If you are considering applying for a short-term loan, then MoneyBoat may be able to help you. We are a safe, transparent and flexible direct lender, offering short term loans at an interest rate of 0.7% a day as opposed to the more common 0.8% imposed by other lenders (which is the price cap set by the FCA). Additionally, we have UK-based support available for all of our customers and we allow you to repay your loan in numerous instalments, to help make repaying that little bit easier for you.

How Does the Loan Application Process Work?

When you apply for a personal unsecured loan such as a payday loan, instalment loan or otherwise with MoneyBoat.co.uk, the application is completed online. Your application is then passed onto our underwriting team who are available to consider your application and process your loan during the weekday hours of 8:30am to 5:30pm. All applicants are credit checked before being approved and we assess applications against our Responsible Lending Policy and lending criteria.

How Much Money Can I Borrow?

With MoneyBoat.co.uk, you can borrow any amount from £200 to £800 or up to £1,500 if you are a returning customer – subject to passing our credit and affordability checks. Furthermore, you do not necessarily have to repay the full loan amount in one single repayment as we are flexible with borrowers, and do allow a number of scheduled repayments.

How Long Until I Receive My Funds?

Funds are usually deposited in your bank account within 24 hours, keeping in mind applications and loans are only processed on weekdays, 8:30am to 5:30pm.


How do Repayments Work?

At Moneyboat.co.uk we encourage you to personalise your loan experience. Therefore, you can decide to repay your loan over 2 – 6 months. Representative example: Representative Example: £400 loan for 113 days (4 instalments). Total: £597.48. Interest £197.48. Interest rate 255.5% pa (fixed). Repay £149.37 for 4 payments. Representative 939.5% APR.

Can I apply For a Loan With MoneyBoat?

Prior to making an application, please make sure you have checked that you meet our minimum requirements as detailed below:

  1. You are employed on either a full or part time basis
  2. You earn a minimum net monthly pay of £1,000
  3. You will need to be aged 18 or over
  4. You have an email address
  5. Before applying for a loan, please consider Seven Things to Consider Before Taking Out a Loan

If you have any further questions please contact our polite and friendly customer service crew, here.