Quick loans
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.
Quick loans
If you need access to quick cash to cover a one-off emergency expense, a quick loan may be able to help. You could borrow up to £800 as a new customer or £1500 as an existing customer today, subject to passing our application and checks.
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.
What are quick loans?
Quick loans are another name for payday loans, which you borrow once, and then repay over a limited number of instalments until the loan is cleared. Quick loans can be in your bank on the same day that you apply, provided you are approved for the loan and pass all our credit checks. Moneyboat quick loan can be a fast, simple way to get your hands on the cash you need to meet unexpected costs. Our interest rates are competitive, and we’ll always lend responsibly. Quick loans are not suitable for everyone, and looking into payday loan alternatives is a good idea if you’re not certain you will meet the payday loan criteria we are required to check.
Repay in instalments
We don’t ask that you repay in one lump sum. Instead, choose to repay over a number of monthly instalments that work for you and your finances.
We’re approachable
Our lending team is here to help you access the quick loans you need. We’re not here to judge or condescend.
We’re responsible
Everyone here at Moneyboat values our reputation for being responsible lenders. Our award-winning approach to lending offers competitive rates and outstanding customer service for our valued borrowers.
Borrow between £200 and £1,500
Our flexible loan amounts allow you the freedom to borrow just the right amount for your needs.
Flexible lending criteria
We’ll always check if you can afford repayment, but we’ll take a human approach to making lending decisions.
Competitive rates
We charge daily interest at just 0.79%, which is lower than the FCA-imposed industry cap of 0.8% per day. We won’t charge you hidden fees and we’re always up front about the cost of your loan.
Simple
Apply for a loan hassle-free with an easy application process.
Direct
Get the money you need sent directly to your bank.
Fast
Funding can be released to our approved customers within 15 minutes.*
Reliable
Free application process with transparent borrowing charges.
Why you should get your quick loan from Moneyboat
We provide access to quick loans that can give you back your freedom and peace of mind. If you struggle to get credit from your bank, don’t worry. We work with our customers to help them access credit that is affordable and flexible. Everyone here at Moneyboat values our reputation for being responsible lenders. Our award-winning approach to lending offers competitive rates and outstanding customer service for our valued borrowers.
You can repay over up to six months and new customers can borrow anything from £200 to £800, while returning customers can borrow up to £1,500. You won’t be asked to repay the entire amount in one lump sum, as we know this stretches borrowers too far. We charge daily interest at just 0.79% (representative APR 1,267.9%), which is lower than the FCA-imposed industry cap of 0.8% per day. We won’t charge you hidden fees and we’re always up front about the cost of your loan.
We’re responsible lenders and we’ll always run credit and affordability checks before offering you cash. Don’t have a perfect credit record? That doesn’t have to be a problem. Our favourable minimum lending criteria mean that you may be able to access quick loans through Moneyboat.
How do I apply for a quick loan from Moneyboat?
Click on the “Apply Now” button and fill in our free and easy, online application form.
We'll then carry out credit and affordability checks.
Approval: Sign and send back your loan agreement which will be sent to you via email subject to approval.
Funding: Receive your cash directly into your UK bank account
Trusted Direct Lender
We directly lend payday loans to our customers without involving any brokers.
Multiple Borrowing Options
Approved new customers could borrow £200-£800, and existing customers could borrow up to £1,500 upon passing credit and affordability checks.
No Guarantor Needed
You don't need a guarantor to apply for our payday loan, as we provide an affordable loan solution based on your financial requirements.
Friendly Advisors
Our experienced team is here to help you with any questions you may have throughout the application process.
Moneyboat's service is rated Excellent
Representative Example
Based on the last working day of each month
Interest rate 288.35% pa (fixed) Representative 1,267.9% APR
Borrow | Payback Period | Monthly Repayments | Total |
|---|---|---|---|
£400 | 4 months | £156.09 | £624.34 |
Warning: Late repayments can cause you serious money problems. For help, go to www.moneyhelper.org.uk.
Quick loans FAQs
What are quick loan 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 income of £1,000 per month
You must hold a UK bank account and debit card
What are the advantages of quick loans?
Applying for a quick loan can be quick and easy and done online.
Once you are approved, you can often have the money in your account within hours or even minutes of approval.
Quick loan repayments can be spread over a number of instalments to suit you, and you can borrow any amount between £200 and £1,500.
We consider lending to people who have been rejected for bank loans and credit cards, provided they meet our lending criteria.
What are quick loan disadvantages?
Quick loans can be convenient and relatively easy to get. As a result, they are also more expensive than some other types of credit.
Interest rates can be high, withcharges and fees often added for late a payment.
Quick loan lenders also tend to offer smaller loan values than banks and other personal loan providers who allow repayment over a longer period of time. Therefore, a quick loan might not be suitable for you if you need to access more than £1,500.
How many quick loans can you have at once?
You can sometimes take out more than one quick loan at the same time, particularly if you borrow through several different lenders. However, it’s not wise to build up debt in this way, as taking out more than one loan can make it difficult to meet your repayment responsibilities. We’ll check what other loans you have linked to your bank account before we agree to lend you money as part of our responsible lending procedure.
Why can't I get a quick loan?
If you have been turned down for a quick loan online, it may be because you have significant issues on your credit record, such as CCJs or bankruptcy. If you have a history of defaulting on loans, this may work against you when applying for further credit. Alternatively, you may not meet a lender’s minimum lending criteria. You will also not be able to get a quick loan when on benefits or if monthly NET income of below£1,000.
Quick loans and debt
Where can I get free financial advice?
Your bank can offer you information and support, but financial organisations aren’t always objective in their opinions. For financial advice, it’s better to consult an independent charity or organisation, such as those listed below.
If you are struggling with your finances or not sure where to start, there are many options offering free advice. Below companies are authorised by the FCA and offer free financial advice:
MoneyHelper: Government service offering free financial advice by chat, WhatsApp or phone
National Debtline: Free and independent debt advice by phone or chat
FinancialAdvice.co.uk: Free debt advice by phone
StepChange: Free debt advice by app or phone
Shelter: Free advice on debt, housing and healthcare by phone and chat
Other resources for help with debt:
How can I make a complaint?
Please take a look at our Complaints Procedure page or contact our friendly customer support by mail or phone.
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.
*Our guide to financial promotions: https://www.moneyboat.co.uk/financial-promotions-info/