How much do you want to borrow for your Short Term Loan?
If you’re new to Ferratum, you can apply for between £50 and £1000 for your short term 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 loan, the repayment is between 1 and 6 months 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 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 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 loan, you will pass through several virtual ‘checkpoints’ which will validate the information as you go along. It sounds very complicated but it all happens in the background as you’re adding your information to the short term loan application. At the end of the application, we ask you to confirm that you wish to take the short term loan we have offered and we send a PIN to your mobile phone. For this reason, it’s very important to make sure you enter the correct mobile number.
How Will I Receive The Funds From My Short Term Loan?
It takes us a matter of seconds to assess your short term loan application. We’re looking for a good credit rating, proof of ID and your ability to repay the loan on the due date. Once the loan is approved, you’ll know straight away as your decision is displayed on screen. We’ll then send the money 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 so please do bear with us.
How Do I Repay My Short Term Loan?
As part of your application, we’ll ask you to enter your debit card details in our secure Pay Point. Your details are checked and stored safely until the due date, when we’ll debit your card for the full loan amount. If you would like to repay your short term loan earlier, let us know by calling 0151 601 8611 and speaking to our Customer Care team. You can also text us on 07860020302 and send TAKE PAYMENT and we’ll take the payment and text you a receipt within 2 hours. There is no penalty for paying back your short term 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, please choose one method of contact and we’ll get to your request as quickly as possible.
What Happens Next Time I Want To Apply For A Short Term Loan?
Next time is even easier. Should you want to borrow from us again, 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 loan repayment for your next 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 loan and have paid it back on time, it means we are able to offer you to apply by text. If we can’t offer you the full amount, we will text you back with the maximum amount we can offer.
We’re friendly and approachable with an experienced UK based 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.
It really is as simple as that. Your first short term loan application in minutes, your money in your bank within hours, then your next Ferratum short term loan applied for in seconds by text.
A fast, friendly and flexible short term loan from Ferratum. Apply today.