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Small loan

It would be nice if we all got what we wanted in life more often. So it’s handy that you can get a small loan from Coop Pank to use for anything you like! Buy yourself some new appliances, throw that big party you’ve been meaning to or use it to cover unexpected costs. A small loan is a great way of breaking the initial outlay down into more manageable chunks you can then repay over time.

You can find your current small loan from the self service.


Small loan calculator


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A response to your application in seconds!

88 EUR

The calculation is approximate and may differ from the terms and conditions offered to you.

Early repayment
free of charge
Interest from
loan insurance

Have you already taken us up on our offer?

Don't settle for the first thing you come across! Ask us for a comparative offer, because that’s the only way you’ll get a small loan on the best possible conditions.


Quick and easy

Filling in the application is easy and you will receive an offer in a matter of seconds. We will transfer the money to your account the next working day at the latest.

Accessible everywhere

You can submit an application any time online or at the nearest branch of the bank nationwide. Personal identification can be conveniently done via a computer or mobile phone.


Our professional employees are always there for you to find the best solution for making your wishes come true.

Apply for loan

More information

  • 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.

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.

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.

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

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.

•    Example of expenses related to small loan insurance

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.

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

  • 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

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.

Who can apply for a small loan?

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.

Do I need to switch banks in order to apply?

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.

What can I use a small loan for?

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.

Read more from Small loan FAQ page.