Small loan for starting entrepreneurs

Loan calculator

A young woman sitting at her computer, looking off into the distance.

This loan is a useful solution if you want to take your company to the next level and have some big ideas – whether that's contributing to your share capital, quiring some new equipment, boosting your stock or running a bigger marketing campaign.

The loan is designed for private clients who are looking for additional financing to start or expand their business.

The loan calculator helps you find the suitable loan amount and monthly payment. Repayments are fixed for the entire loan period and you don't have to worry about the changing Euribor. No collateral required

You can find your existing small loan in the self-service.

Interest from 7.9%

Free early repayment

Loan amount € 300-25,000

Useful loan insurance

Loan in three easy steps

Fill in the application form and submit the necessary documents

You can submit a loan application quickly and easily online or at the branches of Coop Pank nationwide.

Sign the contract digitally

If the offer is suitable, sign the contract using your ID card, Smart ID or Mobile ID.

We'll transfer the money to your account

Depending on your bank, the money will appear in your account on the same working day or the working day after we've transferred it.

Bring your business to Coop Pank!

What we want is to make daily banking as easy and convenient for you as possible so that you always have a good overview of your finances.

Our Corporate Plan comes with no monthly fee and You can make as many Estonian and European payments as you like free of charge
Personal Business Account Manager advises you on your company's finances
Interest from 0,5% to 2,0% on the balance of your current account starting from the first euro
Flexible financing solutions to grow your business
Easy to use Internet and Mobile Bank

A Coop Bank business client manager sitting at a table with a client. On the table, there's a laptop and various documents.

Good to know

No collateral required
Fixed annual interest rate from 7.9% on loan balance
Loan amount €300–25,000
Loan period 6 months – 10 years
Agreement fee 2% of loan amount, min €35
Agreement administration fee €1.5 per month
The annual percentage rate of charge on a small loan for starting entrepreneurs is 22,78% on the following sample terms: loan amount €2250, loan term in months 36, number of repayments 36, fixed interest rate per annum 17.9% as calculated on the loan balance, agreement fee €45, monthly administration fee €1,50, monthly instalment €82,73, total credit amount €3023,28 and total of repayments €2978,28. Small loans are provided by Coop Pank AS.
The applicant must be at least 18 years old and an Estonian citizen or a foreign national holder of a residence permit
The borrower may not be older than 75 years of age upon expiry of the loan term
Monthly income from €400
Excellent credit record
The maximum loan amount depends on your monthly income and obligations.
We will ask you to send us your account statement if necessary. We accept digitally signed account statements for the last six months (in bdoc or asice format), which include information about all income and expenses. You can download it from the internet bank of your home bank. Please upload the statement in self-service.
You can submit a loan application online, at the branches of the bank and at Coop stores nationwide.
You can sign the agreement digitally with your ID card, Smart-ID or Mobile-ID. To pay out the loan identification may be needed. This can be conveniently done via a computer or mobile phone, in branch of Coop Pank or a Coop store. For identification, you need an identity document (ID card, passport or driving license).
The money will be received in your account after we make the transfer irrespective of the bank.
Loan payments
Please transfer your repayments to Coop Pank AS account no. EE384204278603522603. When making a payment, don't forget to add the reference number, which you'll find on your agreement or e-invoice.
E-invoices are issued on a monthly basis and can be found in your home bank's Internet bank. The invoices are automatically sent to the bank to which your loan was transferred. To make paying as convenient as possible, we recommend setting up an e-invoice standing order agreement.
Loan contracts and their amendment
To view and, if necessary, amend your loan contract, log in to the self-service site.
There you can:
view your existing contracts and repayment schedules;
repay a loan in full or in part;
change your repayment date;
view e-invoices and the payments made on a contract;
amend your contact details; and
amend your consent.
The fee for the amendment of a contract is calculated according to the price list.
Grace period
If you need to, you can apply for a grace period. The length and the terms and conditions of the grace period are determined based on your needs and the options open to you.
Application form for grace period
Completed and signed applications should be e-mailed to finants@cooppank.ee.
Early termination of loan insurance
Loan insurance can be terminated before the end date of a contract.
Application form for termination of loan insurance
Completed and signed applications should be e-mailed to finants@cooppank.ee.
Late payments
If an instalment isn't paid by the due date, we'll text you a payment reminder. The costs and default interest related to overdue payments are calculated according to the price list. If you experience ongoing problems in making your repayments, contact us so that we can find a solution.

When entering into a small loan agreement, the borrower can sign an agreement for payment of insurance costs and benefit from the insurance cover provided by If Kindlustus.
Small loan insurance helps if:
you lose the capacity for work as a result of an accident or illness;
you lose your job;
you have been temporarily away from work due to your own or your child's illness.
In the event of the borrower's death, insurance will pay the loan balance to the lender so that the obligation will not transfer to the heirs.
Read the information sheet and insurance terms and conditions.

Bring your business to Coop Pank!

What we want is to make daily banking as easy and convenient for you as possible so that you always have a good overview of your finances.

Our Corporate Plan comes with no monthly fee and You can make as many Estonian and European payments as you like free of charge
Personal Business Account Manager advises you on your company's finances
Interest from 0,5% to 2,0% on the balance of your current account starting from the first euro
Flexible financing solutions to grow your business
Easy to use Internet and Mobile Bank

Good to know

No collateral required
Fixed annual interest rate from 7.9% on loan balance
Loan amount €300–25,000
Loan period 6 months – 10 years
Agreement fee 2% of loan amount, min €35
Agreement administration fee €1.5 per month
The annual percentage rate of charge on a small loan for starting entrepreneurs is 22,78% on the following sample terms: loan amount €2250, loan term in months 36, number of repayments 36, fixed interest rate per annum 17.9% as calculated on the loan balance, agreement fee €45, monthly administration fee €1,50, monthly instalment €82,73, total credit amount €3023,28 and total of repayments €2978,28. Small loans are provided by Coop Pank AS.
The applicant must be at least 18 years old and an Estonian citizen or a foreign national holder of a residence permit
The borrower may not be older than 75 years of age upon expiry of the loan term
Monthly income from €400
Excellent credit record
The maximum loan amount depends on your monthly income and obligations.
We will ask you to send us your account statement if necessary. We accept digitally signed account statements for the last six months (in bdoc or asice format), which include information about all income and expenses. You can download it from the internet bank of your home bank. Please upload the statement in self-service.
You can submit a loan application online, at the branches of the bank and at Coop stores nationwide.
You can sign the agreement digitally with your ID card, Smart-ID or Mobile-ID. To pay out the loan identification may be needed. This can be conveniently done via a computer or mobile phone, in branch of Coop Pank or a Coop store. For identification, you need an identity document (ID card, passport or driving license).
The money will be received in your account after we make the transfer irrespective of the bank.
Loan payments
Please transfer your repayments to Coop Pank AS account no. EE384204278603522603. When making a payment, don't forget to add the reference number, which you'll find on your agreement or e-invoice.
E-invoices are issued on a monthly basis and can be found in your home bank's Internet bank. The invoices are automatically sent to the bank to which your loan was transferred. To make paying as convenient as possible, we recommend setting up an e-invoice standing order agreement.
Loan contracts and their amendment
To view and, if necessary, amend your loan contract, log in to the self-service site.
There you can:
view your existing contracts and repayment schedules;
repay a loan in full or in part;
change your repayment date;
view e-invoices and the payments made on a contract;
amend your contact details; and
amend your consent.
The fee for the amendment of a contract is calculated according to the price list.
Grace period
If you need to, you can apply for a grace period. The length and the terms and conditions of the grace period are determined based on your needs and the options open to you.
Application form for grace period
Completed and signed applications should be e-mailed to finants@cooppank.ee.
Early termination of loan insurance
Loan insurance can be terminated before the end date of a contract.
Application form for termination of loan insurance
Completed and signed applications should be e-mailed to finants@cooppank.ee.
Late payments
If an instalment isn't paid by the due date, we'll text you a payment reminder. The costs and default interest related to overdue payments are calculated according to the price list. If you experience ongoing problems in making your repayments, contact us so that we can find a solution.

When entering into a small loan agreement, the borrower can sign an agreement for payment of insurance costs and benefit from the insurance cover provided by If Kindlustus.
Small loan insurance helps if:
you lose the capacity for work as a result of an accident or illness;
you lose your job;
you have been temporarily away from work due to your own or your child's illness.
In the event of the borrower's death, insurance will pay the loan balance to the lender so that the obligation will not transfer to the heirs.
Read the information sheet and insurance terms and conditions.

Small loan for starting entrepreneurs

Loan calculator

-

Loan in three easy steps

Fill in the application form and submit the necessary documents

Sign the contract digitally

We'll transfer the money to your account

Bring your business to Coop Pank!

More ways to start a business

Good to know

Terms & Conditions

Requirements for applicant

Submitting the application and signing the agreement

Agreement information and repayment of loan

Loan insurance

What should I do in the case of an insured event?

Example of expenses related to small loan insurance

Small loan for starting entrepreneurs

Loan calculator

-

Loan in three easy steps

Fill in the application form and submit the necessary documents

Sign the contract digitally

We'll transfer the money to your account

Bring your business to Coop Pank!

More ways to start a business

Good to know

Terms & Conditions

Requirements for applicant

Submitting the application and signing the agreement

Agreement information and repayment of loan

Loan insurance

What should I do in the case of an insured event?

Example of expenses related to small loan insurance