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Ferratum

More about this Company

Ferratum is all about people and being at the forefront of the mobile revolution in banking. We offer customers a fast, easy to use highway to mobile lending and banking services.

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Basic Lending Information

  • FCA License Number 672537
  • Lender is a Member of a Trade Association Yes
  • Short Term Lender Yes
  • Instalment Lender No
  • Continuous Payment Authority Yes
  • Credit Checks Yes
  • Same Day Transfer Available Yes
  • Loan Length 7 Day to 37 Day
  • Online Account Management Yes
  • Representative Example Installment
  • Representative Example Short Term Amount of credit £300 for 37 days. Interest £88.80. Interest rate 292% p.a. (fixed). Representative 1190% APR. Total amount repayable by one repayment of £388.80.

Ferratum Review

Ferratum, with 20 branches world wide

The Ferratum Group, who have served over 1.5 million customers worldwide, offer loans to first time customers of between £50 – £300. Their application form is quick and you can have your money in your account on the same day.

If you do not have a good credit file, then do not apply to Ferratum. They will not accept anybody who does not have good credit and a search footprint may end up on your credit file.

Money can be in your bank 7 days a week with Ferratum, but sometimes applications will need further checks and if this is the case, then you may have to wait until the next working day.