Borrow 500 euros (providers and costs)

Do you sometimes have the idea that the month is too long and that is why your salary lasts so long? Many people suffer from it until the end of the month to make ends meet. So you still have a bill of € 500 that must be paid urgently. But it may also be that you just need some extra money for groceries, or to go out for a delicious meal. Difficult, because you have to wait more than a week before your salary is in your account. You will therefore look for opportunities to be able to borrow € 500 somewhere until the end of the month. How are you going to do this? Are you going to borrow it from family or friends? If that is possible and you are sure that you can repay it quickly, that is by far the best option. But not everyone has that possibility and therefore has to look for something else.

Borrow 500 euros

Borrow 500 euros

Now I have to say that it is not a huge amount that you are looking for. But it is always the same song, if you have € 500 in your pocket then it is nothing and it slips through your fingers before you realize it. On the other hand, if you need € 500, it suddenly turns out to be a different story and you have to squeeze yourself in all sorts of turns to get hold of this amount. Fortunately, there is still a solution without having to bother your family or friends with your brain. You can choose a small credit that you need to pay off rapido. I will explain to you where you can request this and how it works.

Mini loan for 500 euros

Mini loan for 500 euros

There are a few providers in the Netherlands who can help you with such a small amount. These are the so-called mini-loan providers. It is mini because you cannot borrow more than € 1500 for a very short period. So you can also go there for your desired amount of € 500. You have to repay these types of amounts really quickly, something to keep in mind of course. In the case of a request of € 500, you must count on it that you must have fully repaid this within 30 days. It is also not possible in several months so that it is spread out. You must enter the entire amount including interest and costs within 30 days.

What are the costs

What are the costs

In addition to the amount that you have to repay, you also pay interest and an insurance policy that you must take. I will list the costs for you. So, what do you have to pay after 30 days:
1. The loan amount: € 500
2. Interest: € 8.13
3. Guarantee costs: € 170.82
Total to pay: € 678.59
You see that there are considerable costs involved. Is it handy to do? Well, that is best for you to decide for yourself, but now that you are going to cost the total it is no longer a surprise.

How do I request that?

How do I request that?

Applying is very simple and you can do it in less than 5 minutes. You go to the website of the provider and indicate how much you want to borrow. Then enter your details such as name, address, place of residence, etc. Since everything is sent by e-mail, you must therefore also send a copy of your ID and a copy of your bank statement online. In fact you have already had it and your request can be sent. A child can do the laundry.

How long does it take

How long does it take

After approval of your application you can assume that you have € 500 in your account within 24 hours. Of course a request made on Friday or Saturday takes a little longer. But on Friday, if it requests early in the morning, it can also arrive on your account the same day. If you quickly provide all requested papers then your application will also be viewed and approved quickly.

How much can I request

How much can I request

If you are applying for a first time, you can choose a maximum of € 800. In this case of € 500 this is therefore not a problem. If you apply for a next time and you have paid the previous loan on time, you can opt for the maximum amount of € 1500. Note that with higher amounts, the insurance (external guarantor) also becomes correspondingly more expensive. These are hefty amounts, so keep an eye on this so that you do not have to face unexpected costs.


Leave a Reply

Your email address will not be published. Required fields are marked *