Consumers are always interested in ways that make it possible to borrow money quickly. Logical too. How annoying is it when you discover that you have no more money in your account? Then you need money quickly to at least be able to do your shopping. But, is it possible to take out a loan in such a short time? And where can you go if you need money quickly? And is there always a BKR review? Borrowing money quickly without BKR testing is possible in some cases and I will explain how.
Is it possible to borrow money quickly in 10 minutes?
If you needed money quickly in the past, you could previously borrow it within 10 minutes and it was credited to your account. This was possible in the form of a mini loan or an SMS loan. For example, you could apply for a loan with your mobile and actually receive the money in your account within 10 minutes. These providers have now stopped borrowing money quickly within 10 minutes.
Borrowing money within 10 minutes and actually receiving it on the account is unfortunately no longer possible.
What is possible is request a mini loan and, if agreed, the money in your account within 24 hours .
This is not to be confused with applying for a loan within 10 minutes, which is of course possible if you need money quickly with a mini loan from LendNow .
Borrow money quickly without BKR testing
It is often thought that borrowing money without BKR testing is not possible. For example, it is a misunderstanding that there is always a BKR review if you need money quickly. The providers of mini loans and flash loans are also obliged to ensure that the money is borrowed in a responsible manner.
One of the few providers where you can borrow a small amount without BKR testing is LendNow . They have developed their own system to ensure that you can borrow money responsibly. The AFM (Netherlands Authority for the Financial Markets) warns on its website against rogue providers.
If you want to know more about what the BKR does exactly, we recommend that you watch the video below. Borrowing money quickly without BKR testing is therefore not due to the BKR itself, but much more to the banks or lenders that have registered you.
Other options for when you need money quickly
As you can read above, it is no longer possible to take out a loan under the Dutch rules and to make borrowing possible within 10 minutes. But what options are there if you need money quickly?
You can of course always ask friends or family and take out a private loan. But if a private loan is not possible, you can borrow money online from, for example, Feratum or Intrasavings Bank .
You can apply for your loan in a short time via the digital application form. You will often hear the same day whether borrowing money is possible for you. Borrowing money and crediting it to your account is unfortunately no longer possible within 10 minutes. But you can therefore quickly apply for your loan if you need money quickly.