Just borrow 500 euros. It’s a small amount, can’t it be difficult? The mini loan is well known, but there are also other options to quickly borrow 500 euros. You can of course visit family or friends, but you can also opt for standing in red, requesting revolving credit, requesting a loan from individuals and borrowing money with collateral.

Apply for a mini loan

The mini loan is an easy option to quickly borrow 500 euros. See below also the providers of a mini loan in the Netherlands. Note that the costs of a mini loan are relatively high. For example, if you choose a mini loan of 500 euros that you repay within a month, you can easily pay 150 euros in costs. That means that you have to pay back 650 euros after a month. A mini loan is therefore certainly not a good idea if you are in debt or if you are without income.

Are in red

You can often arrange a red request at your own bank in a few days. You can do that online in most cases. You then log in to your banking environment and look for the option of being in the red. If you already have the option to be in the red, you can also increase your credit limit. This can often be up to 1500 euros. Be careful with being red: you can be red for up to 3 months. You must have a positive balance at least once every 3 months.

If you want to borrow 500 euros quickly because you have reached the credit limit for the maximum period, then you can also quickly contact the bank to see if you can make a repayment arrangement. Sometimes there is the possibility to convert your red position into a short loan. You have to actively ask for that. You must then request a repayment arrangement. The option to be in the red is canceled and you have to repay a certain amount of credit each month.

Apply for ongoing credit

A revolving credit can be a smart option to borrow money quickly. With a revolving credit you can always borrow up to a certain amount. Suppose you choose a revolving credit of 2,500 euros. That means that you can withdraw 500 euros and that you still have 2000 euros left. That 2500 is your credit limit, you can always borrow extra up to that amount.

So you do have to repay a certain amount every month, but that is fairly flexible. The interest is also flexible and can change every year. You can also pay off in one go without having to pay a fine (for example, you pay that with a personal loan). A revolving credit is often linked to your credit card, but you can request it from any bank or intermediary. Then it is often just called different, for example a flexible credit or staggered payment facility.

Requesting a loan from private individuals

You can also contact private individuals for a loan from 500 euros. But often this is not really cost-effective. In 2016, this is only possible at the GoodCash platform. For example, placing a loan application is not cheap. To apply for a loan you have to pay 125 euros. The platform does this to raise a threshold. But someone who is shy about 500 euros will not have 125 euros to pay in advance.

However, with a number of other platforms it is possible to request a loan of 1500 euros. For example at CashLend that is possible. CashLend is another platform for borrowing money through crowdfunding that also attracts foreign investors. You can apply for the loan directly and the process is fairly easy, but unfortunately there is no guarantee that the loan will be placed.

Borrow money with collateral

Finally, it is also possible to quickly borrow 500 euros through collateral. This is a safe way of borrowing money because you run no risk of making debts. With collateral you can simply borrow money by leaving items that have value. This includes jewelery, bicycles, telephones and (game) computers. If you do not repay the loan on time, you run the risk of losing your things, because they will be sold. You can borrow money with collateral in most major cities. Search for the Lomelay in Amsterdam for example or Pawn shops in other cities.

 

Scarriefour not only offers sale of consumer products. In its shopping centers we can find other sections such as Travel and Financial Agency where you can process the application of your Scarriefour Pass credit card that is used to make purchases in your centers and request personal credits for any use and destination. The minimum amount that can be requested in Scarriefour is 3,000 euros and the maximum 30,000 euros up to 96 months to repay.

In this article, we are going to discuss how Scarriefour Personal Credits work, for what destination money can be requested, how loans can be requested at Scarriefour Financial, what requirements they ask for and what documents are necessary to process them.

Scarriefour Car Credit How long it takes to answer

With the Scarriefour Car Credit, you can request up to 30,000 euros and a maximum term to return the money of 96 months. The preferred interest rate for Scarriefour car loans is 6.90% for higher amounts. However, we inform you of other examples of loans and the type of interest applied:

– Scarriefour car loan of 6,000 euros to be repaid in 48 months, the interest rate would be 9.00% TIN and 14.62% APR. The letter to be paid would be 158.22 euros per month.

– Loan purchase vehicle for a amount of 12,000 euros to be repaid in 60 months, interest of 9% nominal (14.02% APR) and monthly fee of 132.99 euros.

– Scarriefour car loan of 18,000 euros to be repaid in 72 months, interest charged of 6.90% TIN with a APR of 9,955, including commissions and monthly letter of 329.15 euros.

– Once Scarriefour has all the necessary documentation and the requested information of personal and economic data, the time they can take to respond will be approximately one week.

Scarriefour Home Reform Credit

The Scarriefour loan for home renovations allows you to also request up to 30,000 euros of financing at an interest rate of 6.90% TIN which represents an APR of 9.76% when including the opening commission. The loan has no study expenses. However, the interest rate to be paid at Scarriefour depends on other factors and especially on the amount requested:

Some examples of Scarriefour loans for home renovations and purchase of furniture and appliances:

– Scarriefour loan of 5,000 euros to be repaid in 48 months at a nominal interest rate of 12.00% (APR 18.20%) a quota payable of 139.53.

– Scarriefour reforms credit amounting to 10,000 euros with repayment term up to 60 months, interest rate 9% (APR 14.02%) with monthly payable letter of 221.66

– Loan buys furniture in Scarriefour for 15,000 euros to be repaid in 72 months, the interest payable is 6.90% Nominal (APR 9.95%) and the resulting installment is 274.29 euros per month.

Pass Credit with Scarriefour Card

With the Scarriefour Pass Card you can pay all purchases made in all its shopping centers. When paying, choose cash payment or credit payment with the monthly fee you prefer.

Other advantages of having the Scarriefour Pass card.
1% of purchases in Scarriefour or in any store paying with the card.
– 4% discount at Cepsa Sevice stations.
– 8% discount at Scarriefour gas stations.
– 5% discount on phone bills contracted with Orange.
– 5% discount on contracting insurance.
– You can also have cash up to the limit of the card you requested in the Scarriefour financial.
– You can have up to 500 euros by requesting it in the line of boxes without paperwork or forms.

All the procedures of the pass card can be done online by entering the Scarriefour website in your Customer Zone or by downloading the Pass card APP.

Scarriefour Loan Simulator:

– How to calculate the loan installment in Scarriefour and the letter to be paid each month in Scarriefour Payday loans.

You can enter the amount of the personal credit or mortgage loan you want to request, the years you want to return the money and the interest you will pay and automatically inform you of the letter to pay each month with detail of capital and interest in each installment, that is to say what returns of the loan in each installment and what pays of interests. If the interest is in decimals, for example 9 point and a half, you must put it with a point, that is to say in this way 9.5 because if you insert the comma (,) the formula of the loan calculator does not work.

How to request Payday loans in Scarriefour, Requirements

To request a loan with personal guarantee in Scarriefour, first you have to choose the monthly installment that best suits your economic possibilities, taking into account as explained in the link to Requirements for loans, that said monthly fee It should not exceed 35% of net income for your payroll.

How long can Scarriefour take to grant a loan?

Scarriefour, like the rest of online financiers and banks, needs some time to study and analyze Loan requests. The delegation to authorize the credit does not have to have the office where it is requested and therefore, take a little more time to answer by having to send all the documents and explanations to its headquarters.

It is important, to facilitate the financial or the bank as far as possible that this study and analysis is faster by presenting all the necessary documents and giving all kinds of explanations. If we don’t do this, more time is wasted when Scarriefour has to ask us for more information.

The time it may take Scarriefour to answer our request will depend a lot on the amount of the operation. If the credit is less than 6,000 euros, it may not take long and they answer on the same day in 24 hours. If the amount is higher they can take up to a week.

Do you need money? Extra spending space or do you want to make a larger purchase? Then borrowing is an option, but you can also save for it. Save or borrow? What is the best then?

Saving is always cheaper. After all, with a loan you pay interest and after that you also spend a long time repaying everything. If you save, it won’t bother you. In fact, you receive interest on your savings account. Although that interest is very low nowadays. Saving is in any case cheaper than borrowing. But you need patience for this. If you want something, you want it immediately and not in a few months if you have saved for it. Yet this delay is good for your wallet.

Financial reserves

Has your washing machine failed and do you need a new one? Or does your car need to be repaired? These are all things you can save for. After all, you know that this will happen by saving, you can already anticipate this. Nibud advises to always have a buffer at hand to absorb financial setbacks. This way you can prevent yourself from getting into trouble and there is actually no longer a choice between saving or borrowing.

But how do you build up a reserve? By saving! It is best to open a savings account that matches your wishes. If you want to build up a financial buffer, it is handy if you can easily access your money. Long-term securing gives a higher interest rate, but if you can’t reach your money then it won’t help you if you need it.

Savings tips

Perhaps you wonder how you can save if you run out of money at the end of the month? Then make a list with your income and expenses. Probably there is still some room left after all the necessary expenses. In that case you can choose to transfer money directly to your savings account once your salary has been paid. This is possible with an automatic transfer so that you do not have to think about it yourself. You choose an amount yourself, as much as you think you can miss. Just because it is directly debited from your account, you will not miss it. And if you miss it, the amount might be a little too large. If you save for a specific purpose, your motivation to save will also be greater. Don’t be tempted to withdraw money from your savings account if this is not immediately necessary. Financial windfalls such as a tax refund, holiday pay or 13th month can also be (partially) transferred to your savings account. Even if you have already saved up a nice sum, just keep saving. When you need it, you also have to supplement it. 

Save on your fixed costs

In addition to saving on your savings account, you can also save. Namely on your fixed costs. Check your fixed costs. A magazine subscription that nobody reads? Terminate! Can your insurance policies be cheaper elsewhere? Find it out. Save on your energy bill by another provider but also by being economical in your use. So do not shower for too long, do not leave lamps on unnecessarily, chargers from the socket when you are not using them etc. Do your shopping at a cheaper store and pay attention to the offers and seasonal products. Do you already have a loan? Perhaps your loan transfer is cheaper. Ask your lender about this. All tips that can save you a lot.

Yet most savings can be achieved on your fixed costs. Things like insurance, energy, internet and telephone are being forgotten. While you may have been paying way too much for years. The savings coach helps you to find the best providers for your fixed costs. You can register for free to gain insight into your fixed costs. You can immediately see if there are other providers that are cheaper. And thanks to the saving alarm you will never be late with canceling. By saving, you save money every month. You can use this money to save in order to build up your buffer. The choice between saving or borrowing becomes a lot easier.

Borrow money anyway

Yet saving is not always the answer to the question saving or borrowing. It takes time to collect a financial buffer. Time you don’t have if your washing machine has just been broken or your car needs to be repaired. Or maybe you can start with a very good job that is not accessible by public transport and for which you need a car. Or you want to start your own business and need some starting capital for this. In those cases, borrowing money is sometimes the only option. If you still need to borrow for your purchase, make sure you are well informed. Borrowing money costs money, and you prefer to keep those costs as low as possible and pay off your loan as quickly as possible. The differences can be large, especially with regard to repayments. With many providers you pay a fine if you want to pay off early. This fine is the compensation for the provider for the missed interest. So always check the conditions to prevent you from being committed to a loan for years to come.

In short, when a choice has to be made between saving or borrowing, saving is always cheaper. Make sure you have sufficient reserves to be able to absorb financial setbacks. Do you not yet need a buffer but do you need money? Then borrowing money is certainly possible. Make sure that you borrow responsibly and that you are properly informed about the possibilities and the risks. 

Advantages of requesting small-credits 

In addition to being fast online loans, the main advantage of applying for a loan in is that it is an interest-free loan or zero interest credit.

That means that if you apply for 3,00 euros on your first loan, you will only have to return those 300 euros within the maturity period you select, which can be 7 days, 14 days or 30 days.

But the fact that we are talking about free small credit is not the only advantage of opting to apply for a loan online.

It is important to mention that the platform requires the minimum paperwork and that, at most, it can request a photocopy of your ID or NIE and a bank statement of the last three months to check your monthly income.

And the latter leads us to another advantage of ‘s 300 euros small credits: without payroll, that is, it is not necessary to have a payroll to access financing.

If you add to all this that the customer service that the company performs by phone is brilliant, there is little doubt that is one of the best online financial institutions to apply for a free small loan today.

How to apply for a quick loan in a step by step

The vast majority of online financial institutions where you can apply for online loans are really easy to use, and the case is a clear example of this.

To receive a transfer of money corresponding to the request for a loan in just minutes it is only necessary to meet a series of requirements and fill out the loan application available through the website

Requirements to request a loan in

To access ‘s free mini-credits, apart from being a new customer and requesting your first loan, you must meet a series of requirements for the approval of the application to take place:

• You have to be over 23 years old, under 75 years old and resident in Spain.
• You must provide your valid ID or NIE.
• Prove that you have a bank account in your name and have an active credit or debit card.
• Have a mobile phone where you can receive an SMS.
• Show bank statements for the last 3 months (special cases)
  • Normally, meeting the above requirements it is not necessary to provide any additional documentation, hence credits are considered mini-credits without paperwork.

As you will see, these are loans without payroll, given that the only requirement could require is the availability of a sufficient monthly income to cover the repayment of the loan once approved. This income may come from a benefit, pension or any other legal income.

Of course, if you do not have a payroll, it is most likely necessary to send a proof of income that guarantees that you can face the return of the requested money.

Application for mini-credit and response at the moment

The online platform of Dinerio SLU offers the possibility of requesting an online loan through your .es domain or making the request via telephone.

Whichever option is chosen by the future borrower, if it is your first loan you should know that you can request up to 300 euros that will be increased up to 750 euros in subsequent applications. It is important to note that these limits are not fixed, but vary depending on the study and analysis of the solvency of each client.

In addition to selecting the amount of money you need in the simulator, you will have to choose in what period you want to return it. You have the option to select the return in 7, 14 or 30 days.

With the amount of money and the return period already selected, the simulator itself will show you the total amount to be returned and the deadline for return. In the case that it is your first loan and you request 300 euros in 30 days you will have to return that amount, with 0 commissions, within 30 days.

Once you have selected the data and having clicked on the red button “get your loan” you will be redirected to identify yourself with your ID or NIE and accept the privacy policy. You must fill in your personal information in what will be your loan application and wait for the resolution. Once the team of professionals analyzes your request, one of three things can happen:

• May your loan be approved . In this case you will receive an SMS in the mobile phone number that you indicated in the request. The next step will be to receive the money in your bank account through a direct bank transfer made by the entity.
• That your loan is pre-approved. This means that you have almost done it, but you need to expand information by attaching proof of income or personal identification. This is usually done by sending the bank statement of the last three months and/or attaching a photocopy of the DNI.
• May your loan be rejected. There is very little chance of this happening but may reject your fast small loan application. If this is your case, do not worry, you can request it again in a few days.

Costs and interests of mini-credits

How much does it cost to ask for a small loan at? Well, it is a very generic question that does not have a simple answer in the case of most online financiers, but it does in the case of .

The interest on your first loan will be 0. Not one euro more, not one euro less: zero. This means that if you request 300 euros in 30 days, after that period of time, you will return just the 300 euros requested, at no extra cost.

That happens only in the cases of new clients requesting their first loan, but for the old clients the interest is calculated based on the amounts of money requested and the repayment terms.

Loan repayment

When the loan repayment date you previously selected (7, 14 or 30 days) arrives, you will have the obligation, as a borrower of the loan contract, to return the corresponding amount of money.

Keep in mind, whatever method of repayment of the loan you choose, it will be necessary to identify the income of the money through the reference of the loan or your DNI/NIE. So will know to which client the bank transfer corresponds and will cancel the loan contract on the scheduled date.

Non-payment of loan

It is possible that, upon the expiration date, you may not be able to refund the amount due. In these cases there is the possibility of extending the loan for another 30 days, but in this case you will have to pay a commission for deferment.

If you do not pay your loan and do not request a deferment of payment, will have the right to include your name in a credit default file and add a 1% daily penalty to the amount due.

And if you refuse to pay the total amount you owe to the financial one, you may end up going to court to solve the problem judicially.

If your case is just the opposite and you decide to advance the loan repayment you should know that will reward you in future loan applications with more advantageous financing conditions.

In short, ‘s free mini-loans offer very good conditions to new customers since they have access to 300 euros without paying any interest or commission. If you need a quick mini-loan and urgently receive the money in your bank account, fill out the loan application now and receive your money in minutes.

If you have decided to lastly renovate your house then you will have to look for borrowing money for that renovation, it usually will go well in the papers and when you do not have enough savings you will still have to ask for help from the lender. But which credit score is eligible for this plus over what period are you going to pay back.

Could it be about a major renovation that could cost around € fifty, 000 then it might be a remedy to think about a second mortgage. When it is a lower amount, you can choose a revolving credit or a personal bank loan.

Borrow the cash for a renovation

It really is probably one of the most useful occasions to take out a loan, since following the renovation your house will probably be really worth more and you can see the mortgage as an investment that may spend on itself later. This is obviously about a house for sale, prior to refurbishing a rental home you will not see the investment again, in addition, to wonder whether this really is useful or not.

Second mortgage

Another mortgage can be a solution when the amount you want to spend on redesigning your house is a substantial quantity. The advantage of a second mortgage is that you simply can repay it over the very long term so that you pay back a very modest amount every month. There are also several tax advantages so that you can deduct the interest with this loan on your annual taxes return.

Yet there are also some disadvantages, specifically if you want to start quickly, another mortgage application can take quite a long time, but generally you have to go to the notary, which in turn entails all kinds of expenses. The application also takes lengthier, but you have to take it into consideration for around two weeks.

Personal loan

You can obtain a personal loan quickly and when authorized, the loan is generally distributed around you immediately. You can proceed from an amount of € five thousand with a maximum of more than € 100, 000. Of course you’ll want enough income to be entitled, the advantage of this form of credit is that you have money rapidly at your disposal, you do not have to go to the notary, so you also have no extra costs.

The revolving credit is made accessible to you via a separate account along with a personal you can be eligible for the tax deduction with regard to curiosity.

Renovation loan

The tax authorities have got drawn up a number of rules for any so-called renovation loan. Learn these rules carefully to be able to claim the interest deduction. Among the rules is that you can only make use of the money from the revolving credit score or personal loan for the restoration, this means that you carefully maintain all receipts so that you can verify this later.

Also, the loan might not be deposited into an existing account, so you must open a different account with the bank with this. These are just a few examples of situations that you must meet, the good examples are incomplete and it is as a result advisable to check the website from the tax authorities to see exactly what all the conditions are for any renovation loan.

Need money immediately and you think about borrowing money quickly? Borrowing money today is possible with a fast loan. You can borrow money within 24 hours. Do you want to quickly borrow a small amount such as 100 or 500 euros or 1000, 2500 or 5000 euros? View all types of loans here, the fastest providers and options for fast online money borrowing and special loan shops. Learn more at http://vivrele.net

• With a mini loan you can borrow money within 10 minutes. You can request a mini loan directly from Merratu or Dapodle.
• These providers promise money in your account within 24 hours, but there are extra costs involved. Those costs are around 25 to 35% on top of the interest.
• Borrowing without extra costs is possible at Nederlands Krediet Group. Here you can request a loan such as a personal loan or revolving credit. Within 20 minutes you have an answer to your application and you have all your proofs ready, then you can receive the money in your account within 2 working days if you have a positive application.
• At Bankate you can have everything arranged within 1 or 2 days. You can borrow from 1500 euros. If you opt for a revolving credit with Bankate of 1500 euros, you do not have to take everything directly from your loan.
• If you already have a credit card, you can also borrow money with your card today. If you want a credit card for the future, then compare the annual costs for the credit card and for the spread repayment facility.
• You can also borrow money directly through your own bank. Request red online. Or another loan. You can usually arrange this within a week.
• If you want quick cash in your hands and really want to borrow money quickly.  Here you can borrow cash directly with collateral.
• If you want to borrow money to buy things, check out the alternatives such as buying things and paying afterwards without paying extra interest. This is possible without extra costs at many webshops in the Netherlands. You then pay a few weeks to a month after receiving your new items.

Quickly borrow money online

There are several options for quickly borrowing money online. If you want to borrow a small amount quickly, you can request a mini loan. A mini loan can be arranged within 10 minutes. The money is often deposited the same day (but note : this loan is relatively expensive).

Want to borrow more money or would you rather not borrow so expensive, you can also instant quote for revolving credit or a personal loan applications. That is possible at a number of providers from 500 euros to thousands of euros. You usually receive your answer and a quote fairly quickly and if everything goes smoothly you can receive the money at most providers within a week.

Do you want a provider that thinks along? Then choose Dutch Credit Group. They have a competitive offer and if you send the required documents directly, you can already have the money in your account after 1 or 2 working days. Nederlands Credit Incorp. offers loans from various banks from home and abroad. They have many tips and can also advise you well about the loans.

Borrow money quickly through your bank

An easy way to borrow money quickly is at your own bank. You can quickly request a flexible credit there or increase your red-standing limit. You can do that online and in many cases simply without paperwork. Your bank already knows exactly how much money comes in every month and can approve a request within 1 to a few working days, after which you can immediately withdraw extra money.

The fastest way to get credit is to increase your red standing limit or request red standing. If you have not yet done so, it is often difficult to increase this limit. A number of banks also have a form of continuous credit that allows you to stay longer and also borrow more money. You can usually just request this in your online banking environment. This continuous credit is a form of a continuous credit (see below) and is usually more expensive.

In addition, you can usually get a loan from your own bank fairly quickly, such as a revolving or flexible credit or a personal loan from your bank. That way you can borrow more money. If all the details are already known to the bank such as your income, this will cost you little or no paperwork. Moreover, a loan can also be arranged simply via your banking app. This must really be arranged within one or two working days. Note that the interest costs are often somewhat higher than other providers.

Borrow a small amount quickly

Many people who need money quickly are often shy of relatively low amounts. It is then perhaps 100 euros, or a few hundred euros. We are talking about unforeseen expenses and that people need money quickly to be able to buy or replace something. However, if you need a larger amount, for example 5000 euros or even higher, you can usually only arrange that by applying for a loan such as a so-called personal loan, or a flexible or revolving credit.

But there are also other options. For example, it is also possible to sell something expensive quickly, such as a car and still keep driving. This is called selling and releasing your car. It is not the same as collateral, because you really have lost ownership, but it is comparable. In addition, there are often opportunities to borrow money quickly without taking out a loan, for example to increase the mortgage or through other similar solutions.

Borrow money quickly with credit card

Another easy way to borrow money quickly is through your credit card. You can often simply transfer money online via your credit card to your bank account. This is then done immediately. You can often have the money in your bank account within a day, up to two working days.

You can usually also withdraw money with your credit card. If you do not have a pin number with your card (yet), you can request one online. If you do not have a credit card yet, you can also request one via your bank, or you can also request this directly from the ICS – the largest credit card bank in the Netherlands. You can then choose from different Visa cards and you are usually offered 2,500 euros in credit as standard.

Borrow money quickly without bkr

There are also people looking to borrow money quickly without BKR review. With most loan providers, the BKR checks to see whether you already have loans outstanding or payment arrears. It is checked whether your credit score is and whether you are creditworthy. If you then have a negative BKR registration, this means that you have payment arrears from the past, for example because you have been red at the bank for more than three months.

If you still want to borrow money quickly with bkr, then this is often only possible through mini loans or by pledging your own things. The mini loans have the disadvantage that they are very expensive, yet they are very popular with people with debts. Pledging stuff is often a better option if you don’t want to get deeper into debt and if you want to borrow money cheaply. This is one of the most secure and fast ways to borrow money. 

Fast money without papers

If you need money quickly and cash in your hands, you can have it arranged within a few hours by pledging your belongings. You then leave some of your belongings at a pawnshop and you immediately receive money. If you want the things back, then return the money including interest. You can pledge things in almost all major cities. You can think of pawning jewelry but also a computer, telephone, scooter, car or xbox. In many cases you have to take the proof of purchase with you.

Borrowing money quickly online without paperwork is also something a large number of people are looking for. Simply complete an online form and have money in your account immediately. And preferably without a BKR check too. That is possible, and there are providers of these quick money loans. These are also often the mini loans, but these still cost you 25-35% on top of the loan and are therefore very expensive. So they bring a lot of risk.

Buy items and pay afterwards

If you want to borrow money quickly because you need new things, then it is also possible to buy things without paying immediately. An increasing number of stores offers this for free. You then pay no interest. This is especially the case with online stores. You then pay for your items within 2 to 4 weeks after receiving the items that you have purchased.

With payment you choose the option pay afterwards. If you do not pay on time then you will receive a reminder and then a reminder. This takes at least 3 weeks without having to pay extra costs such as collection costs, this only happens afterwards. If you are looking for a loan to buy a broken laptop quickly, for example, paying afterwards is in many cases a much cheaper option than borrowing money.

Please note that you do not have to pay interest. This is not the case with payment afterwards, but with payment on surrender it is. Then the interest often rises quickly. Taking out such a loan can usually be quick, which is certainly an advantage. Other options are stores that use Afterpay, with this service you only pay extra service costs if you want to pay back in installments. Paying afterwards (within 2 weeks) is free. If you have not paid yet, you will receive a reminder and then a reminder. 

Quickly borrow money with debts

If you have a bailiff who comes by or a bill that must be paid immediately and you therefore need money quickly, it is often also possible to make an arrangement with your creditor. Bailiffs and most collection agencies are not too difficult about this. This is also called a payment arrangement.

If you want a payment plan, you often have to make a first down payment of part of the debt immediately. Moreover, you often have to make a proposal yourself. Consider here what you can pay and in how many installments. For example, calculate in four or six months. Sometimes collection agencies charge extra costs for a payment arrangement. According to the law, the costs of this may never exceed the statutory interest.

If you are in debt, it is a good idea to work on debt settlements anyway. There are enough options. You can also get a loan through the municipality to pay off outstanding debts in one go. In addition, the government offers debt assistance. You can work with help or independently to pay off your debts.

Risks of fast loans

If you need money quickly and want to start borrowing, you may pay little attention to the costs of the loans. Moreover, it is not always immediately clear what the costs of a loan are. The mini loan, for example, has many hidden costs that are not immediately clear. Many people only realize this when they have applied for the loan.

Those costs can rise from 25 to 35% of the loan sum, but must be repaid and often within 2 to 5 weeks. There are people who overlook this and get deeper into debt. So pay attention and think carefully before you agree to a loan.

In most cases it is therefore better to take out a loan with a provider without such absurdly high costs. Then do not proceed to a loan with a mini-loan provider. But in most cases this is only possible if you have more than a minimum income, if you are over 23 and if you also have no negative BKR registration on your pants. But also before you take out a loan, ask yourself whether you really need the loan.

Do you have a current loan but do you want to increase your loan during the term to create extra spending room? Credit Saver is happy to tell you more about the possibilities.

Increasing a personal loan

Whether or not you can increase your loan depends first and foremost on the type of loan. If you currently have a personal loan, it is not possible to increase it. At the start of the loan you made agreements about the amount to be borrowed, the term and the interest. This agreement cannot be broken to increase your loan.

Taking out a new loan

There are, however, other options for borrowing more money, such as taking out a new loan. Whether it is possible to close a new one depends on a number of factors. Your current loan is registered with the Credit Registration Office. This is required by law in the Netherlands by the AFM (Financial Markets Authority). A new lender will review your loan application at the BKR . Have you had problems paying your loan and have you had payment arrears? Then there is a chance that you have a negative BKR listing. In that case, a new loan is a big risk for a new lender. With even more debts, the chance is smaller that you can pay off this loan. If you have always repaid properly, your BKR listing is positive and actually proof of good conduct. In addition, the lender will examine whether it is justified to grant you a new loan while your old one has not yet been repaid. Of course your income is also important, as is the income of your partner if you live together or are married. In addition to the level of your income, the stability of this income is also considered. Do you have a permanent contract? Then the risk for the provider is lower than if you have a temporary contract. Certainly if you both have a fixed income, you can borrow more. You are both responsible for paying off the loan, so two salaries ensure more stability and security. In addition to your income, your housing costs are also important. When applying, you must then, in addition to a copy of your salary specification, also send a copy of an account statement clearly stating what you are paying for the basic rent or mortgage. The remainder of your loan is not unimportant if you want to borrow extra money while you already have a loan . How much of the total do you still have to pay off? This is also important for the amount that you can borrow.

Increasing a revolving credit

Do you have a revolving credit that you have already fully used? Then you can contact your lender to increase your limit. You can ask yourself if this makes sense for your situation. Do you still need the flexibility of a revolving credit or do you need a fixed amount now? A revolving credit has a variable interest that is usually slightly higher than the interest of a personal loan. You can also take out a new loan that then runs alongside your current loan. The same applies here as described earlier in this article. 

The refinancing of your loan

Another possibility is to transfer your revolving credit or personal loan and then borrow a higher amount. You can then choose a revolving credit or a personal loan. To what extent this is also the most cost-effective option depends on various factors. With early repayment of a personal loan you usually have to pay a fee for the income from interest that the credit company misses out. The amount of this fine depends on the remaining term of your loan. It is best to first calculate whether a new loan is cheaper because the interest is lower. In your calculation you must also take into account the penalty for early repayment. If you have a revolving credit, you can repay it without any problems. You do not have to pay a fine.

And free consultation

Do you find it difficult to calculate whether it is advantageous for you to take over your loan instead of increasing your loan? Then with some lenders such as geldshop.nl you can also use the option for a free consultation. You will then be called by a financial adviser with whom you discuss not only your wishes but also your financial situation. This way, the consultant can form a good picture and map out your wishes. Calculations are also made to see what is the most advantageous option in your situation. We look at the best choice for you: a personal loan or the flexibility of a revolving credit. A customized quotation is drawn up on the basis of this financial picture. You only take out the loan when you place your signature. The consultation is therefore not only free of charge but also without obligation. 

Borrowing money, costs money

Keep in mind that in each of these situations, whether you choose to increase your loan, transfer a new loan or refinance your loan, your monthly expenses will go up. Borrowing extra money, in whatever way, means that you also have to pay more, including interest. Perhaps the interest on your current loan is a lot higher than the current interest, which makes it advantageous to take out your loan. In that case you can take advantage of this and your monthly payments will increase less sharply than when you take out a new loan. 

Will you turn your house into a dream house? A new kitchen, finally the other bathroom? An attic full of light and space with a dormer window? A conservatory to involve your garden in your living room? Or do you want to reduce your energy bill and at the same time contribute to the environment with solar panels? Whatever you are going to renovate at home, a renovation costs a lot of money. Arranging everything in one go is often cheaper, but it can also go quite well. That is why there are also possibilities to finance your renovation. Because financing costs money, it makes sense to delve into it thoroughly. CreditSaver has collected all information for you. You will also find various providers here where you can arrange your financing at favorable rates. That way you know for sure that you will work with a reliable party.

Opportunities to finance your renovation

There are various options for financing a renovation:

• Increase the mortgage
• Second mortgage
• Personal loan
• Revolving credit

Financing through the mortgage

If you want to increase your mortgage to finance your renovation or want to take out a second mortgage, it almost always goes through the bank. The interest you pay is usually lower than with a personal loan or revolving credit, but there are a lot of other costs involved. This way you pay costs for advice, valuation and the notary. These are considerable amounts so it makes sense to calculate whether a lower interest rate outweighs the high costs. In addition, many homes are ‘under water’. This means that the mortgage is higher than the value of the home. If that is the case, the mortgage lender will no longer want to borrow extra money on your mortgage. 

Financing a renovation with a personal loan

If you only have a kitchen or a bathroom installed, you know in advance what the costs will be. Often you pay an all-in price including assembly and it is clear what the total amount is. So you also know what you need to finance your renovation. In that case you can opt for a personal loan. With this loan form you know in advance what it will cost to finance your renovation. There is a fixed interest rate and a fixed term. Because everything is already fixed, you can easily compare the different variants. There are several providers who offer a personal loan to finance your renovation. You can find this on CreditSaver.

Interest tax deductible

If a personal loan is used to finance a renovation, the interest is deductible. These tax benefits only apply to a personal loan and you must be able to prove that the loan was used to finance the renovation. You can deduct the interest up to 6 months after taking out the loan. You can find more information about this on the website of the Tax Authorities.

Lack of clarity about the total costs of the renovation

If you are going to renovate it is not always clear what the total costs will be. Especially with large-scale renovations it is not always clear what you will find and what additional costs will be added. In that case, a personal loan may not be sufficient. And how annoying it is when during the renovation it appears that the money has run out. Borrowing is not possible with a personal loan and taking out a new loan can therefore be difficult. And borrowing too much is also a shame because of course you pay interest on it, so you’re more expensive. If it is difficult to estimate in advance what the costs of a renovation will be, a revolving credit is a good choice.

The most flexible loan form: the revolving credit

With a revolving credit you get a maximum loan amount. You decide how much of it and when. The interest is variable, so it can change during the term of the loan, but you only pay on the amount that you actually withdraw. You pay repayment and interest on a monthly basis and you can withdraw the repaid amount. This form of financing is the most flexible. Especially with a large-scale renovation where you do not know what to expect, this is a good way of financing. It requires discipline to actually repay the revolving credit because otherwise the loan will continue to run for a very long time and it becomes an expensive affair. The same applies here, compare the various providers and their conditions carefully in order to arrive at the most advantageous loan.

Pay off without penalty

If you have a loan, you want to get rid of it as quickly as possible. Borrowing money costs money, and even though you pay off monthly, you continue to pay interest on the outstanding sum. And that interest is often fairly high. Repaying extra if you have received your holiday allowance or 13th month can therefore be pleasant. But not if there are high costs involved. If you want to pay off in the meantime, you have to pay close attention to whether you can repay without penalty. And if not, what the costs are. You can include this information in your choice of a lender. 

Offer based on a consultation

At Geldshop.nl you can request a consultation. An adviser discusses your financial situation and your wishes and needs with you and based on that your borrowing needs are mapped. You will then receive an offer for your specific situation. Comparing themselves is then no longer necessary, they do that for you. Nice, because then you know for sure that you can finance your renovation in the most advantageous way. You can also directly request a personal loan or revolving credit here . You can read here how to apply for a loan and what information you need for this.