Is a mini loan smart or not?

Applying for a mini loan starts immediately during the application, not so ideal and quickly. This, while the name suggests otherwise. With the application, a copy of the proof of identity, bank card and recent payslip must be sent immediately. In some cases, closing within 10 minutes is not an option, because all papers must first be processed by the lender. There can even be an immediate day's loss if the provider is at a different bank than the applicant. Do not forget that the loan starts immediately on the day the amount is transferred to you!

The mini loan, a bit unattractive

A flash loan is attractive for many people, because there is often no BKR check. On the other hand, the interest rate is many times higher than with other loans. With fines, this interest can rise to 600 percent on an annual basis. This interest is therefore calculated when repayment is not made on time or when 'super urgent' is requested.
In the market you see that some mini loans are offered by lenders without an AFM license. It is very unwise to borrow money from such providers. The AFM (Netherlands Authority for the Financial Markets) is precisely in favor of supervising lenders. The AFM supervises, among other things, misleading information and excessive costs that are passed on to consumers.

Flash loan, the same premise

A mini loan is also called a flash loan. It concerns a loan amount of under 1000 US dollar. This is often repaid within a period of a month. Providers of the mini loan usually do not charge interest, but do charge handling costs. And there is the catch. There is no statutory maximum amount for this. The provider can make this as high as he wants. In this way, much more can be demanded than interest on a loan. If the applicant is late with repayment, the provider can charge penalty interest. All this together can therefore lead to considerable costs! A mini loan is more expensive than a credit that you request from the bank or a credit insurer.

How do you recognize providers of payday loans? Most providers come across very loud, a few examples:
“Do you want money in your account quickly? Then take a quick look! ”
“Now a loan without BKR? It's possible with us! ”
“Benefit, but still borrow? No problem!"
“Unemployed, but still take out a loan? With us you immediately have money in your hands. ”

Did you know that many consumers start looking at flash loans when they have nowhere else to go? This, while these should be avoided, regardless of the financial situation. In 2019, no fewer than 250,000 mini-loans were provided. It is not for nothing that the internet is packed with complaints about this form of loan and many people have ended up in financial problems much further as a result.

Borrowing money without BKR testing is possible, but ...

Rather go for a credit with BKR testing. BKR (Office Credit Registration) ensures that you will not borrow too much financially. It is a protection for the consumer. The moment you do take out a loan without BKR testing, you can get into serious trouble. Lenders affiliated with BKR can see by obtaining information whether it is at all responsible to lend you an amount of money. If not, it is not to bother you but to protect you. BKR ensures that you will not borrow more than you can pay off. It's to avoid bigger problems. Borrowing money without BKR testing is possible, but whether it is (in some cases) also smart?

Borrow money with negative BKR registration

Borrow money with BKR . Not easy, but fortunately still possible. There are many misunderstandings about borrowing money with BKR. We are happy to help them out for you. Borrowing money with BKR can be done in different ways. But what should you pay attention to if you want to make it possible to borrow money with BKR? Where can you go? Are there any additional costs? And of course, what do people actually mean by Borrowing money with BKR registration?

Borrow money with BKR

Borrowing money with BKR can be thought in two ways. The first way is that you want to borrow money and want an assessment and registration to be done. This is because it is usually an inexpensive way of borrowing money. We do not assume on this website that this is the option you are looking for. Borrowing money with BKR usually means borrowing money with a negative BKR registration.
Unfortunately, this is no longer possible everywhere.

Borrow money with BKR registration

As indicated, the possibilities of borrowing money with BKR, also borrowing money with a negative BKR registration, are limited.
There are actually only a few parties you can turn to.

  • Borrow money in the form of a mini loan
  • Borrow money privately with BKR
  • Transfer your loan with the same bank
  • Borrow money from credit banks

Mini loan

The only real commercial way of borrowing money is borrowing money with BKR in the form of a mini loan. A mini loan is a small loan between $ 100 and $ 1,500. With a small mini loan you must repay the amount in one go within 30 days. With a larger mini loan, between $ 600 and $ 1500, you have the option to repay the amount in 2 installments. The big advantage is that no BKR assessment is done with a mini loan . In addition, there is also no BKR registration for such a small loan. A mini loan is therefore ideal if you need a small amount as quickly.

Borrow money privately with BKR

Borrowing money with BKR from private individuals is by far the simplest of all the forms mentioned. This is borrowing money from friends or acquaintances. Although asking for such a loan is of course never easy. The closing generally goes without paperwork, and you will soon have the money in your account, or in cash. Because your acquaintances or friends will generally not require a BKR review, this can also be a good form of borrowing money with BKR.

Transfer loan with BKR registration

Do you currently have a loan with a negative BKR registration? And do you pay more interest on it than “new” customers? Then there is a chance that it is possible to transfer your loan with BKR registration to an advantageous loan. You should not count on getting extra money in your hands. But it could very well be possible to refinance the loan. All it takes to do is contact your current lender. He can easily check for you what the possibilities are to in any case lower your interest. In this way you will not receive extra money, but you will be able to realize additional savings.

Borrow money from credit banks

Under certain conditions it may be possible to take out a loan from the Municipal Credit Bank. These banks do a BKR review and registration, but they deal with this more flexibly. They have the options to borrow money with BKR. You must, however, take into account with these parties that it may take some time before you can get your loan from the bank.

What do you have to pay attention to?

If you want to borrow money with a negative BKR registration, there are a number of things you should pay attention to.


Tip 1:
First of all, you may wonder whether it is possible to delete your negative BKR registration. There are parties in the market that claim that this is possible, such as Dynamite Netherlands for example. There are of course several such parties, but unfortunately not all are equally reliable. In any case, always try to pay as little as possible before working for you.


Tip 2
Don't get desperate. Do not make hasty decisions, no matter how tempting it may be if you have finally been able to make borrowing money with BKR registration possible. Still be critical. Unfortunately, there are still many people who want to take advantage of those in need. If you badly need the money, people will want to take advantage of it. Never pay an amount in advance to get a loan.


Tip 3
Do you already have a loan, and do you have a negative BKR registration on this loan? Then it may be that the banks have raised interest rates sharply in recent years. It can certainly pay to contact your bank to transfer the loan more cheaply. This may seem crazy, but it really is possible. Banks have been under considerable pressure in recent years to charge the same interest rate for both old and new customers.

Borrow online with a BKR registration info & options

If you already have a BKR registration, it is difficult to borrow money online because many popular credit providers first check before you can take out a loan. However, you soon have a BKR because there is very strict action with arrears, also when it concerns a few tens. Suppose you have ever had payment arrears with a Telecom provider of 30 US dollars, then you can already be registered with the BKR. If you want to borrow less than 1000 US dollars, there is plenty of opportunity to take out a loan with BKR registration. These so-called mini loans can be credited to your account the same day.

Is borrowing money online with a BKR registration sensible?

Let's face it, borrowing is almost never wise unless it concerns amounts as an investment such as a loan for a car or renovation. But you should avoid loans below 1000 US dollars to be able to buy some clothes or pay the energy bill quickly. Especially because you already have a BKR registration, the price to borrow is also more expensive because of the extra risk that you provide to the loan provider. So no, borrowing with BKR is not sensible, but sometimes necessary. Before you take out the loan, immediately try to make a plan how and when you will pay it off.

Borrow online with BKR registration? Compare the interest rates with the popular credit providers and request a brochure or take out a loan immediately.

Where can I go today with a BKR registration?

With the mini loan providers . Take a look at our page there you will find various credit providers. They offer loans without BKR registration, but the condition is that you pay off the amount within approximately 21 days. And if you do not comply with the conditions of the relevant companies, they will never provide a loan in the future. So if you do everything according to the rules, you can do fine. If you would like to take out a loan while you do not yet have a BKR registration, it is advisable to first look at our online borrowing page where you can compare loans.