Ferratum Loans Review - Best Companies

Have you ever found yourself worrying about piling bank statements, having a good and regular income, or even the issue of late repayment? Problems like this wouldn’t be so difficult when you can just quickly and easily get a cash advance with a snap of your fingers.

Best UK Loan Companies

But usually, when it comes to money problems, banks and lenders perform credit checks in order to check your eligibility criteria before they can suggest a loan term or allow you to avail of products with longer term loans. In this Ferratum Loans Review, our suggestions play to the interest of the customers. We will divulge what you need to know about the credit check, the automated system, and offers you can look into.

Ferratum Loans is a UK based company that offers customers an easy, simple, and worry free ways of getting a loan. This lender offers services all day, daily via its website and a mobile app. Loan processing is straightforward thanks to fixed, accessible rates, making applications easy & simple!

So, whether you’re curious about a payday loan, a high-cost short-term loan, monthly repayment, or loans with a faster payments scheme, you may want to try out the services from Ferratum loans as they provide the most convenient options.

Deciding on a loan is difficult due to the large number of services accessible and their similarities, but thanks to Ferratum, you can easily find out the best offers of April 2024 available for you and your needs! Continue reading to learn everything you need to know.

Table of Content

1 Ferratum Loans Overview
2 Services Offered By Ferratum Loans
3 Ferratum Loans Contact Details
4 Ferratum Loan Reviews
5 Summary
6 All UK Loan Companies

Ferratum Loans Overview

Ferratum Loans, founded in 2005, is a long-standing direct lender known with continuous payment authority and they have offices in several countries. The lender is situated in Liverpool and operates entirely online in the United Kingdom. They are authorised and regulated by the Financial Conduct Authority Reference No: 672537 & they are registered in England with registration number: 07349566.

Being at the forefront of the mobile revolution, particularly in the financial sector, Ferratum provides a mobile loan and banking platform that is quick and simple to use. As long as you have a bank account and credit file, they can help you understand your credit history and from there, they can give independent advice to you regarding which loans may be good for you.

Ferratum loans loan funds to those who need cash fast without the hassle and trouble of having to be screened by several credit reference agencies or banks. They specialise in several loan types such as the payday loans, ferratum short term loan, money short term loans, and so on.

Depending on your credit standing and how quickly you can settle the loan (i.e. if you can repay early or give the loan on time), they can give you better offers for your next loan, be it another payday loan to cover your expenses for the next payday or another personal type of loan. It may go faster if you have a reliable debit card or bank account too.

Their application process is straightforward, and one of the biggest advantages is that you only have to complete it once. You can apply for further loans by text message. You are likely to qualify for more loans in the future if you make the required repayments on the initial loan.

They will, however, verify your affordability, creditworthiness, or ability to do early repayment before approving a loan, regardless of your previous repayment history. They tell you how much a loan will cost before you accept it, and there are no hidden fees.

Other elements that may affect your ability to repay are considered before they make a lending decision. These factors include your age, previous financial management, and address stability. For credit checks, they now employ Equifax and TransUnion. The check may have an impact on your credit score because these are significant credit bureaus.

Services Offered By Ferratum Loans

The Ferratum same-day loan is a short-term financial solution for someone who needs a little quantity of money to deal with a pressing issue. Under what they refer to as Plusloans, these loans are flexible and give amounts ranging from £300 to £1,000. Here are the types of loan from Ferratum that you can look into:

Same Day Loans
Short Term Loans
Quick Loan
Ferratum Fast Loan
Cash Loan

Since these loans are instalment loans (with varying loan term dates), you can make payments over two, three, or four months. This means you can control the loan amount and you can decide on a slower or faster payment scheme. Consider your credit rating and contents of your bank account when you decide on which loan to undertake.

Under the same banner, they have a product called the Microloan. This form of loan is available in amounts ranging from £50 to £500. These usually need a one-time payment on your next paycheck. Essentially, they are minor boosters to keep you running till your money arrives.

For more info regarding this, a representative example can be given to you if needed. Other lenders do not necessarily offer this but via the website or by giving your mobile number information, the support team can give you a hand with this.

Ferratum provides banking services both online and through its mobile app, in addition to loan services so you will definitely have an easy time going through your first loan. With the utilization of digital and mobile financial services technologies, it promises to be at the forefront of the digital banking revolution which may be good for direct debit.

Ferratum Loans Contact Details

Ferratum loans loan to those who need cash fast. If you are one of these individuals, simply look up Ferratum loan online and try out for a new loan application. Keep in mind though that when you loan from Ferratum, your loan amount will be susceptible to your situation as well as your ability to cover the loan. They have no mobile phone number to reach, however, you can reach a customer representative using the following methods:

Website: https://www.ferratum.co.uk/

Help Center: https://help.ferratum.co.uk/s/

Address: Ferratum UK Ltd Suite 318, 25 Goodlass Road, Liverpool, Merseyside, L24 9HJ

Company Number: 0151 808 1372

Ferratum Loan Reviews

Loan products have various offers and varying due date per offer. Ferratum group lenders offering these will surely be able to help you out pretty quickly. So, you’re definitely going to find one that suits your own circumstances just like these people giving genuine customer reviews:

Always had a good experiance with them would recomend them any day. – Gillian Crosby

Helpful. Reliable. Very easy application, no issues ,money in account really quick. Interest is standard not low but not too high. – Viktorija Benga

Easy application, no issues ,money in account really quick. The best feature is being able to apply and pay off loans easily . This is amazing and easy. Most loans require you to login and pay with card. I understand loans should be short term however I think if they offered higher amounts and over longer period would be even better but don’t offer loans longer then 4 months, but lots of people would like the idea of spreading the cost over 12 months. – Susan Roberts

Great service all round,helped me out when needed only thing is I can’t see this credit line option when I log in any help on this would be appreciated. – G. Kearney

Summary

In this Ferratum Loans review page, you’ll clearly see how, compared to other lenders, Ferratum offer services that are quite helpful, simple to understand, transparent, and one you can consider to be a responsible lender. Despite your credit rating, they can surely help you up your credit report so that, over time, you can improve your lending criteria.

The team gives fantastic independent financial advice for those seeking information on loan payments. So, as long as you can keep up with the loan repayments, the team at Ferratum can definitely help you get over your financial difficulties over time.

Ferratum Loans is a loan provider that has been in business for over a decade, and it is clear that they are a trustworthy and steady financial service provider since, from the beginning of your customer journey, you will know the total cost of their loan and services as well as other fees.

If you have any questions, you won’t have to be scared to ask as they give services 24 hours a day, seven days a week, and even provide financing on weekends.

They provide fantastic services for anyone seeking emergency funding and come highly recommended. The Financial Conduct Authority has authorized and regulated Ferratum Loans. It is also a Consumer Finance Association member.

As a result, the platform must conform to the strict operational standards established by these agencies. Additionally, to protect user data, its website employs industry-standard encryption mechanisms.

All UK Loan Companies

Please see the latest list of UK Loan Companies 2024