Although they are similar to SMS loans or SMSlan as Norwegians call them, they do not violate the guidelines of the authorities. Banks that provide this type of credit will lend a small amount of money. Banks that do this include Ferratum Bank, which offers up to NOK 30,000, and Folkia, which offers up to NOK 20,000.
The maximum repayment period for mobile credit is 12 belgium business fax list . While their interest rates are not as high as SMS credits, they are just as high. Therefore, anyone who borrows money using the platform will receive payment notifications. If you borrow more and choose a shorter repayment term, you can get a lower interest rate.
In this case, it can be said that the total cost of the loan is fair. The reason why the interest rate is so high is that these lenders calculate the interest rate every year. This applies even if you will repay the loan in one or two months.
The maximum repayment period for
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