Quick and easy £200 loans for sudden expenses

What can a £200 loan be used for?

Our short-term loans of £200 are made so you can use them in urgent situations that require small amounts of money fast. This contains anything from:

• Emergency dental and medical costs
• Appliances breaking at home
• Essential house repairs
• Unexpected car expenses
• Vet bills

If you take out a short-term loan with Moneyboat it can help tide you over until you can find the cash yourself, giving you quick and safe financial support.

What will it cost?

Short-term loans differ in price based on how much you take and how long you take it for. Regardless of the time, from the beginning we have a fixed daily interest rate.

• Set fees the whole time: We have a daily interest rate of 0.79% that gets applied to the remaining loan amount.
• Select the period that you repay in: The cost of your payments can be spread out over 2 to 6 months when using our flexible repayment options – and no early repayment fees!
• Small loans are deposited swiftly: You can cover any monetary emergencies by taking out loans between £200 and £800, extending up to £1,500 if you’re a returning Moneyboat customer.

Is it easy to apply?

Applying for a Moneyboat loan is simple. You’re able to use a device of your choosing, with our custom-made technology handling your application in a quick and secure fashion.

We only require a few basic details, with lots of applications being approved automatically.

It only takes three steps:

1. Complete your online application in minutes

Fill out our effortless form and say the amount you would like to borrow.

2. eSign your emailed approval

Use your device to assess your offer and digitally sign it to verify.

3. Cash paid in 15 minutes*

After approval, the money is sent straight to your bank in as little as 15 minutes*.

Am I going to be accepted?

If you would like to apply for a loan with Moneyboat, you’ll have to meet our eligibility requirements beforehand:

• 18+
• Regular income of £1,050
• UK resident with UK bank account

Should you meet these criteria, we then evaluate your application separately and look beyond your credit score individually. There are multiple considerations for our affordability checks, so if you need a £200 loan from a direct lender and have a bad credit score, you can still apply.

When you apply, we carry out FCA-regulated checks and look at a range of information, not only your credit history. Every application is reviewed on its own merits to assess eligibility.

To learn more about what to expect with credit checks, read our helpful guide on how credit checks work.

Is Moneyboat a responsible lender?

Moneyboat is an FCA-approved lender, and we stick to responsible lending guidelines, only providing loans if they align with your present financial situation. We also pride ourselves in making sure that all our customers get a loan that suits them.

• Since we are a direct lender, it means when borrowing from us there will be no brokers involved
• With transparent pricing, we ensure there are no hidden fees
• We provide UK-based customer support, open from Monday to Friday 8am–7pm
• We are FCA-regulated – discover us on the FCA register under reference number 674154
• We have an abundance of straightforward resources that will help you stay informed when making financial decisions

Receive the cash that you require quickly and repay it on a flexible schedule that works for you. If you require any help, our skilled team is ready to answer any questions that come up during the process of applying.

Where can I get money advice for free?

If you are in need of some money advice, free third-party support is provided from various organisations such as National Debtline, Moneyhelper, Citizens Advice, and StepChange. Whether you need help with budgeting or managing debt, they can provide independent support.

Resources that help you manage money

Though you can’t always see when potential emergency expenses may come your way, the Moneyboat blog can help you to manage your finances and start making savings with lots of resources and information available.

*Learn more about our 15-minute funding terms and conditions.