600 dollar mini loan
A financial bottleneck can always occur and be bridged with the help of a 600 dollar mini loan. If you receive an unexpectedly high bill or if you cannot pay the rent because your salary was not paid in time, you can easily take out a 600 dollar mini loan and pay the bills. Here we tell you how you can take out a 600 dollar loan and what else you should know about it.
Which providers offer a 600 dollar mini loan?
You can take out a 600 dollar mini loan with Best Bank, Good credit company or Nice Bank, for example. However, you should already be a customer of Good credit company, because first-time customers will not receive loans of more than 500 USD. As a first-time customer at Nice Bank you also get a 600 dollar loan with an interest rate of 10.36 percent. This is the annual percentage rate, which is only calculated over a short period.
With a term of 30 days, you only pay 5.11 USD in interest. The effective annual interest rate at Best Bank is 7.95 percent, which means that the interest rate is only USD 3.78. If you are an existing customer of Good credit company, the interest amounts to 6.95 USD.
Who can take out a 600 dollar loan?
If you are of legal age and have a German bank account, you can take out a 600 dollar loan. As an additional requirement, you must provide proof of residence in $ope for a loan with Nice Bank. Best Bank and Good credit company require that your main residence is in Germany. Good credit company also requires a minimum income of 500 USD. You only get a credit of 600 USD as an existing customer. First-time customers can only take out loans up to USD 500 there.
Best Bank expects a minimum income of 700 USD, while Nice Bank does not provide proof of income. Loans are generally not given to over-indebted people. However, if you have a negative Credit Bureau entry, this is not a major problem, because small loans are often given by the providers mentioned. Your loan application can be rejected, but it is also worth trying if you have a poor Credit Bureau score.
What is a 600 dollar loan needed for?
Not everyone can spontaneously raise 600 USD. If this becomes necessary, a mini loan can be of great help. After all, it can always happen that your boss just sweaty your wire transfer and you can’t pay your rent. Since you know that your boss will transfer the money shortly, you can safely take out a 600 dollar mini loan, which you will repay as soon as the salary is in your account. Interest is negligible, with Best Bank you only pay USD 3.78 interest on the loan with a 30-day term.
You can also pay unexpectedly high bills with a mini loan. You usually only notice a defective water meter if you check your consumption regularly or if the end-of-year billing is significantly higher than you thought. Until the question of whether the meter is really defective has been clarified, you should first pay the bill.
If you are not sure that you can pay off your $ 600 mini loan during the short term, you should look for alternatives. Also keep in mind that additional options such as direct transfer or payment in several installments increase the total loan costs very strongly. An installment loan from your house bank may be the cheaper and safer way. Most companies, such as energy suppliers, can also talk to themselves. If you are unable to pay an unexpectedly high bill, there is often the option of agreeing an inexpensive payment in installments.
How quickly is a 600 dollar loan paid out?
Depending on the provider, it takes a different amount of time until you receive your 600 dollar mini loan. Good credit company transfers the money very quickly, it should be in your account within three to five working days. It can take a particularly long time at Nice Bank. Here the money is with you within up to 15 working days. Best Bank is in the middle with a period of up to seven working days.
If you really need the 600 USD, you can book a preferred processing with all providers. You will receive your loan on the same day, but at the latest within 24 hours. Certain restrictions often apply to amounts over USD 500. Best Bank charges a fee of 99 USD for faster processing and only offers this option to existing customers.
Good credit company only charges 39 USD for this service. However, loans from 500 USD are only granted to existing customers. With Nice Bank you can also have a 600 dollar loan paid out within 24 hours. The fee for this is 179 USD.
When do you have to repay a 600 dollar loan?
You will repay your USD 600 mini loan by the end of the agreed term. By default, the term of mini loans is 30 days. With Good credit company you also have the option of choosing a term of 15, 60 or even 90 days. Nice Bank also offers the possibility of a longer term. Here it is 62 days.
The repayment is automatically divided into two installments, for which a fee of 99 USD is required. If you take the $ 7.93 interest into account, you would pay a full $ 706.93 for your $ 600 loan with this option. It is similar with Best Bank. The extended term is 60 days and the 2-installment option also costs 99 USD. Because of the lower interest rates, the loan would ultimately cost you 704.68 USD.