Borrowing money immediately is sometimes a necessity. What are the best options for when you want to borrow money directly? There are cheap ways to borrow money directly, but watch out for snags.

Many people who want to borrow money directly are short of cash. They suddenly need money very quickly and look for sources to borrow money directly. Borrowing money is one of the ways to get money. Another way is to sell something. That may also generate a lot of money. Other times, borrowing money directly might be a good choice. This depends on the situation.

Costs of borrowing money directly

Costs of borrowing money directly

Unfortunately, there are few ways to borrow money without costs. Sometimes if you are lucky you will find a good friend or a philanthropist who does feel like it, but usually you just have to pay money to pay off the loan. This is in the form of interest.

The interest has a maximum percentage in the Netherlands. This has been established by law. No one is allowed to request more interest than this maximum interest. Otherwise you get usury policies where people have to pay an enormous amount of interest. Sometimes more interest than the money they have borrowed. That would of course be madness.

There are companies that want to charge extra costs, especially with loans for people who borrow money directly. They do this to make money from people who borrow money. For example, they refer to this type of costs as consultancy costs. They then deduct the money that you have to pay for these “consultancy costs” from the loan amount. So you get less money deposited in your account if you borrow money from them. It is good to pay attention to that. 

Borrow a lot of money immediately

Borrow a lot of money immediately

There is a big difference between providers of money loans that lend little money or that lend a lot of money. The first category is mainly for people who want to borrow money without a BKR assessment. This is possible if the loan amount is less than a thousand euros. In this way people can borrow money directly without being tested by the bkr.

The other category of people are people who want to borrow a lot of money immediately. If you want to do that, you need good papers. For example, you need sufficient income, and no bkr registration. Or you want to borrow money immediately because you want to set up a company. Then you need a good business plan.

Crazy ideas for borrowing money immediately

Crazy ideas for borrowing money immediately

Another way to proceed to borrow money immediately is to go to friends or family. But then you have to know people who have a lot of money and are crazy enough. Or maybe you want to borrow money immediately with the aim of never repaying this money and emigrating to Spain?

There are also people who, for example, clear their credit card account or revolving credit, and then leave with the Noorderzon. This can of course also be an option if you want to borrow a lot of money. You will then end up in the BKR register and you will never be able to open a bank account with that bank where you had a revolving credit, but it remains an option. Moreover, it is not even a criminal offense to pay a bill of borrowed money; you just have to make sure they can’t find you.