A 3 month loan is credit provided over a fixed short-term period. They are designed to be repaid in equal monthly instalments, including a fixed interest rate. They are usually for smaller amounts of money than a mortgage or long-term loan, typically between £200 and £800, or £1,500 for returning customers. These loans can be a manageable alternative for those who need to meet an unexpected expense and are looking to spread the cost of borrowing.

Our simple 3 month loan online application form takes just a few minutes to complete and the funds will usually be provided quickly upon approval. If your application and credit check is successful, you’ll be sent a loan agreement via email. Signing this confirms that you agree to our lending terms and are ready to receive the cash directly into your account.

Before applying for a 3 month loan from Moneyboat, it’s important to check that you meet our minimum lending requirements. To be eligible for a loan you must:

• Hold a UK bank account and debit card
• Be in full or part-time employment
• Be at least 18 years old
• Have a minimum NET pay of £1000 per month.

Application is free and approval is subject to a successful credit and affordability check.

Before applying for a loan, it’s important to evaluate your financial situation to ensure you can comfortably meet the monthly repayments. Our interest rates are considerably lower than the maximum amount allowed by the FCA and we don’t charge any hidden fees. Throughout the loan period, all you’ll pay is the agreed repayment instalments and a fixed interest rate of 0.79% per day. You can make an early repayment without penalty and call us to postpone a payment if required.

A 3 month loan is often a more manageable alternative to other forms of lending and can help you protect your credit rating from unauthorised overdrafts or outstanding credit card fees. They can be a useful solution for a temporary financial shortfall, or to meet an unexpected expense. Our friendly team are on hand to answer any queries you may have to ensure you’re well informed at all times.

New customers can borrow from £200 to £800. Instant 3 month loans are repayable over a minimum term of two instalments (could be weekly or monthly, depending on the date of the borrower’s payday) and a maximum of six months. This means that if you take out one of our loans, you don’t have to repay the entire balance of your loan on your next payday. The minimum duration for the first instalment is five days. Existing customers can borrow up to £1,500, subject to passing our credit and affordability checks. We do not require full repayment of our loans in 60 days, but customers may pay back their loans early with no penalties or fees. The interest charged on our loans is 0.79% per day (representative APR 1,267.9%) and is only calculated on the outstanding capital balance at any given time.