With a 400 USD mini loan, you can bridge an acute financial bottleneck. After all, it can always happen that unexpected costs arise, for example for the repair of your car or a new washing machine if yours spontaneously stops working. A 400 USD mini loan is extremely practical in such cases. Here you will find out what you should know about mini loans and how you can take out a 400 USD loan.

Which providers offer a 400 USD mini loan?

With Prida Cash Lender, MyCredit Lender and Capital Lender you can easily borrow 400 USD. The mini loans have short terms, so you can bridge an acute financial bottleneck without having to worry about a long-term repayment plan. Another advantage of a 400 USD mini loan is that you have to pay little interest for the short term.

The interest on mini loans is higher than that of most installment loans, but in the end you pay less for your loan due to the short term. The interest rate at Prida Cash Lender is 13.9 percent, at MyCredit Lender 10.36 percent and at Capital Lender 7.95 percent. If you borrow USD 400 from Prida Cash Lender over a 30-day term, the mini loan will only cost you USD 4.63 interest. At Capital Lender you only pay 2.52 USD interest.

Who can take out a 400 USD loan?

In order to take out a 500 USD loan, you must be of legal age and have a Cream bank account. For a loan with MyCredit Lender you have to have your main place of residence in USDpe, with Capital Lender and Prida Cash Lender in Germany. The general rule is that you must not be over-indebted. If you have a negative Credit bureau entry, you may still be able to get your $ 400 mini loan.

For example, Capital Lender assesses your creditworthiness yourself if the Credit bureau score is too bad. A bad score is also not an exclusion criterion for the other providers. You do not need to provide proof of income at MyCredit Lender. Capital Lender, on the other hand, requires a stable minimum income of at least 700 USD, Prida Cash Lender expects a regular salary of at least 500 USD.

What is a 400 USD loan needed for?

It can happen at any time that you incur unexpected additional costs. You may have to pay a high bill spontaneously, such as an unexpectedly high utility bill or an electricity bill that is significantly more expensive than you thought. With a 400 USD mini loan you can pay such bills and pay back the loan in the coming or in the next two months.

It is similar with repairs. If you are professionally dependent on your car, necessary repairs cannot be postponed. As fate would have it, such defects usually occur in the most inappropriate situations. You may also be involved in an accident and it will take some time before you receive the money for the repair from your opponent’s insurance. Even in such a situation, it is practical if you can quickly take out a 400 USD loan.

How quickly is a 400 USD loan paid out?

All of the providers mentioned here offer their loans free of charge. This means that you only have to repay the loan amount plus the agreed interest. The free service can take a few working days. At MyCredit Lender, the money is in your account within 15 working days. Capital Lender transfers within 7 working days, Prida Cash Lender in 3 to 5 working days.
In most cases, a microcredit is taken out because for some reason you need some money quickly.

For this reason, all providers also offer quick transfers, with which the money is in the account on the same day, but no later than the next working day. This option is called Super-Deal at Capital Lender and is associated with fees of USD 99. If you want your 400 USD loan to be paid out by MyCredit Lender immediately, it will cost you 139 USD. At Prida Cash Lender, the acceleration fees are the cheapest at 39 USD.

When do you have to repay a 400 USD loan?

When you apply for your USD 400 loan, you choose a term. You have until the end of the term to repay your loan plus interest and any additional fees. At Capital Lender there is a 400 USD loan with a 30 or 60 day term. With 60 days, you pay back your loan in two installments. For this 2-rate option, you currently pay additional fees of 45 USD.

MyCredit Lender offers the option to repay the loan in 30 or 62 days. Again, the longer term is only available with the 2-rate option, which costs 79 USD. With Prida Cash Lender, you have 15, 30, 60 or 90 days to repay your USD 400 credit, as you wish. If you want to repay your loan in several installments, you can also do so for a fee.