How It Works

How Ferratum Works

Ferratum offers short term loans from $100-$1000* to help you deal with any situation. Our loans are designed for 45 day terms* so you never get stuck in long term debt. The precise length of your term will be determined by the amount you borrow and length of your pay cycle.

Apply Online

Complete our fully automated online application which requires basic ID and banking details, along with your desired cash loan amount.

Get Conditionally Approved

Once you’ve entered your details and required loan amount, our fully automated system will give you an instant decision and let you know whether or not you’ve been approved.

Upload Bank Statements

No need to scan, fax or photocopy - Our partnership with Credit Sense ensures you can easily upload your bank statements to verify your income and expenses.

We Process Your Loan

After all details have been confirmed and your income/expenses have been verified, we will endeavour to process your loan in under 60 minutes.

Receive Your Cash

You’ll have your cash ready to go!