule, one must have income from a permanent employment contract. The income must be at least 1000 euros net. Student finance is exclusive. People on benefits, temporary employees and self-employed persons are not eligible. The mini loan without BKR must be repaid in 1 x after 30 days. Or within 62 days if you borrow 1500 euros. If you want to borrow 1500 euros, you must have a reasonably good credit rating. The lender determines this on the basis of your data.
Unfortunately, the reality is that some of the customers cannot pay back their mini-credit on time. After a number of reminders, the lender will hand over the debt to a collection agency. The latter will try to collect the debt by sending bills plus collection costs and fines. These amounts can add up considerably. Therefore, only take out a mini-credit if you are sure that the loan can be repaid. Also check the possibilities with the municipal credit bank. They help people with the lowest incomes. A loan from the municipality will require considerably more time and paperwork.
Borrow 5000 euros: 4000 euros in deposit
Do you have no negative BKR coding and a permanent job? Then you may be eligible for a cheap loan. The minimum credit is 5,000 euros. With a revolving credit you can, for example, withdraw 1000 euros and leave the remaining part of this cheap loan on deposit. This means that the money can be withdrawn if needed. Money that is on deposit is paid no interest on it. It is only available.