COVID-19: How Ferratum is helping its Customers
Pick your amount
Select how much you need using our simple loan calculator. From $500 to $15,000 up to 5 years
Apply online
Our simple application takes just 10 minutes to complete with an instant online decision
Funds transferred
Your approved funds will be automatically deposited to your bank in under 24 business hours
Why choose Ferratum Money?
We're committed to providing the fastest, most affordable online lending products to every Canadian.
No banks, no branches, no documents, no waiting.
From 18.9% APR
No documents
100% online
Funds in 24 hrs
25.5% to 59.7% APR
Documents
Finalize in branch
3 to 5 days
Say goodbye to fees
Every Personal Loan from Ferratum is 100% completely fee-free. Add an extra payment, or pay your entire loan off whenever you choose. No penalties or hidden charges. Only pay the interest.
No origination fee
Add payments
Pay off any time
We work with you
We're not your bank, and you're more than just a credit score. Our mission is to make our financial products accessible to everyone in Canada.
World-class service
Our highly rated Customer Care staff are available to answer any questions you may have before and during your loan application.
How long does it take to get my loan?
Once approved, the funds will be transferred to your personal bank account immediately. Generally, funds will appear in your bank account in under 24 hours.
Do I need to upload any documents?
No, unlike other lenders we do not require you to upload Photo ID, Bank statements, Proof of Address, T4 slips, or Void cheques.
Do you check my credit?
Yes, during the application we will check your credit to provide you the best rate. We recommend you have Fair to Good credit for the best results.
Do I need to be employed?
Yes, we ask all applicants be actively employed and show recurring income for at least 3 months.
What are your interest rates?
Our fully automated decision engine will provide you with rates from 18.9% based on your financial snapshot.
Who is Ferratum?
We're new to Canada, but are a pioneer in mobile financing in Europe since 2005. We're even traded on the Frankfurt Stock Exchange under symbol 'FRU.'