Looking for a payday loan? Our short-term loans can help

It’s simple to apply online in just a few steps:

1. Tell us how much you’d like to borrow: Between £200 and £800 for new customers, or up to £1,500 for returning ones.
2. Choose your repayment term: From 2 to 6 instalments, you can then repay in full when you’re next paid, with no early repayment fees!
3. Fill in your details:We’ll ask a few questions to check if the loan is right for you.
4. We’ll run some checks: Including a credit check and our lending criteria, helping us ensure we lend responsibly.
5. Get a quick decision: And if approved, you could have the money in your bank within 15 minutes.

Speed is one of the main reasons why people look for a payday loan. Once you’ve applied and we’ve completed our checks, Moneyboat’s short-term loans are typically paid within 15 minutes – so you can get the money you need without unnecessary delays.

Funds go straight into your bank account, and you can apply entirely online – no paperwork needed.

If you’re looking for a pay day loan direct lender, you might be comparing options to get quick access to cash without going through a broker. At Moneyboat, we’re a direct lender – which means we process your application ourselves and work directly with you from start to finish.

While we don’t offer traditional payday loans, our short-term loans can be used in a similar way. You can pay it off in full when you’re next paid or repay over 2 to 6 instalments – helping you manage an unexpected expense in a way that works best for you.

Yes! It’s possible to get a payday loan with bad credit, though approval will depend on the lender. At Moneyboat, we know that credit scores don’t always tell the full story. That’s why we assess each application individually and focus on affordability first.

Even if your credit history isn’t perfect, you may still be eligible for one of our short-term loans. We’ll just need to see that the repayments are manageable for you.

Some providers might be advertising payday loans UK no credit check, but all regulated lenders are required to carry out checks to make sure borrowing is affordable. At Moneyboat, we run a credit check as part of our responsible lending process – but we also look at your current financial situation, not just your credit score.

So, even if you’ve had trouble with credit in the past, you may still be eligible for one of our short-term loans.

We’re upfront about our pricing. Before you apply, you’ll see exactly what the loan will cost – including interest and any fees. We use APR (Annual Percentage Rate) to help you compare the cost of borrowing across different lenders. Remember, the shorter the loan term, the less interest you may pay overall.

Yes – and there are no early repayment charges. If you want to clear your balance before your final instalment, you’ll only pay interest up to the date you repay. That means you could save money by paying your loan off sooner.

We know that sometimes things don’t go to plan. If you think you’ll miss a payment, contact us as early as you can. We’ll always do our best to help, and we may be able to arrange an affordable plan with you. Missing payments can impact your credit score and may lead to extra charges, so it’s important to keep in touch.

Short-term borrowing can help in a pinch – but it’s not for everyone. If you’re behind on priority bills like rent, council tax or utilities, borrowing more might make things worse. Always make sure the repayments are affordable and think about alternatives, like:

• Speaking with your service providers about payment plans
• Asking friends or family for help

Looking into support from organisations such as Citizens Advice or StepChange

It depends on what you’re looking for. Pay day loans are usually repaid in full when you next get paid – which can feel like a quick fix, but it also means your next payday could leave you short again. That’s why many people prefer short-term loans as a more manageable alternative to pay day loans.

At Moneyboat, our short-term loans give you the flexibility to repay over 2 to 6 instalments, helping you manage costs more steadily over time. You can still repay in full early if that works for you – but you’re not tied to doing so all at once.

If you’re unsure, ask yourself:

• Can I repay everything on my next payday without falling behind elsewhere?
• Would it help to spread repayments over a few months instead?

Remember, short-term loans – like pay day loans – are designed for temporary use. They’re not a long-term solution, and it’s important to only borrow what you can afford to repay.

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.

If you’re searching for alternatives to payday loans in the UK, there are a few options to consider depending on your situation. These might include personal loans, credit cards, borrowing from friends or family, or speaking to your service providers about payment plans.

At Moneyboat, we offer short-term loans with flexible repayments – helping to ease the pressure of paying everything back in one go. Our loans give you up to 6 months to repay, with no hidden fees and a clear, straightforward process.