Payday loan lenders. Borrow between £200 and £1,500

Do you need some extra cash today? Our payday loans are quick, flexible, and fair. Apply now and borrow from £200-£800 as a new customer or up to £1,500 as an existing customer without any hassle or delay. How much do you want to borrow?

Representative Example: Borrow £400 for 4 months, 4 monthly repayments of £149.37. Total repayment £597.48, interest rate p.a. (fixed) 255.5%. Representative APR 939.5%. Compare Moneyboat loans.

Warning: Late repayments can cause you serious money problems. For help, go to

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What is a payday loan?

A payday loan is a small amount of money you borrow to cover unexpected expenses before your next payday. These loans usually have high fixed interest rates and are repaid in manageable instalments, but they may not be suitable for everyone’s needs. They're ideal for situations like car repairs, dental work, or a new oven, where you need money quickly. We offer payday loans that are easy to apply for online, and we can even approve you for a loan if your credit record isn't perfect. Our loans are designed to provide a quick solution for those who need emergency cash and can afford to pay back their loan in manageable payments. Check out our guide to alternatives to payday loans if a payday loan doesn’t feel like the best option for you right now – there are lots of different options you can look into. You could also explore other options like personal loans or credit cards that might have better terms and lower interest rates.

Why choose a Moneyboat payday loan?

Need cash before you next get paid? Apply for a payday loan online with Moneyboat. As trusted payday loan lenders, we’ve tailored our 15-minute funding so that it helps you access the cash you need fast. Applying is easy with our quick, transparent, and straightforward process. With us, you can customise your payday loan to your desired amount (up to £200 for new customers, and £1500 for existing customers) and repayment term (repay in two or more instalments over up to six months).

Rest assured that our interest rates are competitive in comparison to other UK payday loan direct lenders - you can trust us for a reasonable APR and no unexpected fees. You can explore other options if a payday loan doesn’t seem like the right fit for you right now - other payday loan alternatives, such as personal loans or credit cards, which could offer more favourable terms and lower interest rates, are also worth considering. Our guide on what to consider when applying for a payday loan can help with your decision.

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Payday loans from £200

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Representative Example: Borrow £400 for 4 months, 4 monthly repayments of £149.37. Total repayment £597.48, interest rate p.a. (fixed) 255.5%. Representative APR 939.5%. Compare Moneyboat loans.

Warning: Late repayments can cause you serious money problems. For help, go to

Payday Loans FAQs

Finance-related language and terms can be confusing, particularly when it comes to loans. We know it's crucial to have a clear understanding of your financial decisions, so we've put together some straightforward information to help answer common questions about getting payday loans online.

To be eligible for a payday loan in the UK, you typically need to meet the following criteria:

  • You must be at least 18 years old and a resident of the UK.
  • You need to have a regular source of income to demonstrate that you can repay the loan - this includes full time and part time employment with a steady income, and does not include those on benefits, or those who have had a CCJ or declared bankruptcy in the last three years.
  • You'll also need to have a UK bank account in your name so that the payday lender can deposit the loan funds and collect repayments.
  • You must also pass a credit check, which assesses your credit history, searches for a history of CCJs and determines your creditworthiness.

Other payday loan lenders may have even more stringent requirements, such as having never declared bankruptcy or having a good credit score.

  • Easy and quick application.
  • Payday loans can have fewer eligibility requirements than other loans
  • It’s possible to borrow money without a perfect credit record.
  • Direct payday loans are unsecured, which means you don’t need to offer property or valuables to back them up.
  • If your application is approved, you can access your money quicker than with a standard loan.
  • There are flexible repayment options to suit your needs.

  • Payday loans are costly in the short term due to high-interest rates.
  • Missing a repayment can result in late payment fees, and it's easy to get trapped in a debt cycle.
  • Payday loans will not improve your credit score, no matter how big or small.
  • You'll need to meet some basic eligibility criteria, such as being over 18 and having a UK bank account.
  • Direct payday loans are typically not available to the self-employed, unemployed, and students who do not earn £1000 per month.

Payday loan companies will consider a few things before they offer you a loan and each of these could determine the amount you can borrow:

  • Your income
  • Your outgoings
  • Your employment status
  • Your credit record

When borrowing from a direct payday loan lender, the amount you can borrow depends on how much you need and the payday loan lender's loan options. It's best to avoid borrowing more than necessary, and our online payday loans range from £200 to £800 for new customers and up to £1,500 for returning customers.

Moneyboat loans are a way to get your hands on much-needed cash quickly. With Moneyboat this means that you could receive your loan in your bank account within 15 minutes of being approved, provided all our underwriting checks have been completed. Learn more about our 15-minute funding. Other payday loan companies may make their payments less often and you may wait hours or days for your loan to arrive.

At Moneyboat, we only allow you to take out one payday loan at a time. While it's possible to take out multiple loans from different lenders, responsible payday loan direct lenders should reject applications from borrowers who may be taking on too much debt. Short-term loans like payday loans aren't meant to be a long-term solution, so it's best to take out only one loan at a time and make sure you can pay it back as agreed. Each lender has its own criteria, but they can use tools like Open Banking to see your income and expenditure. Whilst we also make use of innovative technology, occasionally we may ask to see your payslips or bank statements to verify your income and account details.

If you've been declined for a payday loan online, there may be several reasons for this. Self-employed or unemployed individuals and those with a poor credit rating may not be eligible. Additionally, you may not meet the payday lender's minimum requirements, such as income or age. Before applying for a loan, check the payday loan company’s eligibility criteria to avoid potentially damaging your credit rating with an unsuccessful application.

Moneyboat may consider payday loans for students if they earn at least £1,000 per month and are employed full-time. As a responsible lender, we prioritise our customers' best interests and conduct credit checks before making any decisions. If an applicant has a poor credit rating, they may not qualify for a Moneyboat loan. However, we assess each application individually and may still consider those with less-than-perfect credit scores if they meet our full eligibility criteria.

With our loans, you can choose to repay in two or more instalments over up to six months- you don't have to pay back the whole amount on your next payday. We will take payments from your account automatically or you can also pay off your loan early without any extra charges. We want to help you save money and manage your finances better. If you have trouble making payments, we can work with you to create a plan that fits your needs, but keep in mind that this may cost you more in interest and late payment fees.

Taking out a direct payday loan will almost always have an impact on your credit score. Depending on how a creditor performs their checks and because we have to run a credit check before we can accept your application for a payday loan, this will show on your credit report and can affect your credit score.

If you don’t have a credit history, you may struggle to be approved for a payday loan. This doesn't mean you will always have trouble getting credit, you will just need to build a credit record before starting to apply. You can check your credit score through agencies like Experian and you can check out our guide on how to build your credit score for more information too.

Before taking out a payday loan, it's important to know about the costs and fees involved. Different payday loan lenders and products can have different charges. Make sure to check things like daily interest rates, APRs, arrangement fees, and late payment charges before choosing a lender.

It's essential to understand the total cost of borrowing, so you can make the best decision for your situation.