Do you need money quickly to pay your telephone bill? Or are you not saving the end of the month? You are not always able to borrow money quickly from someone you know. What now? Borrowing money quickly is the outcome. With a few clicks you can secure yourself a reliable loan at an interesting interest rate. In the Netherlands there are several ways to get the money into your account as quickly as possible, even within a few minutes. There are major advantages to the fast loans, but they should not be underestimated.
The big advantage of borrowing money quickly is of course that you can have your money in your account in no time. That means no more stress to your high bills or unexpected costs, and an extra piece of security. In addition, borrowing money quickly has never been so attractive, since interest rates are currently quite low. The advantage of borrowing money quickly is that you do not have to go through a long registration procedure, but can get cash quickly and effortlessly. However, there are also disadvantages.
For example, interest on a loan is a given and the interest costs with a fast loan are higher than with a standard loan. You can also borrow only a limited amount, often you can borrow between 50 and 1000 euros. Repayment of the loan often expires within 45 days after taking out, if the repayment is too late the lender may proceed to a fine of € 50, for example. So borrowing money quickly is actually for a slightly too high bill or short bridging period.
And what about a BKR registration?
In the Netherlands, the rules regarding BKR registration were tightened on 1 December 2016. Small and short-term loans are more transparent within the new rules. However, as long as you can meet all your payment obligations, you do not have to worry. Almost everyone in the Netherlands is already BKR registered, for example for smartphone subscriptions or when taking out a mortgage. As long as payment obligations are met, there will be a positive BKR registration. A BKR registration therefore does not have to be a problem at all. Do you have a negative BKR registration? Even then there are online providers who can help you further.
What is possible?
Various options are offered to borrow money quickly. Especially online you will find sufficient providers who can provide you with the required amount as quickly as possible. The consequence of this is that the risks that providers of these fast loans take are higher. The interest rates offered with this option are often between 4 and 7%.
Fast money in your account
A good option of borrowing money directly is the so-called flash credits that can be taken out online. These flash credits will often have to be repaid within 30 days, but you have the money in your account super fast. So think carefully before you start borrowing money quickly, as in every contract the conditions in the small print are the most important.