A micro loan provides quick financial support for unexpected expenses. With amounts from €100 to €1,500 and a term of 30 days, micro loans are ideal for short-term emergencies.
What is a Micro Loan?
A micro loan (also called small loan or short-term loan) is a short-term loan for a relatively small amount. Unlike traditional installment loans, a micro loan is typically repaid in full within 30 days.
Typical Conditions
| Loan Amount | €100 - €1,500 |
| Term | 30 days |
| Effective Annual Rate | from 7.95% p.a. |
| Minimum Age | 18 years |
| Minimum Income | €700 net/month |
| Residency | Austria |
Example Calculation
For a net loan amount of €300 with a 30-day term and an effective annual rate of 7.95% p.a., the total repayment amount is approx. €301.95. Actual costs may vary by provider.
Advantages of Micro Loans
Fast Processing
Application in minutes, often same-day payout
100% Online
Complete application digitally, no paperwork
Credit-Neutral Inquiry
The rate inquiry does not affect your credit score
24/7 Available
Apply anytime, even at night and on weekends
When is a Micro Loan Useful?
- Unexpected repairs (car, household appliances)
- Bridge until next paycheck
- Urgent purchases
- Unforeseen bills
Important Notes
Micro loans are only intended for short-term emergencies. Repayment must be possible within the agreed term. For longer-term financing needs, a traditional installment loan is usually cheaper. Always compare total costs!
Micro Loan Provider in Austria
Cashper is the first micro loan provider in Austria with an official bank license:
- First micro loan provider in Austria
- Official bank license (Malta Financial Services Authority)
- Over 100,000 customers across Europe
- TrustPilot rating: 4.6/5 stars
Request a Micro Loan Now
Non-binding rate inquiry at Cashper - the first micro loan provider in Austria.