Straightforward £400 loans for unforeseen costs

What can I spend a £400 loan on?

A £400 loan can be used to help you during many surprise financial situations. Using a direct lender like Moneyboat, our loans are here for you when life throws up costs you weren’t anticipating. Common uses for loans include:

• MOT, car repairs or servicing
• Home appliance failures or replacements
• Surprise bills
• Vet costs

Taking out a short-term loan with Moneyboat can help to keep your daily life on track. Once approved, you can get the money in your account quickly, relieving those immediate financial pressures and providing you with swift financial support.

What is the full cost?

Still wanting some more clarification on the costs? Here’s everything you need to know. Depending on how much money you borrow and how long you borrow it for, our short-term loans can vary in price. Regardless, we have a fixed daily interest rate from the outset.

• Fixed fees for the entire process: A daily interest rate of dailyInterestRate gets applied to the remaining loan amount.
• Select a time period to repay: You can distribute your payment costs over 2 to 6 months with our flexible repayment options.
• We transfer small loans quickly: Sort out unexpected payments with loans between £200 and £800, reaching up to £1,500 if you’re a returning Moneyboat customer.

Is the application simple?

Applying for a loan with Moneyboat is easy. You can apply from any device, and our technology is designed to handle your applications quickly and carefully. Just follow these three easy steps:

1. Fill out your online application in minutes

Complete our easy application and state the amount of the loan you plan to borrow.

2. eSign your emailed approval

Look through your offer on a device before digitally signing to confirm.

3. Get the money within 15 minutes*

Once approved, we transfer the money to your bank account in as little as 15 minutes*.

Am I going to get approved?

Before applying for a loan with Moneyboat, you should check that you meet our minimum eligibility requirements:

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

If we find that you match the criteria, we move on to reviewing your application separately, looking past your credit score alone. Our affordability checks take several aspects of your financial situation into account, which means it could still be worth applying, even if you want a £400 loan with a mixed credit history.

Wanting some more information on what to expect? Our guide on how credit checks work can help explain everything you need to know.

Is Moneyboat a responsible lender?

We are an FCA-registered lender, meaning that we always follow responsible lending guidelines. Moneyboat only gives out loans if they are suitable for the individual, and our flexible and transparent lending means our borrowers have everything they need to make an informed decision on whether a £400 loan is the right call for them.

• Being a direct lender, you borrow straight from us – no brokers or middlemen
• Never worry about hidden fees with our transparent pricing
• Our support is based in the UK, and our offices are open from Monday to Friday 8am–7pm
• We are regulated by the FCA – find us on the FCA register using reference number 674154

Receive the money you need and repay it on a flexible schedule that is best for you. Need help while you apply? Our dedicated team is ready to assist with any questions you have during your application, or you might find an answer to your query on our frequently-asked questions.

Resources that help you manage your money

It can be challenging to stay on top of your finances, particularly if you have an unexpected expense or bill. With lots of information and resources, the Moneyboat blog has great tips on budgeting and saving for a rainy day.

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