Rating based on 1,390 reviews


Ferratum is a Registered Financial Service Provider / FSP70021

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About Ferratum

Ferratum offers loan solutions that range between $100 and $1900.

The application process is easy as pie and can be completed in only a few minutes. You will be given an outcome almost instantly and we say yes more often even if you have a bad credit score.    

Quick & convenient loans

Apply via our website from the comfort of your sofa by completing the online application. There is no need to visit us in person.  Once your loan application has been approved the money will be paid into your account within 24 hours.

Since 2005 New Zealand has been turning to Ferratum in their time of need and becoming a leading financial lender in the industry. Our business has been so successful that we have opened branches in over 24 countries and continue to grow every day.

The fantastic free first loan

Our service is so fantastic that we are willing to give you your first loan absolutely free of charge, it’s free to apply and you will only need to pay back the original loan amount without any charges added.  

This free loan promotion is strictly available to new customers that are lending up to $300 over a 30 day period.  You will only be required to repay the amount that you originally borrowed with no extra fees added.

Your financial future is in your hands

It’s a scary fact that most people don’t have enough money to pay their debt and still be able to live off their salary. More and more people are turning to loans to help them make it through the month or to pay for an unexpected financial emergency.  Your financial future is in your hands and Ferratum strives to assist you with the financing that you need.

What Ferratum can offer you

Loans with bad credit are available to those who have a less than perfect credit score.

Once you have defaulted on a payment, this will negatively affect your credit score and be recorded on your credit report. Having a low credit score will make it more difficult to apply for loans as most banks have very strict lending conditions. There are different types of bad credit loans available.

Obtaining a bad credit loan

There are different types of bad credit loans available to those with a bad credit report.  Types of bad credit loans include secured and unsecured loans depending on how much you would like to borrow and the value of the security that uses as collateral against your loan.

Securing your bad credit loan with collateral 

A secured loan is a great option if you want to avoid paying a very high-interest rate. If you have a bad credit score you are seen as a risk, so to ensure that you make a payment on your loan the lender will need you to provide a type of security.

If you don’t comply with the loan terms then the collateral can be repossessed to make up the money that you still owe on your loan.

Most lenders will accept collateral in the form of a paid for property, boat, caravan or vehicle but this is a very risky loan option as you could end up losing your collateral and being in a worse position that you were previously.

The biggest advantage of a secured loan is that you will be charged a lower interest rate and you will be able to borrow a larger amount depending on the value of the collateral that you are using.

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In a Nutshell

  •  Average processing time 2 hours
  •  Online application
  •  In-store application
  •  Unsecured loan option
  •  Bad credit consideration
  •  Early repayment

Quick and convenient online bad credit loans

If you use your bad credit loan correctly you will be able to improve your credit score and apply for better loan terms in the future.

When you apply for a bad credit loan this is recorded on your credit report as any other type of credit. These types of loans were designed specifically for those with bad credit and can be used to improve your credit score as long as you comply with the loan terms.

Applying for an unsecured bad credit loan

If you don’t own your own property or item that is accepted as collateral then you will need to apply for an unsecured loan.

As you are a risk to lend money to, you will only be able to borrow a smaller amount of money and you will be charged a much higher interest fee than on a secured loan. The loan will also need to be repaid over a shorter period of time and in most cases, you will need to get someone to co-sign the agreement.

Ways to improve your credit score

Make sure to always pay any bills and accounts on time and pay at least the minimum amount due to each pay cycle.

If you are in a good position and can afford to pay more do so, as the quicker you pay off your debt the better effect it will have on your credit score. Don’t ever skip a payment and if you are having financial problems then contact us to arrange a more suitable payment plan.

You can take advantage of setting up auto-payments on your bank account so that as soon as your salary comes into your account, the money owed in accounts and utility bills are paid immediately.

Other avenues of borrowing

There are other means of borrowing money if you don’t qualify to apply for a loan, you could try applying with a guarantor or having a trusted friend or family member co-sign the loan with you.

Eligibility & Requirements

  •  18 years or older
  •  NZ resident
  •  Employed full-time
  •  Self-employed
  •  Credit check
  •  Bank statements

Other Products & Services

  • Cash Loans
  • Payday Advance Loans
  • Bad credit loans

Customer Reviews & Testimonials

Here’s a short video about Ferratum

Contact Details

 Visit Website Apply Directly


 Physical Address

  • 132 Hurstmere Road, Auckland, Auckland, 0622, New Zealand

 Postal Address

  • PO Box 33-1009, Takapuna, 0745, New Zealand

Opening Hours

  •  Monday 09:00 – 17:00
  •  Tuesday 09:00 – 17:00
  •  Wednesday 09:00 – 17:00
  •  Thursday 09:00 – 17:00
  •  Friday 09:00 – 17:00
  •  Saturday Closed –
  •  Sunday Closed –