Loans and Mini-Credits in Ferratum Apply Online
Do you need a small amount of money and can't wait? Did you know that with the help of your mobile phone, you can solve your financial problems? Do you want to know how? Here we will tell you.
Ferratum Company has been in existence for 10 years and has expanded its activities beyond Europe. Today Ferratum is one of the leaders in the microfinance market in Spain, with its headquarters in Malta. The guarantor of reliability are the thousands of customers around the world (Ferratum offices can be found in more than twenty countries).
You are probably interested in why this company is different from the others? A distinctive feature of this company is that Ferratum was one of the first to use mobile technology to submit a loan application. This is a very convenient option for those who do not have the device connected to the Internet at hand, because sending SMS is much easier, right? Imagine, you can apply for a quick loan and get the money on your card simply by using your phone for minutes! You just have to choose the desired quantity and the return period (using numbers and space signs), as well as the number of your personal code on the company's website. No office visits, no endorsements or paperwork.
It is worth noting that this option is only available to the company's clients, who have successfully repaid the previous loan. Newcomers have to fill out a standard form on the website. The data are: your name, age, address, income, and place of work. We do not recommend misleading company employees and providing false information, as sooner or later the deception will be exposed, and you may be liable to pay a fine.
The process of filling in the form on the Ferratum site is very fast and its structure is not different from other micro-credit sites. All you have to do is select the desired quantity and expiration dates (note that up to 300 dollars are available the first time), and fill in the required fields.
If you apply for an instant loan at Ferratum for the first time, you will have available the amount of 50 to 300 dollars. Keep in mind that in the case of a credit request for an amount up to less than 500 dollars, the repayment period for you will be a maximum of 30 days. When the amount of 500 to 700 dollars is requested, the loan can be repaid within 45 days.
A pleasant surprise is the lack of fees during your first loan (of course, this only applies if the amount requested does not exceed 300 dollars). For larger amounts (from 300 to 700 dollars), the commission depends on the payment amount and the size that are established in the SMS messages of the Ferratum company during the registration request for your quick loan (do not forget that the mobile phone plays an important role in sourcing Ferratum products).
Like other companies, in order to become a Ferratum customer, you must meet the following simple requirements: be at least 25 years old, Spanish DNI / NIE, a stable income and absence from the debtors list .
If you recognize that you will not have time to make the monthly payment on time, you have to inform about it in advance, 5 days before the payment date, and you get a delay of 15 days. A maximum of two extensions are allowed for each credit.
For a delay of three to nine days in which you will have to pay an extra 10 dollars for delay, and from 10 to 16 days, the rate will be 25 dollars. If you are late for a period of 17 to 23 days, the commission will rise to 45 dollars. In case of delay of more than 23 days, you will have to pay 70 dollars. Of course, there is only one way to avoid such unpleasant situations.
In order to avoid such troubles, we initially recommend choosing the desired pay date, based on the day of your salary or other regular income. Trust that those who pay their microloans on time and without problems, can request another loan in Ferratum easier, just using SMS. Also, you will have the opportunity to take out a larger loan with a longer term. Good luck with your finances!