You would only have it as a private individual, you want to borrow money but you have a negative bank registration. Fortunately, there is still a way out, because you can borrow money as a private individual without bank testing,
Such a credit is of course not comparable with a ‘normal loan’ such as a revolving credit or a personal loan, as a bank test is always performed. A possible listing there then gets a hefty mark on the bill because it is an important reason for rejection.
Borrowing Private Money Without bank Review
There is a big difference between private and business loans. Firstly, a private loan is registered with the bank and a business application and loan are not. Secondly, there are totally different rules for applying, and finally the use of the amount is very different.
Individuals borrow for a vacation, for a car, for a renovation, or for buying a house, while for business borrowing you need to think about purchasing equipment and renting business space.
Lenders without bank verification
There are a number of lenders active in the Netherlands who do not apply for a bank review when applying for a small loan, so you can qualify for borrowing a modest amount. You have to think of an amount that starts at 100 euros, with a maximum of around 1500 euros. Only private individuals can make use of this, borrowing for entrepreneurs is handled by other companies.
Why privately borrow
The concept of borrowing private money without bank naturally also creates some confusion, you can think that you mean to borrow money from a private individual. This is of course possible if you can go to family or friends, after all it is the cheapest solution to arrange it this way. You could also ask your employer if he or she is willing to give you an advance on your salary.
You actually do the same with taking out a mini loan or mini credit, but you do pay costs and interest, and you may not have to pay this to your employer.
But with the term described above, we actually assume that you want to take out a loan as a private individual. I will explain to you how you can do this.
Apply for a mini loan
If you are in the unfortunate position that you cannot borrow because of an earlier payment delay, then you are dependent on a mini loan, also known as mini credit. Here you can borrow a modest amount for a short period, you should actually see it as an advance on your salary.
You can request a mini loan from 100 euros. But beware, you must pay it back quickly within a maximum of 2 times, the maximum period set for this is currently 62 days.
Borrowing money without bank applies to the following amounts: € 100, € 200, € 300, € 400, € 500, € 600, € 700, € 800, € 900, € 1000, € 1100, € 1200, € 1300, € 1400 and € 1500.
What can I use a mini credit for
It may be that you suddenly come across a bill that should have already been paid, in such a case a mini loan can be a solution. But you can also temporarily be short of cash. You have to do groceries or fill up the car, or you have an expense to do that you didn’t expect.
Something has to be repaired that cannot wait, or there may be expensive days at the door where you have to buy everything. In such cases, private individuals can borrow money without offering a bank solution. Even if you go on holiday and want some extra pocket money it is a great solution.