Ferratum review

Updated September 29, 2026 · BorrowCue Editorial Team · Facts checked September 29, 2026

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Our verdict

Multitude suits you if you want a flexible credit line from a direct lender with same day payout and clear illustration of total cost. Credit limits run SEK 10,000 to SEK 50,000 with pricing at 30.31% to 57.26%, alongside help centre guidance while you manage draws and repayments over time.

Key facts

Best for
Flexible credit line for planned draws with same day payout
APR
30.31% to 57.26% (Source, checked September 29, 2026)
Loan amount
SEK 10,000 to SEK 50,000 (Source, checked September 29, 2026)
Arrangement fee
565 SEK (Source, checked September 29, 2026)
Funding time
Within one banking day (Source, checked September 29, 2026)
Representative example
SEK 23000 Ferratum Credit over 12 months at 37.68% effective, total SEK 27013.83 (Source, checked September 29, 2026)
Rate type
Variable (Source, checked September 29, 2026)
Lender type
Direct lender (Source, checked September 29, 2026)
Free early repayment
Yes (Source, checked September 29, 2026)
Eligibility
21+ years, resident in Sweden (Source, checked September 29, 2026)
Loan types
Credit-line (Source, checked September 29, 2026)
Features
Credit line, Same-day funding
Official website
multitude.com

Pros and cons

Pros

  • Flexible draws within SEK 10,000 to SEK 50,000 suit phased home or personal spending
  • Funding Within one banking day helps when you face tight timing for bills
  • Direct relationship via direct lender keeps terms and payments in a single place
  • Repay early without added charge, unlike some rivals such as Vivus

Cons

  • Variable pricing via variable means your cost can move during the draw period variable
  • Support runs on help centre only, which may feel narrow if you prefer voice contact help centre
  • Credit size stays within SEK 10,000 to SEK 50,000, so larger plans may need a different lender SEK 10,000 to SEK 50,000
Ferratum

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Scored 9.1 / 10 by BorrowCue.

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Who it suits

  • Borrowers in Sweden seeking flexible draws within SEK 10,000 to SEK 50,000 rather than a lump sum
  • Borrowers comfortable with variable pricing and payout Within one banking day
  • Borrowers happy with help centre care via help centre instead of branch visits

Who should look elsewhere

  • Borrowers wanting card revolving credit may prefer AXI Card Tarjeta y Credito over credit line
  • Borrowers wanting broader contact options beyond help centre may prefer Qonto
  • Borrowers wanting fixed pricing rather than variable may prefer Vivus for steadier planning

Safety and regulation

Multitude provides its Swedish Ferratum Credit as a direct lender relationship, described by direct lender. That means the firm that assesses your request also provides the funds and manages repayment, rather than passing you to a separate funder. For you as a borrower, the path for queries and payments stays with a single party, which can make it easier to track what was agreed and what remains due. The product page also publishes an illustration of total cost for a sample draw. That illustration is written in plain terms without figures here, yet it helps you see how drawn funds, charges over time and the repayment pattern combine. You should read that illustration slowly, noting that variable pricing can alter the outcome if market terms shift while your balance remains open. As you compare credit lines, focus on how the illustration aligns with your own draw pattern. A small draw repaid promptly behaves very differently from repeated draws held across many billing cycles. The direct lender setup linked to direct lender lets you raise questions about that illustration with the same firm that would collect payment, which keeps responsibility clear from application through to final settlement.

Rates and costs

Pricing for this credit line is shown as 30.31% to 57.26%, which reflects the yearly cost of drawn credit including regular charges. Because pricing follows variable referenced through the rate structure, your charge can move over time rather than staying locked for the full draw period. That variability rewards prompt repayment and careful planning of each draw, while extended balances may cost more than initially expected. An added setup charge of 565 SEK applies when credit is arranged. You should add that charge to your mental tally of total cost, especially for modest draws where fixed charges carry greater weight relative to the sum received. The published illustration shows how a sample draw builds into a total payable figure, combining drawn funds with charges over the sample term. Use that illustration as a template, then adjust for your own draw size and repayment pace. You may repay early without added charge, which gives you a useful lever to curb total cost. If spare funds arrive, reducing the balance promptly limits the period over which variable charges accrue. Taken together, 30.31% to 57.26% plus 565 SEK and the sample illustration give you a practical basis to judge affordability before you draw.

Who runs it

The operator behind this offer is Multitude AG, with its base noted as CH. That corporate identity appears across official documents and helps you confirm exactly which firm stands behind the credit agreement you would sign. Knowing the legal entity matters when you store contracts, raise queries or check company background, since all rights and duties flow from that named party. The Swedish credit line builds on a presence dating to 2005, giving the brand a long record in small ticket consumer credit. Over that period the offer has centred on accessible online applications, clear draw mechanics and account management through digital channels. That history does not promise approval, yet it provides context on how the product has evolved alongside borrower needs and digital service norms. Day to day help is provided through help centre. You can browse guides on draws, statements, charges and repayments at your own pace, which suits borrowers who prefer reading and self service over waiting in queues. When you need tailored help, use the help centre route linked to help centre and keep your agreement number ready. The combination of Multitude AG, base in Switzerland, roots since 2005 and care via help centre defines how the firm presents itself and supports you.

How Ferratum compares

Frequently asked questions

What does Multitude credit cost in total+

You can draw within SEK 10,000 to SEK 50,000 and pricing sits at 30.31% to 57.26%. A published illustration shows total cost for a sample draw, and an added setup charge of 565 SEK applies. Always review the illustration alongside your planned repayment pattern before you proceed.

Can you repay early without added charge+

Yes, early repayment without added charge is allowed. That option lets you reduce the balance when funds allow and limit the period over which variable charges accrue. Check your account view for the current payoff figure tied to variable before you send payment.

Is Multitude a direct lender and how fast is payout+

Multitude acts as direct lender, so you deal directly with the firm that provides the credit line. Funds arrive Within one banking day, which helps when timing matters. Keep copies of terms and messages from help centre for your records.

How does the credit line structure work+

Access is through credit line rather than instalment loans with fixed schedules. You draw as needed within SEK 10,000 to SEK 50,000 and repay in line with variable pricing at 30.31% to 57.26%. This structure suits phased spending where the timing of each draw varies.

Who can apply for this credit line+

Applicants are adults resident in Sweden subject to a minimum age under 21+ years, resident in Sweden. You will need to meet residence and credit checks for credit line. If you live outside Sweden or seek joint borrowing, Qonto or Vivus may merit a look.

How do you get help with your account+

Contact is through help centre, where guides explain draws, charges and repayments. The legal operator is Multitude AG, based in Switzerland. For account specific queries, use the help centre thread so advice stays linked to your file.

Are there setup fees or added charges+

The setup charge is 565 SEK and pricing is shown as 30.31% to 57.26%. The sample illustration clarifies how charges build over time. Compare that illustration with Vivus at 44.5% and AXI Card Tarjeta y Credito at 21.59% when you weigh options.

Sources

  • ferratum.se checked September 29, 2026

    Backs: Funding time

    “With approved application you have money within one banking day for Ferratum Credit”

  • ferratum.se/credit checked September 29, 2026

    Backs: Eligibility, Free early repayment, Lender type, Loan types, Rate type, Representative example

    “You must be at least 21 years and registered in Sweden for Ferratum flexible credit”

  • ferratum.se/prislista checked September 29, 2026

    Backs: Loan amount, APR, Arrangement fee

    “Effective rate on 10,000 SEK and on 50,000 SEK in Ferratum Credit price list”

  • multitude.com/our-growth-stories/ferratum checked September 29, 2026

    Backs: Features

    “customers can have funds within minutes for Ferratum CreditLimit”

Compiled from 4 source pages, checked September 29, 2026. We did not open an account.

Not confirmed yet: Term, Credit check.

Ferratum

Ferratum

Flexible credit line for planned draws with same day payout

9.1/10Visit

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