Fast and simple £300 loans for emergency expenses

How can you use a £300 loan?

Our short-term loans of £300 are designed to help you in unexpected situations where you need money quickly, such as:

• Sudden car expenses/repairs
• Home appliances malfunctioning e.g. your boiler or washing machine
• Essential home repairs
• Urgent medical and dental costs
• Vet bills

Taking out Moneyboat loans in the short term can help keep you going until you are able to locate funds on your own, providing you with financial support that is both fast and secure.

What is the cost?

To put it simply, our short-term loans can fluctuate in price depending on how much money you take and the period of time you take it for. Regardless of how long you have it though, we have a fixed daily interest rate from the beginning.

• Fixed fees throughout: A daily interest rate of 0.79% gets applied to the outstanding loan amount.
• Pick a time period for you to repay in: You can spread the cost of your payments out over 2 to 6 months with our options of flexible repayment – plus no fees for early repayment!
• Small loans are sent quickly: By taking out loans between £200 and £800 you can cover the cost of any financial predicaments, with them extending up to £1,500 if you’re a returning customer.

Is the application easy?

The application process to get a Moneyboat loan is trouble-free. To apply, you can use a device of your choosing and, with our technology being tailor-made, have your application conducted quickly and safely.

Applications only need a few simple details, with lots of them being automatically approved.

It only takes three steps:

1. Quickly fill out your online application 

Complete our simple application and state the amount you want to borrow.

2. eSign your emailed approval

Assess your offer on your device and digitally sign it to verify.

3. Money transferred in 15 minutes*

Following approval, the money gets sent right to your account in as little as 15 minutes*.

Will I get accepted?

Thinking about applying for a loan with Moneyboat? You’ll need to meet our minimum eligibility requirements first:

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

Upon meeting the conditions, we separately assess your application, looking beyond your credit score alone. If you need a £300 loan but have a bad credit score, you can still apply as our affordability checks consider several factors.

As part of our FCA-regulated checks, we review each application using more than just a credit score. We take a broader view and assess applications individually to understand whether a loan is appropriate.

Have a read of our helpful guide on how credit checks work to learn more.

Is Moneyboat a responsible lender?

Not only are Moneyboat an FCA-approved lender, but we also follow responsible lending guidelines. This means that we will only provide you with £300 loans if they match up with your current financial condition.

• Being a direct lender, there are no brokers concerned when borrowing from us
• There are no hidden fees with our transparent pricing
• Our support is UK-based, and we’re open from Monday to Friday 8am–7pm
• We are regulated by the FCA – to locate us on the FCA register use the reference number 674154
• With plenty of simple resources, we can help you be well-informed when making financial decisions

You can swiftly get the money you need and pay it back on an adaptable timeline that suits you.

Where can I find free money advice?

If you are needing some money advice, you can receive free third-party support from multiple organisations like Citizens Advice, National Debtline, StepChange, and Moneyhelper. These companies can assist you with both budgeting tips and debt management advice, giving you the support you require.

Resources to help you manage money

Though it isn’t always possible to see when urgent costs may crop up, Moneyboat’s blog has information and resources available that can give you advice on managing your finances and how to make savings.

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