Are you looking for a suitable mini loan? On this page you will find all information about mini loans. What a mini loan exactly is and how it works. What the costs of this loan are and when exactly the loan must be repaid. Even if you have a BKR registration and how you can apply for a mini loan without a BKR assessment. You are at the right place if you want to borrow a small amount from 100 euros to a maximum of 1500 euros to bridge a short period.
Also called a flash credit, is a good solution if you need money fast and need a mini-loan urgently on your account. Please note that you can repay the loan and meet the conditions. This information can be found on this page. View the information pages below if you want to request a mini loan or compare all mini loan providers.
Borrow a small amount with a mini loan
You can request a mini loan from Zaloan or Eicredit from 100 euros and up to 1500 euros. Because the amounts involved are small and can be repaid quickly, a mini loan has a short duration of at least 15 days to at most 62 days. In most cases this is sufficient, for example, to bridge a month to your next salary. One month is simply more expensive than the other and if the period until the next salary is just a little too long, a mini loan can be an excellent solution.
How does a mini loan work?
A mini loan is different from a personal loan or the bank's revolving credit. With mini loan you can easily and quickly borrow a small amount online for a short period at Zaloan or Eicredit. If you want to borrow a certain amount, you must determine when you can repay this amount of money. The repayment period depends on the amount of your desired amount. You must also meet the conditions of the provider. Finally, you must have a friend, family member or acquaintance who wants to be your guarantor if you are unable to repay the loan. Do you not have a guarantor? Then you can choose an external party that guarantees you at a certain rate.
You can then apply online at Zaloan or Eicredit within 5 minutes.
The 4 steps of the application.
- Start online application
- Upload a copy of your ID and guarantor data
- Verify your bank account via iDeal with a € 0.01 booking
- If approved, you will receive the money within 24 hours.
How much can I borrow?
When applying for a mini loan it is mainly about the amount you want to borrow, when you expect to be able to pay it back and of course the costs. You can borrow from 100 euros up to an amount of 1500 euros. If you take out a mini-credit for the first time, you can borrow 400 euros. After that it can also be a loan of 500 euros or a loan of 1000 euros. This is why this small loan form differs from a regular loan. This allows you to borrow a relatively small amount.
When do I have to pay it back?
This depends on the amount you want to borrow. The term is shorter with a low amount and longer with the higher amount. The repayment period is always 15 days, 30 days, 45 days or 62 days. For loans from 100 euros to 500 euros, you have 15 days or 30 days to repay it. For loans from 500 euros to 1,000 euros you have 45 days or 62 days to repay it. And for the larger loans from 1000 euros to 1500 euros, you must repay the loan within 62 days. Zaloan and Eicredit have a handy tool on their website where you can easily see how much you can borrow and what the possibilities of repayment terms are.
Request online mini loan
You do not need to make an appointment with a bank or an office to request a mini loan. You don't even have to leave your house and this can be easily and quickly requested online. If you have been able to choose a suitable loan, you can request your loan on the site of the mini-loan provider. After passing on the amount and duration, you must provide your details and upload a copy of your ID. You must also choose a guarantee. This can be a person you know or an external company that does this for you at extra costs. You must then pass on your bank account and verify it by means of a transfer of 0.01 euros. After submitting, your data will be checked and if agreed, the desired amount will be in your account within 24 hours.
A mini loan emergency request
An urgent mini loan? Borrowing a small amount through a mini loan is known to be deposited into your account within 24 hours. Your application will be processed immediately and will generally be completed within 24 hours.
If you are in an emergency there are a number of things that can speed it up.
1. Check whether you meet the conditions.
2. Upload a valid ID document upload in color.
3. Make a test payment of € 0.01 from your specified account number in your name.
Mini loan without BKR review
Providers such as Zaloan and Eicredit can take out a mini loan without being tested for this at the BKR. They use a credit system that checks whether you can repay the loan. In addition, there is the guarantee. This can be a person you know with a fixed income or you can opt for an external party with whom the providers have a partnership. This means that you can borrow money with BKR registration and that no BKR review is done. Please note that you can repay the money at any time, because there are high costs involved if you do not. Do you have a mini loan and cannot pay it back? Then contact the provider for a payment arrangement.
Mini loan with BKR registration
Anyone who borrows money from a bank or other lender is registered with the Credit Registration Office in Tiel. For example, with a new application, these lenders can first obtain information about your financial history from the BKR and know for sure whether you can repay your loan. When taking out a mini loan, this assessment does not have to be, but the lender wants to be assured in another way that you can still pay back the amount, no matter how small. So it is possible to get a loan with a BKR registration.
Students or benefits
A minimening is for everyone. Whether you earn a lot or a little, have previously borrowed or not; a mini loan is a temporary credit that fills small gaps in your budget in the short term. Naturally, the providers of the loans do impose conditions when concluding a contract, even if it is only for a short period and the amounts are clear. The conditions are clearly explained on their websites. This way you know what you have to meet and the risks can be limited for everyone. It is therefore possible to take out a mini-credit as a student or with a benefit if you have a fixed income.
Mini loan without Payslip
Just as some providers are willing to provide a mini loan without checking your financial details with the BKR, there are also those who do not necessarily want to see a payslip. The underlying reason for this is that they regard the mini loan as a product that should be available to everyone. People without a fixed salary, or perhaps people from this group, can also use some extra financial support. Of course the mini loan is not a solution for long-term money problems, but you can also qualify for a mini loan without a payslip. You will then need a guarantor. Below you will find more about a guarantor.
Mini loan with a Guarantor
If you cannot provide a recent payslip and still want to have some extra money temporarily, then you can go to some providers with a personal guarantor. A personal guarantor is someone who is willing to act as guarantor for your loan. In the event that, despite the agreements made, you cannot reimburse the mini-loan on time, the lender is entitled to recover the money from your guarantor. Of course this is not your intention when you take out the mini loan, but for the lender it is a way to be sure that they run as little risk as possible when granting the loan.
Conditions of a mini loan
When applying for mini loans you should pay attention to the following. The amount of your mini loan, the duration of your mini loan and whether you are eligible for mini loans. The amount of mini loans are from 100 euros to an amount of 800 euros. The duration of the loan depends on the amount you want to borrow. For example, the duration with a loan of 100 euros is shorter than with a loan of 800 euros. This gives you time to repay the loan. Here you can choose from a duration of 15 days for small mini loans, 30 days or 45 days for the higher mini loans. To be eligible for a mini loan you must meet the following points.
- You live in the Netherlands
- You have the Dutch nationality
- You are between 21 and 70 years old
- You may need proof of income
Borrow sensibly and reliably
When you take out a loan, costs are always forbidden. For this reason we advise you to carefully check whether it is wise for you to borrow money. The repayment term with a mini loan for 15, 30 or 45 days. So you can decide for yourself which term is convenient for you. If you want to borrow a small amount of money, it is wise to look up information and get yourself well informed. This way you will not be faced with unexpected surprises. So only take out a loan if there are no doubts or uncertainties. If they are still there, contact the relevant mini loan provider.
A lot has changed since 2011. The Netherlands Authority for the Financial Markets, also known as AFM, had investigated 21 loan providers. Of these, 18 were in violation and 15 parties stopped offering flash credit. This makes it a lot more reliable for consumers to take out a small loan. For more information about loans, view the AFM brochure with tips on how to lend wisely. This way you can safely borrow money for an account or new purchase.