Coop Pank review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Coop Pank is an Estonian cooperative bank that suits borrowers who want a small, fixed-rate personal loan for home improvement with no charge for repaying early. The trade-off is cost and reach: the consumer loan tops out at €300 to €25,000 and a monthly administration fee keeps running after the contract is signed.

Key facts

Best for
A small fixed-rate home improvement loan with free early repayment.
APR
22.78% (Source, checked September 26, 2026)
Loan amount
€300 to €25,000 (Source, checked September 26, 2026)
Term
6 to 120 months (Source, checked September 26, 2026)
Arrangement fee
2% of loan amount, minimum EUR 35; plus EUR 1.5 monthly contract administration fee (Source, checked September 26, 2026)
Funding time
Within one business day of signing the contract and identity verification; the amount reaches the account on the same or the next banking day (Source, checked September 26, 2026)
Representative example
Väikelaen EUR 2250 over 36 months at 17.9% fixed on outstanding balance: contract fee EUR 45, monthly admin fee EUR 1.5, instalment EUR 82.73, total credit cost EUR 3023.28, annual cost of credit 22.78% (Source, checked September 26, 2026)
Rate type
Fixed (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
Yes (Source, checked September 26, 2026)
Eligibility
At least 18 years old; Estonian citizens, or foreign citizens residing in Estonia with a valid residence permit or right of residence; age not over 75 at end of the term; monthly income from EUR 400; correct payment behaviour (Source, checked September 26, 2026)
Origination fee (%)
2% (Source, checked September 26, 2026)
Loan types
Personal, Secured, Car (Source, checked September 26, 2026)
Credit needed
Fair (Source, checked September 26, 2026)
Use cases
Home-improvement (Source, checked September 26, 2026)
Legal entity
Coop Pank AS (Source, checked September 26, 2026)
Headquarters
Estonia (Source, checked September 26, 2026)
Founded
1992 (Source, checked September 26, 2026)
Support channels
Phone, Email, Help-centre (Source, checked September 26, 2026)
Pricing model
Fixed rate
Official website
cooppank.ee

Mortgages

Initial rate
1.49% (Source, checked September 26, 2026)
APRC
4.306% (Source, checked September 26, 2026)
Fixed period
5 years (Source, checked September 26, 2026)
Maximum loan to value
85% (Source, checked September 26, 2026)
Product fee
€100 (Source, checked September 26, 2026)
Purpose
Purchase, Remortgage (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Legal entity
Coop Pank AS (Source, checked September 26, 2026)
Headquarters
Estonia (Source, checked September 26, 2026)
Founded
1992 (Source, checked September 26, 2026)
Support channels
Phone, Email, Help-centre (Source, checked September 26, 2026)

Apps and profiles

Get the app
App StoreGoogle Play
Elsewhere
WikidataWikipediaLinkedInfacebook.cominstagram.comyoutube.com

Pros and cons

Pros

  • Free early repayment, so settling the balance sooner costs nothing extra.
  • Fixed-rate lending with terms of 6 to 120, so the price of the loan never moves.
  • A decision within a business day of signing and identity verification, with the money reaching the account on the same or the next banking day.
  • Support runs on phone, email and help centre.

Cons

  • The consumer loan rate of 22.78% sits above the site median of 12%.
  • Fees stack up: 2% of the amount charged up front, subject to a minimum, plus a monthly contract administration fee that runs until the balance clears.
  • Maximum loan to value of 85% is below the site median of 90%, so home buyers need a larger deposit.
Coop Pank

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Scored 9.0 / 10 by BorrowCue.

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Who it suits

  • Estonian borrowers planning home improvement who want a fixed rate and the option to clear the loan early.
  • Households able to absorb a monthly administration fee on top of the origination charge.
  • Home buyers and remortgagers who value an initial rate of 1.49% over a higher maximum loan to value.

Who should look elsewhere

  • Cost-first borrowers: Monzo Flex charges 10% to 23% and Cashspace ES lists 0%, both below 22.78%.
  • Readers outside Estonia, since eligibility covers Estonian citizens and foreign residents holding a valid permit, and a lender such as Monzo Flex at 10% to 23% may fit better.

The company behind it

Coop Pank AS is the legal entity behind the brand, a bank headquartered in Estonia and founded in 1992. It is a direct lender, so contracts and servicing sit with the bank rather than a broker. Support runs on phone, email and help centre, which covers phone, email and a help centre for anyone working through a contract.

How Coop Pank compares

Where Coop Pank is available

Available
Estonia
Licence in Estonia
European Central Bank, checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

How much does a Coop Pank personal loan cost?+

The consumer loan carries an annual rate of 22.78%, above the site median of 12%, and the representative example shows a total credit cost above the sum borrowed. On a fixed-rate loan the interest never moves, so the figure that matters is the total repayment rather than the headline rate.

What fees are charged on top of the interest?+

The consumer loan charges an origination fee of 2% of the amount, subject to a minimum, plus a monthly contract administration fee that runs until the balance clears. Home lending is simpler, with a one-off product fee of €100 on an initial rate of 1.49%.

How quickly does the money arrive?+

A decision comes within a business day of signing the contract and identity verification, and the amount reaches the account on the same or the next banking day. Every loan is fixed rate, so nothing changes on the price while you wait for the money to land.

Can I repay early without a charge?+

Early repayment carries no charge, so a loan running 6 to 120 can be settled early without the extra cost some lenders add. That suits anyone whose income moves and who may clear the balance sooner than planned. The rate is fixed, so the flexibility does not come with a price that can drift.

Who can apply for a loan?+

Applicants must be adults, Estonian citizens or foreign citizens residing in Estonia with a valid residence permit, meet a minimum monthly income and show correct payment behaviour, with an age limit at the end of the term. The credit bar is fair, so a fair record is enough.

How much can I borrow and over what term?+

Amounts cover €300 to €25,000 and terms run 6 to 120, with fixed rate lending and a fixed rate throughout, so the cost is known before you sign. The listed use case is home improvement, which makes a planned renovation the clearest fit.

What home loans are available?+

Home loans cover purchase and remortgage, with an initial rate of 1.49% and an annual percentage rate of 4.306%, fixed for 5. Borrowing is capped at 85% of the property value, below the site median of 90%, so a larger deposit is needed.

Who regulates Coop Pank?+

Coop Pank AS is a bank headquartered in Estonia and its supervisor is the European Central Bank. The bank lends directly, since direct lender applies, so the contract and the credit decision sit with Coop Pank rather than an intermediary, and servicing continues after the money is paid out.

Sources

  • cooppank.ee checked September 26, 2026

    Backs: Headquarters, Legal entity, Support channels

    “Coop Pank AS, Maakri 30, 15014 Tallinn”

  • cooppank.ee/eraklient/kodu/kodulaen checked September 26, 2026

    Backs: APRC, Initial rate, Maximum loan to value, Product fee, Purpose

    “Home loan: the initial annual cost of credit is 4.306% per year under these conditions: credit amount 115,000 EUR, repayment over 30 years in 360 monthly annuity payments, contract fee 100.00 EUR,...”

  • cooppank.ee/eraklient/vaikelaen checked September 26, 2026

    Backs: Loan amount, APR, Credit needed, Eligibility, Free early repayment, Lender type, Loan types, Arrangement fee, Origination fee (%), Rate type, Representative example, Term

    “Laenusumma 300 - 25 000 EUR (small loan amount EUR 300 - 25,000)”

  • cooppank.ee/info/kkk/kodulaen checked September 26, 2026

    Backs: Fixed period

    “For how long can the interest rate be fixed? At Coop Pank the interest rate can be fixed for 5 years”

  • cooppank.ee/info/kkk/vaikelaen checked September 26, 2026

    Backs: Funding time, Pricing model, Use cases

    “Raha kanname laenuvõtja kontole hiljemalt ühe tööpäeva jooksul pärast lepingu sõlmimist ja isikusamasuse tuvastamist (money is transferred within one business day of signing and identity check)”

  • en.wikipedia.org/wiki/Coop_Pank checked September 26, 2026

    Backs: Founded, Licences

    “The bank was established in 1992 under the name Eesti Krediidipank ('Estonian Credit Bank')”

Compiled from 6 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Credit check.

Coop Pank

Coop Pank

A small fixed-rate home improvement loan with free early repayment.

9.0/10See alternatives

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