What are mini loans in Belgium and how much money can you borrow

With a mini loan in Belgium, what conditions are applied and different types of mini loan are all there? These are questions that are answered on this website. To break the ice, here are a few mini-loan providers in Belgium in a row.

Credivite.be or Funding Square Bank Myline.

You can go online with these small loan providers that lend you money from 500 US dollars and they promise fast payment. With some it is all still quite difficult to get through the approval. There is no BKR review for a mini loan in Belgium, but a check at credit registration agencies. The rates that are charged are quite tough. The mini loan in Belgium only have a short term and you must be at least 21 years young and have a job.

To get a small loan at Credivite.be or Funding Square Bank Myline, you have to meet many conditions. For example, there are no possibilities for weekly workers through an employment agency, self-employed persons, sickness benefits, etc…. You must also have an income of at least 1200 US dollar pm.

Since the last amendment to the law, you can borrow money quickly in Belgium without testing and registration. I would not immediately want to believe it, but you can really borrow money quickly. For example, you can quickly borrow 500 US dollars on the Credivite.be website. Credivite provides small loans quickly and tries to earn extra money by making urgent transfers if the loan applicant asks for it or sends a text message for extra money.

You can also get an almost quick loan at Funding Square Bank Myline at this point. They also only charge a few cents for a loan. Please note that these companies have to earn money and that is mainly due to the urgent transfers and the fines for late repayment.

There are other companies, but these lenders provide loans up to 750 US dollars and call themselves specialists in short-term loans. It is easy to borrow money and no different because if you pay back everything on time, you only pay a few cents. You can only borrow a limited amount at Funding Square Bank Myline.

The latter is Auxifina.be, which claims to borrow money conveniently and reliably. You can borrow from these people and you must be repaid within the agreed period. You can borrow money quickly from 500 US dollars without further costs. Increasingly strict requirements are being set for these loans, which is why it is good to compare them. That does save some money.

When applying for a mini loan in Belgium, you must submit the following documents:

  • Copy of your bank statement in the last 45 days.
  • Copy of payslip of the last month.
  • Copy of valid Belgian ID

Mini loan in Belgium Apply without BKR

A mini loan in Belgium without BKR is quite possible because every lender weighs several factors when providing credit. A mini loan in Belgium is mainly reserved for people who need a small amount for a shorter period. Particularly among providers of mini-loans in Belgium, they often assess whether it is wise to provide a loan on the basis of other information.

Borrowing Belgium Without BKR with a mini loan.

A well-known provider of small loans is Funding Square Bank. You can borrow money quickly from this lender and you can borrow from 500 € to € 5500. The money will be in your account within 10 minutes. Actually, it is not a loan, they buy part of your future salary and pay it out now. There are more providers of mini-loans, such as Quickkrediet.be . Unfortunately, registration is not completely arranged online or the costs are not entirely clear. They are also official lenders, so borrowing without BKR is not possible. So inform yourself well before you take out a loan.

What is the BKR

BKR stands for Credit Registration Office and is located in Tiel. BKR informs affiliated organizations about loans that consumers have taken out. The BKR information helps companies to consider whether it is wise to provide credit.

If there have been problems with paying bills or paying off a loan in the past, you can get a 'BKR registration'. This can make borrowing money more difficult. BKR only informs the companies that ask for it. It is the lender who decides.
Is BKR testing decisive?

In addition to the BKR information, other factors weigh in when providing a loan. BKR only has data about credits, such as a flexible credit, credit limit on your checking account and credit card. It may therefore be that Mini Loan in Belgium Without BKR testing is not possible on other grounds than a BKR listing.

The lender collects all data. He decides on the basis of the available information whether a loan is justified.

How can you quickly borrow 200 US dollars in Belgium.

You could choose to quickly borrow 200 US dollars from our Belgian southern neighbors. You could do this because you do not want a BKR test and therefore want to bypass it. When you take out a loan in Belgium, you will therefore not be listed with the BKR. It may also be the case that a mini loan in Belgium is somewhat cheaper than in the Netherlands. There are a lot of advantages and disadvantages of all loans, wherever you take out them. There are a lot of offers in both countries, but where are you going to borrow your money?

Why would you as a Dutch person want to borrow money in Belgium?

It is of course possible that you are not eligible for a loan in the Netherlands. This by, for example, a BKR registration. In the Netherlands there are strict requirements for the provision of credit and of course not without reason. Borrowing 200 US dollars quickly in Belgium costs money and it is therefore often wiser to only take out a loan again once you have paid off all the loans. To prevent you from undergoing a BKR test or from being registered with BKR again, how can you quickly borrow 200 US dollars in Belgium . You could of course do that via the internet and then borrow money online, but you can also contact a Belgian lender by telephone. In the Netherlands we like control and the government is very fond of keeping an eye on everything. So if you do not want an extra check on your BKR registration , you can of course take out a mini loan in Belgium .

The Belgians Have Interesting Conditions Borrowing Money (online)

In addition to the fact that you do not get a BKR registration, there are also some more attractive conditions linked to borrowing money in Belgium. If the possibilities you have in the Netherlands are not enough for you, you can of course go to Belgium for this. It may be that the interest you have to pay on the loan taken out is somewhat lower than a similar loan in the Netherlands. In addition, the payment can often be spread a bit more easily at a bank in Belgium. In any case, be well informed.

Of course the standard questions are discussed. Such as the income that you receive monthly and what your current financial situation is, but also questions about your family and household will be asked. That way, the lender gets a little more insight and more information about the person they are going to borrow money from.

The most important question will undoubtedly be: "Why do you want to take out a loan in Belgium?"

It is of course an understandable question. There are a lot of ways to get money in the Netherlands. For example, you can borrow money online or borrow money privately. You can state as a reason that you do not want a BKR registration or that you find the conditions of the loan that you want to take out with this lender more attractive.

Which Belgian lenders can you go to?

Just like in the Netherlands, Belgium also has a wide range of lenders. For example, you can borrow money online in Belgium or simply visit a bank for a loan. There are various providers that you could possibly turn to. Some examples of how you can quickly borrow 200 US dollars in Belgium are:

  • Auxifina.be
  • Credivite.be
  • Creditpartner.be

There are of course more providers of mini-loan in Belgium and this is just a selection from the selection on our website .