MINI PERSONAL LOAN

MINI PERSONAL LOAN

SMALL PERSONAL LOAN MINI PERSONAL LOAN LITTLE PERSONAL LOAN

A mini personal loan is by definition a small personal loan and is considered as a type of mini consumer credit granted by a financing organization for a borrower looking for a modest sum of money.

The mini personal loan requires in principle less documentation than the classical personal loan as to its use since it is not backed by any security that would cover the lender in the event of non-repayment of this small personal financing.

The small personal loan is equivalent to an unallocated mini-credit facility that a person can use according to their preferences but which remains limited in terms of amount and its purpose is to provide access to small cash to a borrower who is looking for a small financial breakdown to meet temporary financial obligations.

The mini personal loan, before being considered as a choice of even temporary payday financing, must be compared with other conventional loans because of the costs which, in relation to the amount borrowed, can become significant.