Rating based on 37 reviews


  • Short-term loans up to $3,500
  • Low-interest up to 227%
  • Repayment up to 45 days

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Ferratum homepage
Author Ferratum. Screenshot of Ferratum website.
[Accessed March 3, 2023]

About Ferratum

Ferratum has become a credit provider for one reason – we know what the clients want and we give it to them.

In the modern age, we are living in with everything so expensive, you would be surprised to find that there is still a financial provider that puts customers first.

The first month no interest loan

When we decided to have a “first month no interest loan” for customers, we get a lot of critics from other companies. Most of them were emphasizing how we would lose so much money.

Ferratum, on the other hand, didn’t care about the losses we would lose now that we opted for clients to not pay any interests on their loan the first time they take up credit with us. In fact, we were happy there was an impact we could do in their financial lives.

Pay your loan in the next 45 days

When we decided on the 45 day period, we know it gave clients more than enough time to get the payday loan that is needed. 45 days is a full month overlapping the next with close to two weeks.

This speaks to say, a client will get paid within that 45 day period in the manner of a salary or a benefit and they can pay off the loan. Failure to speak to us when you have difficulty paying your loan is a huge error. We are available to try and give you the best feasible idea to help get your money and your life on track.

Ferratum Services

The reason the idea has to be practical is that it has to be doable. We offer practical financial solutions.

As much as we are seeking to give you the best financial advice on how you get money, we know that some customers often do whatever they please with the money once they received it. However, this has not stopped any of the Ferratum consultants to help clients when they are going through a rough patch and need a short-term loan urgently.

The Ferratum loan calculator

Prior to taking up any short-term loan, we always encourage our clients to make use of the loan calculator first. This way, they will have a more accurate figure of the loan amount they are planning on taking, the period they are planning on taking the loan, when is the due date for the payment and what is the total amount paid.

We must emphasize that nothing is thumb sucked here, every figure has been carefully calculated. If you need more clarity on how we get to these figures, please feel free to contact us. Everything we do is transparent so we have no problem explaining everything to you again in detail.

What is the maximum amount I can borrow?

Although the maximum amount clients can borrow is $1000, this will not be the amount that every customer receives on the first go. They may qualify for a slightly lesser amount based on their credit and affordability. Furthermore, clients should always remember to never borrow more than they need.

Ferratum – Short-term loan

  • Loan Type Short-term loans
  • Interest Rate 227%
  • Loan Amount up to $3,500
  • Repayment 7 days to 45 days

Benefits of Ferratum

  • Flexible repayment terms
  • Quick short-term loan payouts
  • Rewards for return customers

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's short term loan gives you quick financial solutions

We make short-term financing as easy as it should be!

Clients are required to fill in our online loan application form. This form comprises of the client furnishes us with his personal details. From this section, we usually get an idea of who the customer is and what he is like. Furthermore, you also have to tell us where you stay, where you work, how much you earn and what your monthly expenses are. All this information is important for the approval of your short-term loan application.

Online loan verification and assessment

There are certain documents you have to send to us in order for us to verify the authenticity of your information. The longer you delay sending the supporting documents through, the longer the loan approval will take. Therefore, you have to act as fast as you can see that you might need to use the money right away.

If we find that some of the information that is stipulated in the supporting documents doesn’t correspond with the information you wrote on the online application, we will simply give you a call and ask that you explain the differences to us. If the changes are something we can’t understand, we might have to stop processing your loan application.

The money will be deposited in your bank account

Once we have dealt with the nitty-gritty and we are satisfied with every paperwork submitted to us, we will deposit the money into your nominated bank account. We always aim for clients to receive their money on the same business day it was approved. However, we have no control over the turnaround time of New Zealand banks.

Apply for a new loan

After you have settled the payment for your current loan, you are more than welcome to apply for a new credit plan. Now that you are an existing member, things will be easier and faster because all your information and details already exist on our database. All you have to do is fill in the application form and we will take care of the rest.

Customer Reviews & Testimonials

Smooth website itself, and the online application is marvelous! Add friendly and helpful consultants to that, and you have a winning recipe!

Madiyah S.
— Wellington —

Helpful consultants and the money was transferred the following morning.

Wyatt J.
— Auckland —

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