Ferratum – loan application
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Notice: This service is no longer available
Ferratum Nigeria has ceased operations in the country. The global brand has since rebranded to Multitude Bank, but Nigerian consumer lending services are no longer available through this platform. We recommend comparing alternative lenders below.
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Screenshot of https://www.ferratum.ng, operated by: Bidellus Nigeria Limited, used under legitimate licence.
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Ferratum – repayment table
Estimated monthly repayments at 4.00% monthly interest. Actual terms confirmed upon approval.
| Amount \ Term | 1 months |
|---|---|
| ₦10,000 | ₦10,400 |
Representative example
Loan amount
₦5,500
Repayment term
1 months
Monthly interest
4.00%
Monthly repayment
₦5,720
Total interest costs
₦220
Total amount payable
₦5,720
* Example is for illustration only. Actual terms are confirmed upon loan approval.
Quick overview
Loan amount
₦1K – ₦10K
Term
1 – 1 months
Interest from
4.00%
Approval
5 minutes
Age
18+ years
Online application
Yes
Requirements
- ✓ Must be 18 years or above
- ✓ Must live and work in Lagos State
- ✓ Must be employed or self-employed with monthly income
Loan features
- Online loans up to ₦10,000
- Term 14 days
- Approval in 5 minutes