A microloan without credit check is actually borrowing a small amount without a credit check. You can borrow a maximum of 800 euros with this form of credit, which you first have to pay back quickly and secondly repay in one go, unlike the usual forms of borrowing, it is not possible to do this in installments. How do you apply for such a microloan or mini loan and what are the costs I have to incur. Read on to discover how you can save on costs and conclude with paying interest only.
Microloan without credit
The borrowing a small amount for a relatively short period of time is known as a mini loan. This form of borrowing has become particularly popular in recent years not only in the Netherlands but throughout Europe. This loan form is generally used as an advance on the salary because it can sometimes happen that you are temporarily out of money and are helped out of the fire this way.
How do you apply
Requesting a small amount is easy online, you answer the questions in a form and then you send it online. After this step, the lender will ask you to submit documents showing who you are, where you live and what your bank account number is. If you have completed all these steps, there is nothing to stand in the way of getting the requested amount approved. On Youtube you will find a short video that shows you how to apply for a mini loan.
Refused at your bank
If you have previously tried to apply for a loan from your bank and it has been rejected, this does not have to be an impediment to successfully applying for a microloan. When applying, no information is requested from the credit check, so you don’t have to worry about that, but it is, of course, important that you can pay off the amount that you are going to request. at the end of the month and then do not borrow much more than this amount.