Lending

Sometimes you need extra money fast. That’s why we have an easy and flexible loan service that enables you access funds quickly.

Microloans

Microloans offer consumers a quick and straight-forward access to small cash amounts. Ferratum has been a pioneer in bringing mobile micro loans to European consumers. Our microloan business is based on mobile phone technology and electronic bank account debiting.

We have continued to develop digital format applications - both web based and on mobile devices – to offer our products to our customers.

Our customers are able to obtain microloans usually within minutes through the use of their mobile devices. We currently offer microloans in the range of €50–1,000 with maturity periods of 7–90 days, depending on the loan amount and the legislative framework of the location.

We currently offer microloans in the range of €50–1,000 with maturity periods of 7–90 days

PLUS Loans

Our PLUS Loan products are offered in larger amounts typically €300-3,000 with longer maturity periods of 2–36 months

PLUS Loans are more flexible loan products outside the typical range of microloans. Our PLUS Loan products are offered in larger amounts typically €300-3,000 with longer maturity periods of 2–36 months.

The repayment installments are normally equally distributed throughout the term of the loan. This allows customers to budget their finances when repaying.

PLUS Loans involve installment repayment plans, which further distinguish them from our traditional microloan product.

Credit Limit

Credit Limit is a product based on revolving credit which is a type of credit that doesn’t have a fixed number of payments, in contrast to installment loans (Plusloans / Microloans). It is basically an arrangement which allows for the loan amount to be withdrawn, repaid, and redrawn again, in any manner and any number of times, until the arrangement expires.

Credit limit is very similar to a credit card, but without the actual card. Lenders are granted a maximum credit limit, which can be used or withdrawn at any time. Borrowers are only charged on the funds they withdraw. Hence, this product becomes extremely flexible from the consumers point of view. Consumers are able to plan withdrawals and repayments in accordance with their cash flow situation.