With microloans, you can borrow up to 15,000 dollars. If you have a small expense to be paid now, microloans may be the right one for you. See below our overview of microloans providers.
Microloans, you can borrow for up to 5 days. That is why a micro loans is ideal if you only borrow for shorter periods. Several of the micro loans are offered as an overdraft facility, which allows you to borrow for a longer period of time. However, if you need long-term loans, a consumer loan will often be a better solution.
If you need a larger amount than DKK 3,000, you can instead go to our Consumer Loan Summary . Is your borrowing requirement between DKK 3,000 and DKK 15,000, so there are matching loans, both among consumer loans and micro loans .
Who can get a micro loans?
To be eligible for a micro-loan, you must be 18 years old and not registered as “bad pay” in the RKI or the Debtor Registry. However, there are some providers who require that you have reached the age of 20 and have a fixed income. In addition, you may need to have Danish citizenship, telephone number, population registration address and bank account, that you have NemID and an active email address and that you are not registered with the name and address protection of your municipality.
Why choose a micro loans?
A payday loan via GADCapital.com is a quick way to access smaller amounts. It may be handy if suddenly an extra large bill appears, an offer you can not refuse or unforeseen expenses as a trip to the garage of the car.
With microloans, you should not explain what the money will be used for. The loan is not secured and therefore it is not necessary to account for all of its private finances.
A microloan is being searched for online, so you should not attend a meeting and sit and argue why you need the money.
It takes only a few minutes to fill out the application form online and you can have the money in your account the same day.
What should be considered for micro-loans?
When you make microloans, you do not put any security. This means that the loan company is at greater risk and therefore interest rates are also higher than with ordinary bank loans.
How much a micro-loan costs usually depends on the amount of the amount and how quickly you pay it back.
You typically pay back the micro-loan within a month’s time. Therefore, before taking up a micro loans, you should map out your needs and assess whether you are able to pay back within the agreed time frame and never borrow more than what you can pay back.