Fernovo Loans UK Reviews, How to Apply, Loan Top up

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Fernovo Loans is a financial service that provides personal loans to individuals across the UK. This guide aims to give a comprehensive view of Fernovo, answering key questions about its legitimacy, operational model, and application process.

Is Fernovo a Direct Lender or a Broker?

Fernovo operates as a direct lender. This means they provide loans directly to consumers without the use of intermediaries or brokers.

As a direct lender, Fernovo has the advantage of full control over the loan process, from application to approval to fund disbursement.

Is Fernovo Loan Legit?

Yes, Fernovo is a legitimate company. They are authorized and regulated by the Financial Conduct Authority (FCA) in the UK, ensuring that they follow strict regulations and guidelines designed to protect consumers.

It’s always important to verify a lender’s FCA registration to confirm its legitimacy.

How to Apply for a Fernovo Loan

Applying for a Fernovo loan is a straightforward process:

  1. Online Application: Begin by visiting the Fernovo website and selecting the ‘Apply Now’ option. Enter your personal information, the amount you wish to borrow, and your preferred repayment term.
  2. Decision: Fernovo will assess your application and give a decision. This typically happens within minutes, thanks to their automated decision-making process.
  3. Fund Disbursement: If approved, the funds can be transferred to your bank account within 15 minutes.

Fernovo Loan Top Up

After accepting the terms and receiving the loan amount from Fernovo, adjustments to the loan sum are not possible. The agreed loan amount must be entirely repaid before any new loan applications can be considered.

When you’ve settled your current loan, you have the option to apply for a different loan amount. However, remember that approval is not guaranteed.

Each application is thoroughly evaluated by our underwriting team to ensure that the loan is affordable for you.


Fernovo Loans Reviews has been quite diverse. A segment of customers commend the company for its expedient and straightforward application procedure, along with its competitive interest rates.

Conversely, other clients have expressed dissatisfaction regarding the steep interest rates and fees tied to Fernovo’s loans.

“While I appreciate Fernovo’s quick application process, the interest rates were quite high. This might not be the best choice if you’re looking for a long-term solution.” – Mark Roberts

“Fernovo was a lifesaver when I needed cash urgently. Even though the interest rate was higher than a traditional loan, it was worth it for the speed and ease of the process.” – Emily Taylor

“My experience with Fernovo was excellent. Despite having bad credit, I was approved for a loan quickly. The high interest and fees were a drawback, but in my case, the convenience outweighed these.” – Thomas Williams

“It’s a bit of a double-edged sword with Fernovo. On one hand, their quick approval and flexible repayment terms were a blessing in my financial emergency. On the other hand, the high interest rates and fees are something to watch out for. Make sure you fully understand the terms.” – Sarah Brown


Q: What are the eligibility requirements for a Fernovo loan?

A: To be eligible for a Fernovo loan, you must be at least 18 years old, be a UK resident, have a regular source of income, and have a valid bank account.

Q: What if I can’t make a repayment?

A: If you’re unable to make a scheduled repayment, it’s essential to contact Fernovo’s customer service team as soon as possible. They can work with you to find a solution, potentially adjusting your repayment plan.

Q: Can I repay my Fernovo loan early?

A: Yes, Fernovo allows early repayments without any extra fees. Repaying early can also reduce the total interest you pay on the loan.


Fernovo Loans offers a convenient and reliable lending service. As a direct lender, they offer quick decisions and fund disbursements, making them a viable option for those in need of fast financial assistance.

Fernovo appears to cater well to those in need of quick financial aid, especially those with bad credit. However, it’s crucial to read all the terms and conditions before taking out a loan with Fernovo or any other lender

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About the Author: Femi Olawole

Femi Olawole is a seasoned blogger with interest on providing helpful Contents on online loan apps, Tech and Business.

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