Applying for a mini loan is done quickly. Just “Google” the term mini loan and you will find several providers of the mini loans. The question is, what is the best provider? And which provider also has a cheap mini loan? That is the best question you can ask yourself before applying for a mini loan. Enough providers, but not comparing providers, may turn out to be expensive.
Where to apply for your mini loan?
To start with, it is of course best not to apply for a mini loan at all. A mini loan is not an advantageous form of borrowing money. But if borrowing money without BKR testing makes it possible, unfortunately almost the only form of borrowing money.
The best place to apply for your mini loan depends on your wishes. In any case, it is important to read the entire website of a provider before you start working with a provider.
There are quite a few providers that charge hefty costs. Try to clarify this in advance. Applying for a mini loan is fun, but taking out a cheap mini loan is much more important.
What does applying for a mini loan cost?
Applying for a mini loan costs you nothing besides some time. If you actually take out the mini loan, you will of course be charged costs. These costs can add up considerably. Only take out a mini loan if you really do not see any other options. The disadvantage with applying for a mini loan is that you often have to repay the mini loan within 30 and sometimes within 45 days.
Request alternatives for a mini loan
Applying for a mini loan is not the right way to borrow money cheaply. But sometimes there is no other way. You can hardly take out a loan anywhere with a negative BKR registration, a mini loan can then be the only option.
The alternatives are therefore scarce. The first alternative is to borrow money from acquaintances or family. This is often the most economical way to take out a loan. In addition, especially when it comes to small amounts, this is often a quick way of borrowing money. You usually pay little to no interest. The disadvantage is that with the family you prefer not to “get naked with the buttocks”. Money is usually still a private matter.
The other alternatives are borrowing money in the form of a revolving credit or a personal loan from a bank or credit intermediary. Unfortunately, if you have a negative BKR registration, you have no chance of succeeding. You may still be able to contact the Infra Bank. They do test against the BKR, but in some cases can ignore the result of this test.