By Lori Bosworth
[Sponsored Post: This post is sponsored by Ferratum Canada.]
It’s back-to-school season and for many parents, that means finding the money to make large expenditures on new clothes for the kids, including jeans, sweaters, running shoes, winter boots, and winter coats, and perhaps new expensive hockey equipment for their kids to play in the local hockey league or equipment for other extracurricular activities. Many kids even have their own tablets and cell phones purchased by their parents. Does this sound familiar? Even if you don’t need some fast cash for kids going back-to-school, life has its way of surprising us with unexpected events. Maybe you have a chipped tooth that requires immediate dental work or the house you’ve been renting has just been sold and you need short term loans for first and last month’s rent and moving expenses. What if your mechanic tells you your car needs new brakes! We’ve all had that happen! Luckily, Ferratum Canada has your back. Ferratum is a mobile bank that has just expanded into Canada with offices in Ontario, Alberta and British Columbia. Ferratum provides you with fast loans to deal with the financial pressures in your life.
You may have been a long-term customer of a traditional bank, but often when it’s time to apply for a cash loan, your bank turns you down for one reason or another. This is where Ferratum Canada steps in. Getting quick loans is so much easier at Ferratum than filling out all of the paperwork at your regular bricks-and-mortar bank.
Ferratum Canada makes it easy to get an online loan since it is a mobile bank offering quick loans. You just have to complete these steps:
- Fill out your information online and select your loan amount from $100 to $1,000;
- Your application will be reviewed by Ferratum’s intelligent scoring system within minutes;
- If approved, Ferratum will deposit your funds into your bank account within 24 hours.
Ferratum Canada is upfront about the fees they charge: On every $100 borrowed, Ferratum charges $18. So for a $300 loan taken out for 62 days, it will cost you $54, with your full repayment being $354. Ferratum’s online loans can be repaid up to 62 days, which means you won’t have long-term debt lingering over your head.
Ferratum Lending has its roots in Finland and has proved its business model by expanding worldwide to 23 countries.
So, the next time you have a personal or home emergency – perhaps you need a new furnace this winter? – spare the headache of going to a traditional bank and consider Ferratum Canada for mobile bank loans.
Like Ferratum Lending on Facebook and check out their ongoing contest called #FerratumFridays where they give away a $100 gift card each week.