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Online Payday Loans

Online Payday Loans From Ferratum

It's simple, you need some cash and you need it fast. You’ve heard about online payday loans but you’re not sure how they work. What's the difference between a payday loan, a short-term loan or a mobile microloan? Here, at Ferratum, short-term loans are what we do. So we're here to help you with all the info you need. 

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What is a Payday Loan?

A payday loan is usually used to refer to a short-term loan with a term of 30 days or less - so you can repay on your next payday. More and more lenders are now offering loans with different terms, which is why many now refer to short-term loans. A short-term loan refers to any loan product that is taken for a short amount of time, usually less than 1 year. 

Ferratum offers short-term payday loans for 1-4 months. You can apply online, and if you're approved, you'll have the cash in your account usually within 2 hours. 

Why Do People Apply for a Payday Loan?

There are a million and one reasons why people might need short-term payday loans so we don’t ask you to explain in detail. We just ask you to complete our application form and we’ll take care of the rest. We understand that emergencies like car repairs can’t wait if you have to get to work or vet bills have to be paid straight away and could leave you short of cash in the run-up to your next payday. 

How Do I Apply For One Of Ferratum’s Short-Term Loans?

When our customers come to us for their loan needs, we like to keep it simple for them. Complete the online form in 5 minutes and we'll give you a decision straight away. Generally, our 1-month loans are used as an advance on wages to bridge the gap when your salary isn't quite due, and our longer-term loans are for covering a larger expenditure, where you might need to spread the repayments over a couple of months. We charge daily interest on our loans and we have a minimum 7-day term. We don’t ask you to scan or post sensitive documents, all of our security checks are done online so your details are safe. You simply provide us with a few pieces of information, we validate it then process the application.

Check out our loan calculator below to see what kind of loan term would suit you.

Compare our loans at allthelenders.org.uk


Loan amount

Loan amount: X
Loan term: X
Interest: X
Total amount payable: X
Due date: X
Monthly repayment: X


*Minimum loan term - 62 days, maximum - 4 months

What Do I Need To Apply For A Loan?

You need to have a mobile phone, an email address and a valid debit card and bank account for us to send this and future loan payments to. You can make your application online using your desktop device or on your phone. 

Which Payday Loans Do You Offer?

We offer short-term payday loans from £50 to £300 for first-time customers. Your funds will arrive in your bank account within 2 hours Monday to Friday between 9am and 5pm. It’s often a lot faster. We send the funds by faster payment, so as soon as we send it, it should appear in your bank.

Is There Anything Else I Should Know About Payday Loans?

For all our loans, you can set your due date for your next payday. This may be from as little as 7 days up to a maximum of 37 days. 

When choosing a short-term payday loan, you should remember to consider your current income and expenditure, and whether you will be able to comfortably afford to repay your loan. We'll ask you about your expenses as part of the application process. 

Our short-term loans are only to be used for short-term financial needs, and should not be used as a long-term borrowing solution, or if you are in financial difficulty.

You have the option to repay early. If you pay some or all of your balance before the due date, the interest will be calculated to reflect this. You’re paying daily interest on the amount you borrowed on each of the payday loans so naturally, it will be cheaper to pay back early.

My Future Payday Loans?

At Ferratum, we understand that you may need our services again in the future. And so existing customers can apply for a new loan using the account details they set up when they applied for their first loan. Existing customers may be able to apply for up to £500, or £1000 for a longer-term Plusloan. 

It's important to remember that you should carefully consider your need for future short-term payday loans. Payday loans should not be used as a long-term borrowing solution, and there is lots of advice available online to help you manage your finances so you don't fall into financial difficulty again. 

Why Choose Ferratum For Your Payday Loans?

The great thing about Ferratum’s payday loans is that you can apply in multiples of £10, so you only pay interest on the amount you need. When you apply for your second or subsequent payday loans, we’ll automatically set the payment due date as your next reported payday. Ferratum is flexible and will accept early payday loan replacements at no extra cost, in fact, we reduce the amount of interest you’re charged.

We’re friendly and approachable with an experienced Customer Care team should you need any assistance. You can find out how to contact us here, we also offer email, SMS and LIVE CHAT for your convenience.

It really is as simple as that. Your first short-term payday loan application in minutes, your money in your bank within hours.


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