Our vision is to become and remain Australia’s best mobile lender by providing citizens with quick cash when they need it through our online portal 24 hours a day.
We pride ourselves on service excellence and our customer service is a cut above the rest. Our loan products completely hassle free and we aim to process your application as fast as possible and provide you with the loan you need when you need it.
We have a passion for innovation
Jorma Jokela is our 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 our clients. Our professional and ethical conduct has gained us many satisfied clients and given us 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 we will be able to assist you.
We are different to traditional lenders such as banks because we treat you as a person to us you are not just a stream of data and we take your personal circumstances into account when determining the outcome of your short term loan application.
The name Ferratum is as unique as the company and stems from a reminder of our Northern European heritage and our deep roots.
The name refers to the values of hard work which we 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. Our 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 Product Details
- Loan Type Short-term loans
- Interest Rate from 48%
- Loan Amount up to $1,900
- Repayment 30 days to 6 months
Summary of Services
- Choose between loan terms
- Get fast loan response
- Conveniently apply online
Ferratum - Our loans are 100% online
Ferratum offers loans through our 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 we 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:
- 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.
- We 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
- Get your money – once your payday loan application has been approved, we 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.
- 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 our excellent customer support service.
- 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?
Our 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.
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
Customer Reviews & Testimonials
Fast 100% online application process.
— Adelaide —
Great company, their interest rates are very low.
— Bundaberg —
Friendly and patient stuff.
— Brisbane —
Ferratum Contact Details
- 7/8 Welshpool Rd East Victoria Park WA 6101 Australia
- Get Directions
- 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