English Etymology From mini- + loan. Noun miniloan (plural miniloans) A loan for a small amount. 2009 April 13, “391 Percent Payday Loan”, in New York Times:Others have argued that without these miniloans, people would bounce checks, incurring average costs of $27 or more per overdraft.Wikiwand - on Seamless Wikipedia browsing. On steroids.Remove ads