Ferratum
Ferratum offers one of the most popular SMS loans on the market, known for its accessibility and quick payouts. Ferratum is particularly well-suited for borrowers who need financial help quickly without undergoing a credit check with UC.Simple and Fast Application Process
Applying for a loan with Ferratum is a smooth process where you fill in your details online. After submitting your application, you usually receive instant feedback on the screen. Loan applications can be processed automatically around the clock, which means you can quickly find out if your loan has been approved or not. If manual processing is required, the decision is normally made duringLoan terms
Loan amount: 1000 - 45000 kr
Duration: 4 - 46 months
Interest: 43.99% - 43.99%
Eff. interest: 54.05% - 54.05%
Age: 21 - 70 years
First loan free: No
Payment remarks accepted: Yes
Setup fee: 0 kr
Administration fee: 0 kr
Invoicing fee: 0 kr
Direct payment: Yes
Weekend payment: Yes
Revolving credit: Yes
Minimum required annual income: 24000 kr
Representative example
Utilized credit of 25,000 SEK for 12 months, total amount to repay 30,958.33 SEK (average 2,580 SEK per month). Effective annual interest rate: 54.05%. Credit account with a variable nominal annual interest rate of 43.9999835%. Other fees: Setup fee 0 SEK.
This is a high-cost credit. If you cannot repay the entire debt, you risk a negative credit record. For support, contact your municipality’s debt advice.
Ferratum interest rates and fees
Here is how Ferratum compares with other lenders in the comparison.
interest rates
fees
This comparison was made with långivare med en maximal effektiv ränta under 2000%.
The lenders compared with Ferratum had interest rates from 2.95% to 44% and effective interest rates from 4.04% to 983.6% and setup fees from 0 kr to 995 kr, administration fees from 0 kr to 375 kr, invoicing fees from 0 kr to 60 kr, and total fees from 0 kr to 1024 kr.