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 test 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