Direct lender loans from Moneyboat
No brokers. No hidden fees. Applying for direct lender loans is quick and easy with Moneyboat. Borrow up to £200 to £1,500 with repayments spread over 2 to 6 months. Get funds directly to your bank account in as little as 15 minutes* after 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.
Warning: Late repayments can cause you serious money problems. For help, go to www.moneyhelper.org.uk.
Why customers rate Moneyboat as ‘Excellent’
Cover unexpected costs with a direct lender loan
We know how stressful it can be when your budget is impacted by an unexpected expense. Even with careful planning, financial emergencies and sudden bills can interrupt your spending plan, leaving you feeling stretched until your next payday.
These moments don’t wait for the right time – they can happen to anyone. Our direct lender loans can help offer a fast and flexible buffer to help you stay on track until your next funds arrive.
As a responsible direct lender, we handle the entire process from application to payout. We’re proud to offer quick borrowing solutions so you can resolve urgent costs without delay. With zero broker fees and an expert in-house underwriting team, we do everything we can to help streamline our direct loans.
Cover financial emergencies up front
Choose from weekly or monthly repayment instalments
Bad credit applications welcome
How much will it cost?
We’re a flexible direct lender, meaning our online loans can vary in cost depending on how much you’d like to borrow and how many instalments you’d like to repay it over. You’ll pay back the amount borrowed, plus daily interest.
You can expect:
- Tailored loan amounts: Apply for a loan between £200 and £800 as a new customer, or up to £1,500 if you’re a returning customer.
- Adaptable instalment plans: Choose how many repayments you wish to make, spread over 2 to 6 months.
- Transparent fees: You’ll pay a daily interest rate of 0.79% on your remaining balance with no hidden costs.
Representative example
Here’s an example of how our direct lender loans could look like with a loan of £400, borrowed on the last working day of the month:
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.
| Borrow | Payback Period | Monthly Repayments | Total |
|---|---|---|---|
| £400 | 4 months | £156.09 | £624.34 |
Looking for more details? Find out more about our financial promotions, loan charges and Annual Percentage Rates (APR).
Warning: Late repayments can cause you serious money problems. For help, go to MoneyHelper.
Should I borrow with a direct lender online?
We’re here to help relieve the pressure of urgent costs, giving you more choice when your budget is at its limit. But we’ll also take every precaution to assess your affordability, so you don’t borrow more than you can manage.
Short-term borrowing tends to carry higher costs due to shorter borrowing terms. This means it may not be the right option for everyone. Urgent short-term loans from direct lenders are only suitable for unexpected costs such as sudden car repairs, essential home appliance repairs, and emergency bills.
If you’re not sure whether a short-term direct lender loan is right for you, or you’re worried about priority bills and debt, expert support is just a click or phone call away. Third-party organisations such as StepChange, MoneyHelper, and the National Debtline can offer free financial advice.
How do I apply for a Moneyboat loan?
Being a direct lender allows us to offer a simple and hassle-free loan application process, where most applicants are approved on the same day. Here’s how our direct loans work:
1. Apply for a loan directly with us
Get a quick quote to see how much it could cost. If you apply, we’ll just need a few important details to help us complete our checks.
2. Read and eSign your loan agreement online
Our internal eligibility checks ensure that you’re a good fit for the loan. We’ll then share your loan agreement to read and sign via email.
3. Funds in your account in just 15 minutes*
After final approval, your loan could arrive in your UK bank account within 15 minutes*.
Am I eligible to apply for a direct lender loan?
To qualify for a direct lender loan, borrowers must meet our minimum eligibility requirements:
- Aged 18+
- Regular income of £1,000
- UK resident
- UK bank account
If you’re still improving your credit score, don’t worry. We review every application individually, looking at more than just your credit report. We explain all you need to know about approval criteria in our payday loan eligibility guide.
When used responsibly, short-term loans can help build creditworthiness by proving you can repay on time. But if you miss a repayment, this could negatively impact your credit report.
Is Moneyboat a credible direct lender?
Responsible lending is central to everything we do, which means putting our customers first. Licensed and regulated by the Financial Conduct Authority (FCA), direct lenders have a responsibility to offer transparent borrowing costs and conduct comprehensive assessments before granting any loans.
Trusted direct lender loans
Funds are shared quickly and securely to your UK bank account. You’ll borrow from us directly, rather than through a broker who could charge additional fees.
Rated Excellent on Trustpilot
We take your feedback seriously to help improve our services.
Accessible UK customer support
Call our friendly support team from Monday to Friday (8am to 7pm) on 020 3818 7470. You can also email us at thecrew@moneyboat.co.uk.
FCA-regulated lending
Search for us on the FCA Register under Evergreen Finance London Limited. Our register number is 674154.
Direct lender loans: FAQs
What is the difference between a broker and a direct lender?
Loan brokers help people find loans, often charging a fee for their services. Meanwhile, direct lenders provide the loan to the customer themselves, without a middleman. By going direct, you can benefit from faster funding, direct communication and clear fees. Our guide to payday loan brokers vs direct lenders explains this in more detail.
Are there fees for applying through a direct lender?
When you apply for a Moneyboat loan, you’ll only pay a daily interest fee of 0.79%. If you miss a repayment, there’s a chance you could be charged an initial fee of £15 if you don’t settle the agreed payment within three days of the original repayment date. These are the only fees you could face.
Can I repay my loan early?
Absolutely. You can repay your loan earlier than your instalment plan or repay in full at no extra cost.
What happens if I miss a payment with a direct lender?
If you’re an existing Moneyboat customer and there’s a chance you could miss a repayment, get in touch with us right away via email (thecrew@moneyboat.co.uk.) or by calling 020 3818 7470. If you miss a repayment and you don’t resolve it by the terms set, you could face penalty charges up to £15. What’s more, it could negatively impact your credit report for up to six years.
Read more about how missed repayments could impact your credit with our detailed guide.
Where can I find free financial advice?
Worried about your finances? You can find support and guidance on money management, employment, debt and credit options from third-party support organisations such as MoneyHelper, StepChange, Citizens Advice and the National Debtline. You don’t have to face it alone.
Helpful resources to help manage unexpected costs
Find more resources to help navigate the right course for you. Head to our Moneyboat blog for more insights and guides on budgeting, borrowing and credit management, and payday loan options.
*Read more about our 15-minute funding terms and conditions.