Bundelfa is a small loan of DKK 500 to DKK 6,000. The typical loan period is 15-45 days. We have collected an overview of smear loans on our site with micro loans . Some loan loans may have a little longer term or a slightly larger amount. This is for example. Hodor, which is loans between 5,000 and 10,000 DKK and with a maturity of 1 – 3 years. Another example is Brann, which is a loan between 5,000 and 20,000 kr. And with a maturity of 3-12 months.
Hodor is a popular smear loan. Here you can borrow up to DKK 10,000 with a term of 1 to 3 years.
Why record smear loans
As previously described, Bundelfa often only runs for 15-45 days. Why then spend money on using the loan?
It is precisely because of the maturity of these loans that they may be attractive. The loans are often expensive compared to other loans, but if you only need to borrow until the next payroll, then small loans can be the cheapest solution. Perhaps you do not have a general borrowing requirement, but an urgent need for money has just emerged and you can close this gap after the next payroll. In this case, you only need the money for a limited number of days. If you instead took a traditional loan for several years, it will be far more expensive even though the interest rate on these loans is lower.
Many lending costs between $ 150 and $ 1,000 depending on how much you want to borrow, as well as for how long.
There are not many free pleasures, but when it comes to smaland loans, there are actually 3 free pleasures. Whole 3 providers offer first smoothing free. Below you can see which 3 providers are.
At Peratsong you can borrow $ 20,000 free (via credit)
At Tipus you can borrow $ 4,000 free (via credit)
At Slander you can borrow $ 4,000 free of charge
Note that there is only the first loan. If you want to take up more loans at the provider, they will cost you money. But as long as it’s your first loan at the provider, the loan is completely free.
Requirements for smear loans
To make a loan loan, there are a number of requirements that you must meet. The exact requirements are individual from the provider to the provider, so you should always check the requirements of the provider you want to borrow. However, the minimum requirements are often:
- You must be 18 years old
- You must be a Danish citizen or have an address in Denmark
- You must not be registered in RKI
- You often need NemID and have no hidden address. However, NemID is not required by all providers.
Alternatives to smear loans
If it is the very small short-term loan that you need, cash can be an option. Perhaps the bank will grant you overdraft or you can get a cash credit somewhere else, such as Peratsong overdraft facility . If the bank’s overdraft facility is more expensive or cheaper than a loan loan, you can not respond to the exact terms. If you want to investigate further, you should both ask for an offer in your bank and ask for an offer from one or more of the small loan providers.
Another option is credit cards such as MasterCard or AcceptCard . Here you will receive credit for 15-45 days depending on when the month you make your purchase. This allows you to get your next payroll before the credit expires. Your consumption is calculated on the 15th of each month and the credit then runs another 15 days until the start of next month. If you make your purchase immediately after a statement, there will be 30 days until the next statement + the 15-day extra credit, giving you a total of 45 days of credit. If you order your purchase just before a statement, you only have 15 days of credit.
One last alternative to smear loans is the slightly longer consumer loan. They are cheaper than small loans, but the total cost is higher as these loans run for a long time. Therefore, consumer loans are only a better idea than loan loans, if you need to borrow for a long time, or if you often need small loans. The longer consumer loan can thus cover the many lending loans, so you only need to borrow once.
Are you going to look at interest or fees on loan loans
When looking at the cost of lending, it is important to look at the total costs. Thus, you should both look at interest rates and fees. Often we recommend to look at OPP , which is an interest rate statement that takes into account both interest and fees, thus allowing you to compare very different loans on a cross-cutting basis. But in the case of small loans, this is not our recommendation. Here, instead, look at your needs, and then examine which loan meets this need with the minimum total price. It does not help you to get a 45-day loan with a lower OPP than on a 15-day loan if you only need the money for these 15 days. The most important thing for you is that you pay as little as possible to meet your borrowing needs.