Opinions and Details for Ferrari Money

Ferratum Money is an entity that is part of the Ferratum Bank group. He is a mobile financier that would be founded in 2005, having a presence in Europe, in South and North America, as well as in Asia (in the Pacific area).

It is the financier who is in charge of providing quick money to any client; In addition, they offer several lines of credit , so the user can choose what is best for them in each case.

Ferratum affirms that the main objective of the company is to offer a simple mobile solution that meets the expectations and needs that customers may present. In the Annual Report presented in 2016, they stated that they did not believe in the traditional way of functioning of banks. They believe in an innovative technology that is easy to use, that can be used anywhere in the world, and that is based on the pillars of the highest security.

We can verify that the company allows us to apply for loans 24 hours a day, 365 days a year .

Types of loans from Ferratum Money

There are two types of loans at Ferratum:

Micro lending of Ferratum Money

The micro – loan formula allows us to request a minimum amount of money of € 50, and a maximum of € 500 . The return period is a minimum of 5 days and a maximum of 30 days .

This resource is more thought for when we have been presented with some payment urgently and we can not wait: for example, in case we have to pay the bill for electricity or water before the threat of supply, in case we have received a very high telephone bill, to pay for the insurance of the car, an appliance that has broken down, the repair of the car, etc.

Ferratum Money credit line

If the previous formula has not given you enough money that you need to start that kind of project you have in mind, then you can use the “line of credit” that Ferratum puts at your disposal.

The minimum amount that can be ordered here will be € 200 , while the maximum amount will already reach € 100 . However, there are conditions regarding the time of return, and that is not a criterion that the applicant can freely choose. Based on the amount of money you want to request, a certain return period will be established.

For example, in the event that a sum of money of € 200 is requested, and a monthly payment of € 75, a minimum return of 3 months will be established (the maximum return period may never be greater than 26). months ).

The great advantage of this resource is that we can request the money at any time and return it without complications. This return period will depend on the amount that is being repaid month by month, as well as the amount withdrawn.

Advantages of choosing Ferratum Money

Get your loan quickly

In a short time it has established itself as the preferred company in comparison with the rest of banking entities, and the main reason for this is the ease and speed with which we can have the desired money.

And it is only required 2 minutes by the user to fill out a simple form, this is located on your website, in any of its credit lines.

At the same time, the response derived from the form will also be immediate. It will only take a time of 10 minutes to get the money, forgetting to have to deliver many papers, or having to be doing complicated paperwork.

Order the money regardless of the schedule

You can request the money from a mobile phone, or from your particular desktop computer; we just need the device to have access to the Internet.

But the truth is that it will not be necessary, since it allows us to send the request through an SMS with the mobile phone .

The advanced loan management system of Ferratum allows us to ask for money, even if we are not at home, or even need to be in the same country in which we live to do so.

Start by asking for a loan for free

With the aim of encouraging new customers, the entity offers us the possibility of requesting an initial credit for free, of a maximum amount of € 300 . And the best part is that we will not have to pay additional interest, commissions or any hidden expenses.

Minimum requirements

You just need to fulfill 6 simple requirements to access these credits; forget about needing an endorsement, or necessarily having a pension or payroll.

The most important requirement imposed by Ferratum is that you do not find yourself on a list of ASNEF defaulters.

Without explanation

Nor will they ask you to give explanations about what you intend to do with the money. A maximum application amount of € 1000 is established and you can set the return period that best suits your needs.

The main features of Ferratum Money

The main features of Ferratum Money

100% secure platform

At first we may find the fact that we have to give our personal data in an online manner a bit tricky. However, you should know that Ferratum strictly complies with the Data Protection Law (ie the LOPD).

It integrates a long series of security measures with which you can verify that, indeed, the user is who he claims to be, avoiding any type of external violation that could put our data in check .

Optimal customer service

In Ferratum they are also aware that sometimes things are complicated. If we need urgent money, if we do not want to give explanations, if we do not understand some step of the process, if we have any complaint, claim, or even suggestive, the team of the financial institution will be willing to listen to us.


In recent years, and especially this the moment in which the economic crisis in our country was detonated, there are many fast-credit companies that have appeared in the market. And the worst of all is that not all are reliable precisely.

The case of Ferratum is different; and is that, as we have said, would be founded no less than in 2005, so it already has a history of more than 13 years on their backs. During all this time he has dedicated himself to learning, he has analyzed what the client is looking for in each period and has transformed his own to achieve the maximum satisfaction through the hiring of them.

In addition, its founder, Jorma Jokela , was in charge of other important companies in the past, so the entity is well managed.


In 2016, Ferratum announced that it was expanding its lending business even further, responding to the new demands of the client to obtain an innovative, albeit alternative, loan.

It is safe to ask for a loan at Ferratum Money

It is safe to ask for a loan at Ferratum Money

According to the words of Jokela, its creator, We are motivated by our passion for innovation and we have a strategic growth plan , we deduce that it is not a company that stagnates in the past, but that it evolves continuously with each passing year. Taking into account this factor, its long history, and its economic strength, we conclude that it is safe to ask for a loan at Ferratum .

But, of course, it will be necessary to analyze beforehand whether it suits us or not, and for that we have no choice but to review the contract with all kinds of details. If the commissions were high, if the return period was short, or if there was any other data that did not finish convincing us, either we will proceed to vary the criteria, or we will opt for another fast credit company.

Ferratum Money requirements

Ferratum Money requirements

As we have already commented, one of the basic characteristics of Ferratum Money is that they are free of guarantee; In other words, it will not be necessary to have an endorsement to approve the loan. They can also be obtained without payroll or pension, or without having to do a lot of paperwork. The mandatory requirements of Ferratum are the following:

  • Age: Must have a minimum age of 25 years, and a maximum age of 70 years.
  • Identification document: It will be required to present the identification document, such as the DNI or NIE.
  • Bank account: You must also indicate the bank account number; This will be done both to verify that the owner is who he claims to be, and at the same time to receive the money directly if at the end the request is positive.
  • Email: We need a valid email address (it is required to activate the account).
  • Mobile phone number: On the mobile phone you will receive a PIN code, via SMS, that we can use to access the system. Thanks to this fast recognition system, you will not have to submit to long and tedious identification systems every time you want to access the platform in question.
  • Registry of defaulters: The entity will deny the credit automatically in the event that the applicant is registered in some database of defaulters (for example, in the RAI or in the ASNEF).

In general, if we comply with these requirements we can access the loan in question without problems … although it is possible that there are some additional requirements that must be met.

Customer service and online banking of Ferratum Bank

Ferratum Bank allows us to connect with its advanced customer service through the telephone 91 267 02 60 (general information), or 935 227 629 (recoveries). We also have available the mail atenalcliente@ferratum.es , even to have a presence on social networks Facebook, Twitter, G + and YouTube , from which we can express complaints or request information

The great advantage of this online credit company is that we can manage the entire process through the Internet, without needing to go to a physical branch, or have to be calling by phone.

At the time of requesting a credit, the system will ask us to register: in addition to our basic personal data, we will have to make sure that we have correctly entered the telephone number; and that is that this number will send us an SMS with the PIN code , with which we will have access to the Personal Area of the client.

Through this area we can request the money, check how much time we have left to return it, request an extension, as well as other functions of interest to the client.

We also have the possibility to download your specialized app, with which we will control the same as in your online platform, but with the advantage that we will do it with your mobile. It is available for Android and for iOS .

Interest rates on loans and line of credit Ferratum

  • Microcredit: The APR of this type of loan is very variable, since it will depend on the amount of money that is requested, as well as the time of return.

For example, if € 575 were requested within a 45-day return period, with an associated APR of 1309% , the total return would be 796.71% , which indicates that the total cost of the loan will have been € 221,731 .

  • Line of credit: The APR is variable, but a maximum percentage of 381.34% is established .

You can see better with this example: in case you want to request a line of credit of € 1000 (that is, the maximum amount), with an APR of 258.02% , and with a minimum monthly payment of € 293.33, within a 1-year repayment period, the total amount of the loan that will have to be repaid will be € 1677.50 , for which the amount of € 677.50 will have to be paid as interest.

How to apply for the online loans of Ferratum Money

The good news is that we can apply for Ferratum online loans by just 3 simple steps. Even if you have never asked for a loan in this way, you will see how you do not delay in getting the system working:

  • Amount of money and term of return: The first thing that the system will ask you is to enter the amount of money you want to ask, in addition to the return period in which you will commit to return it.

If you are a new client, the maximum amount to request will be € 300 , and the return period of 30 days.

If you are a regular customer (this means that you have ever asked for the loan and you have returned it without problems), you can access a maximum amount of € 1000 , with a return time of up to 45 days .

  • Fill in your data: If you are satisfied with the conditions offered by Ferratum , the next step is to enter your personal information in a form. This process will serve the system to verify your identity, and for this it will not be necessary nor that we send personal documents, nor any type of paper. You must know what, how advanced verification system, the system will ask you to connect with your bank. It is a 100% secure process, which even operates under the https protocol, so we will have nothing to fear.
  • Concession of money: If all the above has gone well, you will have the money in your account in record time. Now we will just have to make sure that we can return it in time to avoid problems.

Once we have registered, we also have the option of requesting loans through SMS; all you have to do is send a message to the number 600124 810 , with the amount of money you want to ask (expressed in numerical form) and followed by the return time, and your PIN code.

This would be an example: 200 30 PIN.

Loan simulator Ferratum Money

To choose the loan that best suits us, the platform has an advanced loan simulator , which will require that we only enter the amount of money, the return period, and that we weigh the interest to determine if it suits us.

How to return personal loans from Ferratum

How to return personal loans from Ferratum

There are three ways to repay Ferratum loans:

  • Through the portal: We enter the portal, we look for the loan and click on “pay”, and then on “instant payment”.
  • Through your card: We can also pay the credit with the card, without commissions, although for this we will have to talk personally with the entity.
  • With bank transfer.