Quick loans
Cover urgent costs with our flexible short-term lending options. Explore quick loans with no hidden fees and monthly repayments from Moneyboat today.
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 from Moneyboat
If you need fast access to cash to help cover a one-off emergency expense, a quick loan from Moneyboat may be able to help. Borrow between £200 and £800 as a new customer, or up to £1500 if you’re a returning customer.
Pay for urgent costs with our quick and flexible loans
Even the most carefully managed budgets can be put under pressure by surprise bills and costs. Whether it’s an urgent household repair or an expensive car fault, our responsible lending options could give you more choice to help bridge a gap in your finances.
With transparent fees and flexible instalment plans, our secure and quick loans could be in your bank account on the same day you apply, provided you pass our eligibility checks.
Every application goes through our in-house underwriting team, meaning you could receive funds within 15 minutes* of final approval. No surprise broker fees. Just simple short-term borrowing options.
Apply for funds directly
Flexible weekly or monthly repayment options
Applications with bad credit considered
How much will a quick loan from Moneyboat cost?
Our short-term loans vary in cost depending on how much you borrow and for how long. No matter if you borrow for over two weeks or six months, we lock in the same daily interest rate from the start.
- Fixed fees throughout: Our daily interest rate is 0.79%, which is applied to the remaining loan amount.
- Choose how long you wish to repay: Our flexible repayment options let you spread the cost of quick loans over 2 to 6 months.
- Small personal loans, deposited quickly: Cover financial emergencies with loans from £200 to £800, or up to £1,500 if you’re a previous Moneyboat customer.
Representative example
Here’s what a quick loan from Moneyboat could look like if you borrowed £400 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 |
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 a quick loan the right option for me?
Just because a loan is quick doesn’t mean it’s always the right choice. Urgent costs often need resolving fast, but it’s important to consider whether short-term borrowing is the right path for you.
Our Moneyboat loans are available as an emergency alternative to rainy day funds if you need temporary financial relief. Short-term lending can offer fast and convenient cash, but it also includes a daily interest fee due to shorter repayment periods. Short-term loans shouldn’t be used to pay for everyday expenses.
If you’re not 100% confident that you can cover your monthly loan repayments comfortably, borrowing could add further strain to your finances. We always put our customers first, meaning we check your affordability as well as your eligibility before approving funds.
For more guidance on debt and borrowing options, reach out for free and confidential support from StepChange, MoneyHelper, and the National Debtline.
How do I apply for a Moneyboat loan?
Applying for a quick loan from Moneyboat is simple, fast and available online. We handle everything directly, so you can get a transparent loan with no unnecessary delays.
1. Share your details to get a quote
Apply online by sharing your personal details and how much you’d like to borrow.
2. Read and eSign your loan agreement
Once we complete our background checks, we’ll send you an email with your loan agreement to read and sign.
3. Quick loans, paid directly
Most applicants are approved on the same day. Following final approval, you could expect funds in your bank account in as little as 15 minutes*.
Who is eligible for a quick Moneyboat loan?
You’ll need to meet our minimum eligibility criteria to be considered for a quick loan:
- Aged 18+
- Regular income of £1,000
- UK resident
- UK bank account
Even if you have a history of bad credit, our quick loan approval process looks at matters beyond your credit score alone. We’ll consider your application in its own right and assess factors like your affordability to determine eligibility.
Read more insights on loan criteria and approval to help you understand short-term borrowing better.
Is Moneyboat a responsible lender?
Fair and responsible lending is at the heart of every application and conversation with our customers. As a direct lender, we’re regulated and licensed by the Financial Conduct Authority (FCA) to conduct thorough affordability checks, provide clear terms and transparent fees, and set out flexible repayment plans.
Quick funds from a trusted direct lender
From the moment you enquire, we handle your loan application directly and send funds straight to your bank account. Unlike with loan brokers, there are no unexpected charges.
Rated Excellent on Trustpilot
We’re rated Excellent on Trustpilot because we’re there for our customers when they need our support. Our award-winning services put you at the helm of your borrowing journey, with everything you need to stay informed.
Friendly and accessible UK support team
Need to get in touch? Our UK-based customer support team is on hand from Monday to Friday (8am to 7pm) on 020 3818 7470.
You can also email us at thecrew@moneyboat.co.uk for guidance.
FCA-regulated loans
You can check our services on the FCA Register under Evergreen Finance London Limited. Just search our register number: 674154.
Quick loan FAQs
What is a quick loan?
Quick loans are another name for short-term loans, which you borrow once, and then repay over a number of instalments until the loan is cleared. If you’re approved and pass all our credit checks, the funds could be in your bank account in a matter of hours.
Are there fees to apply for a quick loan from Moneyboat?
There are no application or broker fees when you apply for a quick short-term loan from Moneyboat. Our only fees include:
- Daily interest fee of 0.79% on your remaining loan amount
- One-time missed repayment fee of £15 if you don’t repay within three days of the agreed repayment date
What happens if I miss a repayment for my loan?
You may be charged a missed repayment penalty if you don’t resolve unpaid instalments by the terms set. Get in touch with us immediately if you think you might miss a repayment.
Missed repayments can negatively impact your credit report for up to six years. This can affect your future borrowing eligibility and your credit score, so make sure to avoid missed repayments wherever possible. Learn more about how missed repayments could impact your credit with our guide.
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 having a UK bank account or a certain regular income.
Where can I get free financial advice?
You can always consult third-party charities and organisations for free and independent guidance. If you’re struggling with your finances or you’re not sure where to start, reach out to the services below:
- 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
- Citizens Advice: Free and impartial guidance on employment, debt and benefits.
Shelter: Free advice on debt, housing and healthcare by phone and chat
Resources on borrowing and financial education
Find more information on borrowing, debt management and budgeting tips on our handy Moneyboat blog. Discover guides covering everything from building your credit to understanding loans.