Initially, the Ferratum Money personal loan is a great option for anyone looking for money to pay off a debt or open a business. So, find out about the Ferratum Money personal loan and other information to help you when choosing a personal loan!

In this loan, interest rates are variable and installments range from 2 to 12 months! So, continue reading to learn a little more about this service offered by Ferratum!

Well, this loan works as a fast, safe and digital 100% credit modality. In other words, the entire procedure for requesting the loan, from simulation to contracting, can be done through the institution's website!

So, just have personal documents such as ID, CPF, proof of residence and income for no more than 60 days to make the request.

In this loan, the amounts available range from R$200.00 to R$3,000.00, as well as installments ranging from 2 to 12 months. In other words, it is basically a short period of time to pay off all the installments.

Furthermore, the amounts of the installments cannot exceed a third of your income, because, if this occurs, your request may be denied!

Initially, the first advantage of this loan is that if the credit is approved, it is immediately released into your checking account.

Furthermore, there are no additional fees other than interest rates and IOF, meaning it is a great loan opportunity without exorbitant fees.

Another advantage is the credit limit. This is because Ferratum allows you to get your credit little by little, without the need to get it all at once. Too much, right?

So, the first disadvantage is that the interest rates on this loan are usually high. This is because they are around 12.9% per month, considered the highest on the market!

Furthermore, the credit limit is low, meaning it becomes a problem and you end up generating new expenses instead of paying off old ones.

Another disadvantage is the few months it takes to pay the installments, with a minimum of 2 months and a maximum of 12 months (one year). In other words, if you don't know if you will be able to pay or are sure you won't be able to pay, don't start the request process.

Therefore, before opting for this loan, analyze your finances to see if you will be able to pay off the loan in such a short time and with such high interest rates!

So, based on our research, it is worth taking out this personal loan, as it is a great solution for people who are looking for quick money and want to pay it off quickly! This is because the deadline to pay off this loan is very short!

Furthermore, it is a process that brings comfort and security, as it can be done completely digitally, without having to go to a bank branch! To do this, just enter the website and follow all the steps to proceed with the request!

Therefore, make an estimate of all the advantages that this loan can bring you, as well as whether you have a financial organization that allows you to pay it off in a short term and with interest rates that were previously considered high!

So, to take out this loan, just go to the official website and complete the loan application procedure and that's it! Just wait for the institution's credit analysis!

Therefore, when choosing to apply for a Ferratum personal loan, you must have all the necessary documents with you and have a smartphone at hand! So, now that you know how everything works, let's show you how you can access it!