The recently-turned 20-year-old signed for York City from Garforth Town in September.
He has made seven appearances off the bench this season, with his debut coming away at Aldershot Town.
Two of those include run-outs in the Isuzu FA Trophy, most recently away at Gainsborough Trinity, where Fadera played 65 minutes.
The winger joins the Iron ahead of their trip to Chorley this Saturday in the National League North.
Scunthorpe currently sit fourth in the table, two points behind leaders Kidderminster.
David Ajiboye has returned to Peterborough United following the conclusion of his loan spell at York City.
Rochdale vs York City rearranged for Tuesday 25th March
York Knights have added outside back, Mac Walsh to their squad for 2025!
Darragh O'Connor joins Falkirk on loan for remainder of the season
