Update (Feb 2020):
Comparison listings are currently being updated.
Fernovo Loans | www.fernovo.com Reviews
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.
Address: Marco Polo House, 3-5 Lansdowne Road, Croydon, CR0 2BX
Brand: Fernovo (aka: Fernova)
Company: Quidie Ltd
Contact (📧): firstname.lastname@example.org
Contact (☎): 0203 476 5171
FCA Licence: 674141
Niche: Payday, instalment
Opening Hours: Mon/Fri (9am-6pm)
*Underwriting team operates 7/7 (9am-9pm)
Related Brands: Non
Site Address: www.fernovo.com
Site Rank (Alexa.com Global): Unranked
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
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. Fund Ourselves (was 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: February 13th, 2020
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Really good company - excellent rates and really quick and easy service. Got my money really fast and they were very helpful
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???
Totally useless.Try to take more than the contracted amount yhen decline the next application. Use any other lender but AVOID THESE LIARS