Borrowing money as a student? That is a breeze with the information that you can find on this site! As a student you don’t want to pay too much. After all, you can use the money hard enough as a student! There are a number of sites that can provide you with an interest-free loan. Unfortunately, a number of things have changed due to recent legislative changes and there are fewer providers of these interest-free loans. But we still have two good providers of these interest-free loans that we are happy to recommend.
Where we ourselves find Viloan the most interesting!
Both sites give you the opportunity to borrow money quickly and cheaply as a student . The disadvantage of both sites is that relatively little money can be borrowed, which is why they are called mini loans. For example, the maximum with Zaloan is 1000 USD and with Viloan you can borrow up to 800 USD.
Borrow money free of charge as a student.
As we have mentioned before, Viloan is the site that we recommend for taking out a mini loan. Viloan can provide you with an interest-free and free loan for a maximum of 31 days. These loans are therefore completely free of charge if you pay back in time. You can determine the duration of this loan yourself, with a maximum of 31 days. The big advantage of this site compared to Zaloan is that loans on this site are free and that a longer term can be agreed. So you have more time to repay the loan.
Zaloan can provide you with an interest-free loan. Zaloan, however, charges service costs. In relation to the money that you can borrow, these service costs are low. For example if you want to borrow 750 USD you only pay 40 cents service costs. You must then repay a total of 750.40 USD. The disadvantage of these loans with Zaloan is that the duration of these mini loans is only 7 days. The borrowed money and the service costs must therefore already be in their account 7 days after the invoice date. Because of this short duration you can use the best Zaloan if you run out of money at the end of the month. Another disadvantage of Zaloan is that they require that you earn at least 1100 a month. We also understand that this is not really feasible for most students, so we find Viloan more interesting.
Mini loans in Belgium
If you are from Belgium, we recommend that you use Bankate Direct Cash . With the Bankate Direct Cash credit you can borrow from 500 USD for a small fee. Unfortunately, the mini-credit market in Belgium is not as well developed as in the Netherlands and interest-free lending is rare or rare.
We recommend that you pay back the loans as quickly as possible since, after the loan has expired, money will be charged for the amounts borrowed by both Zaloan and Viloan. If you are paid back too late, these ‘nice’ loans are suddenly a lot less fun, so pay back as quickly as possible! So always ensure that you borrow money responsibly and that you can repay the amount that you borrow.