Ferratum Flexible Credit
Flexible credit helps you finance small and large purchases as well as unexpected everyday expenses!
Loan example: €4,000, withdrawn at once. Loan interest rate 17.50% (current interest rate 2.50% + 15% nominal interest). Total loan costs €523.17, including a €12 monthly account management fee, the estimated total amount of the example loan is €1,000. €4,523.17, assuming that the credit is repaid over a 12-month payment period as follows: 1. €403.67, 2. €398.81, 3. €393.94, 4. €389.08, 5. €384.22, 6. €379.36, 7. €374.50, 8. €369.64, 9. €364.78, 10. €359.92, 11. €355.06, 12. €350.19. Actual annual interest rate: 26.72%, the above is an example calculation based on the assumptions valid at the time of the calculation and on the customer following the above payment plan.
*Bank of Finland reference interest rate: Bank of Finland reference interest rate table . If the reference interest rate and thus the value of the loan interest rate increase, the total amount to be paid by the borrower may also increase significantly.
Why choose Ferratum as your everyday loan partner?
A flexible buffer whenever you need it
Apply for a Ferratum flexible loan or credit card to balance everyday expenses and larger purchases – draw down only as much credit as you need, when you need it.
Fully digital, quick to use
Apply online and receive a decision once we have assessed your ability to pay – your digital credit card can be ready to use in minutes, and you can transfer money from your credit to your account instantly with the instant transfer feature.
Clear terms, responsible and safe
Transparent loan pricing, and your savings are protected up to 100,000 euros under deposit protection – giving you more peace of mind.
All your money in one free app
Manage your banking and savings in one place with the free mobile app – and keep your digital Mastercard® credit card on your phone.
Apply easily online!
01.
Use the loan calculator to choose a loan amount that suits your finances and familiarize yourself with the loan terms.
02.
Fill out the loan application. You will need your online banking credentials to identify yourself.
03.
We verify the applicant's ability to pay and issue a loan decision.
What is flexible credit?
Ferratum flexible credit is an easy-to-use financial assistant in everyday life. Flexible credit is available to you continuously once you have applied for and received a positive loan decision from Ferratum for the credit in question.
Your basic budget for everyday life may be in order, but unexpected expenses can quickly throw it out of balance if you don't have a contingency plan. No matter how much we try to prepare for everything, everyday life always seems to have unexpected expenses at some point. Flexible credit creates security for everyday life when unexpected expenses and larger everyday purchases can be paid for, and the economy doesn't experience such a big shock from small dips.
At its best, flexible credit serves as a financial support for everyday life, a help in case of a bad day. As a responsible lender, we want to ensure that your payment capacity is not exceeded. When granting a loan, we assess the adequacy of your income and ensure that the income remaining is sufficient for living expenses and the repayment of loans and bills.
Ferratum flexible credit is a flexible everyday loan
You can easily manage your Ferratum flexible loan online, wherever and whenever you want. All flexible loan recipients automatically receive a €4,000 limit and can withdraw the loan up to the limit as needed without a new application. The upper limit for the first withdrawal is €4,000, but you can withdraw less credit if you wish. You can also pay off the entire flexible loan faster than the agreed payment schedule if your ability to pay changes.
Ferratum flexible credit is valid even if you have paid off the entire loan. This means that you can borrow up to the maximum credit limit again if you need additional financing for everyday life. Flexible credit also creates room for maneuver in planning your own finances. Sometimes the need for a loan exceeds the consumer credit limit. At Ferratum, we help you find loan solutions that are right for your situation.
A handy everyday financial buffer for unexpected expenses
Ferratum flexible credit is suitable for many purposes, such as financing unexpected everyday expenses, larger everyday purchases, and as financial security in case of a bad day. Our customers have used flexible credit for the following purposes, for example:
- unexpected car maintenance or spare parts
- home surface renovations
- Purchasing a phone, washing machine or other home appliance to replace a broken one
- financial buffer for a rainy day
- payment of bills when monthly expenses are higher than usual
- unexpected expenses that have not been planned for
The amount of the flexible loan is calculated to suit your situation, so that after the loan repayment there is enough money left for other everyday expenses. The interest rate on the loan is personal, determined based on the applicant's personal information.
Who can apply for flexible credit?
You can apply for a Ferratum flexible loan if the following conditions are met.
- you have no payment problems
- you are at least 22 years old
- you have a permanent address in Finland
- you have a regular income
The flexible loan application is easy to fill out. A payment schedule is agreed upon when the loan is granted, but you can also repay the loan in a larger installment at once without any costs.