Instalment loans
Looking for a clear and affordable way to borrow without repaying everything at once? Moneyboat lets you split your short-term loan into manageable instalments, helping to spread repayments in a way that suits your budget.
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.
Important: Moneyboat provides a flexible short-term loan. Although these loans are widely recognised and often searched for by our customers as 'instalment loans,' our focus is on providing clear and accessible financial options that meet your needs.
Warning: Late repayments can cause you serious money problems. For help, go to www.moneyhelper.org.uk.
Simple
Hassle-free loan application.
Direct
Funds sent directly to your bank.
Fast
Receive funds in as little as 15 minutes* once approved.
Reliable
Transparent borrowing costs and no hidden fees.
What is an instalment loan?
Short-term instalment loans let you borrow a fixed sum, then repay it gradually over several smaller payments. This can help reduce the impact on your weekly or monthly finances, making it easier to manage compared to one-off payday loans.
At Moneyboat, you can spread the repayments of your short-term loan evenly over two to six months, with the flexibility to pay off your loan early whenever you like – and with no additional fees.
Representative Example: Borrow £400 for 4 months, 4 monthly repayments of £156.09. Total repayment £624.34, interest rate p.a. (fixed) 288.35%. Representative APR 1,267.9%.
Compare payday loans.
Warning: Late repayments can cause you serious money problems. For help, go to www.moneyhelper.org.uk.
Why repay your loan in instalments?
Life is unpredictable, and unexpected costs can arise at any time. Moneyboat surveyed 1,000 UK adults and found:
- 73% struggle to save due to rising living costs
- 63% have applied for credit in the last two years
If you haven’t built an emergency fund yet, an instalment loan from a trusted direct lender could help cover urgent expenses.
Common reasons to consider an instalment loan include:
- Unexpected bills or expenses
- Debt consolidation
- Medical or dental treatments
- Emergency travel costs
Learn how to build an emergency fund with our helpful guide.
Why Moneyboat?
Trusted direct lender
We lend short-term loans directly to you – no brokers involved.
Multiple borrowing options
New customers can apply for £200 to £800, and returning customers up to £1,500 (subject to affordability checks).
No guarantor needed
We provide loans based on your finances, so no guarantor is required.
Friendly advisors
Our experienced team is ready to help with any queries you have.
Moneyboat's service is rated Excellent
How do instalment loans work?
Applying for a Moneyboat short-term instalment loan is simple:
- Choose how much you want to borrow
- Decide on the number of repayments spread over 2 to 6 months
- Select your repayment dates aligned with your payday
Once approved, your money can be with you in as little as 15 minutes*. Please see our eligibility requirements for more info on approvals.
Remember: Late payments can incur fees and impact your credit score. Always ensure repayments are affordable before borrowing.
If you ever feel like you’re struggling with repaying your debts, contact us today if you have a Moneyboat loan, or discuss your options for free with:
How are short-term loans different from payday loans?
Moneyboat's short-term loans are a fair and flexible alternative to payday loans. Here’s how:
- Repayment flexibility: Repay over 2 to 6 months rather than one lump sum.
- Manageable repayments: Spread costs to ease your repayment amounts.
- Affordability: Gradual repayments make borrowing simpler to budget for.
Is an instalment loan right for me?
Carefully consider your finances before applying for any loan. If you’re struggling with existing debts or priority bills, borrowing might not be the right solution.
Instalment loans for bad credit
We understand how stressful having bad credit can be. At Moneyboat, each application is reviewed individually. Even with less-than-perfect credit, you can still apply for a loan up to £800 as a new customer.
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.
Representative Example: Borrow £400 for 4 months, 4 monthly repayments of £156.09. Total repayment £624.34, interest rate p.a. (fixed) 288.35%. Representative APR 1,267.9%.
Compare payday loans.
Instalment loan FAQ's
To apply for a Moneyboat loan, you must:
- Be at least 18 years old
- Be in full or part-time employment
- Have a minimum net monthly income of £1,000
- Have a UK bank account or debit card
Eligible customers can receive funds within 15 minutes* of approval for their short-term instalment loan.
Repaying responsibly can help your credit rating – but this isn’t guaranteed. Making regular repayments on time can demonstrate that you’re a responsible borrower, which can help boost your credit rating over time.
It’s important to know that any missed payments could harm your credit rating. Always double check that you’ll be able to comfortably meet your repayments before applying for an instalment loan from a direct lender – even if it’s spread over several months.
There are various third-party charities and organisations which offer free, independent financial advice. If you’re struggling with your finances, you can always reach out to one of the following: