When you decide to apply for a mini loan, you would like to do this as cheaply as possible and at the best interest rate. At the same time, you want it to be safe and you actually get the money into your account without ultimately having to pay back too much. In this article we tell you where you can take out your mini loan cheapest and safest. Read more about the number 1 and 2 mini-loan providers in the Netherlands.
Content of this article
First of all, we make a short trip to the question of what a mini loan is and for whom a mini loan can be interesting. Then we share our top 2 mini-loan providers with you and explain how they achieved this high position. We explain how you can find a cheap and safe mini loan. And finally, we explain how you compare loans and what you should pay attention to.
What is a mini loan?
The name says it all, a mini loan is a loan up to a relatively small amount of 1500 euros . The pleasant and unique thing about this loan is that it can be applied for by anyone in the Netherlands. You borrow this relatively small amount and repay it in a short time. Applying for the mini loan is easy online and can be carried out completely independently. When the application is approved, you will receive the money on your account the same day. Now that the GDPR legislation is in force in the Netherlands, all your personal data is well protected and cannot be shared with another party.
Who is a mini loan interesting for?
First of all, a mini loan is interesting if you want to borrow money quickly. If you are going to apply to the bank, you will have to submit a lot of paperwork and then wait a few working days for approval. Applying for a mini loan will be done a lot faster, easier and completely online. In addition, there are a number of situations in which you are not entitled to a revolving credit or a personal loan and you must therefore opt for the mini loan.
With a negative BKR registration
If you have a negative BKR registration in your name because you have structurally failed to repay a loan on time in the past, applying for a revolving credit or personal loan will be very difficult. A lender is obliged to request your details from the BKR. With this they want to avoid providing a loan to someone who may not be able to repay it on time. The good news is that lenders of a mini loan do not (have to) do a BKR check. Applying for a mini loan with a negative BKR registration is therefore possible.
Without pay slip
The first thing a regular bank will ask for is your pay slip. If you do not have one at the moment, applying for a revolving credit or personal loan will immediately become a lot more difficult. But luckily there is an alternative, the mini loan can also be applied for without a pay slip .
Without a permanent contract
If you do not have a permanent contract, it is possible that you can get a revolving credit or personal loan from the bank. You will only have to meet a number of conditions. For example, you must have been employed for at least 1 to 2 years, be at least 25 years old and you must not have a negative BKR registration. If you do not meet these three conditions, you can always choose to take out a mini loan. In that case, you will have insight into how much you can borrow within a few minutes and the application will most likely be approved, even if you do not have a permanent contract .
Cheapest mini loan
Perhaps it was already known to you, the interest rates of a mini loan are higher than those of a revolving credit or a personal loan. It is therefore a loan where you receive the money directly into your account and then repay it quickly. The interest that you pay on the amount to be borrowed can rise to a maximum of 13.99%. This is a legal maximum rate that the lenders have to adhere to since January 1, 2016. Have you ended up on a site where a higher interest rate is requested? Then don't go into the sea with that.
It is possible that a guarantor is requested for the application for a mini loan. If you want to keep the loan as cheap as possible, try to arrange this personally. If you have this done by an external company, you will have to pay extra for this.
200, 400, 600 euros quickly and safely on your account
Borrow quickly or urgently
Do you need a certain amount very quickly or even urgently? Then choose to quickly take out a mini loan. You can apply independently and online within 7 minutes. During this application you will not be asked for all kinds of complicated documents, which saves you a lot of time. In most cases, your application will also be approved. After this approval you will receive the money in your account within 24 to 48 hours.
Borrow a few hundred euros safely
Even if you want to borrow money quickly, you always want this to be done safely and with a reliable party. No one likes surprises in the small print. The good news is that mini loans can be taken out safely. Provided you do this with a reliable party. In the Netherlands it is best to opt for a mini loan from Ferratum or Saldodipje. We will tell you more about both lenders later in this article. There are some not reliable lenders of mini loans active in the Netherlands. By operating from abroad, they circumvent Dutch legislation and, for example, charge too much interest. Independently looking for a cheap party to take out your mini loan is therefore not without risk. If you do not want to run this risk, take it out with Ferratum or Saldodipje.
Compare mini loans
It is important to compare all lenders with each other. What percentage of interest do they charge and what conditions do you have to deal with? To get a good picture of a lender, you can request a quote before you immediately take out a loan. Always take into account additional costs that can still be charged. For example, in most cases it will cost extra money if you have an external company act as guarantor.
Top 2 mini-loan providers
In order to arrive at a top 2 of mini-loan providers, we have compared the providers on various points.
- Reliability
- Safety
- Speed
- Customer review
- Approval request
Number 1: Ferratum
comes first in the test Ferratum . It is a lender where you receive the money in your account within 24 hours after the application has been approved. The loan is applied for in 5 simple steps. These 5 steps can be performed within 7 minutes, without any paperwork.
You can borrow an amount of up to 1500 euros that you must repay in 62 days. Thanks to their own scoring system, it is no longer necessary to carry out a BKR registration. It is also possible with a negative BKR registration to take out a loan with Ferratum.
Customers rate Ferratum on average with three out of five stars. Your data is protected, thanks to the Personal Data Protection Act that they adhere to. Payment can be made easily and securely via Ideal.
If you submit an application, Ferratum has a very good chance that it will also be approved. This is in contrast to other lenders who maintain strict controls.
“With Ferratum and Saldodipje, the most applications of all active lenders are approved!”
Number 2: Saldodipje
The second is Balance Dip . It is also easy to apply for a loan online. Without having to go to the bank with all kinds of paperwork. If you have received an agreement on your application, you will receive the amount on your account within 24 hours (on working days). A customer service team is available Monday through Saturday.
On the website you will find 'Frequently asked questions' with a clear answer. That way you can read up well before you apply for a loan. It is a safe and reliable lender. They will never charge more than 13.99% interest on a loan. Your data is also well protected here thanks to the Personal Data Act, which Saldodipje adheres to.
An application is approved relatively quickly at Saldodipje. Thanks to a well-developed scoring system, they are, for example, also willing to provide a loan to people with a negative BKR registration.
Quick overview
Duration and costs
The term of the mini-loan with Ferratum and Saldodipje is between 2 and 9 weeks. They both use an interest rate of 13.99%. In the table below, the interest costs have been added to the loan amount and together they form the amount to be repaid. To give an indication, a number of loan amounts and terms have been chosen as an example. You are of course free in which amount between 100 and 1500 euros you decide to borrow. You are also free in the term you choose to repay the loan.
| Loan | Duration | Refund | Guarantor * |
| €100 | 15 | €110,53 | €10,89 |
| €500 | 30 | €505,41 | €110,00 |
| €700 | 45 | €711,39 | €225,65 |
| €1000 | 45 | €1015,02 | €280,20 |
| €1300 | 62 | €1321,25 | €569,50 |
| €1500 | 62 | €1525,11 | €658,78 |
* You only pay costs for a guarantor if you choose an external guarantor.
Borrow safely
Applying for a mini loan is safe. Unless you apply for the loan from an unreliable party. There are providers who are not very careful with the laws and regulations in the Netherlands. If you do not want to take any risk, you can assume that Ferratum and Saldodipje are both reliable parties. Do you still want to search online for an alternative? Then read carefully and check reviews before you take out a loan.
Compare loans
It is important to compare all lenders with each other. What percentage of interest do they charge and what conditions do you have to deal with? To get a good picture of a lender, you can request a quote before you immediately take out a loan. Always take into account additional costs that can still be charged. For example, in most cases it will cost extra money if you have an external company act as guarantor.
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