Request a mini-loan for vacation
The new year is coming and most people want to book the summer vacation again in January. You will think wonderfully, but when booking a holiday, the travel agency wants to receive a deposit. And that is precisely the problem for many people just after that expensive December month with the festive holidays. In the month of January, most people struggle with a balance dip, which is why they could use some extra financial resources.
Mini loan as holiday pay
The holiday allowance will only be paid in May, so if you are going to wait for it, most holidays are already booked. As a result, you could not book your favorite vacation. There is a solution nowadays to solve this problem. You can request a mini-loan as an advance on your holiday pay. This way you can still book your holiday in January and after the term of the mini loan you repay the loan amount. The height of the mini loan will in most cases not be as high as your holiday pay, but you can already pay part of your holiday with it.
How much to borrow with a mini loan?
How much you can borrow with the mini loan that depends on the mini loan provider. With one provider you can borrow 600 euros at most and with another the loan can run up to 1000 euros. The duration of the mini loan again depends on the amount of the money borrowed. If you borrow 200 euros then in most cases you will have to pay it back with 15 days. However, if you are going to borrow 800 or 1000 euros, the duration is automatically longer. The duration of the higher amounts is generally 45 days.
You see there are many reasons to apply for a mini loan. There are people who take out a mini loan to pay the outstanding bills and the other will book a holiday with it. It also does not matter for what the mini loan is taken out if you realize that borrowing money always costs money. You will have to deal with administration and / or closing costs and the interest.