Do you want to take out a loan, but are you in possession of a negative BKR registration? Then you will already have found that borrowing money with a negative BKR registration can be quite a challenge. You get a BKR registration if you do not meet the obligations that follow from taking out a loan.
A BKR check is performed as standard in the Netherlands
Banks and other lenders in the Netherlands carry out a BKR check as standard. A loan is also registered as standard with the credit registration agency. In the unlikely event that when applying for a loan it appears that you are in possession of a negative BKR code, you have a high chance that a loan will be refused. What are your options in such a situation to still take out a loan?
Request a mini loan
In such a situation you are actually dependent on a mini loan. Because applying for a mini loan involves borrowing money without a BKR check, borrowing money with a negative BKR registration is no problem in that case. Moreover, the loan is not registered with the BKR.
How can a loan be granted?
Because the flash credit providers operate from outside the Netherlands, there is no obligation for them to perform a BKR check. That does not mean that they simply provide a loan to anyone. The absence of the credit check is taken care of by a guarantee, so that you can still take out a loan.
A guarantee must be issued by a natural person. This can be a friend of yours or, for example, a brother or sister. This person must act as a guarantor for you in writing, so that if you are unable to repay the loan they will do so for you.
Borrow small amounts for a short time
You can borrow small amounts for a short time through a mini loan. If you take out a new loan for the first time, this will be a maximum of 400 euros that you can borrow. This amount will, however, increase with subsequent loans. Then of course you have to repay your previous loans nicely on time.
Borrow higher amounts
If you want to borrow a higher amount, borrowing money with a negative BKR registration is usually excluded. A revolving credit or a personal loan will not be provided to someone with a negative BKR registration.
That is why we personally think it is advisable that if you take out a loan you must comply with the obligations. Do not forget that a negative BKR coding remains for no less than 5 years. So it will haunt you for quite a while and affect the money available for the future. For example, if you want to take out a mortgage within these 5 years, this will encounter problems.
Borrowing money, costs money. And even if you are going to borrow money with a negative BKR registration, you will just have to pay interest.
Because a mini-loan is provided by companies established outside the Netherlands, you can only apply for such a loan online. There is no possibility of entering an office to request advice.
So you do not have to leave your home to apply for a loan with a negative BKR coding. Moreover, it is fairly easy and quickly arranged to submit an application. You only need a few minutes.
And upon approval of the application, payment is often made the same day. If you need money quickly, you can use the amount you want to borrow almost immediately.