Payday feels far away? Let our loans support you until then
How much do you want to borrow?
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.
Important: Moneyboat provides a flexible short-term loan. Although these loans are widely recognised and often searched for by our customers as 'payday loans,' our focus is on providing clear and accessible financial options that meet your needs.
Moneyboat's service is rated Excellent
Short-term payday loans with flexible repayments, no hidden fees
At Moneyboat, we offer fast and flexible short-term loans with clear terms and no hidden fees.
- Borrow £200 to £1,500 in as little as 15 minutes once approved
- Spread repayments over 2 to 6 months
- Loans up to £800 available for new customers and up to £1,500 for returning customers
Find out more about our product.
See our loan charges page and our FAQs for further information.
As a trusted UK direct lender, we consider all applications fairly, looking at multiple factors beyond just your credit score. That means even if you’ve been declined elsewhere, you may still be eligible.
How payday loans work
Apply today with this simple 4-step process:
1. Apply
Fill out our quick online form – it’s free to apply
2. Credit and affordability check
We run checks to ensure the loan is right for you
3. Approval
Get a quick decision – if approved, review and sign your agreement online
4. Funding
Once approved, we aim to transfer funds quickly – often within minutes
Why choose Moneyboat for your loan?
A direct lender you can trust
We’re not a broker – we lend directly, meaning no extra fees or third-party involvement. From application to repayment, we handle everything, ensuring a smooth and transparent process.
Quick decisions & fast funding
Once approved, funds could be in your bank within 15 minutes. No long waits, just fast access to cash when you need it. Learn more about our 15-minute funding terms and conditions.
In line with our responsible lending and fair borrowing practices, we follow strict affordability checks. This ensures that loans are manageable for our customers and that borrowing remains transparent and fair.
No hidden fees
Our short-term loans have a clear and competitive daily interest rate of 0.79% – with no hidden charges. See how we compare.
Flexible payment terms
We won’t ask for full repayment by your next payday. Spread repayments over 2 to 6
Rated excellent by customers
Thousands of customers trust Moneyboat for fast and flexible short-term loans.
Here's what our customers have to say...
Who is eligible for a Moneyboat loan?
- Applicants must be 18+, UK resident and hold a valid UK bank account
- Regular income of at least £1,050
- Applications are assessed on multiple factors, not just credit score
- No guarantor needed – eligibility based on ability to repay
How much can I borrow?
Moneyboat offers short-term loans from £200 to £1,500 with flexible repayment options. New customers can borrow up to £800, while returning customers may qualify for loans up to £1,500, subject to affordability checks.
You can spread repayments over 2 to 6 months to keep them manageable. You can repay early with no extra fees, helping you save on interest. There’s no need to repay in full on your next payday – the minimum duration for your first instalment is five days.
We charge a daily interest rate of just 0.79%, lower than the industry cap of 0.9%. Interest is only applied to your outstanding balance, keeping costs transparent and manageable. Check our loan charges page for a full breakdown.
What is a payday loan?
A payday loan is a small, short-term loan typically repaid in full by your next payday. They can help cover emergency expenses. However, payday loans can be expensive if not managed carefully, and aren’t always the best option for everyone.
Our loans give you the option to repay in 2 to 6 instalments. That means less pressure to pay back the full amount all at once. You’re welcome to repay your loan in full when you’re next paid, but there’s no obligation to do so. And unlike some payday loan providers in the UK , we don’t charge you for early repayment.
You’ll always know what you need to repay upfront, with no hidden surprises. The interest charged on our loans is 0.79% per day (maximum APR 1,267.9%) and is only calculated on the outstanding balance.
Use our payday loans guide to compare borrowing options and find the right fit for your needs.
Read on to find out more.
What is a payday loan?
A payday loan is a type of short-term credit designed for emergency expenses and must be repaid in full on your next payday. While they offer fast access to cash, their repayment terms can be challenging for some borrowers.
Is a short-term loan right for me?
A short-term loan can be useful for covering unexpected expenses, but it’s important to ensure you can manage the repayments. Moneyboat loans come with clear terms, flexible repayments, and no hidden fees, but they are not a long-term financial solution.
We always recommend reviewing your budget before applying. If you’re unsure, exploring alternative financial options or seeking advice could help you make an informed decision.
At Moneyboat, we take responsible lending seriously. That’s why we assess each application carefully to ensure that repayments are affordable. Our short-term loans come with:
Clear repayment terms
Spread repayments over 2 to 6 instalments instead of repaying in full on your next payday
Fair and transparent costs
Our daily interest rate is 0.79% – with no hidden charges or early repayment fees
Flexible repayment schedules
Choose a plan that fits your budget and financial situation
Not sure if a short-term loan is right for you? Take a moment to review your budget and ensure repayments fit within your financial plans. You can also compare different borrowing options on our blog.
What happens if I can’t afford repayments?
If you’re struggling to make repayments, contact us as soon as possible. We may be able to adjust your repayment plan to make things more manageable. Missing payments can result in extra charges and may affect your credit score.
For independent financial guidance, free support is available from trusted organisations like StepChange, MoneyHelper, and the National Debtline. If you’re looking for budgeting tips or financial advice, the Moneyboat blog has practical guidance to help you take control of your finances.
If you’ve got a loan with us and you’re not sure you’ll be able to make a repayment, please speak with our friendly crew right away:
- Email us: thecrew@moneyboat.co.uk
- Call us: 020 3818 7470
- Opening hours: Monday to Friday, 8am–6pm (excluding Bank Holidays).
Ready to apply?
Applying for a Moneyboat loan is quick and straightforward. Our online application can take less than 5 minutes to complete, and if approved, funds could be transferred the same day.
Your data is secure. Moneyboat uses bank-level encryption and complies with GDPR standards to keep your personal information safe.
Apply today for a quick decision and flexible repayments
Before applying, consider affordability. Short-term loans aren’t for everyone – make sure the repayments fit within your budget.
Warning: Late repayments can cause you serious money problems. For help, visit MoneyHelper.
What are direct lender loans?
Direct lender loans are managed entirely by the same provider, streamlining the process from application to repayment. By applying for a loan directly, this allows for quicker responses, flexible repayment options, and faster approval, often within hours. Unlike brokers, who rely on third parties, which can cause delays, direct lenders will personally review all applications internally. Moneyboat ensures a clear repayment schedule and a transparent, fair lending experience as a responsible UK lender.
If I am approved, how quickly will I get the money?
We can release funds to our customers every 15 minutes. Our 15-minute funding is super quick but is only available to our customers who have been approved and once all underwriting checks have been completed. You may be asked to provide extra documentation after applying, which could delay your loan slightly. However, once approved, you could still receive funding in just 15 minutes. Learn more about our 15 minute funding terms and conditions.
Is an online direct lender loan the best option for me?
Payday loans continue to receive bad press, yet people often overlook the potential benefits they could provide. See if our loans suit your needs. We are direct lenders, which means we fund the loans ourselves rather than requiring any third parties for funding.
Many people seek loan debt help in the UK. As with any form of credit, borrowers should take care before applying to ensure they can make the repayments. As a short-term loan, payday loans may offer higher interest rates than other loan and credit options on the market. However, they may be able to help you cover urgent costs if you need access to funds quickly.
Our loans are a great option if you need money quickly and you know you can pay it back. We’re here to help! However, we do not recommend using a loan as a solution to a long-term financial issue.
What can I use a short-term payday loan for?
Taking out a loan for sudden expenses like emergency dental care or car repairs can be useful, especially if you can't afford them at short notice. However, keep in mind that loans often have a minimum borrowing amount. Payday loans should be used for necessary expenses, rather than unplanned wants like holidays. As responsible UK direct lenders, we recommend borrowing based on matters of urgency, rather than impulse purchases.
What is responsible lending?
Responsible lending is all about taking steps to make sure applicants can afford repayments before approving them for a loan. We check affordability through credit checks and by asking for details of your income. We follow the rules laid down by the Financial Conduct Authority (FCA), which oversees the short-term consumer lending industry and takes extra measures to maximise positive outcomes for our customers.
Important: Moneyboat provides a flexible short-term loan. Although these loans are widely recognised and often searched for by our customers as 'payday loans,' our focus is on providing clear and accessible financial options that meet your needs.
Consumers in the United Kingdom turn to Moneyboat when they find they need cash quickly to tide them over until payday. We are known for providing affordable and responsible loan solutions at a comparatively low daily interest, with no hidden charges.
Our charges and repayments, made over a number of months, are easy to understand, and we have streamlined the borrowing process to make it easy for you to get the credit you need in a timely manner.
We offer a variety of loan options, so you are not forced to take a loan that does not meet your needs. We are serious about providing responsible credit and payday loans. As direct lenders we ensure that we carry thorough credit check and affordability tests prior to lending.
Many payday loan providers will ask for repayment of the full loan amount on your next payday. These are notoriously difficult repayment terms and often lead to missed payments, extra charges and bad credit reports. Our payday loans are repayable over a number of instalments, so you can spread the cost of the credit over several paydays. This is part of our responsible approach to lending.
The following are some tips consumers need to keep in mind when borrowing money. These tips apply to all types of credit and lenders, not just loans from direct lenders.
- Take time to compare lenders. Many individuals fail to take this step simply because they need money quickly. Failing to compare payday lenders before you apply can cost a consumer a great deal more in the long run, with higher interest charged on their outstanding credit, higher overall, weekly, or monthly fees and less responsible lending, so it is one step that should never be neglected.
- Consider the amount of credit to be repaid and the amount of money you are able to repay each month before approaching a lender. At times, it is best to have a loan with a shorter repayment term, while a lower annual percentage rate is better in other cases. Fortunately, there are numerous calculators available online to help consumers compare loans and repayment terms. It is also wise to read all the lender’s terms before you apply.
- Understand the difference between a secured loan and one that is unsecured. Secured loans are backed by collateral that may be lost in the event the borrower defaults on the loan. For example, a mortgage is a secured loan, and the home may be taken by the lender if payments aren’t made as agreed.
- Do not borrow money without considering other options. There may be alternatives to payday loans available to you if you need access to fast money. If a utility bill is due, talk to the provider to determine if payment arrangements can be made or speak to charitable organisations to determine if they can help. Taking out a loan or borrowing money in any way is not something that should be done without careful consideration, regardless of whether it is for a small amount or a large sum.
- Establish a budget to ensure repayment obligations can be met. Many individuals fail to take this step, only to find they have financial problems again when the repayments come around. A budget helps to prevent this and ensures the consumer can make loan payments as agreed.