You can borrow money without interest by using a special mini-credit. This offers you the opportunity to borrow a few hundred euros, often without having to pay interest.

Administrative expenses

Administrative expenses

On the other hand, keep in mind that borrowing money without interest is not completely without costs. Unlike a few years ago, the lenders also try to make money by lending money. This was totally not the case at the time, since the well-to-do felt that they should lend some money to the others. Unfortunately, this has changed, making it now very common to pay interest or pay other costs. Are you going to borrow money without paying interest? Then there is a good chance that there will be administrative costs, so pay attention to that in any case.

Pay the deposit

Pay the deposit

In addition, there is a good chance that you can borrow money without interest, but that you should provide a guarantee instead. This guarantee ensures that the lender can be sure that the costs for the credit are actually paid. The interest rate is normally a mechanism to cover the risk and to ensure that the lender does not just lose the money. You can borrow money without interest by assuring the lender that the money will eventually come back, in the form of a guarantee.

Competitive interest

Competitive interest

Are you able to provide a guarantee, or do you know how to arrange this through another company? Then there is a good chance that you will pay very competitive interest. In that case you cannot borrow money without interest, but in view of the very short term of the loan, the actual costs are not too bad in many cases. For a maximum of a few euros you can, for example, borrow a few hundred euros. You repay this money after a few weeks, for example after you have received your salary.

Borrow money without BKR

Borrow money without BKR

You can borrow money without interest by looking for a loan without BKR. This has to do with the fact that it is mainly the larger and well-known banks that perform a BKR check and charge a relatively high interest rate to cover all costs. For example, the providers of mini-credit run a little less risk and therefore do not consider it necessary to carry out a check at the BKR. This makes it possible for you to borrow money without interest, or at least without the BKR check which makes borrowing money a lot more expensive by default.

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