15 minute payday loans online – cash loans in 15 minutes

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Example Repayments
based on the last working day of each month

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 We are a direct lender     A flat interest rate of 0.7% per day     Discreet, safe & secure     A polite and friendly customer service crew

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

Representative Example: Borrow £400 for 4 months, four monthly repayments of £149.37. Total repayment £597.48, interest rate p.a. (fixed) 255.5%. Representative APR 939.5%. Compare Moneyboat loans.

Moneyboat’s Service Is Rated: Excellent | 9.5/10

Virtually everyone has times when emergencies come up and paying later just isn’t an option. Our 15-minute loans can help by providing you with cash right away, providing you meet our criteria for this service.

What are 15 minute payday loans?

Our 15 minute loans are short-term instalment loans that can appear directly in your bank account just 15 minutes after your loan application is approved. As a direct lender, we work with issuer Modulr to offer fast funding that means there’s no more waiting for hours or days for your money. Once we’ve established that you can afford your payday loan and that you fulfil all our other lending criteria, you can benefit from our ability to fund our customers directly to their accounts in a 15-minute timeframe.

As direct lenders, we know our customers. We understand that speed is everything when you need a little money in an emergency. That’s why we’ve taken steps to introduce what we think is a game-changer in the payday loans market. Instant loans that will be in your bank account within minutes, following our safe and robust application and approval process.

Representative Example: based on the last working day of each month

Interest rate 255.5% pa (fixed) Representative 939.5% APR

Borrow £400
Payback period 4 months
Monthly repayments £149.37
Total £597.48
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Authorised and regulated by the FCA

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UK Direct Lenders

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Monthly repayments

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Apply for free

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Smart approval

Great, fast little loans when you need them most

Lenders tend to cater to specific customers and fulfil a rather narrow segment of borrowing needs. One lender may offer longer-term loans requiring security, for example. Others offer short term loans to help when you need money really quickly. When an unexpected emergency arises, and cash in your bank account is short, our instant loans can help you solve an immediate cash flow problem (terms and conditions apply). 

Payday loans can be relatively easy to apply for and get. Lenders will usually allow you to repay the loan after your next payday or in instalments over a few months. As an example, when you need to repair your car immediately, instant, clever loans that you can afford to repay could be a way to resolve the problem.

Time can be a major issue facing borrowers. Sometimes paying a bill or repairing a car can wait a few weeks or months until your next payday. But other times cash is needed quickly. In these situations, waiting for traditional credit lenders to approve loans may not seem a viable option.

It is important to shop around for great loans from reputable lenders regardless of the type of loan you are looking for. Quick loans vary dramatically from one lender to the next and consumers are generally better off when they take time to explore all their loan options before they apply. However, when your boiler’s broken down and you have no cash in your bank account until payday, a lender who can approve quick loans and transfer the funds within 24 hours could be what you need.

Fast cash, as soon as you’ve been approved

Our 15 minute loans enable you to access quick loans with funds often available in your bank within minutes, providing you are approved.

15 minute loans from direct lenders can be easier to get than other loans like personal bank loans and credit cards.

Yes, we offer 15 minute loans direct lender services, but we maintain responsible lending practices at all times.

Apply and have a short term loan 15 minutes later*

Super-simple and quick application – we know our customers want us to keep things simple. Applying for a payday loan with Moneyboat couldn’t be easier.

You can borrow between £200 and £1500 and repay over several monthly instalments.

15 minute payday loans are little loans that are quick and relatively small in value terms. This means this type of loan can cost less than a larger personal loan in total, despite often having higher interest rates.

No need to repay on your next payday, we offer access to 15 minute loans repayable in instalments.

*terms and conditions apply

15 minute payday loans – are there any disadvantages?

Borrowers must be aware that the interest for payday loans can be very high when compared with other types of credit that are not available as quickly.

Borrowers sometimes begin to rely on instant loans, and the costs involved can quickly eat up a paycheque, making it even more difficult to pay bills the next month. This results in a never-ending bad cycle of loans and borrowing just to get through the month.

Sometimes what seems like clever loans can actually come with hidden charges and credit fees. Also, most lenders will charge penalties for non-payment. These charges can add up quickly, so make sure you are clear on all your lender’s terms when you sign up to one of their loans. 

Here at Moneyboat, we make our charges clear from the outset and encourage borrowers to read our terms thoroughly in advance. We also never charge for early repayment. This is what we consider to be great service.

15 minute borrowing – what you need to know

The interest rates for 15 minute loans direct lenders offer can be very high, and the maximum loan amounts will vary. Borrowers should check out a lender’s fees before they apply. It’s also important to understand that every lender is required to carry out a credit scores check in advance of providing loans, or any other type of credit for that matter.

Traditional lenders generally put a great deal of emphasis on credit scores, often denying loans to anyone with a less-than-perfect credit history. Payday lenders, on the other hand, tend to be more understanding and might provide instant loans to those with imperfect credit scores. Having said that, lenders will still check credit scores, so it’s always important to repay loans promptly as missing payments can harm your credit rating.

While payday lenders will offer money to those with lower credit scores, past repayment histories can play a role in the amount a lender is willing to send to your bank account. Repaying quick loans promptly will, as a rule, make it easier to get short term loans and payday loans in the future. This is why it is so important to ensure you can afford the repayments before agreeing to a loan.

Comparing online loans from UK direct lenders isn’t always easy, but there are a few initial questions you need to answer to help you find the right quick loans provider:

  1. Do they offer bad credit loans?
  2. Can they offer loans in minutes?
  3. How much money can I borrow as a quick loan?
  4. When do I need to repay the money I borrow through the loan?
  5. Can I pay back the cash in instalments?
  6. Is the application form simple?
  7. Will the lender perform a credit check?
  8. Do they consider responsible lending to be important?
  9. What charges and fees do they apply to the loan?
  10. Do I have to pay back the loan on my next payday?
  11. What’s the interest rate charged on the loan?
  12. Would I be able to use a guarantor to secure quick loans if I have bad credit check results?
  13. Can I apply for a loan online?
  14. What are the eligibility criteria for the loans?
  15. Are they FCA authorised to provide payday loans?
  16. Is there a more suitable alternative source of the cash I need?

Representative Example: based on the last working day of each month

Interest rate 255.5% pa (fixed) Representative 939.5% APR

Borrow £400
Payback period 4 months
Monthly repayments £149.47
Total £597.48

How do I apply?

Applying for our 15 minute loans online is generally easy and takes minutes. Our online application makes it possible for you to get a quote and a credit decision swiftly, even if you have a bad credit record. If we have questions in advance of filling in the online application form, we can address them right away to make sure your needs are met as quickly as possible and you can get an instant quote and decision.

Once your application is approved, the money is transferred to your account as quickly as 15 minutes later, assuming your bank can accept the credit transfer right away and that you meet the criteria, and terms and conditions. This means you could have the money available to you in an instant.

The online loans application process is, in a way, safer for many borrowers. Dealing with direct lenders online should be safe providing they are authorised and regulated by the FCA. The credit documentation is there for you to inspect, and there is no lender sitting across a desk pushing for a fast signature.

Taking a little time to read the credit agreement in advance is important to ensure you fully understand the details of 15 minute loans or payday loans. If you have questions about a specific clause as you read, it’s usually easy to get an answer from direct lenders in advance of your application. Remember, we strive to never lend to borrowers who we feel will struggle to keep to the credit agreement and make the loan repayments on time.

We are a customer-focused direct lender

Moneyboat is a direct lender based in the UK. Borrowers benefit as they don’t pay a loan broker or middleman to help them sort their credit. It’s important to us that our loan services are direct, safe and secure.

Our customer service team is polite and friendly, and our borrowers always know that they can count on us in their time of need, or when you need a little extra support. As direct lenders, we also provide instant loans wherever possible in accordance with our terms and conditions.

Here’s the lowdown on our online 15 minute loans

We charge a flat interest rate of 0.7 per cent per day. This interest is calculated on the outstanding balance of our loans. There are then no upfront fees for loan processing or for taking advantage of our 15 minute loans service. 

New customers can borrow between £200 to £800. Our payday loans are repayable over a minimum term of two instalments and a maximum of six months. The minimum instalment duration for the first instalment is five days. Existing customers can between £200 and £1500, subject to passing our credit and affordability checks. Customers may pay back their loan early without extra spending on penalties or fees.

In the event a borrower finds they don’t have the money to pay the loan as agreed, Moneyboat works with them to find a solution that all parties can agree upon to settle the debt in a timely manner.

What if I have a bad credit record?

If you need access to quick cash direct from lenders but have a bad credit record, consider your options carefully. If you apply for one of our loans, we will give your application due consideration, but we cannot always offer money to those with bad credit histories.

As a direct lender of payday loans, we need to make sure that any bad credit borrowers that apply for our loans can afford the repayment, or we would be breaching the responsible lending criteria.

This is because a bad credit record suggests previous problems with borrowing loans and possible missed repayments. When those with bad credit apply for one of our loans, we do take into account other criteria, such as general financial situation and employment status. However, we must carry out a quick check on your credit scores and we will only offer our clever loans to those who we believe can repay the money comfortably, bad credit or not.

Why responsible lending is important to us

Whilst most borrowers are responsible and repay their loans promptly, others tend to find themselves borrowing money month after month. It’s easy to try to justify borrowing instant loans by telling yourself that taking out little loans is harmless. But if you’re regularly taking loans to cover recurring expenses, debt will quickly spiral. We want to help prevent our borrowers falling into a cycle of bad debt and we do this by lending responsibly.

We encourage our customers to use our online calculator and to try to develop healthy financial habits to minimise the number of times they need high-cost payday loans. Our blog is a fantastic resource for financial education and lifestyle pieces that can help you change your habits when it comes to money. 

For example, saving money is often difficult, but it always pays to develop a habit of putting a percentage of every paycheque into a savings account. We also try to help our borrowers avoid high-cost payday loans by offering an alternative whereby their fast loans are repayable in flexible instalments, rather than all at once on their next payday. This means our loans can sometimes be more affordable to borrowers as they can spread the cost over as many as six months and try to budget accordingly. Remember, we are proudly authorised and regulated by the Financial Conduct Authority.

There are several agencies available to help anyone experiencing financial difficulties. They help you to develop strategies that will keep debts under control. If you’re in need of financial advice, it pays to take advantage of the UK Financial Ombudsman, StepChange, or The Money Advice Service.

Apply for a 15 minute loan today with Moneyboat

Apply today for a 15 minute loan between £200-£800, or up to £1,500 for returning customers. As FCA authorised and regulated direct lenders, we consider all applications responsibly before making a decision. Apply today to get the funds you need, subject to approval.