Fernovo Loans | www.fernovo.co.uk Reviews

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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 now 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 had been of significance as you could previously receive a low 0.5% rate on the term, but unfortunately this rate has now jumped up the market cap of 0.8%. Since we last checked there has also been an URL change, having moved to www.fernovo.co.uk after previously using the dot com.

It’s a shame to see this price hike here. You could before access a 30 day £100 payday loan for just £15. The 3 month instalment charge was also competitive at £92.85 for £300. The new charges in place equate to £24 and £150.57. There is no 6 month example. They still lend amounts from £100 to £1000 to all customers. Fernovo’s NOVOQuote decision engine is built to deliver rapid responses. Whilst the opening hours are restricted between Monday and Friday, it is noted that their underwriting team operates 7 days a week. We can recall this lender having just several reviews on Trustpilot. They’ve however now got 860+ and are holding on to a 94% rating.

Company Details

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

Brand: Fernovo (aka: Fernova)

Company: Quidie Ltd

Contact (📧): customercare@fernovo.co.uk

Contact (☎): 020 3476 5171

FCA Licence: 674141

Launched: 2017

Niche: Payday, instalment

Opening Hours: Mon/Fri (8.30am-5.30pm)

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

Related Brands: Non

Site Address: www.fernovo.co.uk

Site Rank (Alexa.com Global): Unranked

Product Specs

Amounts Available: £100 to £1000 (all customers)

Late Payment Fee: £15

Manage: Yes, a Fernovo login is provided

Pricing: £24 /£100 (1m) & £150.57 /£300 (3m)

Repayment Terms: 1 to 6 months (any month between)

Review Feedback

Feefo: Not listed

Reviews: Not listed

Trustpilot: 94% (860+ count)

Rivals & Similar Lenders Like Fernovo

Fernovo’s payday loan had been the 2nd cheapest for bad credit, but now it’s like most others just sitting at the cap. For those seeking value, the cheapest deals come from Sunshine Credit: £12, Kabayan Finance: £42 /£300 [£14] and Chloe Brooke Loans: £30 /£200 [£15]. With a good score, Drafty is the best overall priced product at £5.40. Standard support hours are in place, but underwriting runs 7/7. There are still a few lenders such as Buffa and Mr Lender that open 7/7 and when using a credit line once approved you’ll be able to reloan 24/7 without any need to re-apply. This is an Alexa unranked firm and so it’s tricky to determine rivals competing at a similar level.

Last Check @ www.fernovo.co.uk: July 11th, 2021

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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