Have you taken out a mini loan? And later found out that the mini loan is not the best option for you? Then you can transfer a mini loan. The transfer of a mini loan is always without additional costs. If you repay the mini loan earlier, you will also pay slightly less in interest. It may therefore be wise to transfer a mini loan to a loan with a more “normal” term.
Because that is the major disadvantage of a mini loan. The very short duration.
Where can you transfer the mini loan?
If you want to transfer the mini loan to a loan with a regular term, there are various options. For example, instead of borrowing money with a mini loan, you can borrow money in the form of a revolving credit. Or a personal loan. You can also transfer the mini loan to acquaintances or friends. In any case, make sure that you start transferring on time. If you cannot repay the mini loan on time because you start transferring too late, you will usually have to pay considerable extra costs.
Do you want to transfer a mini loan? And the costs incurred?
If you take out a mini loan, you will soon notice that there can be quite a few additional costs. These additional costs can even amount to more than 25% of the amount you want to borrow. These are all costs that have to do with taking out your loan. If you are going to transfer the mini loan, you will unfortunately not get any more back. It is therefore important to check beforehand whether there are really no other options. A mini loan is and remains one of the few options if you want to borrow money without BKR testing.
Why transfer a mini loan?
You can of course have several reasons for this. One of the most likely reasons is the very limited term of the loan. You often have to repay a mini loan within 30 to 45 days. If you do not have this money at a certain time, it may be necessary to close the mini loan again in a “normal form of borrowing money”.