WARNING: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk

Who are Ferratum?

Ferratum is a trading name of Ferratum UK Limited. They offer short-term loans to UK residents who are employed. Ferratum UK Limited were founded in 2005.

How much can I borrow from them?

Ferratum offer loans between £50 to £700, subject to eligibility. Existing customers may be able to borrow more on subsequent applications.

How long can I take to repay a loan?

You’ve got between 62 days and four months to pay back your loan. They do not offer loans over a period of less than 62 days.

How do I apply for a loan with Ferratum?

All applications are made online, there is no phone number you can call to apply via telephone. You’ll need all the usual details: name, address, telephone number, and information to determine affordability (number of dependants, monthly outgoings, etc.)

Once you have filled in the online application, they will perform a credit check and advise you whether they are willing to offer you a loan or not. If you are tired of filling in application forms with lots of lenders, only to be rejected, try our service – we’ll search dozens of lenders in one application. Click here to apply now.

What requirements or criteria do I have to meet?

Ferratum require you to be over 18, be a UK resident and have some form of regular employment. You must also have a valid debit card that is linked to the bank account where the loan will be deposited, and an active mobile number. They do not accept people who have had CCJs against them in the last three years.

How long does it take to receive my loan from Ferratum?

They say that your loan could be in your bank account during the same day (typically 2 hours from Monday to Friday between 9am and 5pm. However, there may be some delays depending on who you hold your bank account with.

What are the interest rates and charges?

The amount of interest charged depends on your individual circumstances. There is no charge for applying, but if you get rejected you’ll have to find another lender. Or, you could apply with us, and we’ll check dozens of lenders for you in one application. Click here for more information.

What would monthly repayments look like?

A representative APR of 1270.0% on a £400 loan over four months (fixed 292.0% p.a) would cost you £665.48 in total. Month 1-4: £166.37.

Am I credit checked when I apply with Ferratum?

Yes. They will perform credit checks to determine eligibility.

What penalties or fees are there for late repayment?

There are no late or penalty fees!

Can I repay my loan early?

Yes you can. Repaying early does not come with any penalty, and will reduce the interest and therefore, the total amount repayable. Repaying early is a smart way to reduce the overall cost of a loan.

Are there any online reviews of Ferratum that I can read?

Yes! They have a Google Reviews score of 4.5 out of 5 as of September 2018.

What’s their FCA registration information.

Their parent company’s FCA Registration Number is 672537.

Why choose Loanline instead?

Loanline are broker and not a lender. Instead of filling in lots of application forms with multiple lenders, we ask you to fill in just one form with us, and we’ll help you find a lender that will lend to you, free of charge! Sound good? Head over to our application form and get started today!

How do I contact Ferratum?

For customer service, call 0151 601 8611, or email customercare@ferratum.co.uk.

Loanline UK Payday Loans

Find out if you can get the loan before you apply!

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Representative 546.1% APR. Representative example: £200 repaid over 3 monthly instalments of £134.76. Total charge for credit £404.27. Interest £204.27. Interest rate 546.1% (fixed) APR rates range from 45.3% APR to 1575% Max APR. Your APR rate will be based on your circumstances.

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IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERMS OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY.

Credit is available to person 18 years and offer. All loans are subject to status. A short-term, payday loan should be used for short-term financial needs only, not as a long-term financial solution. Never borrow an amount that cannot be repaid on your next pay period date. Missing repayments may have a negative effect on your credit rating and make it more difficult for you to obtain credit in the future.

The operator of this website is not a lender or short term loan provider and does not make loan or credit decisions. We are a credit broker, providing loan matching services and help connect consumers interested in obtaining short-term payday loans; installment loans; guarantor loans and secured loans in amounts between £100 and £3,000 with participating lenders or brokers in our network.

We do not charge you any fees to use our websites, services or products. Any commission received by us is paid by participating lenders or brokers if you choose one of their products or for referring you to them.

If you are matched with a participating lender or broker, you may be charged a fee directly by the participating lender or broker. Please be sure to read their terms and conditions before proceeding with any loan arrangement.

We work exclusively with a selected group of lenders and brokers to offer you a range of credit and loan products. We may receive a percentage of the loan amount as a commission from a loan provider or broker if you take out one of their products and/or we may receive a fee for introducing you to them.

You can request details of these commissions or fees, by emailing us. We will then provide you with the precise amount of the commission or fee or, where that amount is not known, the likely amount. Please note that the lender or broker we direct you to may not offer the cheapest loan that is available to meet your needs.