Ferratum Group specialises in mobile micro loans, offering a simple and quick solution for people looking for a short term loan or extra cash to tie them over until payday.
The mobile micro loans are unique because customers, once registered and approved, can apply for further loans via sms text message from their mobile phones. Especially with the rise in popularity of smart phones the process is becoming faster, simpler and more efficient.
The small mobile loans are special because registered and approved customers can apply for loans by simply sending a text message from their phone. Especially with the increase in popularity of smart phones the process is now quicker, easier and more efficient.
If payday loans are paid back promptly then they can be an effective solution before payday arrives. The good thing about short term loans is that they offer a useful solution to credit cards and expensive overdraft fines. The speedy nature of approval is also one of the main advantages of a payday loan over traditional bank loans as they can in most cases be applied for, approved and received on the same day.
They have a clear vision about Ferratum and the services they offer. Jorma Jokela, CEO and founder of Ferratum says: "We are driven by our passion for innovation and we have an ambitious growth strategy - our aim is to be the leading global microloan company by 2014. We believe that our products and services can benefit many customers in many countries".
Due to the short term nature of mobile micro loans, repayments will be limited depending on the length of time the loan was taken out for. The loan's APR is based on borrowing a virtual 100 for 30 days at an interest rate of 33%. Fees and charges would be 33 and the total repayable would be 133. This is based on a representative APR of 3113% Ferratum are different from other payday loan companies because they ask for a credit check before a loan can be taken out, in order to make sure customers are not sent further in to debt without a means to pay the loan back.
The mobile micro loans are unique because customers, once registered and approved, can apply for further loans via sms text message from their mobile phones. Especially with the rise in popularity of smart phones the process is becoming faster, simpler and more efficient.
The small mobile loans are special because registered and approved customers can apply for loans by simply sending a text message from their phone. Especially with the increase in popularity of smart phones the process is now quicker, easier and more efficient.
If payday loans are paid back promptly then they can be an effective solution before payday arrives. The good thing about short term loans is that they offer a useful solution to credit cards and expensive overdraft fines. The speedy nature of approval is also one of the main advantages of a payday loan over traditional bank loans as they can in most cases be applied for, approved and received on the same day.
They have a clear vision about Ferratum and the services they offer. Jorma Jokela, CEO and founder of Ferratum says: "We are driven by our passion for innovation and we have an ambitious growth strategy - our aim is to be the leading global microloan company by 2014. We believe that our products and services can benefit many customers in many countries".
Due to the short term nature of mobile micro loans, repayments will be limited depending on the length of time the loan was taken out for. The loan's APR is based on borrowing a virtual 100 for 30 days at an interest rate of 33%. Fees and charges would be 33 and the total repayable would be 133. This is based on a representative APR of 3113% Ferratum are different from other payday loan companies because they ask for a credit check before a loan can be taken out, in order to make sure customers are not sent further in to debt without a means to pay the loan back.
About the Author:
Sascha Bonomally writes on behalf of ferratum group who specialise in Payday Loans and Mobile Micro Loans
