How much will it Cost?

Ferratum offers short term payday loans from $500 to $1900* to be repaid over terms of 3 months to 6 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.

Rates Table

 
Plus Loan Lite Repayable Amount
Loan Amount Establishment Fee Monthly Fee 3 Months 4 Months 5 Months 6 Months
$500 20% 4% $660 $680 $700 $720
$600 20% 4% $792 $816 $840 $864
$700 20% 4% $924 $952 $980 $1008
$800 20% 4% $1056 $1088 $1120 $1152
$900 20% 4% $1188 $1224 $1260 $1296
$1000 20% 4% $1320 $1360 $1400 $1440
$1100 20% 4% $1452 $1496 $1540 $1584
$1200 20% 4% $1584 $1632 $1680 $1728
$1300 20% 4% $1716 $1768 $1820 $1872
$1400 20% 4% $1848 $1904 $1960 $2016
$1500 20% 4% $1980 $2040 $2100 $2160
$1600 20% 4% $2112 $2176 $2240 $2304
$1700 20% 4% $2244 $2312 $2380 $2448
$1800 20% 4% $2376 $2448 $2520 $2592
$1900 20% 4% $2508 $2584 $2660 $2736

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.

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