Fossil fuel depletion and pollution are calling for alternative, renewable energies such as biofuels. Actual challenges include the design of efficient processes and catalysts to convert various feedstocks into biofuels. Here, we review nanoferrites heterogeneous catalysts to produce biodiesel from soybean and canola oil. For that, transesterification is the main synthesis route and offers simplicity, cost-effectiveness, better process control, and high conversion yield. Catalysis with nanoferrites and composites allow to obtain yields higher than 95% conversion with less than 5.0 wt.% of catalyst loading at 80 °C in 1–2 h. More than 90% conversion yields can be achieved with a moderate alcohol/oil molar ratio, i.e., between 12:1 to 16:1. Catalyst recovery is easy due to the magnetic properties of nanoferrite, which can be effectively reused up to 4 times with less than 10% loss of catalytic efficiency.