Credit – all the facts and online application here



Nice bank is a credit marketplace for Peer2Per loans. Loans granted here come from private investors. Possible loan amounts are between 1,000 USD and 50,000 USD.

Editor’s tip: A credit marketplace like Nice bank is a great option if you are having trouble getting a loan from other banks and providers. However, keep in mind that the loan also comes with agency and service fees.

Nice bank loan terms

Nice bank loan terms

In cooperation with Best bank, Nice bank provides installment loans from private investors. Loan amounts between USD 1,000 and USD 50,000 are offered for terms of 12 to 84 months. The effective annual interest rate is based on your personal details and the credit score calculated by Nice bank, including, among other things, your information from Credit bureau.

The nominal interest rate is between 3.2% and 15.9% pa The calculation of the annual percentage rate includes the one-time agency fee of 2.95% of the loan amount and the service fee of Best bank of USD 2.50 per month. As a representative example, Nice bank gives an annual percentage rate of 6.15%. If you only need a very small contribution, a short-term mini loan, for example, is worthwhile here.

Requirements for an installment loan with Nice bank

Requirements for an installment loan with Nice bank

Basically, the requirements for a loan with Nice bank are not particularly high:

  • Minimum age of 18 years
  • Permanent residence in Germany
  • Current account with a German bank
  • No hard negative characteristics in the Credit bureau

From which sources your income comes exactly is not decisive for the provider. The main thing is to be able to repay the loan. This means that not only employees, but also the self-employed, freelancers or students and trainees are eligible for a loan with Nice bank.

How do I get a loan from Nice bank?

How do I get a loan from Nice bank?

In order to receive an installment loan through Nice bank, you must first create a user account. Then you provide all relevant information about yourself and your financial situation. In addition, you describe what conditions your desired loan should have and what purpose it has. You then have to verify your identity using a video or post ID. Nice bank then uses an internal scoring system to assess your creditworthiness and calculate an interest rate tailored to your needs.

After these steps are complete, your credit request will be posted on the Nice bank credit marketplace. Private investors can now decide whether they want to invest in it. According to the provider, most loan projects are financed within 2 hours.

Nice bank loan payment

Nice bank loan payment

A personal loan through Nice bank is repaid in monthly installments at the specified conditions. A full repayment of the loan before the end of the term is only possible against a prepayment penalty. Special repayments with smaller installments can be made free of charge at any time.

Protection of the Nice bank installment loan

Optionally, borrowers can take out residual credit insurance with Nice bank. This intervenes if there is no fault of your own, unemployment or in the event of death and, under certain conditions, pays back the monthly installments.

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