Are you facing an emergency situation? Do not worry, with Ferratum you can solve it in a matter of hours. This company that has a great career, both in Mexico and in the world, gives you access to $ 5,000 pesos that you can pay within a maximum period of 30 days.
When it comes to flexible financial alternatives, Ferratum is your ally, since it can lend you up to $ 5,000 pesos that you can pay in 30 days.
|You are looking for a financing option for small amounts that you can conveniently pay.|
|Short description||Ferratum is an international company with headquarters in more than 20 countries that specializes in financing to individuals. Through this company, you can get between $ 1,000 and $ 5,000 pesos quickly and easily, which you can pay between 7 and 30 days.|
|Limits and deadlines||For all customers who use Ferratum for the first time, the maximum that can be obtained in terms of amounts and terms is $ 5,000 pesos and 30 days, respectively. However, by using the platform frequently, you can increase this limit to $ 10,000 pesos and 45 days.|
|Acceptance times||The speed with which a loan can be obtained at Ferratum is related to compliance with the applicant’s requirements. This company, as a rule, takes between 24 and 48 hours to answer an application. In case the answer is positive, the time for the amount to be in the account is maximum 2 hours.|
|CAT||All personal loans have a total annual cost that varies according to the amount and term chosen. In the case of Ferratum, the percentages range from 535% to 441%.|
|How to hire it||The process is done through the online platform, in which one can see all the information, ask questions or go directly to an application. When you have requested more than one loan, you only have to enter and adjust the amounts to send a new loan application.|
|Main requirements||Healthy credit history, be over 21 years of age, have the RFC and CURP handy, have a current account with interbank CLABE and a telephone number and email address.|
More and more companies are offering quick and easy loans in Mexico with success. Definitely, the market of Fintech and online financial products will not go anywhere, and by its characteristics, it is not at all a surprise that more and more users prefer them over traditional loans because they represent one of the faster and more efficient alternatives to obtain financing. The facilities in the application process, the flexibility of requirements, the immediacy and efficiency, are some of the characteristics that make them so attractive.
Thus, Mexico has begun to consolidate as an important market for Fintech companies. Due to the increasing number of companies that are successful and consolidate in the country. One of them is Ferratum Mexico.
Ferratum personal loans give people access to amounts ranging from $ 1,000 to $ 5,000 pesos with the opportunity to get larger amounts by paying on time and in full the loan taken. In total, you can get up to $ 10,000 pesos that must be paid in terms of 7 to 30 days, also having the possibility of extending it for a maximum of 30 more days.
In terms of financing costs, the total annual cost is not very high compared to other platforms, starting from 535% for a loan for the minimum amounts, that is, $ 1,000 pesos to 7 days, and decreasing to reach 441% when they request $ 5,000 pesos to be paid in 30 days. Of course, by varying according to the amount and the term, the recurring customers of Ferratum will have a lower CAT.
Online loans, by their nature, are extremely easy to apply for. While there are some that are easier than others due to better design and / or operation of your platform, all can be processed in just minutes and even using other devices than the computer. Ferratum is not the exception, because to request their products, they have described a process that consists of 5 simple steps:
When you submit a loan application, you will have an account created to which you can access to request new loans. If it is already your second loan, the process becomes faster and easier, since you only have to enter your telephone number and the PIN granted by Ferratum and select the amount and the terms.
In the application itself, you will be asked questions about your credit situation, which Ferratum indicates that you respond as follows:
Ferratum is not only committed to making it easy to apply for a loan, since the return is just as comfortable and simple, given that they have strategic alliances with organizations such as Oxxo and Banco Famsa, which they provide as a method of payment.
To make the payment in any of Oxxo stores in the country, the following procedure must be carried out:
If you want to pay through the Famsa Banks, you have two options at your disposal:
In the event that the person can not pay the loan on time, you will incur additional charges for late payment commission ($ 200.00 pesos), plus late interest charges (at a rate of 2% per day), and additionally by regulation we will have to report you as delinquent client to the Credit Information Companies of Mexico.
However, in the event of a situation that prevents timely payment, one can ask Ferratum for an extension of the loan, which can be 7, 14 or up to 30 days. To do so, you must access the corresponding tab on the platform within 3 days before the due date or up to 3 days after the due date of your loan. Ferratum makes it clear that one has up to 3 extensions per loan and that each one is subject to approval. Likewise, each extension will generate an additional commission to the total amount owed.
Like all lenders, Ferratum does not say yes to all requests, because they have to be consistent with their internal policies. For this to happen, the applicant has to comply with a series of requirements, which is detailed below:
Ferratum personal loans are loans clearly dedicated to financially healthy people who do not want to be committed to high amounts. Because of their ease of obtaining, they are perfect for anyone who wants to get out of trouble.
As indicated in the requirements section, Ferratum does check the credit history to verify that the person’s ability to pay is good. In case your rating is not the best, here at Bonsai Finance we have other options that do not require Bureau that could help with your situation.
Ferratum is a Mexican company that is part of the Finnish group Ferratum Group. Currently, they have a presence in 23 countries, with more than 2 million customers around the world and only in 2015, they arrived in Mexico, quickly becoming one of the favorites of the users.
The offer they make is of quick, easy access and confidential loans for their clients, providing a convenience that very few companies offer. Your services can be accessed online or from a mobile device, and a loan decision is made in a matter of minutes.
As an organization, Ferratum has a clear vision of the services it offers. Its executive director, Jorma Jokela, says: “We are motivated by our passion for innovation and we have a strategic growth plan”. That said, its goal is to remain the leading micro-lending company in the market. Their motto: ” More than money ” is the key to their business, with what they basically mean they are committed to their customers.
Accurate financial planning is something that every family or individual should have. However, the future is uncertain and at any moment, a problem could arise that changes everything. For this reason, one of the aspects that drew our attention to Ferratum’s personal loans is the fact that they have no quotas. When processing, the deadlines are in days, so if you ask for one of $ 2,000 pesos and in the fortnight you do not have much left to pay, you have no problem because you can go waiting and leave money aside in the next. Compared to other types of loans, if a fee approaches and you do not have money for an unforeseen event, you will already incur commissions that increase the cost of financing.
In addition to this, there are a number of factors that make this type of loans an extremely attractive product, such as the alliance established with the Swedish company Instantor, which guarantees speed and safety in these operations.