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Ferratum

Avg. Rating: 4.8 (15 reviews)

UPDATE: Ferratum is now FlexMoney. Please see their profile here

 

The Fastest Online Loans in Canada

Ferratum is an international provider of mobile consumer loans. As a pioneer in the field of financial technology and mobile lending, we have expanded our operations to 27 countries since 2005. At Ferratum, our mission is simple – to provide the best, fastest, and most user-friendly lending and banking services available with unsurpassed personal customer service.

Our customers are diverse and come from all walks of life and situations across Canada. However, one thing all our customers have in common is that when it comes to money matters, they know can rely on Ferratum for uncomplicated short term loans. We understand that, regardless of what your situation is, sometimes you need extra money. And fast.

  • TIME IN BUSINESS: SINCE 2005
  • # OF CUSTOMERS: OVER 1.5M
  • TOTAL FUNDED: Over 100M
  • LOANS OFFERED: Personal Loan
https://www.ferratum.ca

Call Center:
Support Offered:
  • Web Chat
  • Help Center/Blog
  • Email Support
Availability: Alberta, British Columbia, Ontario, Nova Scotia, New Brunswick, Newfoundland

Products Offered

Below are all the products offered by this company.

Conditions & Rates

Interest rate 18.9% to 54.9% Amount $2,000 – $10,000 Term 12 – 60 Months

Eligibility & Documents

Who is eligible

  • Living in the province of Alberta, Ontario, Nova Scotia, New Brunswick, Newfoundland or British Columbia
  • Minimum 20 years of age
  • Minimum monthly income of $2,000
  • Actively employed
  • No loans in collections
  • No debt management or bankruptcy
  • No ODSP
  • Minimum recommended credit score is Fair to Good Credit

What you need to provide

  • Mobile phone number

  • Valid email address

Repayment & Issuance

How fast can you get the money Same day Funding method Direct deposit How does repayment work Weekly, Bi-Weekly, Monthly Payments from your bank account

Articles About Ferratum

Ferratum’s Finnish formula for success in Canada: winning business mantra, pioneering technology, and the Jorma Principle
By Mashoka Maimona

Mashoka is a journalist for the London Press and the National Post, currently specializing in finance, business and technology.

Ferratum Reviews

Avg. Rating: 4.8 (15 reviews)
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I got my 3rd loan from ferratum

I got my third loans from ferratum. The service is great and if you need to reloans just send them an email and they will reply right away. Compare to other lending company ferratum do not charge hidden fees and other BS service fees.

Ferratum Customer
Very quick service great customer … awesome team

Very quick service great customer service understood the customer needs got my application approved with very affordable terms of repayment. Keep up the great job.

Nandish
Nice Customer Service

Nice customer service and easy & fast loan processing.

Guylaine
pleasantly surprised

I was pleasantly surprised with the help I received. I wasn't judged for my current situation and all correspondence I had with your staff was a positive one. Thank you for helping me and I look forward in receiving more help in order to consolidate my debt.

Lisa
Good Experience

Good experience, no problems, no hassles, easy to get the loan I needed.

Robert M
Brilliant Company

Brilliant company, very easy and straightforward. Would certainly recommend 100%.

Andrew
Very Quick Service

Very quick service great customer service understood the customer needs got my application approved with very affordable terms of repayment.
Keep up the great job

Nandish
Great service all round

Great service all round, helped me out when needed !

G Kearney
Very Impressed

I have had a 3rd since my last review and I thought why not try after have a $200 loan then a $400 loan, I decided what the hell I would try for $800 and I was very amazed when I got approved moments after applying! I couldn't believe I had scored an $800 loan limit on just my 3rd loan! I just had to say wow! I recently just paid it off by making my last payment. I am hoping to apply for the maximum on just my fourth loan. I hope eventually the limits get higher but if I can get $1,000 I will gladly take it. I didn't think I would that's why I tried for 800 the last time. Now I'm going for the full max.

Ashley
Your Customer Service is Great!

Your customer service telephone line is excellent, very courteous and they seem to be well trained, unlike the bank and other companies I deal with. Good job, well done !

Norman
Excellent fast and reliable service

Excellent fast and reliable service have used on a few occasions and they never let you down!!

D Davies
Straight forward lending no messing

Straight forward lending no messing about .same day processing. Great service. Can't fault them....also as live chat option.

Shaun B
Very quick service great customer …awesome team

Very quick service great customer service understood the customer needs got my application approved with very affordable terms of repayment.
Keep up the great job!

Nandish
Quick and Easy

I used Ferratum when I needed a little extra cash, always a good and quick service, and the Apr is a good rate, very happy customer. I will use them again in the future.

Deb S.
Transparency

I Applied for a new loan after my previous loan is done, all paid with no missed payments nor problems, got declined but got no specific reason to why it was declined, I think it’s every customer’s right to know whatever the reasons may be...which will be a help also.

BernT

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