Borrow money quickly and easily with

If you need money immediately because, for example, an unexpected account has fallen on the mat, a loan from is an option that may help you. Borrowing money online is sometimes the ideal solution to be able to pay a bill when you are short of money. However, you must ask yourself whether borrowing online is a structural solution! Borrowing money quickly online works as follows, you request it at or another flash loan provider and they will transfer the money to your account the same day if you meet all the conditions.

Advantages of

1: The money is usually in your account within 24 hours, allowing you to do whatever you want, pay your bills or make a purchase!

2: The rules for borrowing money quickly online by means of, for example, a mini loan or payday loan are very clear! You therefore know exactly where you stand when you start borrowing money online.

3: You will receive all papers online, including the contract with all the conditions that apply to your loan.

4: The amounts to be borrowed are relatively speaking not too high, the chance of borrowing too much is therefore smaller than with a revolving credit or a personal loan!

Of course there are also disadvantages associated with borrowing money quickly online. You must also know this in advance to be able to make a wise decision whether you want to borrow or not!

The disadvantages of

1: Avoid impulsive behavior, ask yourself carefully beforehand whether you really need the purchase ... Maybe it is wise to save before you buy what you want. In this way you save at least a lot of interest costs and advice costs that you have when taking out a mini loan!

2: The interest is much higher than with a more traditional loan form! In addition to the higher interest, you also pay consultancy costs, which means that the sum quickly increases ... You will then also wonder whether another form of loan is not better for you than quickly borrowing online.

3: Note: borrowing money costs money! This also applies to of course!

So you see, even with this form of borrowing you should not want to make a decision too quickly, think before you start is the old saying that applies well to this!

A payday loan from a balance dip: what is that?

During the daily ritual: reading the e-mail, I found an interesting message today. An e-mail on behalf of LendNow Bank, to promote the product Balance dip. I could borrow up to € 1500. And the best thing? It could still be in my account today. The above product is called a mini loan, or payday loan. The reason for this is that it is often a (relatively) small amount that is borrowed for a short period of time. Until 1 June 2011, this form of borrowing money was still outside the competence of the AFM. The internet is full of complaints from consumers, who by borrowing a small amount were saddled with hundreds of euros in collection costs.

From 1 June 2011, this form of borrowing has been included in the Consumer Credit Directive. This means that there must be clear information provision. The lender (in my case, LendNow Bank) also has a duty of care and must act transparently. On an annual basis, no more than 14% interest may be charged.

For whom is the mini loan of balance dip intended?

In the email I received (on behalf of Balance Dip ), some tips were mentioned on how to spend the money. That way I could go shopping with my friends for a day. A day at an amusement park should of course also not be missed. It therefore seems that this mini loan is aimed at young people, or people who can no longer get another money loan. This is understandable, of course, the majority of the population understands that taking out a loan for 30 or 60 days is a very expensive form of borrowing money. This loan was also taken out in “a flash”. So there is not much time for reflection.

How does the mini loan application work?

The site of Saldodipje provides clear information about this. For example, the applicant must be at least 21 years old and reside in the Netherlands. A minimum income of € 900 per month is also a requirement. After completing the application form on the website, a so-called credit check takes place automatically. This check checks whether you appear on lists of (known) defaulters. It is also checked whether the home / zip code entails an 'increased risk'. Is this the case? Then the loan will be rejected.

This check is performed by companies such as EDR Credit Services. Radar (see: has already paid attention to this. It can happen just like that that due to the (mis) behavior of a previous occupant, you will be classified as a defaulter. This is of course an extremely bad thing.

Approved, now what?

Has your mini loan been approved? Then Balance Dip sends you a text message with a confirmation. The amount you wanted to borrow will be deposited within the term you have chosen. From that moment on it is important to ensure that you pay back on time. Providers of mini-loans make use of the (for them) favorable Dutch collection legislation. This enables them to immediately charge € 40 in file costs, so that you are hunted down even further.


I am personally not a fan and supporter of this product, and certainly not the recruiting method. For example, I received an unsolicited e-mail in which I was promised all kinds of nice days. Do you have the same or different experience with borrowing money via a mini loan from balance dip? Then contact me. I want to collect the feedback to do more research into this form of borrowing and especially: its impact on the consumer.