facebook
Login Apply

The cost of borrowing £300 over 6 months:

#1
Fast Loan UK £507.48
#2
Mr Lender £544.00
#3
Cashasap £556.23
#4
Lending Stream £579.00
#5
Money Platform £586.26
#6
Savvy £595.00
#7
QuidMarket £596.46
#8
Cash4unow £599.82
#9
Fernovo £595.92
#10
Ticktock Loans £595.92
#11
Loan Pig £595.92
#12
Moneybag £600.00

Proud to offer the cheapest instant short term loans in the UK

Compare our loans to other lenders here

Warning: Late repayment can cause serious money problems. For help, go to moneyhelper.org.uk

Representative example:

Borrow: £300 over 8 months. 8 repayments of £70.31. Total amount payable £562.44. Interest rate: 130.21% pa (fixed). Representative APR: 840.75%

If you’ve been searching for a lender who offers short-term borrowing in a clear and straightforward way, you may have come across Moneyboat. They’re known for offering smaller, manageable loan amounts with repayment schedules that are easy to understand.

Here at Fast Loan UK, we like to give you the full picture, whether you’re looking for loans like Moneyboat, exploring Moneyboat alternatives, or simply weighing up your options before you commit to a quick loan. Let’s take a closer look at who they are, what they offer, and how they fit into the broader short-term lending market.

Who Are Moneyboat Loans

Moneyboat loans are provided by Evergreen Finance London Ltd, a direct lender regulated by the Financial Conduct Authority (FCA). They focus on short-term, unsecured loans aimed at people who might need a little extra financial support for unexpected expenses, whether that’s a car repair loan, a sudden bill, or just bridging a gap until payday.

Unlike some larger lenders, Moneyboat take a more personal approach to applications, assessing each one individually rather than relying purely on automated credit scoring. This means they may consider applicants with less-than-perfect credit histories, although approval is never guaranteed.

They operate entirely online, so applications, approvals, and repayments can all be handled digitally. While they share similarities with other short term loan UK providers, their structure and loan amounts set them apart from some competitors.

How Much Can You Borrow From Moneyboat

When borrowing from Moneyboat, the smallest amount you can apply for is £200, while the maximum is £1,500 for returning customers who have demonstrated reliable repayments in the past. For first-time borrowers, the maximum available is lower, typically capped at £800 to help ensure affordability.

If you’re looking for something smaller, like a £50 loan or a £200 loan, there are other lenders, including Fast Loan UK, who can help with those amounts and may have different repayment structures. If you are a new customer with us, you can apply for up to £800 and choose repayments of up to 8 months. Returning, trusted customers can apply for up to £2000 and choose a maximum repayment term of 12 months.

Types of Loans Moneyboat Offer

Moneyboat offer unsecured instalment loans, meaning you don’t need to provide any collateral. These are designed to be repaid in regular monthly instalments, usually over a few months.

While the loans can be used for a range of purposes, they’re typically aimed at helping people manage unexpected expenses, cover temporary cash flow issues, or deal with emergency repairs. They’re not intended for long-term borrowing, and Moneyboat loans should only be taken out if you’re confident you can repay on time.

Some people compare them to payday loan products, but there’s a key difference. Instead of requiring you to repay in one lump sum on your next payday, their instalment structure spreads the cost, which can be more manageable for some borrowers.

Are Moneyboat a Legitimate Lender?

Yes, Moneyboat are a legitimate, regulated UK lender. Evergreen Finance London Ltd, who operate the brand, are authorised and regulated by the FCA. This means they must follow strict guidelines on fair lending, affordability checks, and transparency in their terms.

They’re also members of industry bodies that promote responsible lending, which offers extra reassurance. While it’s always a good idea to check the FCA register yourself before borrowing from any lender, you can be confident that Moneyboat loans come from a compliant and accountable source.

Do Moneyboat Offer Early Repayments?

Yes, you can repay a Moneyboat loan early, either in part or in full. Doing so can reduce the amount of interest you pay, as interest is typically charged daily on the outstanding balance. This is helpful if you find yourself able to clear the debt sooner than expected.

Many borrowers find that early repayment flexibility is an important feature, particularly with loans like Moneyboat, as it allows them to manage their finances proactively. Just remember to confirm any final settlement amount with the lender before making a payment, so you know exactly what’s due.

Can I Apply For A Loan Like Moneyboat

If you’re looking for loans like Moneyboat, there are other UK lenders, including Fast Loan UK, that offer similar products. These include smaller borrowing amounts, quick online applications, and short repayment periods, often with a focus on helping people with varied credit histories.

At Fast Loan UK, we offer quick loans and Moneyboat alternatives with high acceptance rates and clear repayment schedules, so you can budget confidently. To be eligible, you will need to meet the following criteria:

  • Aged 18 years or over
  • Current UK resident
  • Be in Full-Time, Part-Time or Self-employment
  • Receive a regular income
  • Have a valid bank account and debit card

Want to find out more? Contact us today and we’ll be happy to help, or click apply now to start your application and receive a fast decision in minutes.

Moneyboat Loan FAQs

What credit score do I need for Moneyboat?

Moneyboat do not have a strict minimum credit score requirement, which makes them accessible to a wider range of borrowers. Each application is assessed individually, considering factors like your income, current financial commitments, and previous repayment history.

How fast can I get a Moneyboat loan?

The speed of receiving a Moneyboat loan depends on several factors, including the completeness of your application and verification of your details. Once your application is approved and all required documentation is submitted, funds can often be transferred the same day to your bank account. For first-time applicants, the process may take slightly longer due to identity and affordability checks. At Fast Loan, we can provide you with a decision in principle straight away, and if approved, provide the funds you need the same day.

Can I repay Moneyboat early without fees?

Yes, one of the advantages of Moneyboat loans is the ability to repay your loan early without penalty. Early repayment can reduce the overall interest you pay because interest is calculated daily on the remaining balance. This flexibility is ideal if your financial situation improves or you receive unexpected income, allowing you to clear the loan faster. We also offer early repayment on our loans, and you will only be charged interest on the day you borrowed, plus a £20 early settlement fee.

Are Moneyboat loans more expensive than other options?

Moneyboat loans generally carry higher interest rates than traditional bank loans because they are short-term, unsecured products. However, within the market for short-term lending, their rates are competitive. Borrowers often choose them for convenience, speed, and accessibility rather than cost alone.

Can I get a loan like Moneyboat with bad credit?

Yes, we provide loans like Moneyboat and consider applications from borrowers with bad credit. Approval for low credit score loans will depend on affordability assessments, including income verification and existing financial obligations, rather than purely on your credit score.

What happens if I miss a payment?

Missing a payment on a Moneyboat loan can result in late fees, increased debt, and potential negative impact on your credit rating. If you anticipate difficulty in meeting a repayment, it’s crucial to contact your lender immediately to discuss options, such as rescheduling payments or adjusting the repayment plan.

Are there Moneyboat alternatives with lower interest rates?

Yes, there are several Moneyboat alternatives in the UK market that may offer lower interest rates, particularly for borrowers with a good credit history. Comparing options allows you to find loans that better suit your financial situation, with potentially smaller monthly repayments or reduced total interest.

Are loans like Moneyboat available for self-employed people?

Yes, some lenders offering loans like Moneyboat accept applications from self-employed borrowers. Proof of a consistent income is usually required, often in the form of bank statements or recent tax returns. While the process may involve additional verification compared to salaried employees, self-employed individuals are not excluded from borrowing.

We use cookies to enhance your online experience. By using this website, you agree to our use of cookies. learn more
OK
Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk
Don’t Go Just Yet!
Proud to offer the cheapest instant short term loans in the UK

The cost of borrowing £300 over 6 months:

#1
Fast Loan UK £507.48
#2
Mr Lender £544.00
#3
Cashasap £556.23
#4
Lending Stream £579.00
#5
Money Platform £586.26
#6
Savvy £595.00
#7
QuidMarket £596.46
#8
Cash4unow £599.82
#9
Fernovo £595.92
#10
Ticktock Loans £595.92
#11
Loan Pig £595.92
#12
Moneybag £600.00
Apply Now!