Bad credit loans

Need a loan but feeling held back by your credit score? Our bad credit loans are designed to give you quick access to fair, flexible borrowing when you need it most.At Moneyboat, we take a full financial view and look at more than just your credit history, we welcome applications even if you have bad credit.

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.

Important: Moneyboat provides a flexible short-term loan. Although these loans are widely recognised and often searched for by our customers as 'bad credit loans,' our focus is on providing clear and accessible financial options that meet your needs.

Borrow £200-£1,500

Spread over 2-6 months

With you in 15 minutes*

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Moneyboat's service is rated Excellent

How much will a bad credit loan cost?

Unlike some lenders, we don’t demand full repayment by your next payday. Our loans are spread over several months, making them safer and more affordable. We offer:

Safety & transparency: No guarantor needed, no brokers, no hidden costs
Flexible repayment options: Spread repayments or repay early to save on interest
Fast decisions: Approved funds could be in your account within 15 minutes*
Trusted lender: Clear terms, responsible lending, and thousands of positive customer reviews

Representative example

Depending on the size of your loan and how long you wish to pay it off, here’s how much your Moneyboat loan could cost based on the last working day of the month:

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.

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How easy is it to apply for a bad credit loan?

It’s easy to apply for our bad credit loan! You can do it from your phone, laptop, or tablet, and our in-house technology allows us to process your application at speed whilst remaining secure. Our application form only asks a few simple questions about you and once submitted, we’re able to automatically approve many applications.

Apply in three, easy steps:

1. Apply online in minutes
Fill in your personal details and tell us how much you’d like to borrow.
2. eSign your emailed approval
We’ll do our background checks and send you your loan agreement to read and sign online.
3. Funds paid in 15 minutes*
Once everything is complete and approved, we can send your loan directly to your UK bank account within 15 minutes*.

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Will I be accepted for a bad credit loan?

To be eligible for a Moneyboat bad credit loan you’ll need to meet the following requirements:

Are at least 18 years old and a UK resident
Earn a regular income of at least £1,050 per month.
Hold a UK bank account in your name.

Our bad credit loans are designed for short-term, emergency costs, not for long-term borrowing. We always run credit and affordability checks. These ensure that repayments will be manageable for you, protecting you from financial strain.

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Is Moneyboat a credible bad credit lender?

Yes, Moneyboat is a credible lender, licensed and regulated by the Financial Conduct Authority (FCA). Before we approve any applications, we take every step to ensure you can comfortably afford to repay your bad credit loan.

Trusted direct lender
We lend directly to our customers, meaning there are no broker fees or hidden costs.
Rated Excellent on Trustpilot
See the positive words thousands of customers have to say about our service.
UK-based support
Our friendly team is here to help. Call us Monday to Friday (8am to 7pm) on 020 3818 7470.
FCA regulated
You can find us on the FCA Register under our trading name Evergreen Finance London Limited. Our register number is 674154.

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FAQs: Bad Credit Loans

Will applying for a loan affect my credit score?

We run credit and affordability checks as part of our responsible lending process. While applications can leave a footprint on your credit file, making repayments on time can help improve your score over time.

What is the repayment period for bad credit loans?

You can repay over 2 to 6 weeks, choosing monthly or weekly instalments. We never ask for full repayment in a single lump sum but you’re welcome to pay off early at no extra cost.

Are there any hidden fees?

No. We never charge hidden fees, upfront costs, or early repayment penalties.

How quickly can I receive funds?

Once approved, funds could be in your account the same day, depending on your bank. Read more about our Moneyboat financial promotions, which explain our 15-minute funding process in more detail.

Will I need a guarantor?

No, our bad credit loans do not require a guarantor.

What if I struggle to make a repayment?

If you find yourself in difficulty, contact us as soon as possible. We may be able to adjust your repayment plan or direct you to trusted debt advice organisations for support. You can also read our guide on what to do if you’re struggling to repay your loan for more guidance.

Can a bad credit loan help improve my credit rating?

Yes, making repayments on time and in full can have a positive impact on your credit history over time.

Is borrowing with bad credit safe?

Yes. Moneyboat are authorised and regulated by The Financial Conduct Authority, Register Number 674154. We lend responsibly and ensure loans are affordable for your situation.

What factors cause a bad credit score?
A bad credit score can result from missed or late payments on loans, credit cards, or bills, as well as defaults, bankruptcies, IVAs, or County Court Judgments (CCJs). High levels of debt, applying for too much credit in a short period, or not being on the electoral roll can also lower your score.

How can I improve a bad credit score?
Improving your credit score takes time, but simple steps can help. Making all repayments on time, keeping your borrowing within manageable limits, registering on the electoral roll, and checking your credit file regularly for errors are all positive actions. Reducing your existing debt and avoiding multiple new applications for credit in a short space of time can also help.

For more insights and guidance, explore our guide on how to improve your credit score.

Where can I get free money advice?

If you’re feeling under financial pressure, there are various third-party organisations you can reach out to for confidential and impartial money and debt advice. Speak to StepChange, MoneyHelper, Citizens Advice and the National Debtline to discuss your options with someone who can help.

Apply today, quick, simple, transparent

Applying is free, quick, and secure. With no guarantor required, no upfront costs, and no hidden charges, our bad credit loans are designed to be safe and affordable.

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