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What is the Interest Rate for the Ferratum Mastercard?

Article

Our Ferratum Mastercard comes with a variable annual nominal interest rate of 18.50%. The rate is calculated based on the interest rates act reference rate (currently 3.50%) plus a 15.00% margin.

Representative Example

  • Credit Amount: €1,500
  • Variable Annual Nominal Interest Rate: 18.50%
  • APR (Annual Percentage Rate): 20.15%
  • Repayment Terms: 12 equal monthly installments of €137.88
  • Credit Cost: €154.53
  • Total Amount Payable: €1,654.53
Title
What is the Interest Rate for the Ferratum Mastercard?
URL Name
What-is-the-interest-rate-for-the-Credit-Card
Summary
Publication Status
Published
Article Number
000002874
Article Record Type
FAQ_Wallet_App
Language
English
Owner
natalie.andersson
Created By
natalie.andersson, 3.2.2025 8.47
Created Date
3.2.2025 8.47
Last Modified By
Christopher Parnis, 3.2.2025 8.48
Last Modified Date
3.2.2025 8.48
Article Total View Count
1 600
Article Currency
EUR - Euro
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