Compare the best options on the market and choose the one which best adapts to your day-to-day needs.
Further Below: Our Guide To Loans in Belgium, covering everything you need to know.
Get to grips with applying for loans in Belgium. We’re out to avail you of all the information you need to take out a loan in Belgium and how to hire a credit that’s most consistent with your financial situation.
Online mini loans were birthed out after the 2008 financial crisis, among the many other financial products that broke into the financial market. Online mini loans are a sure way of getting financing fast. They are most suitable during unexpected economic contingencies that need our urgent attention.
Most people turn to this type of financing due to its fast nature and less strict eligibility criteria. One is able to get financing in a few minutes and the whole application process including placing your signature happens online through online platforms and digital signature.
Online mini-credits provide small amounts to new borrowers but may improve the conditions with older loyal clients.
Note: online mini loans are more expensive than other loan types because of their short repayment periods, high interest rates, and single payments.
What we should know about mini-credits
While it may be easy and fast to get financing through online mini loans, it’s important to look at both sides of the coin and weigh its good side against the bad. In this way, we’ll get a loan that we’re most comfortable with.
The above parameters will help us make better financial decisions when in need of financing. Getting a 360-degree view of these loans helps us avoid gimmicky offers that sink us into unnecessary debts.
Online mini loans are instant and help us to address urgent and unexpected expenses. They have smaller amounts than other loan types and may vary depending on our loyalty levels with the entity.
Up to 300 euros
Up to 1,000 euros
Entities start by providing small amounts to new borrowers and may improve the loan conditions by increasing the amount, extending the repayment period, and reducing the interest rates. This is determined by the client’s behavior in repaying the loan, especially if they make on-time repayments and meet all other requirements.
Online mini loans have fewer and less strict requirements than other loan types. The application process is completely online, hence, less taxing.
We confirm that we meet the above requirements by filling out an online application form before sending it back to the lender.
While online mini loans have fewer requirements, failure to meet a single requirement increases the chances of your application being canceled.
Some entities may not ask for your bank statements because they verify and analyze our records online through Instantor.
Steps to contract a mini loan
The steps to follow while applying for online mini-credits are simple and few because of the completely online application process:
The lender will then release the funds in minutes, depending on their terms of operation.
What this page is for: we’re out to help you get the most compatible financial product to your needs and peculiarities. Hence, we marshal all the necessary information about consumer credits including the best offers in the market, how to compare them and end up with the best offer.
Source: the information regarding consumer credits in Belgium and how they are regulated is drawn from the Financial Services and Markets Authority, and the National Bank of Belgium.
Methodology: The data relating to the conditions of these products (amount, term, interest, etc.) have been obtained through online research and consultation of the official statistics of the aforementioned reference sources.
About FUNDGECKO: we are an online comparator website that helps users with little knowledge about financing. We equip the user with the most recent and reliable information regarding consumer credits, how best they can compare them, and end up with the most suitable option.
Note: the services we offer are totally free for the user, as FUNDGECKO obtains its income from advertising and its featured products.