Essential life cost you didn’t expect? Cover it with Moneyboat
Shattered phone screen? TV not responding? Broken washing machine? A Moneyboat loan can help you cover the cost, keeping you on track when life gets complicated.
✔ New customers can borrow £200 to £800
✔ Spread repayments over 2 to 6 months
✔ See the total cost before deciding
✔ 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.
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.
Thousands of customers rate us Excellent on Trustpilot!
Why choose a loan from Moneyboat?
We understand that when money is tight, you need a lender you can trust. We’re a UK-based direct lender, providing short-term loans with clear pricing and fixed repayments, so you always know what to expect.
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 human team
We focus on clear pricing and responsible lending, so you can make an informed decision before committing.
We’ll only offer a loan if we believe it’s affordable for you.
How a loan from Moneyboat works
Moneyboat provides regulated short-term loans intended for temporary financial emergencies, with clear terms. Here’s how a Moneyboat 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 individually.
Step 2
Get your
personalised offer
Before you accept, 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. Your full repayment schedule will always be shown upfront.
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 Moneyboat loan cost?
The total cost depends on how long you choose to repay. You’ll always see the full repayment amount before you agree to anything.
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.
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.
When a Moneyboat loan might help
A short-term Moneyboat loan may help with unexpected costs such as:
Short-term loans are intended for temporary use, not for ongoing financial difficulties.
Before you apply, check that the repayments fit comfortably into your monthly budget.
Is a Moneyboat loan right for you?
A Moneyboat loan can provide short-term support, but it might not be right for everyone.
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 expense | ✘ You’re struggling with ongoing debt |
| ✔ You have a regular income | ✘ You’re borrowing to repay other loans |
| ✔ You only need short-term borrowing | ✘ You need long-term financial support |
| ✔ You can comfortably afford repayments | ✘ You’re unsure about affordability |
Short-term credit should be used carefully. Take time to check your budget before applying.
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.
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 income
✔ Hold a UK bank account in your name
When you submit an application, we’ll complete a full credit check and a loan affordability assessment.
We look at your income, outgoings, and existing commitments to ensure any loan we offer is affordable.
Meeting the 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 Moneyboat loan with poor credit history
You can still apply even if you have a poor or limited credit history.
We focus on your current financial situation, including income and affordability, rather than just past credit issues.
Approval is not guaranteed. We only lend where repayments look manageable.
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.
Alternatives to a Moneyboat 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 borrowing rather than ongoing financial issues. If you’re experiencing longer-term money pressures, looking at support options first may be helpful.
Free and independent advice is available at moneyhelper.org.uk. You can also see a full list of free and independent support organisations here.
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