Small loan requirements
- Apply for a small loan amount of up to 5,000 USD quickly and easily online
- A term of 12 to 84 months can also be selected for small loans
- The only requirements: legal age, German domicile and an account with a German bank
A small loan is a financing for private individuals or traders with a small to medium loan amount.
The amount up to which financing is considered a small loan differs from the definitions of the banks. The upper limit is usually a sum of 5,000 USD. A small loan can also be taken out with Bestbank from USD 1,000.
The most common Bestbank loans in the small loan division are small loans for 1,000 USD, 1,500 USD and 2,000 USD. The use of a small loan (also called a mini loan) is basically optional. Whenever money is needed, either because their own financial means are insufficient or because the savings should remain untouched, small loans play an important role.
Small loans are often an emergency solution for short-term payments or temporary shortages. Especially if you have an entry with Schufa, it is worth taking a look at the options that Bestbank offers you.
Bestbank offers small loans not only for employees or civil servants, but also for the self-employed, trainees, students and pensioners. Under certain conditions, a small loan for low earners or a loan despite Schufa is possible. Please contact our Bestbank customer service.
The advice is as free and non-binding as the use of the loan calculator. Find and apply for your small loan online, quickly and easily with Bestbank.
Your advantages with Bestbank are obvious:
- Presentation of the loan directly on the computer, smartphone or tablet PC
- No fees before the payment is made
- No waiting for a personal appointment at the bank
The advantage of borrowing from Bestbank is that on the one hand you do not have to leave the house and on the other hand you do not have to justify yourself to any bank advisor about your future and your finances. Even if your loan application is rejected, you do not have to look anyone in the eye and endure this unpleasant conversation. Bestbank represents an alternative to traditional banks. As a loan broker, the platform supports borrowers with their projects and investors with their investments.
Sometimes there are good reasons to take out a small loan or an installment loan. This includes unplanned expenses, such as a surprisingly high utility bill or the replacement of an important household appliance. Unpredictable repairs, larger purchases or moving house are also reasons to take out a loan. In many cases, an installment loan can even be very economical. This is when a larger investment such as buying a kitchen is planned.
As a cash payer, there is often the possibility of negotiating a substantial discount and making the investment immediately. A small loan / mini loan for the self-employed is useful if you want to make a large purchase for a longer period or to replace a tool or other device, for which the equity capital is not sufficient.
How can I take out an online loan from Bestbank?
Registration with Bestbank and the creation and publication of the loan project are free of charge. Also free of charge is the determination of your individual Bestbank score, which forms the basis for the interest rate on the loan. We will only charge you a placement fee when the loan is concluded. The Bestbank costs are all set out so that you can find out more and get an overview.
Through the private investments of Bestbank investors, you also have a higher chance of getting a mini loan, since not only the amount is important, but also the realization of the goal. When the financing is complete, your mini loan will be paid out immediately after online identification.