Applying for a Short Term Loan

Person looking happily at his phone in the city

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, 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, 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 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.

Moneyboat's service is rated Excellent

Blog Disclaimer

We do all we can to bring you interesting, practical and valuable information. However, please understand the following:

  • are in no way connected or affiliated with the application or affiliate links mentioned in this or any article. We do not receive any commission and are not responsible for any charges that may result from any free trials or paid subscriptions.
  • does not provide medical advice It is intended for informational purposes only. It is not a substitute for professional medical advice, diagnosis or treatment. Never ignore professional medical advice in seeking treatment because of something you have read on the site. If you think you may have a medical emergency, seek medical advice immediately or dial 999.
  • Information and data on this blog are for information purposes only. While we work hard to ensure it is accurate, we cannot accept responsibility for the accuracy, completeness, suitability or validity of any information provided on the blog. We will not be liable for any errors, omissions, losses, injuries or damages arising from its display or use. All information is provided with no warranties and confers no rights.

If you feel that any of the information published on our blog is not accurate, please notify us via email at

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

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