How much money can I borrow?

How much do you want to borrow?

How much do you want to borrow?

Depending on the loan amount, you are more advantageous with one or the other lender when you want to borrow money. So do you want to borrow money? Then the first question you must answer is: How much money do you want to borrow?

100 to 750 USD – The mini loan

100 to 750 USD - The mini loan

For amounts between 100 and 750 USD you do not actually have to go to the bank. After all, these are amounts that you can easily repay when you receive your salary again. For these small amounts there is a special lender who can provide you with a so-called mini loan with a short duration of 15 or 30 days. This lender is called Good Finance and when you surf to the Good Finance website you can request the mini loan.

1,000 – 5,000 USD – The personal loan

1,000 - 5,000 USD - The personal loan

For loan amounts from a thousand USD to around 5,000 you can probably go to your own bank in the first instance. This is because most banks allow their customers to be in the red up to a maximum of the amount that comes in on average every month. This means that if you are not in the red yet, you can quickly get an amount between 1,000 and 5,000 USD by applying for a quarterly credit online.

However, you must always compare where you are the cheapest because your bank also charges interest on the amount that is in your red. And there are other providers who also have interesting offers for these amounts. Take a look at Directa.nl, for example.

5,000 to 50,000 USD – Private or business loans?

5,000 to 50,000 USD - Private or business loans?

From around 5,000 USD we start talking about a serious loan. Most of the time you are planning to purchase something like a car or a boat, maybe a caravan or at least something big, which could possibly even serve as collateral for the loan you are requesting. And for that reason it is no problem at all to borrow such amounts.

The lender checks whether you can borrow the amount in a responsible manner and, because of the collateral, has a greater certainty to provide the loan to you.

Take a look at the following lenders for a suitable loan offer for amounts between 5,000 and 50,000 USD:

Take a look at the following lenders for a suitable loan offer for amounts between 5,000 and 50,000 USD:

Another possibility is of course that you intend to use the loan amount as business credit. Amounts of this order are, after all, suitable for investing in a company and thus to earn back the loan amount plus profit. Anyway, no one has to be a thief of his own wallet and always shop around hard to find the cheapest loan, but when it comes to a business loan, banks and also the online lenders all have their own benefits and arrangements.

And in addition to that, entrepreneurs have more credit options than private individuals, such as financial leases, informal investments and supplier credits. So visit different online lenders and ask your bank.

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