How much will it Cost?

Ferratum offers short term payday loans from $500 to $1900* to be repaid over terms of 3 months to 12 months. We are direct about what your short term loan will cost and will not charge any hidden fees, all fees and charges are 20% establishment fee and a 4% per month account keeping fee.


Loan amount

Loan term

Weekly Repayment: $66.50
APR: $66.50
Minimum term: 12 months
Maximum term: 12 months
Installment Amount: 12 months
Loan Amount: 12 months
Total Amount Repayable: 12 months
Total Fees: 12 months

Collections Fees

In the event that you default or reschedule your repayments, some additinal fees may be applied. Refer to your contract to find what fees will apply if you fail to make an agreed payement. 

*Loan Amount may vary depending on previous loan history with Ferratum

What are the charges?

The repayment fees are set in accordance with Australian Government regulations and are calculated depending on your loan amount.

Due to their short term nature, cash loans (microloans) have a much higher effective interest rate than you may have seen in other types of loans. Don't panic about this!
The effective interest rate is a measure of the total loan cost if you were to take the loan out over one year and expressed as a percentage (Annual Percentage Rate, or APR).
As our loans are for short-term assistance the actual interest rate is not this high.

WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Credit fees and charges apply.

Warning about Borrowing