Take out a mini-loan without work
Borrowing with benefits? If you are temporarily out of work and therefore receive benefits, it may happen that you have a balance cap at the end of the month. The expenses are slightly higher than normal and it will take a while before your benefit will be paid. In that case you can request a mini loan. Please bear in mind that applying for a mini-loan also means that the loan must be repaid fairly quickly.
Apply for a mini loan
You live on benefits or you are in social assistance, with most loan forms it is not possible to apply for a loan in this situation. But applying for a mini-loan is possible in most cases, because applying for a mini-loan involves relatively small amounts. You can borrow a maximum of 1000 euros if you want to take out a mini loan.
Mini loan providers
If you receive a payment and you want to take out a mini loan, do not go with the first best mini loan provider. Comparing the mini loans is certainly a must in your case. By comparing the conditions of the mini-loan providers well and looking at what the costs of the mini-lenght are, you will find out where it is possible for you to take out a mini-loan on favorable terms and at low costs. Borrowing money always costs money and it pays to compare, especially when it comes to borrowing money.
Mini loan duration
There is a specific term attached to a mini loan, which is the period after which you have to repay the borrowed money to the lender. The terms vary per mini-loan and per lender. You must take into account maturities of 15, 30 and 45 days. The term is a part that you should be aware of because if you are late with paying back the mini loan you will receive a high fine.
Apply for a mini-loan without work
As you have read, you can still request a mini-loan without work, which gives you more financial room to pay your bills. Borrowing loans without work is also called “borrowing without a pay slip” and is only possible with the mini-loan providers. The rules for borrowing from a mini-loan provider have been tightened over the years, but it is still the only form of borrowing where you can even borrow without having a job and living on benefits.