Ferratum provides microloans to Australians online and has a quick approval process for those who need cash fast for financial emergencies. With loan amounts from $500 to $1,900, Ferratum provides options to suit a variety of needs. Localised customer service and fast direct deposits make Ferratum a loan provider to potentially consider.
- No credit checks
- Borrow up to $1,900
- Bad credit borrowers OK
100% confidential application
Ferratum Cash Loans
Ferratum offers no credit check payday loans with a fast and easy online application. Apply today to get approved.
- Loan amount: $1,900
- Loan term: up to 12 months
- Turnaround time: Same day - conditions apply
- Fees: 20% of borrowed amount + 4% of borrowed amount each month
- Must be 18+
- Must not be receiving benefits
- Confidential and secure!
No Credit Check Loans offered from Ferratum
Updated January 28th, 2020
Ferratum group was launched in 2005, as part of a European microloan group and has since broadened its network to Australia. Over 200 professional assist customers to borrow emergency funds when necessary
Ferratum provides microloans as short term cash loans intended to cover unexpected bills or expenses. In Australia, these are also referred to as cash advance or payday loans and can be helpful for people experiencing financial emergencies in circumstances where their options are limited. These loans are not intended to cover a regularly recurring bill. Instead, microloans can be used to finance travel funds or as emergency cash when people need fast money in emergency situations.
Features of a Ferratum personal loan
- Online approval.
Ferratum’s online application process is straightforward and offers an immediate response - Ferratum's process allows customers to find out their eligibility for a microloan instantly.
- Local customer service team.
Unlike some companies that outsource their help, Ferratum offers in-house, local support. Also, if customers need to talk to someone about their loan on the phone, they can call the local support hotline within working hours.
- No credit checks.
Ferratum doesn’t investigate their customers' past credit before it approves or denies their loan. The company only uses their current loan situation and bank status to make an assessment.
How to apply for a short term personal loan from Ferratum
Customers who wish to apply for a Ferratum loan can click "Go to Site" to start their application. First, they should make sure that they meet the following criteria:
- Over the age of 18
- Earn a regular income
- Australian citizen or permanent resident
Loan applicants can fill in their personal details on the online application form along with their bank information. The form is quick and easy to complete, they'll need to complete their personal details, along with their loan term and loan amount.
If approved, Ferratum will notify customers via SMS. Successful applicants can agree to the contract by replying with "yes". They will then be contacted for more information about their bank details and payment slips. Those can be supplied to Ferratum by fax or email.
Depending on each customer's individual bank, the funds could be in their account the same day.