1. About This Loan
Borrowing against a utility bill is one of the simplest ways to get a loan — no collateral required, generous limits, and quick assessment and disbursement. If you live at your registered address, are named on the electricity or water bill, and need funds, Mcredit can offer a low-rate loan based on just your last 3 months of utility bills.
2. Eligibility
– The applicant must be the named account holder on the utility bill (no third-party authorisation accepted)
– Applicants must be aged 65 or under
– Average utility bill over the last 3 months must be at least €30/month
3. Documents You'll Need
– A valid national ID or passport
– Proof of address
– Any one recent utility bill (electricity or water)
4. Key Benefits
– Borrow up to 40x your average monthly utility bill
– You don't need to be the property owner to apply
– Repay monthly, with the option to settle early at any time
– Flexible terms from 6 to 36 months
– Rates from 6.9% APR, depending on your circumstances
– Maximum rate of 19.9% APR
– Fast disbursement
Example: borrow €2,000 over 12 months, repay around €195 per month.
Note: all documents can be submitted as copies, with originals available for verification if requested.
Get in touch to discuss your borrowing needs and let Mcredit help you find the right financing solution.
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Hotline: +31 20 123 4567
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