Small Personal Loans
Small Personal Loans
Searching for quick cash to sort out an emergency financial situation? Our short-term loan can offer you a speedy and flexible solution, even for those with bad credit. Whether you're a new customer or an existing one, you can apply to borrow the amount you are looking for – new customers can borrow anywhere between £200 and £800, and return customers can apply for a small amount, or up to £1800.
Apply for a loan hassle-free with an easy application process.
Get the money you need sent directly to your bank.
Funding can be released to our approved customers within 15 minutes.*
Free application process with transparent borrowing charges.
Can I get a small loan if I have bad credit?
When your credit score isn't quite up to the standard required for traditional bank loans, you might panic if unexpected expenses crop up and you need quick cash. Finding a payday loan with a poor credit score, no matter how small the loan amount is, can feel challenging, but we're here to lend a helping hand. This is where trusted direct lenders like Moneyboat come in, as we offer a small loan product to those who need it, provided they meet our minimum requirements.
Our bad credit loan can offer speed and flexibility for those with a poor credit score, with repayment spread over a minimum term of two instalments. We give you the option of weekly or monthly payments based on your pay schedule, so there’s no need to stress about repaying the entire loan balance on your next payday! At Moneyboat, we understand the importance of accessibility, even for those with less-than-perfect credit scores. Apply today and let us help you navigate your financial needs with a small loan from Moneyboat.
Small cash loans may not be the ideal solution for everyone. That's why we’re happy to discuss payday loan alternative options you could consider, such as personal loans or credit cards. These alternatives may offer better terms and lower interest rates, and our team can provide further information to help you make an informed decision.
Why choose a Moneyboat small loan?
At Moneyboat, we want to provide you with the flexibility, transparency and support you need when it comes to managing your financial needs. We prioritise tailoring our loan to suit your specific needs, especially with a loan for a small amount to help you get through an emergency, like your car breaking down.
As a newly approved customer, you could borrow a small personal loan ranging from £200 to £800 if you meet our minimum lending requirements. Our existing customers may be eligible to borrow a larger amount, up to £1500. We want to take away some of your stress, so you won't be burdened with repaying the entire loan balance on your next payday. Our repayment terms are flexible, spanning from two to six instalments.
We have a competitive interest rate of 0.7% per day, which is calculated based on the balance you have left to pay, providing you with more flexibility and better interest rates compared to other online payday lenders.
Trusted Direct Lender
We directly lend payday loans to our customers without involving any brokers.
Multiple Borrowing Options
Approved new customers could borrow £200-£800, and existing customers could borrow up to £1,500 upon passing credit and affordability checks.
No Guarantor Needed
You don't need a guarantor to apply for our payday loan, as we provide an affordable loan solution based on your financial requirements.
Our experienced team is here to help you with any questions you may have throughout the application process.
Moneyboat's service is rated Excellent
What are the benefits of small loans?
The application process can be simple and swift.
Small loans often have less eligibility requirements than other loan options.
It’s possible to borrow money even with a poor credit history.
Small loans are unsecured, so you don’t need to provide collateral such as your house or valuables.
Moneyboat have flexible repayment options tailored to your specific needs.
What are the disadvantages of small loans?
Small loans can be expensive in the short term because of high-interest rates.
Missing a repayment can lead to late payment fees and potentially trap you in a cycle of debt.
Regardless of the loan amount, small payday loans will not improve your credit score and will also appear on your credit score.
You need to meet the basic eligibility criteria to be considered for a loan.
Self-employed individuals, unemployed individuals, and students earning less than £1000 per month will not qualify for our small loan.
How do I apply for a Moneyboat loan?
Ready to apply for our convenient quick cash loan? Follow these simple steps to get started:
Use our loan slider to select how much money you need to borrow.
Fill out our application form, which typically takes around 10 minutes.
Prepare to provide details about what you spend every month during the application.
Ensure you meet our eligibility requirements.
Verification and review of your application typically take approximately 30 minutes. Once approved, the funds could be deposited into your account in as little as 15 minutes*! Responsible lending is very important to us, so you can be sure that we’ll take into consideration your unique situation when reviewing your loan application.
What eligibility criteria do I need to meet to apply for a Moneyboat loan?
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/or 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 where we can deposit the loan funds and collect repayments.
You must also pass a credit check, which assesses your credit history and searches for a history of CCJs.