Fernovo Review and Promo Code

This lender is no longer available on AllPaydayLenders.com

The reason might be that this lender is:

- no longer funding loans
- out of business
- has not honoured its obligations with us (unpaid invoices, ...) - it's a scam

This lender is no longer available on AllPaydayLenders.com





Company NameFernovo Online Lending
Trading name of: Quidie Limited
Registration Number8110266
FCA permission674141
Representative APR: 447.50%
Maximum Loan Amount: £300

Max. Loan Term: 6 months
Representative ExampleRepresentative Example: Amount of credit: £300 over 3 months. Interest: £92.85. Interest rate: 180% pa – fixed. Three repayments of £130.95. Total amount payable: £392.85. Representative APR 447.50%
Hidden Fees: If you default on your debt, however, you will pay default interest at the same rate of 0.5% per day up to the cap described below. You will never pay back more than 100% of your original loan amount. That means if you took out a £100 loan, you will never repay more than £200 in total.

Promo Code: No
Contact020 3476 5171 / customercare@fernovo.com 



  • General information 
Fernovo is a trading name of Quidie Limited - which is also a scam !
They claim their rates are 40% lower than the market cap.

  • Loan Amount and terms 
They offer loans from £100 to £300.
You have 2 options: short term loan (i.e. payday loan) or installment loan. You can then take a loan and choose a number of instalments, from 2 to 6. 

For example, if you borrow £300 over 3 instalments, you will repay £392.85 in 3 equal repayments: £130.95 each.

They will query credit rating agencies

You cannot borrow more than twice if the last repayment was made within the last 30 days. You will have to wait to apply once more and go through the same process.


  • Application process and Eligibility 
The loan application is only online and you can apply anytime, weekends and nights included. The process is quite similar to any other direct lender and you will need:
  • A valid email address
  • A valid mobile number
  • Address information for the past 3 years
  • Bank account and debit card details
  • Income and expenditure details 
Also, before proceeding, to be eligible, you must:
  • Be a UK resident
  • Be aged 18+
  • Not be bankrupt
  • Agree to a credit check: a check will be carried out on you but you do not need a perfectly clean credit file to be approved. Many factors are taken into account.
Payout is same day direct to your bank account. Check their website for the latest funding times.

  • Repayment 
You cannot repay early online, so you will have to call 0203 476 5171.
If you default on your debt, however, you will pay default interest at the same rate of 0.5% per day up to the cap described below.

You will never pay back more than 100% of your original loan amount. That means if you took out a £100 loan, you will never repay more than £200 in total.

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