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Fernovo Loans | www.fernovo.com Reviews

Fernovo Loans

About Fernovo Loans

Fernovo was launched not too long back in 2017. The owner had already been trading through the Quidie Online Lending brand since 2015. This older company has recently been closed. All visits there at (www.quidie.com) will quickly redirect you across. The key difference between the pair was that Quidie’s product started from 2 months onwards, whereas you can opt for a payday loan here. This is important as it is at this term where they are highly competitive. With interest at just 0.5% daily this means that a £100 monthly loan costs just £15. This is a notable improvement on the FCA’s cap of 0.8% (£24) that is what many lenders opt to stick exactly on.

Fernovo’s 3 month charge at £92.85 for £300 is the 3rd best subprime deal available. Their 6 month charge is competitive, yet doesn’t hit the top 5. This lender has valued expertise in technology that has lead to their NOVOQuote decision engine to deliver rapid responses. Whilst the opening hours are restricted between working day hours of 9am to 6pm, it is listed that their underwriting team operates 7 days a week between 9am and 9pm that is good to see. Due to the freshness and lack of web popularity this firm hasn’t attracted any feedback on review sites that just makes it tricky to determine how well their service is being received on the market.

Company Details

Address: Marco Polo House, 3-5 Lansdowne Road, Croydon, CR0 2BX

Brand: Fernovo (aka: Fernova)

Company: Quidie Ltd

Contact (📧): customercare@fernovo.com

Contact (☎): 0203 476 5171

FCA Licence: 674141

Launched: 2017

Niche: Payday, instalment

Opening Hours: Mon/Fri (9am-6pm)

*Underwriting team operates 7/7 (9am-9pm)

Related Brands: Quidie Online Lending

Site Address: www.fernovo.com

Site Rank (Alexa UK): Unranked | 1.9m (global)

Product Specs

Amounts Available: £100 to £1000

Late Payment Fee: £15

Login Provided: Yes

Pricing: £15 /£100 (1m) & £92.85 /£300 (3m) & £172.98 /£300 (6m)

Repayment Terms: 1 to 6 months

Review Feedback

Feefo: Not listed

Reviews: Not listed

Trustpilot: Less than 10 feedback

Rivals & Similar Lenders Like Fernovo

Fernovo’s payday loan is the 2nd cheapest bad credit short term loan available. Their competitive £15 deal is only beaten by Sunshine Credit who drop down to £12. WeLendUs sits behind this pair at £17.95. With a good score, Drafty is the best overall priced product at £5.40. If you were to consider their 3 month term then they’d be able to pass on the 3rd cheapest sector deal at £92.85 per £300. They are beaten here by Anico Finance at £73.50 alongside Quick Loan Shop who charge £152.28 for £600 that splits as £76.14 (if £300 was available). This lender’s closest matched rival is Cash Asap. They are a good flexible alternative for shorter terms.

Last Check @ www.fernovo.com: June 19th, 2019

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www.fernovo.com Reviews
Average rating:  
 3 reviews
by Sandra on www.fernovo.com Reviews

Really good company - excellent rates and really quick and easy service. Got my money really fast and they were very helpful

by nittia wajib on www.fernovo.com Reviews

great company ,responsible lenders,declined me when they should and approved correctly! they charge the lowest interest 0.5% daily!!!

is there anything more important???

by Paul on www.fernovo.com Reviews

Totally useless.Try to take more than the contracted amount yhen decline the next application. Use any other lender but AVOID THESE LIARS

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