Rating based on 24 reviews



  • Low-interest starting from 227%
  • Loans bad credit up to $1,000
  • Repayment up to 45 days

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Author Ferratum. Screenshot of Ferratum website. [Accessed May 23, 2018]

About Ferratum

If you feel hopeless because you are unable to secure a loan due to your credit score, Ferratum provides the hope you need through their sophisticated loans for bad credit.

Since 2005 New Zealand has been turning to Ferratum in their time of need and they became one of the leading financial lenders in the industry. Their business has been so successful that they have opened branches in over 24 countries and continue to grow every day.

Your financial future is in your hands 

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.

Getting a loan for bad credit from them is easy and hassle-free as they are not too concerned about your credit history, as long as you can afford the loan repayments you are good to go.

Bad credit loans for free

They are so dedicated and passionate about helping Kiwis that they are offering loans for bad credit absolutely free of charge if you are a first-time client. This free loan promotion is strictly available to new customers that are borrowing up to $300 over a 30-day period.  You will only need to pay back the amount that you borrowed with no extra fees added.

What Ferratum can offer you

Ferratum offers bad credit 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 they say yes more often even if your credit score is really bad.

Quick & convenient loans for bad credit

Apply via their website from the comfort of your sofa by completing the easy online application, so there is no need to visit them in person.  Once your bad credit loan has been approved, the money will be paid into your account within 24 hours.

What Ferratum can offer you

Ferratum knows that 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. That’s why they designed different types of bad credit loans for every possible financial situation.

Opt for a secured bad credit loan

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

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.

Ferratum Product Details

  • Loan Type Loans bad credit
  • Interest Rate from 227%
  • Loan Amount up to $1,000
  • Repayment 7 days to 45 days
  • Decision 2 hours

Quick and convenient online bad credit loans

If you don’t own your own property or item that is accepted as collateral then you will need to apply for an unsecured bad credit 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 slightly higher interest fee than on a secured bad credit loan. The loan will also need to be repaid over a shorter period of time.

Here’s how you can apply:

Step 1:

Start your application by filling out their only form or by visiting one of their branches and providing them with a few personal and financial details, so that they can determine your affordability.

You will also have to give them details regarding the asset you would like to provide as collateral for the loan if you are applying for a secured bad credit loan.

Step 2:

They will process and verify your information, to see what and how much they will be able to offer you. They might ask you for additional supporting documents if the need arises.

Step 3:

They will then send you a loan offer you can sign if you are happy with their terms.

Step 4:

The money will then be transferred directly to you within hours.

Improve your credit score with the help of Ferratum

Through a bad credit loan from Ferratum, you are granted a second chance to improve your credit score and can easily do this by repaying your loan on time. They believe in giving everyone a fair go at the finance they require.

Secure the most competitive loans today 

Ferratum offers impeccable interest rates while getting you the immediate cash you urgently need fast and without hassle. They are a highly trusted and responsible lender in New Zealand with years of experience in their pocket.

Benefits of a bad credit loan with Ferratum

  • You will have the chance to improve your credit score.
  • No charges or interest fees for your first loan with them.
  • They offer world-class service and have a friendly staff component that will always look out for you.
  • No credit checks are required.
  • Secured and unsecured bad credit loan
man holding thumbs up

Ferratum is a trusted & reliable provider of loans bad credit

In our review, Ferratum adheres to the compliance criteria in accordance with Credit Contracts and Consumer Finance Act (CCCFA), where the granting the loan will not cause financial distress to the consumer.

Ferratum is a registered credit provider in New Zealand: FSP70021

Customer Reviews & Testimonials

January 2020

Such a great company, haven't had any issues so far. Long-time client and I like how fast the approval process is and that the money is always in my account within 4 hours.

Dylan W
— Queenstown —

February 2020

I love how easy, fast and affordable this company is. I've had an awesome experience each time I've used them.

Jennifer M
— Hamilton —

March 2020

Wow to think I stumbled upon you guys via a desperate Google search! Your website is so easy to navigate and use and your approval happened so fast and the money came in quick! Thanks so much for...

Kylie P
— Nelson —

September 2021

Got my first loan from them and I only repaid what I borrowed, very happy with what they offered me.

Martin C
— Upper Hutt —

November 2021

Friendly staff and very helpful as well.

Steward D
— Hastings —

March 2022

I recommend this company; they are very fast with their payouts and also not too strict when it comes to approving loans.

Clark H
— Oamaru —

Ferratum Contact Details

Physical Address

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