Rating based on 52 reviews


  • Bad credit loans up to $1,000
  • Low-interest up to 227%
  • Repayment up to 45 days

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Ferratum homepage
Author Ferratum. Screenshot of Ferratum website.
[Accessed March 6, 2023]

About Ferratum

Ferratum offers loans between $100 and $1900 and provides fast approval. To apply for a loan is very quick, and easy.

You can apply online by completing the online application which is made available. There is no need to go into the store to meet face-to-face. Apply from the comfort of your home via your cell phone and have the loan paid directly into your account within 24 hours.

Ferratum has been a leading lender in New Zealand since 2005. They have branches in over 24 countries and their loans range between $100 and $1000 and they have easy repayment terms of up to 45 days.

Your first bad credit loan is covered

At Ferratum, if you are a first-time customer, you will receive your first loan completely interest and charge-free. This means that you have absolutely nothing to lose and can apply for an obligation-free loan.

This free loan is only available to new clients that are lending up to $300 over 30 days. You will only be required to repay the amount that you originally borrowed with no hidden charges.

Be in control of your financial future 

Life is expensive and paying bills and putting food on the table can be a challenge. Most people are unable to make ends meet and don’t have a savings account or a plan for the future.

Ferratum can help improve your finances so that you can pay off your debt and take control of your future. By applying for a short-term loan you can take back control of your finances and improve your credit score so that together you can achieve your financial freedom.

Ferratum Services

Ferratum offers a wide range of financial products including cash loans, fast loans, microloans, online loans, quick loans, business loans, and bad credit loans.

When you have bad credit it can be very difficult to have your loan application approved, if a lender decides to lend you money they usually require some form of security or collateral against your loan while offering stricter repayment terms.

At Ferratum, they are different, if you have a bad credit score you may still apply for a bad credit loan NZ. They will treat you fairly and allow you to find your financial feet without being penalized for your previous bad credit.

When applying for a bad credit loan at Ferratum you will need to log onto their website and complete the online application form. You will need to supply supporting documents, which include a copy of your last 30-day bank statement as well as proof of residence and your banking details.

VeriSign can make your life simpler

Applying for a loan should be simple. You can make use of VeriSign to sign the documents via their website. There is no need to print out the contract and everything can be done on your smartphone.

VeriSign will allow Ferratum to verify your banking details and upload your bank statement. By using this system your information will remain safe and secure and they will be able to process your loan application even faster.

Ferratum – Bad credit loan

  • Loan Type Bad credit loans
  • Interest Rate 227%
  • Loan Amount up to $1,000
  • Repayment 7 days to 45 days

Benefits of Ferratum

  • Flexible repayment terms
  • Quick bad credit loan payouts
  • Apply online 24/7
  • Rewards for return customers

Bad credit loan calculator

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

It has never been simpler to apply for a loan with Ferratum

Ferratum money offers online bad credit loans that are fast, and easy. It has never been this easy to apply for a loan.

Benefits of  a bad credit loan at Ferratum

  • Provides flexible repayment terms
  • The instantaneous payout for bad credit loans
  • Online Applications available 24/7
  • Gives rewards to their return customers

All you need to do is follow these easy steps: 

  1. Apply online. You get to apply for a bad credit loan online, meaning you can be in the comfort of your home at any time of the day. The process is easy and can be done within a few minutes.
  2. Ferratum processes your application in record time. The whole process is free and 100% paperless. They do not run a credit check when going through your application and you can receive your outcome within minutes of applying.
  3. Your cash gets paid directly into your bank account. You can expect to receive your money within 24 hours after approval.
  4. No restrictions - You get to spend your cash the way you want to spend it. Ferratum’s existing customers can borrow up to $5,000 and new clients can borrow up to $1,900.
  5. Payback the loan. It has never been this easy to repay a loan. Ferratum will set up a debit order that deducts the money on the given date. Their terms range between 30 days and 6 months.
  6. Returning customers get rewarded. You are welcome to re-apply for a loan and once you are an existing customer, you will qualify to borrow more money. To re-apply will be even quicker using your unique customer pin and the application process will only take a few seconds.

Customized payment plan to suit your budget

Ferratum has their clients’ best interest at heart, thus allowing you to contact them when you are unable to make payments. If you miss payments without letting them know, you could be penalized and that could be the cause of extra charges to your loan.

Ferratum sets up debit orders with their clients to ensure payments are made on due dates, when a payment needs to be made and there are insufficient funds, you will have to pay a fee at the bank as well, which could negatively influence your credit score.

If you are struggling to make the repayment terms their collection team can help you design a plan that better suits your budget, needs and help make things a little easier for you.

Customer Reviews & Testimonials

Ferratum has a really good reputation so I knew I wanted to try their service, they exceeded all expectations.

Fiona J.
— Nelson —

So simple and easy - I applied online within a few minutes and was approved shortly after. There was not much delay in getting my funds.

Sue-Anne B.
— Napier —

So easy to apply, no need for endless paperwork and long waiting periods.

Charity R.
— Dunedin —

Ferratum Contact

Physical Address

Postal Address

  • PO Box 33-1009, Takapuna, 0745, New Zealand

Opening Hours

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