Process of Conclusion of the Credit Agreement. 3.1. In order to receive Credit, you must have a valid Credit Agreement.
3.2. To enter into the Credit Agreement, you must visit the Website and complete and submit an application. You may submit an application if you are resident in Sweden and are at least 21 years old. You may request Ferratum to provide copies of the draft Credit Agreement, and all documents forming an integral part thereof, free of charge, prior to entering into such agreement unless Ferratum has decided not to enter into a Credit Agreement with you. Before conclusion of the Credit Agreement, you shall read the draft Credit Agreement which shall be made available to you.
3.3. Conclusion of the Credit Agreement does not constitute an approval of any individual Credit request, i.e. to receive Credit, you must first submit a Credit request. A Credit request may be submitted together with an application to enter into a Credit Agreement. Further details are provided in clause 5 of these Standard Terms below.
3.4. By submitting a request to enter into a Credit Agreement with Ferratum, you acknowledge, confirm, warrant and undertake that :
3.4.1 You have provided true, correct and complete information to Ferratum and that you will inform Xxxxxxxx as soon as possible and in no case later than within one working day whenever there is a change to such information or in the event that you notice that any information submitted was erroneous or otherwise untrue, incorrect or incomplete;
3.4.2 You have an operational email address and mobile phone number;
3.4.3 the bank account and ancillary details (if such details have been provided) provided to Ferratum are true and correct and refer to a bank account held in your name with a bank established in Sweden and/or in another Member State of the European Union. You understand that any Credit disbursements and repayments shall be made through an account held in your name. You undertake to immediately inform Xxxxxxxx about any changes to the bank account details provided. You acknowledge and accept that in case of change in personal bank account details you may be requested to verify such details in the manner required by Ferratum;
3.4.4 you have read the Credit Agreement before you became bound by it and understand its contents and agree with the provisions therein.
3.4.5 you were provided with the Credit Agreement in a durable medium;
3.4.6 you were provided with adequate explanations on the Credit Agreement, the essential characteristics of the Credit...
