Borrowing with AOW benefit | Borrow with payment via mini loan without BKR

Can I borrow money with an AOW benefit?

Can I borrow money with an AOW benefit?

If you have reached the age of 67, you will receive an AOW benefit. Apart from the state pension you will probably have accrued a pension. And you may also receive a supplement on your AOW benefit, this supplement is entirely dependent on your partner’s income. If you have a partner who has no income, you will receive the maximum supplement on top of your AOW benefit. If you do not receive a supplement and no supplementary pension, you will also have to make ends meet every month. In that case, if you are faced with unexpected expenses, applying for a loan may be a solution. Can I borrow with an AOW benefit? Yes nowadays you can borrow money with an AOW benefit. You can even borrow with a social assistance benefit.

Borrow with AOW benefit without BKR

Borrow with AOW benefit without BKR

You can borrow with an AOW benefit without a BKR test if you apply for a mini loan. A mini loan, also called a flash or SMS loan, is a loan intended for amounts below 1000 euros. In most cases, no BKR assessment will take place with the application. In that case you can borrow with an AOW benefit without BKR. The terms of such a loan are short, so keep this in mind if you use this form of loan.

Money in your account today

Money in your account today

Because you do not have to fill in any paperwork with a mini loan application and have to make long telephone calls, the application can be arranged quickly. If your application is approved, you have the money in your account the same day. In this way, borrowing with a benefit can be arranged quickly.

Mini loan with AOW benefit

Mini loan with AOW benefit

Because you may not be able to apply for a long-term loan with an AOW benefit, the mini loan is often the only option for you. The duration of a mini loan is at most 45 days with a maximum loan of 1000 euros. The duration is also shorter for a lower amount. Applying for a personal loan with an AOW benefit will not be possible in most cases. The lender goes for certainty. This person wants to be sure that the borrowed money can also be paid back and this is entirely dependent on your income.

What to borrow money for?

What to borrow money for?

You can borrow money with an AOW benefit, but what do most people borrow money for when they receive a benefit? This is very different, the mini loan is usually requested for urgent payments or to pay arrears. There are also people who use it to pay for their holidays or just want a little more financial space.

Whatever you borrow the money for, always use your mind. Borrowing money simply costs money.