Borrow 200 USD mini loan with instant payment to your account!
Posted On April 17, 2020
There are many situations in which you have to overcome a financial bottleneck, for example with a 200 USD mini loan. For example, you can use a loan of over 200 USD to cover unexpected costs, such as repairing your car or dishwasher. Here we tell you how you can take out a 200 USD loan and what you should know about mini loans.
Which providers offer a 200 USD mini loan?
Mini loans over 200 USD are offered by several providers . The best known include Fine bank, Infra Bank and Best Bank. With Best Bank you can take out a 200 USD mini loan with a term of 15, 30, 60 or 90 days. At Infra Bank this loan is only available for a term of 30 days.
Fine bank does not offer a 200 USD mini loan, but only one for 199 USD. The terms are 15, 30 or 60 days. With the 60-day term, the repayment is divided into two installments. For this, the 2-rate option must be selected, which costs an additional 40 USD.
Who can take out a 200 USD loan?
In order to take out a loan of over 200 USD, you must be of legal age and have a Binary Lender account. You should have your main residence in Germany. Infra Bank is an exception here, where it is sufficient if the main residence is in Europe. All providers rule out lending to someone who is over-indebted.
A negative Credit Bureau entry does not mean that you cannot get a small loan. As a rule, you can also have your financial situation assessed directly by the providers. Infra Bank is the only company mentioned here that does not have to provide proof of income. To get a $ 200 loan from Fine bank, you need to have a stable minimum income of $ 700. With Best Bank, an income of 500 USD is sufficient.
What is a 200 USD loan needed for?
A 200 USD loan is often taken out when there are spontaneous additional costs. If you have a car, you are probably familiar with such a situation: the weather is good, possibly too warm for the season, and suddenly the person in the weather forecast says that the first snow will be around you in a few days. They go to the basement to get the winter tires.
You will notice that the tires have cracked during storage. This in turn means that you can no longer use them and quickly buy new winter tires. If the money is scarce, a 200 USD loan is certainly not inconvenient in this situation.
It is similar with repairs. Maybe it’s summer and your balcony door slams so hard that the glass breaks. Now you need a new screen as quickly as possible so that it cannot rain in and burglars should not have an easy time of it.
A 200 USD small loan can also be used for medium-sized purchases. You may be saving $ 100 every month to buy a new notebook. You are still missing 500 USD. Suddenly you will find a special offer in a prospectus, in which it is offered 300 USD cheaper. If you take out a mini loan, you can take the offer with you and pay back the loan with the money that you would have saved in the next two months anyway.
How quickly is a 200 USD loan paid out?
Depending on the provider, the mini-loan is paid out within 3 to 15 working days. The mini loans are free of charge from the providers mentioned, which means that you only have to repay the loan amount plus the interest. If you want to take out a loan of several thousand USD, you usually do so on the basis of a calculated plan for a larger purchase or something similar.
Mini loans, on the other hand, are mostly emergencies in which some money is quickly needed. Therefore, the providers offer express options that allow you to have the money in your account within 24 hours during the week and sometimes even on the same day.
With a 199 USD credit from Fine bank, the rush fee is 39 USD, the same applies to the 200 USD mini loan from Best Bank. With a loan amount of 200 USD, Infra Bank charges an acceleration fee of 89 USD. The fees are usually due at the repayment rate. With Best Bank, a $ 200 instant loan would therefore cost a total of $ 241.32.
When do you have to repay a 200 USD loan?
When borrowing, you decide on a term. With Best Bank you can take out a 200 USD loan with a term of 15, 30, 60 or 90 days. You must have repaid your mini loan by the end of this period. The same applies to the loan with Infra Bank. Fine bank’s loan offers a special feature. At Fine bank you cannot take out a loan of 200 USD, but instead a loan of 199 USD.
From 200 USD you can choose between 30 and 60 days duration. At 60 days, you would pay two instead of one repayment rate, which incurs additional fees. With the 199 USD mini loan, there is an additional term of 15 days to choose from.