Ferratum Loans, Apply for an Alternative to Ferratum UK

Ferratum Loans Alternative


Representative example: Borrow £700 for 5 months. 1st monthly repayment of £235.80, 3 monthly repayments of £235.80, last monthly repayment of £235.90. Total repayment £1,179.10. Interest rate p.a. (fixed) 222.79%. Representative APR 832.04%. Our APR includes all applicable fees. Daily interest is capped at 0.793%.

Whilst comparing lenders, you may have found Ferratum as an option for short term borrowing. However, as they are currently not lending, you will be wanting to find suitable alternatives to use instead. Here at Payday Loans Net, we can offer short term payday loans that will provide you with up to £1,000 the same day when approved. Choose repayments between 3 – 6 months that are affordable for your circumstances and click apply now to start your application.

We work quickly to provide the cash you need in an emergency, so once you have applied, you’ll get a decision in minutes and cash paid straight into your account if approved. No waiting around, and no overly long application process. Learn more about our alternative Ferratum UK lending options below or click apply now to see if you can be approved today.


Ferratum Loans Login – What Are My Next Steps?

If you require a short term loan, you‘ll need to choose an alternative option to Ferratum loans. As Ferratum UK, now known by its successor OunaPuu Limited, are unable to provide further lending currently, even if you were a previous customer you will need to seek a trusted alternative. Users can still access the login page to check loan history and other details, however, further lending is not currently possible through them. Here at Payday Loans Net, we can still help provide you with the cash loans you need when the unexpected happens. We offer many of the same options with our account view as when logged in to your Ferratum login, including:

  • Check your payment schedule
  • Edit your personal details
  • Make payments online
  • Repay early

All of these options are accessible once you have submitted an application with us. If you require between £300 – £1,000 quickly and want to choose repayments over 3 – 6 months, we can provide transparent terms, no fee to apply and same day cash when approved. We’ve helped applicants with a range of credit histories successfully apply for a loan, helping those with poor credit get the help they need. It’s simple to apply online and you’ll get a decision straightaway. If all goes well, we can transfer your approved loan funds into your bank account the same day so you can quickly get your finances back on track.

Choosing a Ferratum Loans Alternative

By comparing direct lenders, you can stay informed about the differences between them, and which are best for your circumstances. Some use automated lending decisions to filter applicants, typically making it difficult for those with poor credit to get the approval they need. At Payday Loans Net, we take a human approach and ensure all applications are considered, so that you can apply with confidence that you won’t be rejected at the first hurdle. Each application is assessed individually and on its own merits, whilst performing credit and affordability checks to determine you can afford the loan and you are not in financial difficulties.

Our loans provide the flexibility many people need when borrowing for short term situations. Many people do not require a loan repayment term for over 12 months, or a loan value higher than £1,000. This is typical with many personal loans, for example, where they are not designed for short term use. With short term lenders like Ferratum UK, you may discover those that will provide quick cash but to be repaid on your next salary date, like a traditional payday loan. At Payday Loans Net, you can choose a repayment term to suit you for an amount between £300 – £1,000. You can use our loan calculator to work out the best terms for you and quickly see if we can help today.

Bad Credit Welcome at Payday Loans Net

As a Ferratum loans alternative, we ensure applicants are treated fairly and will not be declined just because of a low credit rating. Whilst we can’t guarantee an application will be approved and we do not offer no credit check loans, we can help those with bad credit who have been declined recently. As there are many reasons to have bad credit, either from a history of arrears, defaults or even a CCJ, we focus on your current finances.

As responsible lenders who are Financial Conduct Authority (FCA) authorised, we have to make sure the loan is affordable for you and will not cause further financial difficulties, which is why we do not provide 100% acceptance. Instead, we will consider you may have had issues with your finances in the past, and if your current finances are in good order with plenty of affordability in the present, we can look to help where possible. This makes us a good option if you are concerned about having a low credit score and need instant cash.

Ferratum Loans Alternative FAQs

Can I apply for Ferratum loans if I already have one?

No, Ferratum does not allow multiple loans or top-up loans. To apply for a new loan, you must have repaid your previous one in full, however, Ferratum UK is currently not able to provide further lending. Here at Payday Loans Net, you also cannot apply for more than one loan at a time, but if you have resolved one in the past, we can quickly help you again when you need it. We still need to ensure affordability and cannot guarantee approval until after the necessary credit checks are completed first.

Can I save money when I repay early with a Ferratum UK Alternative?

Yes, you can repay your loan balance early if you can afford to do so. Similarly to Ferratum loans, you can repay early and potentially save money with no penalty. You can repay your loan early online, in full or in part. Just login to your account or call us to repay early, and we’ll inform you of any applicable savings. It’s always a good idea to repay your loan as soon as possible, so if you do have the funds to do so, we are happy to help you settle earlier than the term.

How quickly can I get approved for an alternative to Ferratum?

We work fast to provide a decision and the approved loan amount into your bank account. This is all whilst ensuring you are a suitable applicant and can afford the repayments required. In most cases, this will be the same day that you apply, usually within a couple of hours. If you are applying outside of our business hours, you can expect the application to be processed the next working day as soon as possible. Your bank will need to support the faster payment service to ensure you have the funds you need quickly.

Can I check the progress of my application like a Ferratum loan?

Yes, you can login to your account with us and check the progress of your loan. In most cases, you’ll be approved in minutes and the loan agreement sent to you to sign quickly. Once done, the cash can then be transferred to your account. If you apply overnight, for example, or on a Saturday, you can login to check your application status and see when it will be processed. In the same way you can use a Ferratum login, you’ll be able to check the repayment schedule and if the loan has been successfully approved or not.

Ferratum Login Vs Payday Loans Net Login

To summarise, we’ve put together a table comparing the features of Payday Loans Net and Ferratum loans login areas:

Feature: Ferratum PaydayLoansNet
Check Payment Schedule Yes Yes
Edit details Yes Yes
Make regular payments Yes Yes
Repay early Yes Yes
Has an app No Yes

Like Ferratum, Payday Loans Net is a short-term provider of cash loans in the UK. If you have an emergency that needs resolving and you do not have the funds or savings to do so, we can help. Just click apply now either through our website or by using our mobile app, and we’ll work quickly to provide a decision.

If you have any questions regarding Ferratum and our alternative loan options, please contact the team today. If you are experiencing financial difficulties and require further assistance, please visit Money Helper for more information and impartial financial advice.


Ferratum UK Loans

Ferratum UK is part of the Ferratum Group, which is an international lending company founded in 2005. The Ferratum Group offer loans across Europe, Africa, America, and Asia, offering loans to UK customers between £300 and £1,000 (Up to £700 for new customers). Loans can be borrowed for a minimum of 62 days and a maximum of 4 months. Now succeeded by OunaPuu Limited, they are currently not providing any further lending options.

Applying for Our Ferratum Loans Alternative

You can apply for our alternative loans to Ferratum by choosing an amount between £300 and £1,000, a loan term between 3 – 6 months, and clicking apply now. You will need to meet the following eligibility first, including being at least 18 years of age. These include:

  • Reside in the UK
  • Have a UK bank account
  • Have a steady income

Meeting the above means you can apply today and get a decision in minutes. Please note, this doesn’t mean you will be approved, and your application is subject to credit and affordability checks first. To compare our loans with Ferratum, please see the below representative APR comparison.

A representative example of a Ferratum Loan

The total amount of credit: £400
Duration of the agreement: 4 months
Repayment total: £665.48
Interest is fixed at a rate of 292% per year | Representative 1604% APR
Representative example of a loan with Payday Loans Net

Total amount of credit: £500
Duration of the agreement: 4 months
Repayment total: £863.24
Interest is fixed at rate of 270.10% per year – 0.8% interest per day | Representative 997% APR
Instalment 1
Instalment 2 & 3
Instalment 4
Warning: Late repayments can cause you serious money problems. For help, go moneyhelper.org.uk