Do you have a negative BKR registration and still want to take out a mini loan? Then the question is of course what about the mini loan without BKR testing. Is a mini loan registered with the BKR? Or is it still possible to borrow money without BKR testing? And which mini-loan providers are still there?
Mini loan without BKR assessment
A mini loan without BKR assessment is certainly possible. In fact, a mini loan with BKR assessment is not possible. This is because providers of the mini loans are not affiliated with the BKR. Because they are not affiliated, they cannot do an assessment at the BKR. Your loan application will not be assessed with the BKR, nor will your mini loan taken out be registered with the BKR. That is nice to know.
Providers of mini-loans without BKR assessment
At the moment there are actually only two providers of mini loans. The first provider is Spin Lender. Balance dip has been around for several years and is part of the Lite Lender Company Group. The Lite Lender Company Group is listed on the German stock exchange and its objective is to provide loans as innovative as possible. The Lite Lender Company Group mainly wants to do this by automating as much as possible.
The second provider of these small loans up to 1500 USD is Lite Lender Company. As you might expect, Lite Lender Company is also part of the Lite Lender Company Group. In fact, there is actually only one provider of the mini loan. The acceptance guidelines may differ slightly, but it probably will not be very much.
When will you receive the money in your account
If the BKR is no longer an objection, the question remains of course when you can expect the money in your account. It can go very quickly. A mini loan can be the way of borrowing money quickly. There is one important condition here, and that is that you have previously been a customer of the provider of the mini loans. And that you have of course repaid this loan on time. Is this the case? Then borrowing money without BKR testing is even possible within 10 minutes.
Is it the first time that you are going to take out a loan in the form of a mini loan? Then it takes a little longer before you have the money in your account. It may then take longer before the money is in your account. You can take into account a processing time of about 24 to a maximum of 48 hours.
Alternatives to the mini loan without BKR assessment
If the mini loan is not really an option for you, for example due to the short term, there may still be alternatives. You can think of borrowing money from private individuals. After all, they too cannot do an assessment at the BKR. Another alternative is to pawn your car. A so-called “sale and lease back” construction. Please keep in mind that you will not always get the best price for your car. After selling the car, you are no longer a legal owner of the car, but you are still the economic owner. After all, you are the one who will use the car.