Warning: Late repayment can cause you serious money problems. For help, go to www.moneyadviceservice.org.uk

Online Payday Loans

Dear Customer,
In light of the current COVID-19 we will not be accepting any new loan applications. The well-being of our customers is of absolute priority and therefore we ask you to contact us via chat, email or phone if you have an existing account and require any help.

Many customers will be faced with income interruptions as a result of this crisis and so therefore we are recommending that you refer here for useful advice: https://www.moneyadviceservice.org.uk/en/articles/coronavirus-what-it-means-for-you


Alternative to Payday Loans

Instalment loans from £300-£1000 from Ferratum

Whether you need a small financial boost over two months, or a larger loan over three or four months, we have terms to suit you. Find out more about our instalment loans.


It's simple, you need some cash and you need it fast. You’ve heard about payday loans but have you considered a short-term instalment loan? Here, at Ferratum, short-term loans are what we do. So we're here to help you with all the info you need. 

Use the slider to see what an instalment loan from Ferratum would cost you to repay. Use the slider on the calculator to determine the amount, and the drop-down option to select how long you'd like to repay. Our calculator will tell you exactly how much interest you'll be charged on your loan, with no hidden fees or extras.

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 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 when you next get paid. 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 instalment loans for 2-4 months. You can apply online, and if you're approved, you'll have the cash in your account usually within 2 hours. 


What else do I need to know about payday loans?

For a payday loan, you will usually set your due date for your next salary date. This may be from as little as 7 days up to a maximum of 37 days.

When choosing a 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. Your lender should ask you about your expenses as part of the application process. 

With an instalment loan, you may find that it's easier to manage you repayments over a number of instalments, rather than the pressure to repay the whole amount in one go. Which is why an instalment loan can be a great alternative to a payday loan.

It's important to remember that with all short-term loans, they 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.

Why choose Ferratum?

At Ferratum, we believe in providing a fast and flexible alternative to payday loans. You set the terms of your loan to suit your needs.

Our Plusloans are a flexible instalment product, with amounts from £300 - £1000 and repayment periods of either 2, 3 or 4 months. Repayments are normally equally distributed throughout the term of the loan, so you always know what the repayment amount is in advance and can plan your budget accordingly.

And with our online repayment function, it's easier than ever to manage your loan.




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Ferratum UK Loans

Got a question?

Contact us if you need any help with your application. Our customer care team are friendly and professional and ready to help!

Our Frequently Asked Questions are packed with helpful info about Ferratum loans.

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Ferratum is authorised and regulated by the Financial Conduct Authority and is a member of the Consumer Finance Association.