Payday Loans Online Alternative
MoneyBoat are authorised and regulated by the FCA
Our Flexible Approach
Interest rate 255.5% pa (fixed)
Representative 939.5% APR
|Payback period||4 months|
How a Flexible Payday Loan Works
Typically, payday loans are designed for very short term circumstances and repayments, usually needing to be fully repaid within around 30 days or even less, making them by their very nature, truly inflexible. Our flexible payday loans though are designed to fit around your life, needs and requirements and can be repaid over 10 days to 6 months as you require.
Therefore, no matter your specific financial circumstances, you are very likely to be able to find a way in which a MoneyBoat loan can truly work with you, in a way simply not offered by most other lenders.
However, our product remains classified as a payday loan; possible to be repaid over the traditionally utilised period for these kinds of loans should you desire, adding to the flexibility of our loans.
Helping Make Repayments Easier
Because of the flexibility offered with all of our loans, should you wish to repay early, you are not penalised. This means that it is possible to take out one of our loans for a period of 6 months but repay it within a much shorter time frame. Making our loans this flexible also allows you to sleep easy, in the knowledge that you have a longer time in which to repay an otherwise very short term product.
This is also one of the ways in which we promote responsible lending and borrowing of loans, as early repayments can have a positive impact on your credit rating, making you a more appealing prospect for short term lenders in the future.
More Flexible Than Traditional Online Payday Loans
Part of what makes a MoneyBoat loan more flexible and easier to manage than many others is our lower interest rates. We don’t charge the online payday loans industry maximum of 0.8% interest per day.
Rather, we charge 0.7% which amounts to financial savings and lower repayment amounts over the course of your loan, making it more manageable and easier to repay. This is because we value our customers and aim to help get you out of a spiral of debt, if not avoiding it altogether.
Furthermore, if you are struggling to repay your payday loan, we do not simply chase you and ask you for the money regardless. Our team are experienced professionals and are able to work with you to help you set up a financial repayment plan to help get you back on track as soon as possible, which are one of many benefits of taking out a MoneyBoat loan.
A Clear and Open Approach
Easy Application Process
Lower Interest Rates
Helping You Develop Positive Financial Habits
Spreading out your repayments over a more manageable timeframe not only means more manageable repayment amounts for payday loans. It also means that by virtue of repaying consistently, you are likely to develop positive financial and spending habits, becoming accustomed to managing your money that bit better than you may otherwise have. Moreover, our repayment plans are designed to be as affordable as possible.
A New Approach to Payday Loans
Many lenders exclude entire categories of prospective borrowers. For example, many short term lenders will not lend to applicants who have County Court Judgements (CCJs) and other blemishes on their credit history. MoneyBoat however, considers each and every customer on their individual merit and we therefore consider every applicant for a suitable loan.
We do not believe that your financial past should necessarily dictate your future. It may be the case that you simply need that bit extra to tide you over for a short period of time, getting you back on track and on your feet for the future.
We therefore do not apply rigidly uniform requirements which exclude borrowers immediately. Our loans are designed specifically to help get you through what may be a tough time and therefore, our UK based team are always on hand to help alleviate your concerns and answer your questions.