Request a mini loan
Borrowing money can sometimes be a solution for an acute problem that needs to be solved. After all, it is not always the case that you have enough money to hand. There are therefore many forms of loans that can be taken out. Moreover, there are very many providers. One of those lenders is Zaloan. This company offers specific loans that can be a good solution for certain situations. It is therefore interesting to gather more information about the possibilities. This can help you make a good choice with regard to taking out a loan.
What is Zaloan?
The name Zaloan may not be familiar to everyone. It is therefore a relatively young company from Finland. But the lender does operate internationally. After all, it is active throughout Europe. It is currently based in 23 countries. In some areas it is even the market leader on the continent. For example, think of mini-loans, so short-term and low amounts. This is a specialty of the company. If you need this type of loan, then Zaloan can be a good choice. However, other forms of credit can also be taken out with the company.
A mini loan
A mini loan is a very short loan for a very low amount. In some circles, the loan is also referred to as the flash loan. This involves a few hundred euros and a duration of one month up to 45 days. So you borrow money that you quickly pay back to close a small gap in your budget. The loan is often used for an unexpected setback. For example, consider a household appliance that breaks down and needs to be replaced quickly. This can then be an unexpected cost item that cannot be paid. Fast and short-term borrowing is the solution.
A small loan with Zaloan
The company has been the market leader for several years when it comes to small loans. This is partly due to the fact that it is handled with flexibility. For example, a mini-loan can be taken out with the lender without having to show a payslip. As a result, you can also act faster. After all, this is precisely the reason why many opt for a mini loan. After all, it is often a matter of arranging it quickly and directly. That a long approval procedure does not precede this is a major advantage.
When a mini loan comes in handy
The use of a mini loan occurs in different situations. Most people take it out to pay for a repair or replacement. For example, when the washing machine fails or a car is damaged. This must be paid for. If your budget for the month has been used extensively, this can be a problem. By borrowing a small amount for a short period of time you can get this in advance. You then pay it back within, for example, 30 or 45 days. Ultimately, the loan is therefore primarily a means of solving problems quickly.
Of course, there are also many situations in which a mini loan is not the solution. Sometimes you simply need more money to resolve a situation. Think of amounts from a thousand to 1,500 euros that are required. Here too you need to find a lender who can make the best offer for you. Also for these cases there is a loan form of Zaloan. This is a new development for the company. It is a means to increase the financial strength just a little more when it is needed.
The plus loan from Zaloan
Because the mini loan applies for amounts of less than a thousand euros, and most other lenders only provide loans for higher amounts, the plus loan is a solution. It is best described as a double mini loan. This means that a loan does not run for one month, but for two months. The amount is also about twice as large as with a mini loan. This is therefore suitable for slightly larger purchases.
The cost of the loans
There are of course costs associated with the loans. When you borrow money, you must of course pay interest on it. The costs for these loans are indeed quite high, but because they are short-term, they are therefore also of short duration. At Zaloan, the so-called annual cost percentage of the loans is 13.99 percent. This means that you pay 13.99 percent over the installments. In the case of a mini loan, therefore, after 31 days, in the case of a plus loan, also after the second installment after 62 days. You then pay on the amount that is outstanding.
Repaying the loans
Paying off the loans can also be done faster if you wish. You can then repay the amount that has been agreed earlier. For example when you have a windfall and therefore have some money available. You can then use this to eliminate the debt through the outstanding loan. You can then immediately take out a new loan if you wish. This certainly applies if you decide to pay the two installments of the plus account in one go. You then immediately have room again for new loans if necessary.
Short and fast
In summary, Zaloan is therefore particularly suitable for short and fast help with an acute need for financial resources. Amounts from one hundred euros to fifteen hundred euros can be adjusted as quickly as needed. It is also true that it does not last longer than a month or two months in your stomach. Moreover, because there are not too many rules and requirements for the procedure, everything can be arranged quickly. This is an important reason why many people opt for these methods. The mini loan and the plus loan are the products with which Zaloan has had a lot of experience and success.