Short-term loans made easy

Looking for an easy loan to apply for? Moneyboat’s application process is quick and simple, ensuring that you don’t have to spend too long to get the support you want.

Representative Example: Borrow £400 for 4 months: 3 monthly repayments of £156.09 followed by a final repayment of £156.07. Total repayment £624.34. Interest rate p.a. (fixed) 288.35%. Representative APR 1,267.9%.  Compare Moneyboat loans.

Warning: Late repayments can cause you serious money problems. For help, go to www.moneyhelper.org.uk.

Are short-term loans easy to apply for?

Short term loans could be described as easy because the application is pretty quick, meaning you can get access to the funds you need, sometimes even on the same day.

Moneyboat’s short term loan has a very easy loan application process, which makes it quick and simple for you to get the money you need for emergencies.

Representative Example: Borrow £400 for 4 months: 3 monthly repayments of £156.09 followed by a final repayment of £156.07. Total repayment £624.34. Interest rate p.a. (fixed) 288.35%. Representative APR 1,267.9%.  Compare Moneyboat loans.

Warning: Late repayments can cause you serious money problems. For help, go to www.moneyhelper.org.uk.

How easy is it to apply for a Moneyboat loan?

Our short-term loan product has a very simple application process, so you can apply for money you need to cover any emergency situations in minutes. While we can’t guarantee approval for all our loans, we do consider every application on an individual basis, so you can hear back pretty quickly if you’ve been accepted.

Short term loans may not be the ideal solution for everyone, however. That's why we’re happy to discuss loan alternative options you could consider, such as personal loans or credit cards. These alternatives may offer better terms and lower interest rates, and our team can provide further information to help you make an informed decision.

FAQs

What are the advantages of a short-term loan?

• Quick access to cash for unexpected expenses like car repairs, with fast deposits when approved.

• Applying online is simple and quick, and you don't need to offer valuable assets as collateral.

• Fill in the gaps when you're short on savings or need extra cash for emergencies.

• Pay back the loan over a few months instead of all at once, which can ease financial pressure.

• You can get short-term loans even without an overdraft or credit card.
  

What are easy short-term loan disadvantages?

• These loans usually have a limit, often around £1,500. If you need more money, you'll have to look at other, more intensive options.

• To qualify, you need a steady income and a UK bank account. If you don't meet these requirements, you might not get approved.

• You can expect higher interest rates, which can make short-term loans more expensive compared to other types of borrowing.

• Even though there are rules to limit debt from short-term loans, the interest rates can still be quite high.

What is Moneyboat’s lending criteria?

• You must be at least 18 years old

• You must be in full or part-time employment

• You must receive a minimum NET pay of £1,000 per month

• You must be a holder of a UK bank account and debit card

It’s also worth noting that all Moneyboat applicant approvals are subject to a successful credit check.

Representative Example

Based on the last working day of each month

Interest rate 288.35% pa (fixed) Representative 1,267.9% APR

Warning: Late repayments can cause you serious money problems. For help, go to www.moneyhelper.org.uk.

Representative Example: Borrow £400 for 4 months: 3 monthly repayments of £156.09 followed by a final repayment of £156.07. Total repayment £624.34. Interest rate p.a. (fixed) 288.35%. Representative APR 1,267.9%.  Compare Moneyboat loans.

Warning: Late repayments can cause you serious money problems. For help, go to www.moneyhelper.org.uk.

*Our guide to financial promotions: https://www.moneyboat.co.uk/fi...