You would think that just about the entire Dutch municipality knows what a mini loan is. Still, the contact form on this website sometimes reaches me the question of what a mini loan is. Because I received this question several times, I will try to explain this. It is actually very simple and you can find a lot of information about it on the internet. The only problem with this is that a lot of this information is nonsense or irrelevant.
Tip: You can view and request mini loans at the very bottom?
But what is it then?
A mini loan has come over, just like the jeans, Mc. Donalds and other American troops from the United States. There, the mini-loan is known as the ‘payday loan’ and this form of credit has always been controversial. In America, however, the government does not get bored with anything, so this type of credit, just like in the rest of Europe (except the Netherlands), is permitted there. In the Netherlands, the government has to get involved in everything, so also with regard to the mini-loan, the Dutch government has once again exhibited a nuisance that the dogs don’t want to eat.
Hypocritical behavior of the government
Hypocritical is certainly forbidding the mini-loan. In particular if the extreme (roflol word) argument is used that the consumer must be protected against himself. Hypocritical in the sense that the Dutch government is the only government in the world that operates a chain of casinos. Besides, I don’t have to be protected against myself at all, I do decide what I do. Flicker nicely with an end to your rule and patronize. Go save the climate or something?
I had to get rid of the above. A mini loan is therefore a relatively small amount that must be repaid in a short time. With a mini loan you will always be faced with extra costs. This makes this form of credit expensive and actually quite unattractive. On the other hand, it’s a handy way to get hold of some cash quickly. You will be well informed on the website of the providers of this credit what your total costs have been lost. So don’t start crying and complaining afterwards that you feel fooled. After all, you don’t have to close it. If you find it too expensive, then you don’t want to do it.
How much can I borrow
How much you can borrow is very simple.
First time application: From € 100 up to € 600. If they don’t like you, it can also be less, depends on your income and such.
Follow-up question: From € 100 to € 1,500. If you have repaid the first loan properly, if you do not do this, you can start nagging for money somewhere else. Not with me by the way :).
All amounts up to € 1000 must be repaid in one go within 45 days. Amounts above that, with a maximum of € 1500, may be repaid in 2 installments, but always within 62 days.