If you are 18 years old and want to take a micro loan, it is not always the easiest, since it is actually the case that quite a few mortgage institutions have rules that say you have to be even older than that in order to apply for a micro loan.
This may seem a little strange, given that 18-year-olds can often apply for much larger loans without problems when they are of legal age. The reason for these rules is probably that micro-loans have gained a reputation for being a major problem for younger people. This is something that is both true and not true. Certainly there are many who are 18 years old and have taken micro loans and had problems with it. But it is still true that most people who take out a loan can manage it without any problems. Looking at the statistics, there are also significantly more people belonging to older age groups who end up at Kronofogden because of this type of loan.
The important thing is that you who are looking for a micro loan and are 18 years old make sure you have an economy that can handle just that. If your financial situation manages to do this, there is absolutely no reason why you should not take a micro loan when people who are only a few years older can do this without any problems at all.
Institutions offering micro loans to 18-year-olds
A number of tips on loan institutions that offer micro loans to 18-year-olds can be found a little further down this page. The tip is then that you check our micro loan comparison page and see which of these institutes is the least expensive when it comes to micro loans on several sums than the one we present here. Of course, you will also find age information and the like useful there.
The credit institutions that offer micro-loans to those who are 18 years of age do not have any other terms that differ directly from the other loan institutions. This means that the loan only extends for 30 days usually (nowadays there are lenders where you can borrow for a longer period) and that you have to be registered in the country. The rules for payment remarks are different where some approve it and others just say no.
Then you have to apply for a loan that always manages a credit check that the lender performs when you submit an application. This normally requires an income, but this often does not have to be particularly high. If you can do this, you can get a micro loan when you are 18 years old.