Rating based on 29 reviews


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

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Ferratum homepage
Author Ferratum. Screenshot of Ferratum website.
[Accessed May 2, 2023]

Ferratum - A stress-free loan process

Their vision is to become and remain Australia’s best mobile lender by providing citizens with quick cash when they need it through their online portal 24 hours a day.

They pride themselves on service excellence and their customer service is a cut above the rest. Their loan products completely hassle free and they aim to process your application as fast as possible and provide you with the loan you need when you need it.

They have a passion for innovation

Jorma Jokela is their CEO and the founder of the Ferratum Group he is committed to the passion for innovation and aims to have an ambitious growth strategy that benefits their clients. Their professional and ethical conduct has gained them many satisfied clients and given them a great reputation as one of Australia’s leading lenders. No matter how much you need to borrow ranging from $100 to $1,900 over the term of 30 days they will be able to assist you.

They are different to traditional lenders such as banks because they treat you as a person to them you are not just a stream of data and they take your personal circumstances into account when determining the outcome of your short-term loan application.

Effective financial solutions

The name Ferratum is as unique as the company and stems from a reminder of their Northern European heritage and their deep roots.

The name refers to the values of hard work which they carry through to every aspect of the process from service excellence to excellent response times and problem-solving.

Short-term loans

If you have ever had a financial emergency or you need a cash injection at the end of the month or you are short on money to pay your bills you will know what a terrible feeling that is and how stressful the situation can be. When you need money in a hurry a short-term loan could be the solution that you are looking for to help you in your time of need.

A short-term loan is perfect for when you only need a little cash and a personal loan is not necessary. Their short-term loans allow you to borrow up to $1000 until your next payday. Credit card fees will cost you much more than if you take a short-term personal loan to cover the shortfall and you will be less likely to be caught in the vicious debt cycle that is so easy to fall into.

Ferratum – Short-term loan

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

Benefits of Ferratum

  • Choose between loan terms
  • Get fast loan response
  • Conveniently apply online

Short-term loan calculator

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

Ferratum - Their loans are 100% online

Ferratum offers loans through their completely 100% online loan application process, there is no paperwork and the application process only takes a few minutes to complete.

The fully automated system will calculate your level of affordability as well as your repayment options and frequency. If you agree to the loan agreement, then simply sign the contract online and the funds will be transferred directly into your bank account. There are no confusing contracts and they believe in being 100% transparent by not hiding any fees or charges so that there are no nasty surprises later on.

To get the cash you need you is simple by just following these easy steps:

  1. Apply for your loan online (this can be done for anywhere that you have an internet connection 24 hours a day. The entire application process will only take a few minutes.
  2. They will process your loan application – short-term loans don’t require a credit check. You will be given an outcome within a few minutes and the entire process can be completed online
  3. Get your money – once your payday loan application has been approved, they will pay the money directly into your bank account and set up a direct debit so that you don’t need to stress about ever missing a payment.
  4. Spend your cash on anything that you like – there are no conditions on what you are allowed to spend your money on. Choose between the terms of 30 days to 6 months and take advantage of their excellent customer support service.
  5. If you are an existing client you can easily re-apply online and you may qualify to borrow more. You will be given a unique pin that allows you to apply using this unique code in the future.

How much will the loan cost? 

Their short-term loans range from $100 to $1900 that need to be paid back in full by your next payday (usually 30 days) There is a cost of a 20% establishment fee and you will be charged 4% per month as an account keeping fee for your loan.

Collection fees

In the event that you default on payment or you need to reschedule your repayment structure the following fees will apply:

  • Dishonored payment fee = $38.50 per instance
  • Missed payment fee = $438.50 once off
  • Collection transfer = $47.00 once off
  • Default notice letter = $10.00
  • Debt management fee = $50.00 once off
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Ferratum is a trusted & reliable provider of short-term 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

Fast 100% online application process.

Dylan G
— Adelaide —

Great company, their interest rates are very low.

Ali H
— Bundaberg —

Friendly and patient stuff.

Chase K
— Brisbane —

Ferratum Contact

Physical Address

Opening Hours

  • Monday 05:00 – 11:00
  • Tuesday 05:00 – 11:00
  • Wednesday 05:00 – 11:00
  • Thursday 05:00 – 11:00
  • Friday 05:00 – 11:00
  • Saturday 09:00 – 17:00
  • Sunday 09:00 – 17:00