Rating based on 39 reviews



  • Unsecured 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

Since 2005 Ferratum has been there to assist New Zealand citizens in their time of need.

We have since opened branches in over 24 different countries and continue to grow and expand in the global economy. When you are looking for a loan solution of between $100 and up to $1900 we have the loan that you have been looking for. Log onto the website 24 hours a day and complete the loan application with your personal details.

Instant approval on your loan

Our technology will do its work and give you an outcome on whether or not your application was approved. We will perform a credit check but if you have a bad credit score then you should consider applying for one of our bad credit loan options.

Your first loan is on us

If you have always wanted to apply for a loan but got scared off by added fees and interest rates then this special promotion is just what you are looking for.

We are so sure that you will be so happy with the loan process and that you will become a return customer that we are willing to give you your first loan absolutely free of charge. To apply is completely free you will only need to repay the original loan amount without any extra charges added. This free loan is only for new customers that are borrowing between $300 over a 30 day period and can only applies to your first loan.

Ferratum Services

We help consumers get loans with bad credit.

A bad credit score can make it almost impossible to get your loan application approved. Most banks are very unwilling to give you a second chance. When applying for a bad credit loan there are different types of loan options available.

Finding a bad credit loan that suits your budget

Most people have a bad credit score because they failed to make payments on bills and accounts, the lower that your credit score is the more risk it will be for the lender to lend you money.

The lender is scared that if they loan you money and you are unable to repay it then they will be left out of pocket. Bad credit loans can be secured or unsecured loans. The loan type that is best for you will depend on how much you want to borrow and how much the item is worth.

Using collateral as insurance for your loan

If you own your own property or a vehicle you can use this as collateral as insurance against your loan. The lender will see you as less of a risk to lend money to and offer you a lower interest rate if you can provide insurance for the loan amount.

The amount that you will be able to borrow will depend on how much the item is worth. The risk for this type of loan agreement is that if you don’t pay back the loan you are at serious risk of losing the item. Items that can be used as collateral include a fully paid for house, boat, caravan or car. You will qualify for a lower interest rate and be able to borrow money for a longer period of time.

Ferratum Unsecured loan

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

Benefits of Ferratum

  • Flexible repayment terms
  • Quick loan payouts
  • Apply online 24/7

Ferratum can give quick personal bad credit loans at affordable rates

Apply for a loan with bad credit with Ferratum to get the financing you need, today.

Improving your credit score

Improving your credit score should be your first priority. Lucky for you these are many ways that you can improve your credit score. If you have a good credit score you will be able to qualify for better loan terms and conditions on loan agreements. You would also qualify to borrow more money over a longer period of time.

Unsecured loans with bad credit

If you aren’t fortunate enough to own your own property then another loan option available is an unsecured loan. You can borrow a small amount of money over a short period of time and you will be charged a very high interest rate as you are seen as a very risky client.

Joint loan applications welcome

Another option is to apply using a joint application. There are two ways that you can make a joint application, either by getting someone to sign as a guarantor or by getting someone to co-sign the loan agreement. In both cases the person will need to have a good credit record and they will be held responsible for the loan should you have difficulty making payments.

Arranging a payment plan

If you are having problems sticking to the contract loan terms then we will assist you by arranging a payment plan that will be easy for you to manage. Your loan is paid back by a direct debit that is deducted from your account on the agreed upon date.

If you miss a payment due to insufficient funds in the account, you will be charged a penalty fee, your bank may charge you additional penalties and the loan could end up costing you a lot more that you bargained or budgeted for.

Customer Reviews & Testimonials

I have used this service more than once. Very good.

Grant B
— Hamilton —

Ferratum saved me from a bad situation by offering me a cost-effective unsecured loan. Thank you!

Tiffany J
— Palmerston North —

Ferratum Contact Details

Physical Address

Postal Address

  • PO Box 33-1009, Takapuna, 0622, 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