Advantages and Opinion of Ferratum loans in 2019

Introduction

Ferratum Group is a loan provider that operates internationally in various countries in Europe and America. Thanks to an innovative financial technology, this financial institution is a pioneer in online loans in more than 20 countries. The objective of this service is to provide an innovative financial solution capable of helping clients to specify different projects easily and quickly. What is Ferratum? It is a group that strives to provide the best financing service through a simple interface using simple and fast procedures so that any type of client can access them safely.

About online loans

Personal bank loans usually take months to be approved and require a lot of time and documentation since you will have to physically introduce yourself several times to access your loan. The online loans were born to avoid this type of cumbersome process and for you to easily and quickly access the money you need to travel, study, make reforms or pay debts and fines. That is why, if you need money urgently, Ferratum offers you the possibility of controlling your financial life by accessing a flexible and secure loan with clear conditions quickly.

Ferratum loans

While there are different loan offers instantly, Ferratum loans are the most sought after because of their clear conditions and the flexibility to choose the amount of the installments. The advantages of your Ferratum credit are clear: you can get money on the spot, it does not require guarantees or guarantees, the interests are fixed, you can choose the conditions, the whole process is 100% online, you can request it any day of the week at any time , the requirements are minimal and you will have the money you need in your account in less than 10 minutes. If you need money urgently, it is the safest and most practical way to apply for your loan.

How does it work

Ferratum is reliable, and you can calculate the costs without commitment in a safe and clear way as many times as you want. To analyze the different loan situations and choose an amount, term and quota that suits your needs, you should only use the virtual loan simulator. You can use it and change the options as many times as you think necessary and does not imply any type of commitment. New customers may request a maximum of 2,500 pesos and choose a return period of up to 45 days. If you are a recurring customer, the maximum amount to request will be 4500.

Interests

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Interest varies since it depends on the amount and term chosen. By using the virtual credit simulator, you will see transparently every important detail such as commissions, interest, fees and total value to be paid. For example, if you want to request 2500 pesos and return it within 30 days, below the simulator you will see that the commission for that request will be 925 pesos, that the maximum CAT is 2803% and that the total amount to be paid will be 3425 pesos. The loans are credited to your account from Monday to Friday during banking hours. If you apply for a loan on a Saturday, it may take 48 hours to get accredited.

Requirements

If you want to apply for your Ferratum loan and access the lowest interest rates in the market, you must meet the requirements detailed below:

  • Be over 21 years old
  • Be a Mexican resident
  • Have a healthy credit history
  • Have identification IFE, INE
  • Be a bank account holder
  • Be the holder of a cell phone number
  • Have a photo or PSF of your bank account statement

How to apply for the loan

ferratum 2 Requesting and receiving your loan will take less than 10 minutes, just follow these simple steps:

  1. Enter Ferratum.mx and choose the term and amount of the loan
  2. Once satisfied, click on Request My Loan
  3. Complete the form with your personal work and banking information
  4. Your data will be verified instantly after your authorization through the Credit Information Societies of Mexico
  5. If everything is in order, you will receive an email confirming the approval

Note: As an identity verification process you will receive a message with your PIN to be able to access My Account from the Ferratum platform and manage your loan in an organized manner. This PIN will serve you for future loans.

Payment Methods

The simplest way to pay your loan is by deposit or transfer using the data that will be provided. You can also make electronic transfers from your bank. You must always include the Payment Reference Number of your loan. You can pay your loan in advance without commissions and you can opt for the Ferratum extension option. By loan, you will have access to three extensions that will generate an additional commission to the total amount. The extension request can be made by email or through My Account, as long as it is three days before the expiration of payment. If you do not request the extension of payment, you will incur additional charges for late payment and delinquent interest.

Opinions about Ferratum

This is one of the first companies that started offering their online loan services, and you have millions of customers around the world. In Mexico, it has a 4.5 out of 5. In general, users who request their loan with Ferratum do so again in the future and recommend the use of this platform to their acquaintances. Among the opinions, users highlight the ease of the application process, the customer service center’s customer service and the speed and clarity in which the different functions can be viewed from the account. This makes Ferratum a trustworthy company with which you can count on to access your loan safely.

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Money instantly, with minimum requirements and flexible conditions, that is exactly what Ferratum offers. You can choose the amount and term of your loan and see with total transparency the commissions and interest. Access the money you need without leaving your home 100 online. Do not think twice and apply for your Ferratum loans now, it is the most practical way to organize your finances without postponing your plans.

 

Eco Loan as a Cheap Loan

 

Banks provide their loan offers with different names, which are used primarily for advertising, but also provide information about the type of loan offered and the projects to be financed. A fairly new term that can be found in many publications and advertisements is eco-credit. What is meant by such?

 

What are eco-loans for?

What are eco-loans for?

Eco-credit is the catchy abbreviation for an ecological loan . By its nature, ecology does not refer to lending, but to the object to be financed. Depending on the bank, eco-credit can be used to finance motor vehicles with particularly low fuel consumption or special vehicles such as cars with a hybrid engine or an electric drive.

When building a house or when renovating a house, the eco loan is particularly suitable for the installation of a solar system or for the installation of a heat pump. In addition, some banks grant eco-loans for the improvement of thermal insulation.

The exact projects that support them with discounted eco-loans are taken by commercial banks themselves, while KfW (Kreditanstalt für Wiederaufbau) supports measures that are subsidized by the legislator.

 

What advantages do eco-loans offer?

What advantages do eco-loans offer?

The most striking advantage of eco-loans is their noticeably improved interest rates compared to non-discounted loans. In many cases, banks also allow their borrowers to prematurely redeem part of the green loan without charging early repayment penalties.

Furthermore, many financial institutions refrain from securing a land register in an eco-loan for a constructional measure, thereby saving the landowner costs and maintaining simplified access to further loans.

For some measures, such as the construction of a solar power system, the feed-in tariffs guaranteed by the Renewable Energy Act, which the plant achieves after commissioning, can be used as collateral, increasing the borrower’s credit rating and further reducing the interest payable.

 

Also compare other offers before borrowing

Also compare other offers before borrowing

In many cases, eco-credit is the cheapest financing option. However, real estate owners and builders should review different offers.

In particular, financing by means of a rents-based building savings contract, but also offers from regional banks can be just as favorable as a special eco-loan in individual cases, especially since these also make their interest rates dependent on the ecological effectiveness of a planned measure.