The mini loan can offer a solution for people who urgently need money to bridge a short period. For example, to pay the rent or energy bill on time. When the salary comes in again, the mini loan can be paid off immediately.
Costs Mini loan
The interest is 15%, but the interest rate will not really get you in trouble. On a loan of 600 US dollars, the interest after 1 month is 7 US dollars. What can count are the service costs. For example, costs can be charged for a simple application and costs for a payment on the same day. The service costs for a quick treatment are quickly 20% of the loan amount. On a loan of USD 600, there can be an additional USD 120 in service costs. In short, borrowing money quickly with a negative registration does not have to be a problem. The full amount (loan + costs) must be repaid in one go after 15-30 days. If you are unable to do this, the financial problems will only increase. Do you want to take out a mini loan and you can wait a week for the payment; then do the standard procedure. This can save you the high service costs.