How quickly is my loan paid out?
Once your loan has been approved, the loan amount is paid directly into your bank account. You will receive a text message from us confirming that we have paid it into your nominated account.
For all major Australian banks, this can occur in minutes. After 4pm AEST or outside normal office hours, your bank may delay the payment until the next business day. Please check the processing times of your nominated financial institution before you apply for a loan with Ferratum Australia.
Note: bank transfers can only be made between 9am and 5pm Australian Eastern Time. Outside of these hours, the payment will be processed next business day.