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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Author Ferratum. Screenshot of Ferratum website. [Accessed April 17, 2018]

About Ferratum

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

Apply online by completing the online application. There is no need to meet face to face. Apply from your cell phone and have the loan paid directly into your account within 24 hours. Ferratum has been a leading lender in New Zealand and since 2005. We have branches in over 24 countries. Our loans range between $100 and $1000 and have easy repayment terms of up to 45 days.

Your first loan is on us

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 a loan obligation free. This free loan is only available to new clients that are lending up to $300 over a 30 day period. You will only be required to repay the amount that you originally borrowed with no extra fees added.

Take 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 we can achieve your financial freedom.

Ferratum Services

We offer 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 does decide to lend you money they usually require some form of security or collateral against your loan while offering stricter repayment terms. At Ferratum we are different if you have a bad credit score you may still apply for a bad credit loan. We will treat you fairly and give you the opportunity to find your financial feet without being penalized for your previous bad credit.

How to apply for a bad credit loan

To apply for a bad credit loan you will need to log onto our website and complete the online application form. You will need to supply supporting documents, including a copy of your last 30 day bank statement. As well as proof of residence and your banking details.

Making your life simpler

Applying for a loan should be simple. Use VeriSign to sign the documents via our website. There is no need to print out the contract and everything can be done via your smartphone.

VeriSign will allow us to verify your banking details and upload your bank statement. By using this system your information will remain safe and secure and we 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

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

Ferratum money offers online bad credit loans that are fast, quick and easy. It has never been simpler to apply for a loan. All you need to do is follow these easy steps:

  1. Apply online. For your convenience, you can apply for a loan 24 hours a day, you can apply from anywhere that has an internet connection and the process only takes a few minutes to complete.
  2. We process your application in record time. We do not run a credit check. You will receive an outcome within a few minutes. To apply is free and 100% paperless.
  3. The cash is paid into your account. The money will be paid into your account within 24 hours.
  4. No restrictions - spend your cash however you like. Our existing customers can borrow up to $5,000 and new clients can borrow up to $1,900.
  5. Payback the loan. To pay back the loan is simple, as we help you set up a direct debit that lines up with your pay frequency. Our terms range between 30 days and 6 months.
  6. We reward return customers. 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

If you are having problems paying your loan, then you will need to let us know so that we can assist you if we can. If you miss payments without letting us know, you could be charged late fees and penalty charges which can cause your loan to cost a lot more than you originally planned.

We set up a direct debit on your account so if this debit is dishonoured your bank could also charge you penalty fees and this could negatively affect your credit score. If you are struggling to make the repayment terms our 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