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    Small loan

    Small loan calculator

    €
    300
    25 000
    months
    6
    120

    Monthly payment

    -

    The calculation is approximate and may differ from the terms and conditions offered to you. Read the price list and the pre-contractual information.

    Getting what you want should happen more often in life. The small loan offered by Coop Pank is an unsecured loan you can use for anything you like! You can purchase some new appliances, throw that big party you’ve been meaning to or use it to cover unexpected costs – the small loan is a versatile and flexible loan that helps you spread large outgoings across a longer period of time.

    The small 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. You can also take our useful loan insurance for the small loan, which will give you more reassurance when borrowing and help you if anything unexpected happens. You can find your existing small loan in the self-service.

    Interest from 7.9%
    Free early repayment
    Quick response to loan application
    Useful loan insurance

    Have you already taken us up on our offer?

    Don’t take the first small loan you come across! Ask us for a comparative small loan offer, because that’s the only way you’ll get the loan you need on considerably better terms.

    Loan in three easy steps

    1

    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.

    2

    Sign the contract digitally

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

    3

    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.

    Become a Coop Pank client!

    As an Estonian bank, we want to bring banking services to where our clients are. When you join Coop Bank, you’ll be able find your small loan easily in the online bank and mobile app. We also offer:

    • Free payments in Estonia and Europe
    • Free cash withdrawals anywhere in Europe
    • Debit and credit card purchase insurance

    Choose the right product

    Slide 1 of 3

    Credit card

    A credit card with a flexible repayment lets you decide when you repay the credit you’ve used. Also, you purchases are insured.
    Interest-free periodup to 40 days
    Purchase insurance180 days

    Loan secured by real estate

    A loan for starting a business, renovating your home, buying real estate or other major outgoings.
    Interest from3.5% + 6 months Euribor
    Loan amount fromEUR 5,000

    Home renovation loan

    A loan for renovating and furnishing your home or summer cottage, purchasing a plot of land or covering other expenses related to your home.
    Interest from6,9% per year
    Loan amount up toEUR 25 000

    Small loan – 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

      Before you conclude an agreement, we advise you to review the terms and conditions of the financial service and, if necessary, consult a specialist.

      The annual percentage rate of charge on a small loan 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.

      Please provide your bank statement when filling out the application. The most convenient way to submit your account statement is in our self-service environment.

    • You can submit a loan application online, at the 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
      • 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 infromation sheet and insurance terms and conditions.

    • In the case of an insured event, fill in a loss report as soon as possible and write the following in the policy number field: COOP. You will be contacted and instructed on what to do next.

    • Small loan insurance means an additional monthly expense. For example: loan amount €1,000, agreement period 24 months, number of repayments 24, fixed interest rate 19.9% per year calculated on the loan balance, monthly loan payment €52.35, monthly service fee for covering insurance expense €4.19.

    • Applications are open to anyone aged 18 or older who is an Estonian citizen, a foreign citizen who has the right to reside in Estonia or a foreign citizen residing in Estonia on the basis of a valid residence permit. The applicant’s monthly income must be at least €400 and they must not be older than 75 at the end of the repayment period. The applicant must also have a reliable borrowing history.

    • No – you can make your monthly repayments from your account in the bank you normally bank with. You can work out the amount you can apply to borrow using our small loan calculator.

    • Anything you like! Pay for a holiday with it,or home renovations, or household appliances, or your studies. You can even use a small loan to cover unexpected costs.

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    klienditugi@cooppank.ee

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    Coop Pank AS, Maakri 30, 15014 Tallinn, Registry code: 10237832, SWIFT/BIC: EKRDEE22

    You are on the website of the companies Coop Pank AS and Coop Liising AS that provide financial services and the insurance marketing company Coop Kindlustusmaakler AS. Before committing to an agreement read the terms and conditions of the respective service and, if necessary, consult an expert. By continuing to use the site, you are agreeing to the terms and conditions of website use.