The AFM mainly points to the abuses that may occur when taking out a mini-loan via an advertising site. Several times a year, the AFM receives notifications about credit providers that request compensation for taking out a mini-credit. The consumer then first pays a fee to get a mini loan, but then does not receive that loan amount. In addition to the fact that such credit providers offer mini-loans on advertising sites, use is also made of placing advertisements in regional newspapers.
The AFM always recommends taking out a mini-loan to check whether the credit provider has a license to offer credit in the event of doubt. Anyone who wants to offer credit to consumers on a commercial basis must have an AFM license. Providers who have a license must meet strict criteria. Incidentally, if a credit provider has a license, then no guarantee is offered yet whether the party also complies with the rules.
Borrow smaller amounts.
All too often, borrowing money is automatically equated with borrowing large amounts to purchase more expensive purchases such as a home or a new car. Yet we can place the vast majority of today’s loans under the heading of smaller amounts. Just think of purchases such as new kitchen appliances, a new bicycle or an ultramodern television set.
In this way, a mini-loan enables people to immediately proceed with this purchase without having to save for a few months or even years. If something sticks out your eyes, you naturally want to have it and enjoy it as quickly as possible. And you are certainly no exception. A mini loan is therefore the customized loan form for these people. To get this amount in a quick and carefree way.
Choosing a small amount is choosing a loan based on the principle of collateral. All very simple and very obvious. You give something of value as collateral and you get a nice sum of money in return. With this transaction, the bank always uses recognized and qualified appraisers who can perfectly value your item. So you can assume that you will receive a fair sum of money for your item as collateral. Products that fall rapidly in value, such as computers or mobile phones, are often not eligible. Logical of course if you know that the collateral must serve to pay off the debts if a default occurs. This is something that you should keep in mind when you head towards the bank to borrow a small amount.
With a small amount of course you not only have obligations and responsibilities. After all, a loan also has advantages. The big advantage is that you can borrow a small amount without any problems. With most credit companies and banks it is not possible to borrow a small amount. Only from a certain amount you are eligible for a loan. In addition, there are various other conditions that determine whether or not you can borrow a sum of money from these institutions.
You do not have to worry too much and can immediately dispose of the amount. This way you immediately have the money you need to buy your desired item. Borrowing a small amount is the ideal form of borrowing for a fast loan.
What do you have to pay for a mini credit?
It is recommended never to pay for a mini credit . Moreover, a credit intermediary may not ask the consumer for reimbursement either, because in that case the intermediary will already receive a commission from the lender in the form of a commission. For mini-consumer loans, by the way, from 1 January 2015 the maximum permitted interest rate is 14 percent.