Rating based on 29 reviews


  • Payday loans up to $1,900
  • Low-interest starting from 48%
  • Repayment up to 6 months

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Author Ferratum. Screenshot of Ferratum website.
[Accessed May 3, 2023]

Ferratum – Fast payday loan pay-outs

Ferratum has been in operation since 2005 and they have over 10 years of experience in the personal loans space.

They would like to think they have met their client’s needs and are in fact continuing to do so with their loan options. They have helped over 10 000 customers and they still want to help more!

All year-round service

It is quite rare to find a credit advance enterprise that operates 24/7 and 365 days a year. Some may operate on a 24/7 basis but may close during holidays. Well, at Ferratum, they are available to assist you at any time of the day, week or month. The reason behind this notion is that they understand that unexpected things may happen and may require their immediate attention. That said, you might need a quick loan immediately. How are you going to get the cash if they are closed? Therefore, they have seen to it that they cater to their customers all year round.

Loan amount

Their payday loans range from $100 to $1900 and can be repaid over a period of 30 days to 6 months. Essentially, the faster you pay off your credit advance, the better. Although on the other hand, there is no problem if you pay your loan on your stipulated date, the problem will be when you skip your scheduled payment days and fail to alert them.

Payday loans up to $1,900

Clients can apply any time of the day since they are a 24/7 operating financial services provider. Further to that, the application form is user-friendly for any type of device.

The online loan application process is done on an online platform and they don’t require any paperwork nor do they perform any credit checks. The feedback is based on the application that was brought to their attention.

Cash payment

After the payday loan application has been successful, they will then process the payment and it will be directed to your bank account.

Spending your cash

Seeing that new employees can be loaned a maximum amount of $1900 and existing members can be loaned a maximum amount of $5000, there’s a lot of spending money that is available for both parties.

Loan repayment

Clients have a period of 30 days to 6 months to repay back a short-term loan. To make the payment process easier, set up a direct bank debit order so that the money is deducted straight from your account on the agreed-upon date.

Ferratum – Payday loan

  • Loan Type Payday loans
  • Interest Rate from 48%
  • Loan Amount up to $1,900
  • Repayment 30 days to 6 months

Benefits of Ferratum

  • Choose your loan amount
  • Apply online in 10 minutes
  • Loans are transferred in 24 hours

Payday loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This payday loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

Ferratum – They have many satisfied customers

After customers have repaid the loan, they are more than welcome to re-apply again for more money in the future.

Once the emergency loan that you currently owed has been cleared from their database, you can re-apply for a new credit advance plan with immediate effect and can get it right away if you meet all their requirements. Due to the fact that they don’t want their clients to be financially burdened, they only give them one loan at a time and nothing more.

Security is key

Any information that is submitted to them by their clients is safe and will never be used for other purposes than credit advance plans. They know how nerve-wracking it might be to trust them with your credentials, but they can assure their customers that all their information is in good hands.

Nonpayment of loan

Should you know that there may be a reasonable thought, to believe that you may not meet your monthly payments, you need to make them aware as soon as possible. If you alert them soon enough, they may be able to stop the payment and you will then pay them when you have the funds available in your account.

However, it is also important to realise that you will incur fees for late payments and this may not give them a good report on your repayment plans. It is better to be on the safe side and avoid taking up a loan if you are not sure you will be able to pay. The last thing you want is to be handed over to credit bureaus because you are failing to meet your financial deadlines.

Get your documents ready

Since they don’t perform credit checks, they require bank statements so they can see if the client qualifies for a bad credit loan with them. This is the only verification method they use to determine the loan amount they can give to the potential customer. They normally require bank statements for a period of 90 days. In the statements, they check your frequent expenses and other debts you may have.

They also require clients to submit to them their identification, copies as part of the loan application process. It could be your driver’s license or your identification document.

Criteria to apply

In order to apply for a payday loan, you should be above the age of 18 and earn a regular income. Clients should also be Australian citizens or permanent residents in Australia. They will also request your phone number and email address as a means of them reaching you.

man holding thumbs up

Ferratum is a trusted & reliable provider of payday loans

In our review, Ferratum adheres to the compliance criteria in accordance with the National Consumer Credit Protection Act 2009, where the granting the loan will not cause financial distress to the consumer.

✅ Ferratum is a registered credit provider in Australia: ACL 409512

Customer Reviews & Testimonials

Super quick to apply and as soon as your bank account has been checked you get approved couldn’t be happier.

Mark B
— Perth —

The staff is super friendly and they look after you, when I applied for my first loan they helped me get through and apply and even get my loan approved.

Storm H
— Sydney —

Thank you for the great service I recommend them to anyone.

Mary C
— Perth —

Ferratum Contact

Physical Address

Postal Address

  • 7/8 Welshpool Road, East Victoria Park, 6101, Australia

Opening Hours

  • Monday 05:00 – 23:00
  • Tuesday 05:00 – 23:00
  • Wednesday 05:00 – 23:00
  • Thursday 05:00 – 23:00
  • Friday 05:00 – 23:00
  • Saturday 09:00 – 17:00
  • Sunday 09:00 – 17:00