More and more people are taking out a mini loan in such a case. A mini loan is a loan for a relatively small amount. The amounts that can be borrowed with a mini loan are usually between € 50 and € 300. Taking out a mini loan is usually much easier than taking out a large loan. With a mini loan, everything goes faster than with a regular loan. The loan is taken out quickly and it makes it possible to borrow money immediately. The term of a mini loan is usually a few weeks. Most providers of mini loans do not perform tests at the Credit Registration Office ( BKR ).
Interest mini loan
As a rule, the borrower does not pay interest for a mini loan. Instead of interest, other costs are charged. These are so-called administration costs or handling costs. These costs usually amount to higher amounts than you would pay in interest for another loan.