Minikredit

Cashper Minikredit Overview

Cashper's Minikredit is a short-term small loan for a manageable, immediate financing need – not a substitute for a classic multi-year installment loan. In the loan tier reviewed here, amounts between EUR 100 and EUR 199 are available with a term of one month. Cashper's website also lists larger amounts of up to EUR 3,000 with terms of up to two installments (15, 30 or 60 days) – however, these fall under different terms than the offer reviewed here.

APR and Cost

According to the underlying data, the annual percentage rate (APR) starts at 13.50%. On its own website, Cashper states an overall range of 13.40% to 13.60% APR for its Minikredit loans, with a nominal interest rate listed as 12.50% to 13.00% – the 13.50% figure researched here therefore sits roughly in the middle of that range. Elsewhere, Cashper even cites an example of just 7.95% APR for 30-day loans – so the actual rate charged depends noticeably on individual creditworthiness, term and amount, and is not a fixed figure guaranteed for every applicant. No separate processing fee is charged; according to the provider, all costs are already included in the APR.

Terms and Requirements

Cashper requires sufficient creditworthiness – neither the underlying data nor the provider's landing page gives specific figures for a minimum income or age limit. According to Cashper, the inquiry is Schufa-neutral, meaning the mere check does not negatively affect one's own Schufa (German credit bureau) score, according to the provider – this does not replace a regular creditworthiness check before the loan is granted. No information is available on the conditions for early repayment; anyone who wants to know the exact terms should ask Cashper directly before signing.

Applying for the Loan

Cashper advertises a credit decision within around 60 seconds and states it has already served more than 500,000 customers. The landing page does not provide detailed information on the exact technical steps of the application (identity verification, bank account linkage, payout time).

Pros and Cons

• No separate processing fee
• Very fast credit decision according to the provider (around 60 seconds)
• Schufa-neutral inquiry according to the provider
• Flexible small amount of up to EUR 199 for short-term shortfalls

• APR starting at 13.50% is noticeably higher than with classic long-term installment loans
• Very short one-month term means repaying the full amount in one go
• No information available on minimum income, age limit or early repayment
• The amount range for this loan tier is narrowly limited to EUR 100–199; larger sums fall under different terms

Verdict

The Cashper Minikredit is suitable for consumers who need to bridge a short-term small amount between EUR 100 and EUR 199 and can repay it in full within one month. With an APR starting at 13.50% – according to the provider ranging between 13.40% and 13.60% depending on creditworthiness and term, and in individual cases even lower according to Cashper – the loan sits above the terms of classic installment loans, which is understandable given the short term and the absence of a processing fee. Anyone needing a longer-term or larger loan should check Cashper's terms for higher amounts separately and always use the APR as the decisive benchmark for comparison.