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

 

      ✔ Ready to apply