Instant Payday Loans By Text!

We offer payday loans up to £500 (for returning customers) repayable over 7 to 37 days.  Terms available do differ based on the amount you need.  The loan amount depends on your credit score.  

We will tell you upfront what the full cost of your short term loan will be. There are no hidden charges or fees involved when you take a microloan with Ferratum.

A short-term loan also known as a microloan can help with occasional cash flow problems. It can help to tide you over for a few days or weeks.

A microloan should be used only for short-term financial needs and is not appropriate for long-term borrowing or if you are experiencing financial difficulties.

Using a microloan can avoid nasty overdraft charges or returned item fees on your bank account.

Avoid overdraft charges with a payday loan

A microloan is often better than using your credit card. You can’t fall into the trap of just making the minimum repayment, which would keep you in debt for longer.

A microloan is ideal when faced with an unexpected bill or an amazing bargain that you don’t want to miss out on.

A microloan can be used as a payday loan which means that your life doesn’t have to stop while you count down the days or weeks until payday.

A microloan displays a higher APR than what you may typically see elsewhere. Please don’t let this confuse or alarm you. APR is a measure of the annual percentage rate which means the amount of interest charged over a year. As the microloan is only a short term product (max 37 days) the APR is not always the best measure to use. Your total charges/fees are displayed upfront so you can see the real cost for yourself. It's simply 0.8% per day, so the overall interest is based on the amount of the loan and the length of time it's taken over.  Paying back your microloan earlier than the due date will save you money as we'll recalculate the interest for you.  Ferratum does not charge interest on top of interest on your microloan and there are no hidden fees.