When can I expect the money in my account?
Once you have completed the application, it will be assessed as soon as possible.
Once the application has been approved, your loan will be in your account within 24 hours.
Have you borrowed before? The money can be in your account within an hour.
Pay attention. Due to the processing time of the banks, this may possibly take a little longer. For an application that is approved during the weekend, the money will be in your account on the next working day.
When do I have to pay off my mini loan?
Depending on the loan amount that you have requested, the duration is between 15 and 62 days.
Can I pay off my mini loan earlier?
Yes, of course, that is possible. You must then transfer the entire agreed amount.
What should I do if I cannot pay back in time?
If, due to unexpected circumstances, you cannot pay your loan on or before the due date, we kindly request you to send an email to [email protected] That way we can make an arrangement. If you do not send e-mail, you may incur additional costs.
What is the maximum amount I can borrow?
For the first time you can apply for a loan up to an amount of 600 euros. It is possible that this amount will be lower after a possible credit assessment. With the 2nd application you can request the maximum amount of 1500 euros.
How much interest do I pay on the loan amount?
The interest rate is 13.99% on an annual basis. This amounts to 1.17% per month. For example, you borrow € 700 and you pay it back in one month: You then pay € 700 + € 8.16 (interest) = € 708.16.
What is a guarantor?
A guarantor is someone who guarantees your state during the loan. In this way the risk is reduced for both you and the lender. You can choose from a personal guarantee (someone from your private environment), or an external guarantee (this is a separate service that is not free).
How does the personal guarantee work
- First enter your own application details.
- In the next step, the details of the guarantor must be entered.
- The personal guarantor must send the following 3 documents:
- A copy of his / her ID
- A signed version of the agreement
- A bank statement (not older than 3 months) from the guarantor (copy or photo).
- When the guarantee is given by your spouse, he / she must sign the guarantee for approval.