Emergency loans when you need help fast
From urgent car repairs to fixing a faulty boiler, when you need funds in a financial emergency, you need them fast. Our quick and easy emergency loans can help cover the cost of urgent expenses.
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.
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Warning: Late repayments can cause you serious money problems. For help, go to www.moneyhelper.org.uk.
Moneyboat's service is rated Excellent
Cover emergency costs with our fair and simple loans
We understand how stressful it can be when you need cash in an emergency. You can't always plan for every unexpected expense, and even when you try, the cost may be more than you originally budgeted for.
When urgent car repairs prevent you from getting to work or you’re faced with an urgent vet bill, it’s helpful to know there are options available. Our flexible emergency loans are designed to provide a temporary financial buffer until your next funds arrive.
Spread the cost of unplanned financial pressures over several months with our flexible repayment options.
Pay for emergency costs with no hidden fees
Choose from weekly or monthly repayments
Bad credit options available
How much will an emergency loan cost?
An emergency Moneyboat loan can help offer short-term financial relief to cover urgent expenses. The cost can vary depending on how much you borrow and how many instalments you wish to pay it over. Like a personal loan or credit card, you’ll repay your loan plus interest.
Here’s how it works:
- Flexible loan options: New customers can apply for a loan of £200 to £800, and returning customers can borrow up to £1,500.
- Affordable instalments: Choose how long you wish to repay, from 2 to 6 months.
- Straightforward fees: Our daily interest rate is 0.79%, with no hidden costs.
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 |
Find out more about our financial promotions and Annual Percentage Rates (APR).
Warning: Late repayments can cause you serious money problems. For help, go to MoneyHelper.
Is an emergency loan the right choice for me?
We offer alternative credit options for when you need a quick and secure boost to your budget. In most cases, we approve applications the very same day – helping you resolve financial emergencies without delay. But emergency cash loans might not be the right choice for everyone.
Even when you reach out to a responsible direct lender, emergency loans are best reserved as a last resort when your budget can’t meet your needs. If you’re struggling to cover priority bills and existing credit repayments, a short-term loan could put more pressure on your finances.
We only recommend applying for an emergency loan if you’re confident you can meet your repayments and you’re happy to pay the interest. We don’t encourage short-term borrowing to pay for non-essential expenses.
For free specialist financial advice, don’t hesitate to reach out to StepChange, MoneyHelper, and the National Debtline.
How do I apply for an emergency loan?
If you need cash quickly, we can offer a flexible safety net to help tide you over until your next funds arrive. Our application process is straightforward, and many borrowers are approved in a matter of hours.
Here’s how it works:
1. Apply for an emergency loan online
Fill in your details and let us know how much you wish to borrow, and for how long.
2. eSign your loan approval via email
We’ll complete our thorough background checks to see if you’re eligible to borrow. Once we’re happy, we’ll send your loan agreement for you to read and sign.
3. Receive your loan in just 15 minutes*
Once you’re approved, we could send your funds to your UK bank account within 15 minutes*.
Will I be accepted for an emergency loan?
To apply for an emergency loan with us, you’ll need to meet our minimum eligibility requirements:
- 18+
- Regular income of £1,000
- UK resident with UK bank account
We assess every borrower individually and look at factors beyond your credit history to review your eligibility. Even if you’re still working on building your credit score, we’ll still consider your application. Explore our payday loan eligibility guide for more insights on borrowing criteria.
Is Moneyboat a responsible lender?
We’re licensed and regulated by the Financial Conduct Authority (FCA) to offer flexible emergency loans in the UK. This means we take every precaution to review your affordability before approving any funding.
Trusted direct lender emergency loans
We send funds directly to your bank account. There are no hidden fees or surprises.
Rated Excellent on Trustpilot
We take your feedback on board to help improve our services.
UK-based customer support
Contact our team for help and support. Call us Monday to Friday (8am to 7pm) on 020 3818 7470.
FCA-regulated
You can find Moneyboat on the FCA Register. Our trading name is Evergreen Finance London Limited, and our register number is 674154.
Emergency loans: FAQs
What can I use an emergency loan for?
Emergency loans are only suitable to help cover urgent financial expenses that can’t wait. Many of our customers use them for:
- Car repairs affecting your ability to commute to work
- Broken boiler
- Leaks
- Electrical issues
- Vet bills
- Emergency medical and dental needs
- Urgent travel to support family
- Essential home appliance replacement
Can I use an emergency loan for car repairs?
Vehicle faults can appear out of the blue, and they can sometimes be more expensive than you bargained for. Our quick and flexible short-term loans can help you cover sudden MOT costs and car repairs if you need a temporary boost to your budget. Explore our information on MOT loans and car repair loans for more insights.
How quickly will I receive the funds?
We pride ourselves on our fast and fair approval process, helping you resolve financial emergencies without delay. Once we’ve completed our eligibility checks and you’ve read and signed your loan agreement, your loan could appear in your bank account within 15 minutes* of final approval.
What happens if I miss a repayment?
If you’re a Moneyboat customer and you’re concerned about missing a repayment with us, contact us immediately. We’ll discuss your situation and do our best to find a manageable solution. Missed repayments can negatively impact your credit report and result in penalty fees – so we’ll always do everything we can to support you. For more information, our guide to missed repayments explains the risks in more detail.
Where can I get free money advice?
If money stress is on your mind, help is always available. Reach out to third-party support organisations for free expert financial advice on managing priority bills and debt – including StepChange, MoneyHelper, Citizens Advice and the National Debtline.
Resources to help manage your budget
Our helpful Moneyboat blog is full of insights and guidance to help support you on your budgeting journey. Read our guides on how short-term borrowing works, as well as step-by-step money-saving guides. We’ve selected some topics for you below:
Latest blog posts
What to know before borrowing online
Find out how short-term and payday loan repayments work, how a loan can affect your credit history, and how to choose a safe and trustworthy lender.
Can I get a payday loan with bad credit?
Wondering how to get a payday loan with bad credit? Discover how your credit score affects eligibility, and what steps you can take to boost your chances.
Common uses for payday loans
Wondering about payday loans for unexpected expenses? From vet bills to urgent car repairs, we explore everyday situations where payday loans might help.