Get a short-term £400 loan with fixed instalments
Cover smaller unexpected costs or bills before payday. Apply to borrow £400 and repay over 2 to 6 months in fixed instalments, with the total cost shown clearly before you decide.
✔ Fixed monthly repayments
✔ Know the full cost before you commit
✔ Apply easily online in just minutes
✔ Receive funds within 15 minutes*
Representative Example: Borrow £400 for 4 months: 3 monthly repayments of £156.09 followed by a final repayment of £156.07. Total repayment £624.34. Interest rate p.a. (fixed) 288.35%. Representative 1,267.9% APR.
Compare Moneyboat loans.
Warning: Late repayments can cause you serious money problems. For help, go to www.moneyhelper.org.uk.
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How a £400 loan works with Moneyboat
A £400 short-term loan can be used when you need help with a temporary shortfall or an unexpected bill. Here’s how a Moneyboat £400 loan works:
Step 1
Apply in minutes
Fill in a short online form and let us know how much you’d like to borrow. We’ll run a credit check and assess your application on its own merits.
Step 2
Get your personalised offer
Before signing your agreement, you’ll see exactly how much you’ll repay, including interest, before you decide whether to go ahead.
Step 3
Receive your funds
Once approved, we’ll send the funds to your bank account within 15 minutes*.
Step 4
Repay in fixed instalments
You’ll repay the loan instalments over 2 to 6 months on agreed dates. The full repayment amount will be clearly set out in your agreement.
Representative Example: Borrow £400 for 4 months: 3 monthly repayments of £156.09 followed by a final repayment of £156.07. Total repayment £624.34. Interest rate p.a. (fixed) 288.35%. Representative 1,267.9% APR.
How much does a £400 loan cost overall?
The total you repay depends on the term of your loan. Before you agree to borrow, we’ll show you the total amount repayable in full.
How pricing works
In the UK, loans are regulated by the Financial Conduct Authority (FCA). That means:
- Interest is capped at 0.8% per day – we only charge 0.79%
- Default fees are capped
- You’ll never repay more than 100% of the amount borrowed
So the cost is limited – and it can’t keep increasing.
When a £400 loan might be helpful
A £400 loan may be considered for a temporary, one-off essential cost where the repayments are affordable.
Short-term loans are meant for occasional, short-term borrowing.
Before applying, it’s important to make sure the repayments would fit comfortably alongside your other monthly commitments.
Is a £400 loan right for you?
For some people, a £400 loan can be a practical way to cover a short-term expense. For others, it may not be the right option.
Here are some situations where a short-term loan may or may not be suitable:
| ✔ It may be suitable if… | ✘ It may not be appropriate if… |
|---|---|
| ✔ You have a one-off urgent cost | ✘ You’re struggling with ongoing debt |
| ✔ You have a regular income | ✘ You’re borrowing to repay other debts |
| ✔ You don’t need to borrow long-term | ✘ You need longer-term financial support |
| ✔ You can comfortably make the repayments on time and in full | ✘ You’re unsure if you can meet the repayment schedule |
Short-term credit should be used carefully. Take a moment to review your budget and ensure repayments fit your monthly outgoings.
Warning: Late repayments can cause you serious money problems. For help, go to moneyhelper.org.uk. You can also see a full list of free and independent support organisations here.
Looking to borrow a different amount?
£400 isn’t the right amount for every situation. Borrowing only what you need can help you stay in control of your finances. With Moneyboat, new customers can borrow between £200 and £800, while returning customers can borrow up to £1,500, subject to affordability checks.
Moneyboat offers a range of short-term loan amounts, so you can apply for an amount that better matches the cost you need to cover.
If you think £400 may not be suitable, you could consider:
Please note: New customers may be able to borrow between £200 and £800. Returning customers may be able to borrow up to £1,500, subject to affordability checks.
Free and independent advice is available at moneyhelper.org.uk. You can also see a full list of free and independent support organisations here.
Eligibility for a loan
To apply for a loan with Moneyboat, you’ll need to:
✔ Be 18 or over
✔ Live in the UK
✔ Have a regular source of income
✔ Have a UK bank account in your name
If you decide to submit a loan application, we’ll also carry out a full credit check and affordability assessment. This includes looking at your income, regular outgoings, and current financial commitments to decide whether the loan would be affordable.
Meeting the basic criteria does not guarantee approval.
Representative Example: Borrow £400 for 4 months: 3 monthly repayments of £156.09 followed by a final repayment of £156.07. Total repayment £624.34. Interest rate p.a. (fixed) 288.35%. Representative 1,267.9% APR.
Applying for a £400 loan with poor credit history
You can still apply for a Moneyboat loan if you have a poor or limited credit history.
When we assess your application, we consider your current financial circumstances and credit record. That includes your income, your usual outgoings, and whether the repayments appear manageable.
We do not guarantee approval, and we’ll only make an offer where we believe the borrowing is affordable.
Read our minimum lending requirements for more information.
Credit checks & responsible lending
As a regulated UK lender, we’re required to check that borrowing is suitable and manageable.
If we don’t think a loan would be affordable, we may decline the application. That’s to help protect you from taking on debt that could cause problems later.
If you’re already under financial pressure or thinking about borrowing to repay other debts, it may be worth exploring other options first.
If you’re unsure, free and independent guidance is available at moneyhelper.org.uk. You can also see a full list of free and independent support organisations here.
Why choose a loan from Moneyboat?
We understand that when money is tight, you need a lender you can trust.
As a Moneyboat customer, you can:
Get funds the same day, if approved
See your total repayment before accepting any loan
Repay in fixed instalments over 2 to 6 months
Apply online in minutes
Borrow from a regulated UK lender
Access friendly support from our UK-based team
We aim to keep borrowing clear and straightforward, with transparent pricing and responsible checks before any offer is made.
We only lend when we believe the repayments are affordable.
Alternatives to a £400 loan
Before taking out a loan, it’s worth considering other options:
- Using savings, if you have them
- Asking your employer about a salary advance
- Setting up a payment plan with a utility provider
- Checking whether you’re eligible for a support scheme
Short-term loans are intended for temporary situations rather than longer-term financial problems. If money is tight more generally, it may help to explore wider support first.
Free and independent advice is available at moneyhelper.org.uk. You can also see a full list of free and independent support organisations here.
Types of loans
Short-term loans
Moneyboat provides regulated short-term loans intended for temporary financial emergencies, with clear terms.
Repayments are made in fixed instalments over an agreed period, so the cost and schedule are clear from the outset.
Emergency loans
Emergency loans are used for urgent and unplanned expenses, such as repairs or essential bills.
Bad credit loans
Bad credit loans are for people with a poor or limited credit history, although approval is always subject to checks.
Car repair loans
Car repair loans can be used towards essential vehicle repair costs, with repayments spread over time.
Instalment loans
Instalment loans let you repay in fixed amounts over a set period, with the total cost explained before you accept.
3-month loans
3-month loans are repaid over three months, usually in fixed instalments.
6-month loans
6-month loans are repaid over six months, spreading the cost into smaller instalments.
Who is Moneyboat?
Moneyboat is a direct lender based in the UK.
We provide short-term loans with fixed repayments and clear pricing, so you know what to expect before you borrow.
We also carry out affordability checks to help make sure any loan we offer looks manageable for your circumstances.
If you need support, our UK-based team is here to help.
FAQs about loans from Moneyboat
Borrowing can feel like a big decision, especially when the cost you need to cover is urgent. Here are answers to some common questions about £400 loans.
With Moneyboat, applying is simple.
- Choose how much you’d like to borrow and for how long.
- Complete the online application with your details.
- We’ll carry out affordability and credit checks to assess your application.
If you’re approved, you’ll see exactly how much you’ll repay before you decide whether to go ahead.
All applications are subject to status and affordability checks.
Once your application has been reviewed and approved, we’ll send the funds to your bank account within 15 minutes*. The exact timing depends on approval and your bank’s processing times.
No. Credit and affordability checks are required by law for all regulated UK lenders.
Before accepting a loan, you’ll see the full repayment amount in pounds and pence. Our interest is 0.79% – lower than the 0.8% cap – and we charge no fees when taking a loan. You’ll also never repay more than 100% of the amount borrowed.
Yes. You can settle your loan early at any time, and you’ll only pay interest for the period the loan was outstanding. There are no early repayment charges.
Before we approve a loan, we check that the repayments look affordable for you.
We review your income, essential outgoings and any existing commitments. If we don’t think the loan would be manageable, we may decline the application. That’s to help protect you from taking on debt that could cause problems later.
There are several reasons why an application may not be approved, including:
- Affordability concerns
- Insufficient or irregular income
- Existing financial commitments
- Incomplete or incorrect information
- Credit history factors
If we decline an application, it’s because we believe the loan may not be suitable or affordable based on the information available to us.
Yes. Applying for a loan involves a credit check, and your repayment history may be reported to credit reference agencies.
A £400 loan may be worth considering if you need short-term support with a smaller urgent cost and are confident the repayments would fit your budget.
If you’re already dealing with debt problems or ongoing financial pressure, it may be better to get independent advice before applying.
You may be able to get a loan if you are receiving benefits, as long as you are also in full-time employment and your overall income is sufficient to comfortably cover the repayments.
When reviewing applications, we consider your full financial situation, including your income, essential outgoings and existing commitments. All applications are assessed for affordability before any loan is offered.
All applications are assessed based on affordability.
Read our minimum lending requirements for more information.
No. A regulated lender cannot guarantee approval. Every application must be assessed for affordability and suitability.
We’re a direct lender.
You apply directly with us – not through a broker or loan-matching service. We don’t pass your details to other lenders unless you instruct us to, and you won’t be contacted by multiple loan companies as a result of an application with us.
If you think you might miss a payment, please contact us as soon as you can. We’re here to help.
Missing payments can affect your credit file and may lead to additional charges, subject to FCA limits. The sooner we speak, the sooner we can look at your options together.
Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk.
No. Moneyboat only provides one loan at a time.
You would need to repay your current Moneyboat loan in full before applying again, and any existing commitments would still be considered in our affordability checks.
Yes. You have the right to withdraw from your loan agreement within 14 days of signing.
If you do, you’ll need to repay the amount borrowed plus any interest that accrued while the loan was outstanding.
If you’re worried about making a repayment, it’s important to contact us as soon as possible.
We’ll work with you to understand your situation and discuss possible options. Missing payments can affect your credit file and may result in additional charges, subject to FCA limits.
Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk.
Most applications can be completed online without uploading paperwork straight away.
If asked, you’ll typically need to provide:
- Your personal details (name, address and contact information)
- Details of your income and employment
- Information about your regular monthly outgoings
- Your UK bank account details
In some cases, we may ask for additional information to verify your identity or confirm your income. This could include photo ID or recent bank statements, depending on your circumstances.
Any checks we carry out are part of our responsible lending and affordability assessment.
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