The winter season has started again and the days are getting colder, just a little longer and the pleasant December month is starting again. For many people this means another pleasant month with lots of gifts and good food. But unfortunately also for many a month in which every dime must be turned over. For these people there is not enough budget to participate in all the craziness. What many people do nowadays is taking out a loan for the holidays. They take out a mini loan in mid-December in order to have money available for Christmas so that more food and gifts can be purchased. Why a mini loan for these days?
Mini loan for the holidays
The reason that people take out a mini loan to have extra money available for the holidays is that this loan can be applied for quite easily. The conditions for applying for a small loan in this way are also extremely flexible. There is no other loan form where you can borrow money so easily with, for example, a negative BKR code. Whether you have a job or receive benefits, you can always request a mini-credit. The chance that your application will be rejected is nil with this loan form.
If you are applying for a small loan for the holidays, pay attention when you do this. The delivery times vary from 15 to 60 days. You will understand that the higher the loan amount, the longer the duration. However, if you need money for the Christmas season, it is wise to not apply for the loan on December 1. Certainly if you borrow a smaller amount you will have to pay back the money before Christmas. This is also the reason that many people submit the application around December 15. In this way you have at least until 1 January to repay the loan.
It is of course tempting to borrow the maximum amount in order to get away with it during the holidays. Whether this is very sensible is something we doubt, since the day the amount has to be paid back comes earlier than you often think. It is therefore wise if you decide to apply for a mini-loan in order to make a budget in advance what you think you need. Moreover, it is advisable to check in advance if there is no other way to get money or discover where you can borrow money in the most cost-effective way.
In order to borrow money in the most economical way possible, we recommend comparing the mini-loan providers. Only in this way can you get the most out of your loan. It is a shame if you have to pay more costs or interest than is strictly necessary. Nowadays, comparing the providers is quick and easy, as there are not many lenders active who offer the mini-loan. Despite the limited supply of lenders, it certainly pays to compare them equally well. You pay attention to the conditions of the loan, but of course also to the costs that you have to pay.
As you no doubt know there are costs associated with borrowing money. Even if you want to apply for a small loan. The approximate costs you pay for the loan amount are shown below in the table. This way you will not be faced with unexpected surprises.
If you decide to borrow money for the holidays, you must realize that borrowing money always costs money.