Emergency Loans

How much do you need today?

For how long?

Example Repayments
based on the last working day of each month

Just a moment please...

 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 repayment of emergency loans can cause you serious money problems. For help, go to moneyhelper.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

People can be wonderful at frugal living and trying to save money for unforeseen circumstances. Still, things can happen leaving them without the funds necessary to handle an emergency. Not having the cash available to handle an unexpected vehicle or home repair can cause a financial strain. When you need money now in the form of an emergency loan, there are credit options available.

Understanding Emergency Loans

When you need money, the type of need itself often determines which direction you should take. Dealing with unexpected bills of any kind always requires back-up funds. In some instances, an individual may be able to get the necessary credit from a traditional lender, however these types of loans typically take quite a while to process and do not always help when you need money fast. 

When the need is immediate, going through a lengthy loan process simply isn’t practical. For example, car repairs. Today’s vehicles tend to be rather costly to repair when an issue develops. At the same time, car owners generally rely on their vehicles for transportation to and from work. Therefore, not having ready access to a vehicle could jeopardise your job. Appliance repair is also an issue faced by countless people every day. When the budget is simply maxed out and another expense crops up, what are your loan options when you need money now?

What Funding Options Do Borrowers Have When They Need Money?

If your requirement for cash is not urgent, a loan from a traditional lender may be an option to consider. If you need cash immediately, it may be time to compare other credit solutions, including payday loans and short-term loans. There are also other credit alternatives to consider, including credit cards and overdrafts, for example.

In many cases, applying for an emergency loan is a viable solution to the need for quick cash when you need money. While the costs involved will be somewhat higher than some other lenders, the ability to get a loan decision virtually immediately outweighs the costs. Emergency loans are also known as payday loans which are set up on a fixed repayment schedule specific for each customer.

When Might You Consider Emergency Loans?

Emergency loans are specifically that – they’re designed to meet occasional, unexpected, emergency costs when a person literally feels they need money right now. Lenders suggest borrowers minimise the use of payday loans to keep overall costs low. However, there are times when the use of an emergency loan can be practical. In these situations, borrowers should never be afraid to take the steps needed to cover emergency expenses. Although the costs are higher than traditional loans, having ready access to cash on the same day that it’s needed can prevent other costly events from occurring, such as default penalties or loss of earnings.

How Much Money Can You Borrow When You Need Money Now?

The average maximum loan is around £800, but additional funding of up to £1500 could be available to established customers. Smaller amounts are easily selected during the application process, making it simple for borrowers to get the exact amount of money they require.

How Long Do Borrowers Have to Repay Emergency Loans?

That depends on the amount borrowed and the borrower’s repayment plan. Usually, payments are spread over a number of scheduled instalments. Discussing your specific needs with online emergency loan experts like Moneyboat is the best way to determine the best repayment schedule.

Am I Eligible for Emergency Loans?

As with any other lender, emergency loan guidelines and restrictions are relevant to all applicants. However, you will notice that the standards for a payday loan are not as stringent as they might be with some more traditional lenders, if you compare. Bad credit doesn’t mean you can’t apply for payday loans, for example. This is especially the case if you are otherwise financially stable, with a solid cash flow and employment. Emergency loan providers will perform a credit check when you apply to check for a bad credit report. However, they will be more likely to lend to those with bad credit than traditional loan providers like banks, for example.

Borrowers are expected to provide the following information for emergency loan consideration:

    • Bank account data: You must have a valid UK bank account when applying for emergency loans online.
    • Employment Information: You must be employed and be receiving a regular income.
    • Resident status: Clients applying online for emergency loans must be residents of the UK.
    • Age verification: Applicants must be at least 18 years old and have documents to verify their age.
    • Applicants for emergency cash online will also be asked to provide relevant employment details, especially if they’ve only worked for the current employer for a short time. In addition, you may be expected to provide details about your budgetary requirements and general financial position



Emergency loans could help keep your head above water

Why Choose MoneyBoat for Emergency Loans?

Moneyboat is a direct lender based in the UK, which helps to keep our credit costs down. 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 them in their time of need for all necessary support.

Here’s the Lowdown on our Emergency Loans

New customers can borrow from £200 to £800. Loans are repayable over a minimum term of two instalments (could be weekly or monthly, depending on the customer’s pay dates) and a maximum of six months, which means you don’t have to repay the entire balance of your loan on your next payday. The minimum duration for the first instalment is five days. Existing customers can borrow up to £1500, subject to passing our credit and affordability checks. We do not require full repayment in 60 days, however, customers may pay back their loans early with no penalties or fees.


The interest charged on our loans is 0.7% per day (maximum APR 939.5%) and is only calculated on the outstanding capital balance at any given time.

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

Will a Bad Credit History Impact Me When I Apply for Emergency Loans?

Although emergency lenders, including online direct lenders in the UK, don’t place as much emphasis on credit checks as traditional lenders do, a borrower’s credit score will be a factor in the lending decision. Emergency lenders providing payday loans, understand borrowers may have had difficulties in the past and will work with them to overcome those past credit problems whenever possible. Emergency lenders evaluate each client individually and take a number of factors into consideration when deciding whether to offer payday loans to applicants.

It’s always important to protect your credit rating as much as possible. That means it may make sense to take a short-term emergency loan to cover a bill that will leave you with a bad credit score if it remains unpaid. Tight financial situations have their way of catching up with everyone at some point. If a short-term loan could protect your credit score from damage, it may be worth considering applying for emergency cash.


How Long Does it Take to Get a Loan Decision?

After receiving the required information, the actual emergency loan decision will be provided quickly. When you need cash quickly, getting a rapid decision is important. Your emergency loan provider could generally be able to provide a decision in as little as half an hour. That’s far faster than traditional lenders, meaning borrowers could have their funds fairly quickly without having to wait until their next payday.

When Will I Receive My Money?

There is often an almost immediate transferral of funds after the loan approval is complete. In cases where Faster Payments support a borrower’s bank, the funds should be available on the same day. If the bank doesn’t support Faster Payments, the emergency loan could still be available the same day. 

Can I Borrow More Than One Emergency Loan at the Same Time?

Emergency lenders, such as payday loan providers, will usually limit a borrower to one of their emergency cash loans at a time. However, once repayment is complete, you may apply again for a second loan. Emergency lenders don’t recommend doing this unless it’s absolutely necessary. Rather than getting into a situation when you need money now, it’s far better to budget your cash rather than taking on payday loans to take care of normal spending, as this can lead to bad credit situations. 

If you need emergency loans on a regular basis, it’s important to take steps to control spending and deal with your ongoing credit issues. There are numerous agencies available to assist borrowers overcome budgeting issues and reduce their reliance on loans.

What Happens When Borrowers Have Problems Repaying a Loan?

You’ll ideally repay your loan according to the agreed-upon schedule. However, online emergency credit providers understand sometimes extenuating issues arise that impact repayment. The important thing here is to notify the lender as soon as an issue develops to avoid any further ramifications. Burying your head in the sand when you can’t repay your loans will leave you with a bad credit record, making borrowing cash from online payday lenders almost impossible in the future.

Here at Moneyboat, we believe that responsible lending is the key to providing a good service to our borrowers. If you need emergency cash to tide you over until payday, instead of paying over the odds for payday loans that need to be repaid in a lump sum, we offer flexible credit repayment plans. Rather than paying the entire value of their loan back on your payday, our borrowers can repay in instalments over as many as six months, depending on their circumstances. We believe that this type of borrowing can help prevent borrowers missing payments and creating bad credit situations for themselves.

Help Is There When You Need It

Your financial status is important, so it’s always vital to deal with financial problems as quickly as possible. Borrowers who are proactive about protecting their credit scores often pay emergency bills as quickly as possible.

Too many people are hesitant to ask for help, as they don’t want to appear desperate or needy. If you’re in a situation where a crisis loan could be of help, don’t hesitate to contact the emergency lender, Moneyboat.

Emergency lenders are there to help when you need it most. Maybe you’re in need of quick cash to take care of an unforeseen expense? If so, now may be the time to get in touch with  us and compare crisis lenders to see if they can provide you with an affordable emergency loan, even if you have bad credit. Providing you meet the eligibility criteria, the process of obtaining an emergency loan online is usually fast and easy, making it simple to resolve a problem almost immediately.