Short Term Cash Loan


Short Term Cash Loan

Short term cash loans are often referred to as mobile micro loans, or text loans.  They are useful when something unexpected happens and you don’t have the funds to cover it.  At Ferratum, we can usually have this with you within 1 hour.

How much do you want to borrow for your Short Term Cash Loan?

If you’re new to Ferratum, you can apply for between £50 and £300 for your first short term cash loan.  It’s quick, easy and completely free to apply.  Decide how much you’d like to apply for and move the slider to the number of days you need the short term loan for.  Being a short term cash loan, the limit is 37 days and the system will base the repayment day on your next salary date. Hit APPLY NOW and you’ll be taken to our application form.

What Information Will Be Required For My Short Term Cash Loan Application?

We’ll need to make sure that you are who you say you are and that you can afford to repay your short term cash loan.  Sounds simple? For you it is.  We don’t ask you to provide physical evidence as we have very sophisticated technology which we to identify you.  As you complete your application for your short term cash loan, you will go through several virtual ‘checkpoints’ which will validate the information.  It sounds very complicated but our system does the work behind the scenes as you’re completing the short term cash loan application.  At the end of the application, we ask you to confirm that you wish to take the short term cash loan we have offered and we send a PIN to your mobile phone.  Please ensure your mobile number is correct as, otherwise, you may have to start again.

How Will I Receive The Funds From My Short Term Cash Loan?

In seconds, we assess your short term cash loan application.  You need a good credit rating, proof of ID and the ability to repay the loan on the due date.  If your loan is approved, you’ll know straight away as your decision is displayed on the screen.  The money will then be sent to your bank account by faster payment.  This process can take up to 2 hours but, quite often your short term loan is in your bank much faster.  Before 9am, after 5pm and at weekends or bank holidays, it does take us a little longer to send the cash, please be patient, we won't forget you.

How Do I Repay My Short Term Cash Loan?

During your application, we’ll ask you to enter your debit card details at Pay360. This is a secure pay point where your information is encrypted.  Your details are validated by testing your card for 1p (which we don't keep) and stored safely until the repayment is due. We then debit your card for the full loan amount.  If you would like to repay your short term cash loan earlier, let us know by calling 0151 601 8611 as our Customer Care team will arrange this for you.  You can also use our text service. Text us on 07860020302 and send TAKE PAYMENT and we’ll take the payment and text you a receipt within 2 hours. We don't charge any admin fees for paying back your short term cash loan early, in fact, you’ll save money as the interest is calculated daily.  The Customer Care line and the text service are manned here, in the UK so again, on bank holidays, weekends and out of office hours, these requests may take a little longer.  You don’t need to repeat the text or call us too, this just means it will take even longer to complete your request as it isn't an automated service.  It's real humans and if they have to read an email and a text plus answer the phone all for one query, it takes 3 times as long to help you.

What Happens Next Time I Want To Apply For A Short Term Cash Loan?

Next time is even easier.  We operate a text service.  You decide how much you would like to borrow and send a text to 07860020302 like this: NEED 310  In this example, you’re requesting a loan for £310.00.  From your original application, the system will set your short term cash loan repayment for your next reported salary date.  We text the decision straight back to you then all you need to do is wait for the funds to arrive within 2 hours.  Now that we know that you have already had one short term cash loan and have paid it back on time, it means we can invite you to apply for up to £500.00.  If we can’t offer you the full amount at that time, for affordability reasons, we will text you back with the maximum amount we can offer. We can't override this, the system calculates the maximum we can lend you in a responsible way so it would be wrong to overcommit you.

We’re fast, friendly and approachable with an experienced Customer Care team based in the North West of England.  If you call us between 9am and 5pm Monday to Friday, we’ll be available to help you.  We also offer email, SMS and LIVECHAT for your convenience.

Simple!  Your first short term cash loan application in minutes, your money in your bank within hours, then your next Ferratum short term cash loan applied for in seconds by text.

A fast, friendly and flexible short term cash loan from Ferratum.  Apply today.

apply short term cash loan