A fully digital, paperless online lending platform that allows customers (we call them Ferratum family members) to apply for their own Personal Loan of $2,000 to $10,000 from 12 months to 60 months.
Application is easy, and available 24/7 – so our customers will never have to step foot in a bank to get the funds they deserve. We use 300+ data points to identify ideal customers for our Financial Products, and quick 10 minute online application lets customers pick how much they need, and for how long. The best part is, the funds are deposited directly to your every day bank account in under 24 hours. We’re proud to say we have some of the fastest payout rates in the country.
Personal Loan lending criteria (the important stuff)
We have a few simple lending criteria we’d like to talk about, and we know you’ll be able to find our ideal candidates:
- A Canadian citizen living in Alberta, Ontario, or British Columbia
- Has their own Bank Account, Mobile Phone, and Email Address
- Be 21 years of age and up
- Actively employed
- Proof of monthly recurring income that does not come from disability insurance, employment insurance, or social assistance
- No previous bankruptcies or consumer proposals
- Has Fair to Good credit (we perform a credit check on all new applicants)