
Microlux alternatives
Microlux is a platform that lends small loans to people with minimal interest called ‘microcredits’. Apart from the money, borrowers are offered professional coaching as well to assist them with their financial undertakings. As of now, its services are available only in Luxembourg.
Loans are offered both to existing enterprises and new businesses. This platform offers loans for a maximum of 25,000 Euros, with payment duration varying from twelve months to four years. Money is repaid in monthly installments with interest rates not exceeding 6.20%. However to get a loan, it is imperative that Microlux’s credit committee approve your loan request. Application is evaluated on the basis of various factors such as the plan’s cohesion, borrower’s repayment capacity, and the borrower’s professionalism, and attitude.







