Ferratum

Ferratum have scored an overall satisfaction level of 4.1 / 5 stars based on 17 reviews and is a readies® A rated lender.

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Company Information

  • Company Name:
    Ferratum
  • Website Address:
    https://www.ferratum.co.uk/
  • FCA IP:
    639266
  • Business address:
    Ferratum UK Ltd, Suite 301, 25 Goodlass Road, Liverpool, L24 9HJ
  • Phone number:
    0151 448 7324

Ferratum Bank is a subsidiary of the Ferratum Group, which offers its customers the chance to stay current on daily and emergency expenses when they are short on immediate funds. Providing microloans and microloan-related products has earned Ferratum its solid reputation in the microloan industry as well as having earned its 1,500,000 customers within its various countries of operation.

Customers will find Ferratum in the United Kingdom, Australia, Denmark, Belgium, New Zealand, Lithuania, Croatia, Russia, Poland, Spain, Czech and others around the world, particularly in Northern and Eastern Europe.

A company always eager to stay on the cutting edge of technology, forging exciting new paths for its clients. As is often the case, Ferratum pioneered a launch of a Mobile Microloan product in Europe in 2005.

Jorma Jokela, the company’s CEO, believes letting the company be driven by their passion for innovation. Further, the CEO wants Ferratum to take front stage as the leader in the microloan industry by the year 2014, holding the idea that the microloan company has much to offer many more countries and areas around the world.

Jokela further believes in fostering a strong work force of ambitious and driven employees. With a staff of more than 250 professionals, the company continues to grow and thrive in the microloan industry.

As a lending leader, Ferratum provides reliable, ethics professional and transparent services for its individual borrowers and business borrowers. The company is proud to keep its clients confidentiality in mind at all times as well as paying attention to each customer’s busy schedule and circumstances that brought them to the microloan company, understanding that budgets are often tight in the modern world.

Ferratum requires that all customers undergo a credit check and that they have a job to ensure that they will repay their loan in a timely manner. Additionally, the microloan company takes address stability, age and the previous handling of financial matters in the past into account when determining whether they will offer a loan and, if so, in what amount and on what terms they will do so for their customers.

17 Reviews of Ferratum have been submitted - read the latest 3 below

Due to losing my current job I rang to speak about my outstanding finance with ferrartum. Service upon requiring a repayment plan was poor.
They are all good and well when making money from you, but when you are struggling they are very shrude and make it difficult to find a solution.
Won't be using them again.

Haven't had a problem in the past but this experience was enough to turn me sour. Was degraded over the phone and felt pushed into a high and unaffordable repayment plan, I felt very stressed and pushed into something that wouldn't suit my current situatio.

Review posted by Bad service

  • Customer Service
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I cannot praise this company enough. They are so efficient and the customer service staff are absolutely amazing. It is so easy to apply and the funds are paid into the account within 2 hours. I have needed to contact them on a number of occasions both by text and by phone and their response time has always been excellent whether by phone or by text. I would definitely recommend to anyone in need of a short term loan and with poor credit history. Definitely the best payday lenders out there! Absolute 1st class company, I have worked in customer service for 20 years and these are the kind of people I like to feck with, professional, helpful and friendly.

Review posted by Jenna76

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

So I've had this holiday booked for like a year now and I've been paying it in instalments every month, about 100 quid or so. So it gets to the list month before I'm due to go away and my car breaks down. I've no cash, can't pay for the last month of my holiday and I'm skint as ya like! So I come online and find this firm called Ferratum. Weird name I know, but they looked reputable enough!

I applied via their online form thing and they said they'd loan me 300 quid or so over 45 days. Interest was about 150 or so which isn't that bad considering Wonga were quoting a lot more. I know they're a lesser known firm than those who advertise on the box but they did a decent enough job for me. Give them a try if you're looking for a small amount for a few weeks. They only loan 300 quid or so max though so if you're wanting loans for a grand + don't bother.

Review posted by Justin

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money