Quick loans
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.
Quick loans
If you need access to quick cash to cover a one-off emergency expense, a quick loan may be able to help. You could borrow up to £800 as a new customer or £1500 as an existing customer today, subject to passing our application and checks.
Warning: Late repayments can cause you serious money problems. For help, go to www.moneyhelper.org.uk.
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.
What are quick loans?
Quick loans are another name for short-term and payday loans, which you borrow once, and then repay over a number of instalments until the loan is cleared. Quick loans can be in your bank on the same day that you apply, provided you are approved and pass all our credit checks.
A Moneyboat quick loan can be a fast, simple way to get your hands on the cash you need to meet unexpected costs. Our interest rates are competitive, and we always focus on responsible lending, ensuring you’re a good fit for the loan.
However, fast loans may not be suitable for everyone. If you’re not certain you will meet the payday loan criteria and repayment terms, looking into payday loan alternatives may be a better option.
Repay in instalments
We don’t ask you to repay your urgent short-term loan in one lump sum. Instead, choose to repay your quick loan in instalments spread over 2 to 6 months, with the option to repay in full at any time.
We’re approachable
If you’re in need of an urgent loan, our friendly crew is here to help you at every step of your journey with us. We’re not here to judge.
We’re responsible
At Moneyboat, we value our reputation for being a responsible lender. Our award-winning approach to lending offers competitive rates and outstanding customer service for our valued borrowers.
Borrow between £200 and £1,500
Our flexible loan amounts allow you the freedom to borrow the right amount for your needs.
Flexible lending criteria
We’ll always check that you can afford your short-term, small loan repayments, taking a human approach to making lending decisions.
Competitive rates
We charge a daily interest rate of just 0.79%, lower than the industry cap of 0.8%. We won’t charge you hidden fees and we’re always up front about the cost of your loan.
Simple
Apply for a loan hassle-free with an easy application process.
Direct
Get the money you need sent directly to your bank.
Fast
Funding can be released to our approved customers within 15 minutes.*
Reliable
Free application process with transparent borrowing charges.
What’s the difference between payday loans and quick loans?
Both short-term quick loans and payday loans offer fast access to cash, but there are some key differences to note too:
- Repayment terms: Payday loans are typically due in full on your next payday, whereas fast short-term loans can be paid back in instalments (with the flexibility to repay in full should you want to).
- Flexibility: Short-term loans give you that extra bit of flexibility, allowing you to spread out the payments over time. This can make it easier to manage your monthly budget.
- Affordability: Repaying your urgent loan in instalments may help make repayments more affordable, reducing the pressure to pay back in one lump sum.
Why you should get your quick loan from Moneyboat
If you’re looking for a fast loan in the UK, we work with our customers to help them access credit that is quick, affordable and flexible.
Unlike standard payday loans, you won’t be asked to repay your short-term loan in full by your next payday, as we know this can sometimes stretch your budget too far. That’s why we give you the option to repay your loan between 2 to 6 months.
As responsible lenders, we always run credit and affordability checks before offering you a loan. Don’t have a perfect credit record? That doesn’t have to be a problem. Our lending criteria means that you may be able to access quick loans through Moneyboat.
How do I apply for a quick loan from Moneyboat?
- Click on the ‘Apply now’ button and fill in our free and easy, online application form
- We'll then carry out credit and affordability checks
- Sign and send back your loan agreement – sent to your email subject to approval
- Receive your loan directly into your UK bank account
Trusted direct lender
We directly lend short-term loans to our customers without the need to involve any brokers.
Multiple borrowing options
Approved new customers could borrow £200 to £800, and existing customers could borrow up to £1,500 – both subject to passing credit and affordability checks.
No guarantor needed
You don't need a guarantor to apply for a Moneyboat loan, as we provide an affordable loan solution based on your financial requirements.
Friendly advisors
Our experienced team is here to help you with any questions you may have throughout the application process.
Moneyboat's service is rated Excellent
Representative Example
Based on the last working day of each month
Interest rate 288.35% pa (fixed) Representative 1,267.9% APR
| Borrow | Payback Period | Monthly Repayments | Total |
|---|---|---|---|
| £400 | 4 months | £156.09 | £624.34 |
Warning: Late repayments can cause you serious money problems. For help, go to www.moneyhelper.org.uk.
*Our guide to financial promotions
Warning: Late repayments can cause you serious money problems. For help, go to www.moneyhelper.org.uk.
Quick loans FAQs
What are quick loan lending criteria?
- You must be at least 18 years old
- You must be in full or part-time employment
- You must receive a minimum NET income of £1,000 per month
- You must hold a UK bank account and debit card
What are the advantages of quick loans?
Applying for quick loans in the UK is simple and can be done online. Once you’re approved, you can often receive the money in your bank account within hours of approval.
Quick loan repayments can be spread over a number of instalments to suit you, and you can borrow between £200 and £1,500.
We consider lending to people who have been rejected for bank loans and credit cards, provided they meet our lending criteria.
What are the disadvantages of quick loans?
Quick, small loans can be convenient and relatively easy to get. As a result, they may be more expensive than some other types of credit.
Interest rates can be high, with charges and fees often added for late payments. Quick loan lenders also tend to offer smaller loan values than banks and other personal loan providers who allow repayments over a longer period of time. Therefore, a quick loan might not be suitable for you if you need to access more than £1,500.
How many quick loans can you have at once?
You can sometimes take out more than one quick loan at the same time, particularly if you borrow through several different lenders. However, it’s not wise to build up debt in this way, as it can make it difficult to meet your repayment responsibilities.
As part of our responsible lending procedure, we’ll check what other loans you may already be paying off before we agree to lend you money.
Why can't I get a quick loan?
There could be various reasons why you might be turned down for a quick loan online. Lenders will check your credit record for CCJs (County Court Judgements) or bankruptcy. Meanwhile, if you have a history of defaulting on loans, this may also impact your chances of approval. Alternatively, you may not meet a lender’s minimum lending criteria, such as being in full or part-time employment, or your regular income.
Quick loans and debt
Where can I get free financial advice?
For financial advice, you can always consult third-party charities and organisations for free and independent guidance. If you’re struggling with your finances or not sure where to start, reach out to the companies below, who are authorised by the FCA (Financial Conduct Authority) to offer free advice
- MoneyHelper: Government service offering free financial advice by chat, WhatsApp or phone
- National Debtline: Free and independent debt advice by phone or chat
- StepChange: Free debt advice by app or phone
- Shelter: Free advice on debt, housing and healthcare by phone and chat
Other resources for help with debt: