Payday loan / Minimum loan without Guarantor & Credit check

Why us

Why us

You will notice that in this article we recommend Zaloan as a party for your mini loan. Now there are not many parties who do this in the Netherlands at all. There have been many small and unreliable companies, but fortunately the AFM has set good rules for this.

Zaloan has been providing this type of financial services since 2005 in 23 countries worldwide and is also simply a listed company on the German DAX in Frankfurt. They are specialists in this field and have already helped more than 2 million customers. This makes them the market leader in Europe, the largest and reliable.

Calculation examples

Calculation examples

To show you what a mini loan costs at Zaloan, here are a few examples:

Mini loan (100 to 800 USD): You only need a small amount and borrow 200 USD. Then you pay this back after 30 days and you pay 2.16 USD in interest

Plus loan (600 to 1500 USD): You still need a slightly more substantial amount and you borrow 1500 USD. You pay back in two installments, half after one month, the other half after 2 months. The interest is then a total of 23.11 USD

Do you still need more money? Then a mini loan is not possible. Then use our loan comparison tool to find the best loan rate up to 75,000 USD.

Guarantee

Guarantee

There are a lot of advantages to a mini loan (see the other characteristics section below). As mentioned earlier, there is no check of your income or possible BKR statement. That is why a guarantee is required. The most economical option is a Personal Guarantor. So that you find someone who guarantees you, should you still not be able to pay back. You must then show a copy of his or her bank statement.

If that is not possible, or you don’t know anyone who wants to do this for you, you can always go for the External Guarantor. Then one is arranged for you by Zaloan, but beware this costs money! That way you can just take out a loan without a guarantor.

Credit check (BKR test)

Credit check (BKR test)

A mini loan is actually the only way to borrow money without checking whether you are creditworthy or whether you have a registration with the BKR in Tiel. They even say very nicely that everyone can make a financial mistake and deserve a second chance, but of course it is also very important that with an amount between € 100 and € 1,500 the risk for the lender is reasonable is limited. That’s why they dare to give you a loan without these checks.

This is of course a pretty nice feature because nowadays you soon have a BKR registration on your pants, even a telephone subscription or study debt with nowadays already as a loan. With a telephone this is from 250 USD on installment… Of course this is all meant to protect the consumer from getting into the money problems, but maybe it goes a bit too well?

Other characteristics

Other characteristics

To fully explain the mini loan / flash credit, here are the other advantages / disadvantages:

  • No documents required to apply for the loan. So no wage slip or other paperwork either.
  • The only thing you have to show is proof of identification. This means a passport, driver’s license or ID card.
  • No hassle or hassle in the application process, you don’t have to wait long for approval or a BKR review.
  • Requesting quickly is therefore possible. If you do your best it can be out the door in as little as 7 minutes.
  • If the application has been approved, the money is usually in your account within 24 hours and you can already spend it.
  • The loans have a short duration. This means that you have to pay it off quickly. The advantage of this is that the effective interest that you pay below the line is lower than a longer term. After all, you pay interest per time that you have the money. See the calculation examples above.

For consideration

For consideration

It is important to keep in mind / tangle between your ears that a mini loan is actually meant to bridge a short period. Of course, this is evident from the short duration, but we still want to emphasize it: you must be able to pay back after those 30-62 days!

When is this loan suitable ? For example, if you know that you will receive a salary again in a few weeks, a bonus, holiday pay, an inheritance, etc. but already want some money. For example, you may go on holiday now and want to buy a nice camera for it, a new diving equipment, skis / snowboard and so on. Whether your car / washing machine / dryer / refrigerator is broken and you must replace it now!

You can also opt for more regular loan forms such as a personal loan or revolving credit. But this is not possible without all the hassle of papers, documents, payslip, BKR check etc. And that is also only possible for higher amounts from 2000 USD and with a longer term, which means that you actually have more interest in interest.

You can also choose not to borrow. There are plenty of alternatives to borrowing. Consider, for example, saving more or earning extra money / earning money via the internet. The latter can also give you enough income, such as completing surveys for money can quickly yield a few hundred without much thought and it is fun too!

Always remember that borrowing money also costs money, although it seems so little. Other options are often cheaper. Only borrow money if it is justified and you do not get in trouble. Make sure that you can always keep living and not run out of money.

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