Ferratum Payday Loans

Ferratum’s application process is fast and automated, with terms from 3 to 12 months. High fees and charges apply.

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Ferratum offers short term or payday loans from $500 to $1,900, with repayment terms of 3 to 12 months. The applications are online and are entirely automated. Ferratum will ask you a few questions, and respond to your application quickly. Ferratum charges a 20% of borrowed amount + 4% of borrowed amount each month. Payday loans are not a long-term financial solution and should only be used in case of an emergency.

Ferratum Cash Loans

Ferratum Cash Loans

  • Borrow up to $1,900
  • Bad credit borrowers OK
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100% confidential application

Ferratum Cash Loans

Ferratum offer payday loans with a fast and easy online application. Apply today to get approved.

  • Loan amount: $1,900
  • Loan term: 3 to 12 months
  • Turnaround time: Same day - conditions apply
  • Fees: 20% of borrowed amount + 4% of borrowed amount each month
  • Must be 18+
  • Confidential and secure!
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Are you struggling financially?

If you're struggling financially and would like to speak to someone for free financial advice, information and assistance you can call the Financial Counsellors hotline on 1800 007 007 (open from 9:30am to 4pm, Monday to Friday). If you are suffering financial problems related to the coronavirus pandemic you may be eligible for additional support.

⚠️ Warning about Borrowing

payday-warningDo you really need a loan today?*

It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.

Check your options before you borrow:

  • For information about other options for managing bills and debts, ring 1800 007 007 from anywhere in Australia to talk to a free and independent financial counsellor
  • Talk to your electricity, gas, phone or water provider to see if you can work out a payment plan
  • If you are on government benefits, ask if you can receive an advance from Centrelink: Phone: 13 17 94

The Government's MoneySmart website shows you how small amount loans work and suggests other options that may help you.

* This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.

Loans offered from Ferratum

Name Product Maximum loan amount Term of Loan Turnaround time Arrears Fee Costs Fortnightly Repayment (for $1500 Loan)
Ferratum Cash Loans
3 to 12 months
Same day - conditions apply
20% of borrowed amount + 4% of borrowed amount each month
Borrow what you need with loans starting from $500 and approval in minutes.

Compare up to 4 providers

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 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.
    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.
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What are the risks of payday loans?

  • Unaffordable repayments. Payday loans are an expensive way to borrow money and should only be used as a last resort. Check the size of each repayment and ensure you will be able to pay it on time. Unaffordable repayments can lead to late fees that will only make things worse.
  • High rates and fees. Rates and fees on payday loans are high but there are rules in place so be sure to check your lender is not charging you more than ASIC allows. Also, look at what you would be charged if you are late on a payment or if you default on the loan altogether.
  • Unreputable lenders. All Australian lenders should be accredited by ASIC. Check for a credit licence on the ASIC Register and ensure that the lender is easily contactable.
  • Impact on credit score. Every loan application shows up on credit reports. While lenders might not consider credit history, applying for lots of loans within a short period can have a negative impact on your credit score in the future.

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.

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52 Responses

    Default Gravatar
    EstecydaDecember 29, 2017

    I need money I’m not working at the moment but will receive money end of January 2018.

      Avatarfinder Customer Care
      RenchJanuary 3, 2018Staff

      Hi Estecyda,

      Thanks for your inquiry.

      Ferratum is one of the lenders who consider unemployed applicants. If you think that Ferratum’s payday loan is right for you, you may click on the ‘Go to site’ button to submit an online application and check the eligibility criteria. Otherwise, you may refer to our list of loans for unemployed applicants to compare your options. Please click the name of your preferred lender to find out the details and the minimum eligibility. You may then click the green “Go to Site” button to submit your loan application online.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.

      Best regards,

    Default Gravatar
    MargAugust 18, 2017

    I just applied for a $1900 loan.
    When will I find out if this has been accepted, and if approved, when will the funds be paid?
    Thank you

      Avatarfinder Customer Care
      MayAugust 18, 2017Staff

      Hi Marg,

      Thank you for your inquiry.

      If you applied online and met the eligibility criteria, usually you would get an immediate response from Ferratum. Basically, their microloan is fast and easy if you apply online. I’d recommend that you phone Ferratum directly to check the status of your loan application if you haven’t received any response from them.

      Hope this helps.


    Default Gravatar
    SandraSeptember 19, 2016

    Hi,im unemployed and need a loan please.Im a single mother.I just need to buy for my children food and etc.Please is it possible if I loan R10.000 or any amount which you agree to offer me.

    Kindly thanking you

      Avatarfinder Customer Care
      ElizabethSeptember 19, 2016Staff

      Hi Sandra,

      Unfortunately Ferratum is an Australian lender and will only consider you for a loan if you currently reside in Australia. You may need to find a lender in South Africa to consider you for a loan or some form of financial assistance.

      I’m sorry I couldn’t be of more assistance,


    Default Gravatar
    Maidly-annAugust 19, 2016

    Halo i just want to know if you help unemployed people with loan because i need loan till payday

      Avatarfinder Customer Care
      ElizabethAugust 19, 2016Staff

      Hi Maidly-ann,

      Ferratum does consider unemployed applicants for loans. You just need to show that you have the capacity to repay the loan you’re applying for. To apply, you can click “Go to Site”.

      I hope this helps,


    Default Gravatar
    GuguAugust 7, 2016

    I need a loan of R2000 i wnt 2 do a licence so i can be hired at metro my problem i dnt hv a bank account it has been closed since i ws no more working so i wnt 2 knw cn i get a loan i can pay at any shop that u working with

      Avatarfinder Customer Care
      ElizabethAugust 8, 2016Staff

      Hi Gugu,

      Unfortunately the lenders on the page above only offer loans in Australian dollars and can only consider you’re currently residing in Australia.

      I’m sorry I couldn’t be of more assistance,


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