A credit limit is a type of credit that works similarly to bank credit cards. The credit company evaluates the customer’s repayment options and sets the maximum credit limit for the customer. This amount can be used and refunded in installments.
How to apply for Credit Limit?
It is necessary to select the first loan amount to be deducted from the granted maximum Credit Limit amount. If the client applies for the first time, the maximum Credit limit is up to 800 EUR. It is necessary to fill in the application form with all required fields. All of this information is required for the credit company to assess the customer’s solvency and grant the
If a loan amount is selected that exceeds the maximum available Credit Limit available to the customer, the credit company will notify you personally. Remember that the maximum Credit Limit amount can be withdrawn once or several times. If the client has not withdrawn the maximum Credit Limit amount granted, it will be possible to borrow again using his client profile. All user data will be sent to the email address specified in the application. More information is available on the FerratumBank website.
It has been previously reported that Ferratum Group is an international microcredit company operating in Latvia offering borrowed money on the Internet. Fast loans up to 400 EUR, repayment term up to 45 days, Credit limit 1200 EUR, PlusLoan up to 1500 EUR with repayment term up to 12 months.
Naura Card service
It is offered to Latvian residents by “Hedge Capital Company”, which first registered its activity in the Register of Enterprises of the Republic of Latvia only 2 years ago – in February 2016, under no. 40103968692. However, it is worth noting the fact that SIA started its operations with a large scale, paying and registering share capital of EUR 425000, which is almost half a million and one of the highest registered share capital. According to company data available from Lursoft, in its first year of operation SIA Hedge Capital Company ranked 65,465 in net turnover among other companies. The company in Latvia is represented by only one official.