Curious about the costs of a mini loan, would you like to use it as cheaply as possible? You can compare various mini loans online, which you use to ensure that you do not pay too much. We list the different costs of a mini loan for you so that you get a good idea of it.
Height of the mini loan
It is among other things the amount of the mini loan that determines how much you will have to incur. Do you want to borrow an amount of € 100? Of course, it will cost you less than if you want to use a € 600 loan. The less money you need, the cheaper the mini-loan is in the end. That has to do with the fact that you pay interest, a percentage based on the amount that you wish to have available to you temporarily. The additional costs for the mini-loan are fixed in some cases, in other cases it is also a percentage.
Interest and additional costs
The interest on the mini loan forms an important part of the costs for this. Just like at the bank, you pay interest on the amount that you borrow, it is a payment to be able to use the money temporarily. In addition, there may be additional costs for a mini loan. This may, for example, concern administration costs, costs for a guarantee or another type of costs. In a number of cases, the provider of the mini-loan will deduct the amount of costs from the payment, so make sure that you are well informed in advance.
Compare mini loans
Do you want to compare mini loans, for example to find out where you pay the lowest costs? Decide for yourself what amount you want to borrow, how much money do you need in the coming 2 – 3 weeks? Based on this you can make a calculation of the mini credit. You can calculate the costs of a mini loan per provider, so that you arrive at a good comparison based on which you can make a decision