Coop Pank review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Coop Pank suits Estonians and foreign residents in Estonia who want everyday banking, a 2% variable easy-access savings rate and small personal loans under one roof. Its €1,000 free ATM allowance and debit card suit everyday spending, though fees on immediate access and a 22.78% borrowing rate keep costs in view.
Key facts
Loans
- APR
- 22.78%↗
- Loan amount
- €300 to €25,000↗
- Term
- 6 to 120 months↗
- Arrangement fee
- 2% of loan amount, minimum EUR 35; plus EUR 1.5 monthly contract administration fee↗
- 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↗
- 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%↗
- Rate type
- Variable↗
- Lender type
- Direct lender↗
- Free early repayment
- Yes↗
- 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↗
- Origination fee (%)
- 2%↗
- Loan types
- Personal, Secured, Car↗
- Credit needed
- Fair↗
- Use cases
- Home-improvement↗
- Pricing model
- Fixed rate
Savings
Mortgages
- Initial rate
- 1.49%↗
- APRC
- 4.306%↗
- Fixed period
- 5 years↗
- Maximum loan to value
- 85%↗
- Product fee
- €100↗
- Purpose
- Purchase, Remortgage↗
Facts checked September 26, 2026, 11 sources
Apps and profiles
- Get the app
- App StoreGoogle Play
- Elsewhere
- WikidataWikipediaLinkedInTrustpilot
Pros and cons
Pros
- Free ATM withdrawals of €1,000 on a debit card, with multi-currency and travel features
- Easy-access savings paying 2% at a variable rate, with free withdrawal to your own account from the next day
- Loans of €300 to €25,000 over 6 to 120 with free early repayment and funding within a business day of signing
- Support runs by phone, email and a help centre
Cons
- Immediate access to savings is charged a fee per the price list, where a free withdrawal to your own account starts as early as the next day
- Small loans price at 22.78%, well above the 15.5% site median
- A monthly contract administration fee is added on top of the origination fee
Who it suits
- Estonian citizens and foreign residents in Estonia with a valid residence permit
- Adults with steady income and correct payment behaviour who want fair credit
- People wanting one bank for a debit card, savings and a small loan
Who should look elsewhere
- Residents outside Estonia, who are outside the eligibility rules
- Anyone who needs instant access to savings at no cost
- Borrowers wanting a large loan, since amounts start at €300 to €25,000
The company behind it
Coop Pank AS is a bank headquartered in Estonia, founded in 1992 and lending directly rather than through a broker. It serves Estonian citizens and foreign citizens residing in Estonia with a valid residence permit or right of residence. Help runs through phone, email and help centre, so a phone line, email and an online help centre cover most questions.
How Coop Pank compares
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Where Coop Pank is available
- Available
- Estonia
Countries from the brand (Source, checked September 29, 2026)
Frequently asked questions
What rate does Coop Pank pay on easy-access savings?+
The easy-access account pays 2% at a variable rate. Under an open-ended contract, a free withdrawal to your own account starts as early as the next day, while immediate access is charged under the price list.
Is there a fee to take out cash?+
Cash withdrawals are free up to €1,000 on the debit card. Beyond that the price list applies. The card is a debit card, so the balance comes straight from the account rather than a credit line.
How much can I borrow and what does it cost?+
Loans run from €300 to €25,000 with a representative rate of 22.78% and terms of 6 to 120. There is an origination fee of 2% of the loan amount plus a monthly administration fee, and the borrower needs fair credit.
How quickly can a loan be paid out?+
Coop Pank releases funds within a business day of the contract being signed and your identity verified, and the amount reaches your account on the same or a later banking day. Early repayment is free, so settling a loan ahead of schedule adds nothing.
Who can borrow from Coop Pank?+
Applicants must be adults, Estonian citizens or foreign citizens residing in Estonia with a valid residence permit or right of residence, with a steady monthly income and correct payment behaviour. Age must not exceed a limit at the end of the term.
What kinds of loans are available?+
The book covers personal, secured and car loans, aimed at home improvement. It lends directly as a direct lender, so the agreement is with the bank itself rather than a broker or marketplace.
Does Coop Pank offer home loans?+
Home lending is available for purchase and remortgage, with an initial rate of 1.49% and an APRC of 4.306%. The fixed period runs 5 and the maximum loan to value is 85%, with a product fee of €100.
Sources
- cooppank.ee checked September 26, 2026
Backs: Free ATM withdrawals, Features, Headquarters, Legal entity
“cash withdrawals with your debit card are free in Estonia and Europe up to €1,000 per month with the Useful plan”
- cooppank.ee checked September 26, 2026
Backs: Support channels
“Client support 669 0966, Mon-Fri 08.30-19.00, klienditugi@cooppank.ee; Pangakontorid; Korduvad kysimused (FAQ)”
- 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 (%), 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
“The bank was established in 1992 under the name Eesti Krediidipank ('Estonian Credit Bank')”
- cooppank.ee/en/private/daily-banking/cards/debit-card checked September 26, 2026
Backs: Card type
“A debit card with purchase insurance”
- cooppank.ee/eraklient/raha-kasvatamine/hoiuste-intressid checked September 26, 2026
Backs: Headline rate
“Rahasahtel, valid from 30.10.2023, 2.00% on the daily balance”
- cooppank.ee/eraklient/raha-kasvatamine/rahasahtel checked September 26, 2026
Backs: Account kind, Rate type
“Rahasahtel is a flexible deposit that helps you save money automatically and seamlessly”
- cooppank.ee/info/kkk/rahasahtel checked September 26, 2026
Backs: Access terms
“The Rahasahtel contract is indefinite; free of charge you can transfer the accumulated money to your account for use as early as the next day”
Compiled from 11 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Monthly fee, Currency conversion fee, Protection.
Coop Pank
Estonian residents wanting banking, savings and small loans from one direct lender.