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Rated 3 out of 5 stars

Had to wait 3-4 months for a re-loan even though system error didn't debit my account, it was considerate that I defaulted on my loan payment. Never have missed a payment. A missed payment not... See more

Company replied

Rated 3 out of 5 stars

This company would be 5 stars if it did not take so long for them to “receive” payments. I find myself getting worried and constantly checking when it comes down to my last payment to make sure it has... See more

Company replied

Rated 4 out of 5 stars

Communication wasn't the most clear on their part, and I wound up becoming very anxious about late fees, because I couldn't get clear answers. Otherwise, it's a good enough service. The reps, while... See more

Company replied

Company details

  1. Non-Bank Financial Service
  2. also in
  3. Bank
  4. Financial Institution
  5. Money Transfer Service

Information provided by various external sources

Ferratum is an international provider of mobile consumer loans. As a pioneer in the field of financial technology and mobile lending, we have expanded our operations to 27 countries since 2005. At Ferratum, our mission is simple – to provide the best, fastest, and most user-friendly lending and banking services available with unsurpassed personal customer service. In Canada we started this mission in 2015, and continue to invest and improve to serve our customers better. To date we have served tens of thousands of happy Ferratum Family members.


Contact info

3.0

Average

TrustScore 3 out of 5

215 reviews

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3.0

All reviews

(215)

0 reviews in the last 12 months

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Companies on Trustpilot aren't allowed to offer incentives or pay to hide reviews. Reviews are the opinions of individual users and not of Trustpilot. Read more

Rated 2 out of 5 stars

Took over a week to get my money I had …

Took over a week to get my money I had applied for. After several email correspondences, the money was wired to the wrong account number twice after I had initially had specific information about the number.

13 July 2017
Unprompted review
Ferratum Canada logo

Reply from Ferratum Canada

Hi there. I'm sorry to read about the experience you had with receiving your loan. I want to ensure you that we're reviewing your case internally and will improve this process based on your feedback.

We're always working hard to make sure our customers get their funds fast, and efficient.

Again, apologies about this not so great experience, and I hope you'll give Ferratum a try again in the future.

Ferratum Customer Care.

Rated 4 out of 5 stars

Great loan company

Great loan company, but it needs to expand the loan products it can deliver. If longer term loans were offered it would be 5 stars because the application process is simple and effective, the delivery of funds fast.
Rate me a fan of Ferratum.

13 July 2017
Unprompted review
Ferratum Canada logo

Reply from Ferratum Canada

Hi Paul, thanks for the valued information. Currently we're exploring ways to implement new loan products for our customers in the coming months, and hope you'll return to experience these changes we've been working hard on.

We're also a fan of Paul, too! :-)

Thanks for being a member of the Ferratum Family.

Ferratum Customer Care.

Rated 5 out of 5 stars

I've had a few loans from Ferratum and …

I've had a few loans from Ferratum and to be honest, the service has improved a lot over time. If I apply outside of normal business hours, by 6 a.m. the next morning I have my approval and money by that evening. The added bonus is if you ask, they will allow you to pay the entire loan back 45 days later.

13 July 2017
Unprompted review
Ferratum Canada logo

Reply from Ferratum Canada

Hi Alice,

Thanks so much for the great review. We're glad the improvements we've been working hard on are getting noticed.

Thanks for being a member of the Ferratum Family. Have a great day!

Ferratum Customer Care.

Rated 5 out of 5 stars

I have tried many payday loan …

I have tried many payday loan companies..all good experiences, but this company goes above and beyond expectation...my initial approval took a whole ten minutes..now reloans are done in less than five..deposit by the end of the day...I HIGHLY recommend Ferratum to anybody looking for a fair, honest, and very reputable company for payday loans..Dont look any further than Ferratum..the rest, do not simply compare

13 July 2017
Unprompted review
Ferratum Canada logo

Reply from Ferratum Canada

Hi Stephany,

Thanks so much for the kind review! We're glad the improvements we've been working hard on are getting noticed. We're glad you're a member of the Ferratum Family and hope to see you back soon.

Have a great day!

Ferratum Customer Care.

Rated 5 out of 5 stars

Yes I’m writing to let you know how …

Yes I’m writing to let you know how much appreciate the Outstanding customer service that your stuff provided me with chat support yesterday.
Thanks
Aziz

13 July 2017
Unprompted review
Ferratum Canada logo

Reply from Ferratum Canada

Hi Aziz, thanks for your kind review. We're always improving our customer service experience and greatly value your input.

Thanks for being a member of the Ferratum Family.

Ferratum Customer Care.

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