A mini loan is an ordinary installment loan, but it is characterized by a very small loan amount. Due to the small amount, a mini loan can be concluded digitally and very quickly. As a rule, the disbursement amount is between 1,000 and 1,500 euros.

Requirements for a mini loan

In principle, each loan has the same requirements. However, the following criteria must be met for a mini loan:

• Satisfactory solvency
• Regulated income
• Age of majority
• Permanent residence in Germany