Getting approved
Getting approved.
Who qualifies to borrow money from Ferratum?
Ferratum Money is committed to simplicity, transparency, and affordability. We're happy to expose the inner workings of the lending world because you deserve to know what goes into our decision.
Your employment
You are actively working, receiving a net income of $2,000 per month or greater.
3
months
Your credit
We will check your file with the credit bureau when you apply.
600
and up
Your payment history
You have no late, overdraft, or insufficient funds fees.
90
days
Your financial health
You do not have a bankruptcy on your credit file.
7
years
Your debt-to-income ratio
Your debt-to-income ratio (DTI) compares how much you owe each month to how much you earn.
40%
or less