You can bridge a major financial bottleneck with a 900 dollar mini loan. Mini loans are particularly characterized by their short terms, which means that only low interest rates accrue. With a 900 dollar mini loan, for example, you can pay your rent if your employer did not transfer your salary in time. With a 900 dollar loan, you can also bridge phases in which you spontaneously need money that you have but cannot currently dispose of. With us you will learn how you can get a 900 dollar mini loan and what you should pay attention to.
Which providers offer a 900 dollar mini loan?
For example, you can take out a 900 dollar mini loan with Lender Bank, Binary Bank or Infra bank. Of these, Infra bank is the only provider that also grants this amount to new customers. Lender Bank and Binary Bank also offer USD 900 mini loans, but only give them to existing customers. If you have already taken out a loan from one of these providers, you are probably already familiar with the terms. At Infra bank you get a loan with an effective annual interest rate of 10.36 percent.
900 USD is a lot of money. If you are not sure that you can get the money within the short term, you may want to look around for alternatives. Suppose you borrow 900 USD from Infra bank and need the money as quickly as possible. Then you pay an acceleration fee of 199 USD. In addition, there are 149 USD for the 2-rate option. The 11.90 USD interest is hardly significant. The total cost of the loan is USD 1259.90. The first of the two installments is due 31 days after the loan has been approved. Only take out the loan if you can really afford it.
Who can take out a 900 dollar loan?
If you have a German bank account, live in Germany and are of legal age, you can in principle take out a loan of USD 900. If you have not yet taken out a mini loan from the companies mentioned, you cannot borrow this amount from Binary Bank and Lender Bank. Loans above this amount are only available to existing customers.
This rule does not apply to Infra bank. Infra bank even does not provide proof of income and your place of residence must be in Europe. You must not be over-indebted. However, a bad Schufa score is not an exclusion criterion. Depending on your current financial situation, it is still possible to get a mini loan.
What is a 900 dollar loan needed for?
It’s a very classic situation: your boss simply forgot to transfer your salary to you in good time. You still have to pay the rent and other liabilities at the beginning of the month. Knowing that the money is coming soon, you can meet your payment obligations with the money from a 900 dollar loan.
Maybe it’s one of those months when everything goes wrong. In addition to the washing machine, the refrigerator also breaks and a repair would not be worthwhile. However, such devices must be replaced quickly. If the money is not currently available, for example because you have invested something and cannot freely dispose of it at any time, you can replace the devices with a 900 dollar mini loan. You will repay the loan as soon as you have the investment money.
In such cases, however, you should also think about other options, since the total cost of a mini loan over USD 900 is relatively high. If you have to replace broken large devices, you should find out about the possibility of financing. In general, many companies have the option of paying higher bills in several installments. If your electricity bill is unexpectedly high, you should try talking to your electricity provider.
Alternatively, there is also the bank loan. If you do not get an installment loan, you can borrow the money from private individuals, for example via intermediation platforms such as Fine Bank or Agree Bank. You may get your 900 USD cheaper than with a mini loan. And even if there is not much difference, you can benefit from predictable and cheaper repayments.
How quickly is a 900 dollar loan paid out?
If you want to receive your 900 dollar loan free of charge, i.e. without additional fees, you have to be patient. Infra bank pays out loans within 15 working days. With up to seven working days, the transfer at Binary Bank is significantly faster. You can have Lender Bank money in your account even faster. Here it only takes three to five working days.
If you are in the situation of having to have 900 USD as soon as possible, you can give the providers legs. For example, Lender Bank offers an express option that allows you to withdraw your money within 30 minutes. It is in your account as soon as your bank credits the money. The acceleration fee is 39 USD. At Binary Bank, this option is called a super deal and costs 99 USD. With 199 USD, the fast transfer at Infra bank is even more expensive.
When do you have to repay a 900 dollar loan?
When you apply for your 900 dollar loan, you set a term. You must have repaid the money plus interest and any fees by the end of the term. With Infra bank and Binary Bank you can only take out a 900 dollar loan with a term of 62 or 60 days. With both providers, you only get the loan including the 2-installment option, where you repay your loan in two installments. The 2-rate option is associated with additional fees. For Infra bank this is 149 USD, for Binary Bank 99 USD.