4218 reviews

1281.8% Representative

Will lend between: £80 - £200

Over: 7 - 37 Days

Representative example: Total amount of credit £80, duration of the agreement 29 days, rate of interest 292% per annum (fixed), total amount payable (in one repayment) £98.56. Representative 1281.8% APR.

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247Moneybox.com customer reviews.

4218 reviews

4.2 out of 5 stars

Our review of 247Moneybox.com

Established in 2009, 247Moneybox is an innovative next-generation finance company based in central London. They attempt to take a different approach to the ‘one size fits all’ model and hope to make the entire process as clear and transparent as possible.

247Moneybox are a provider of high-cost short-term loans and sit at the more expensive end of the market. The online application form is relatively straightforward and quick to complete.If you have been accepted with 247Moneybox you can use their online account management to manage your loan and future applications. If you’re a returning customer and have borrowed responsibly with 247Moneybox in the past, then they will consider lending you up to £800. However, if you’re considering borrowing an amount of that size there are much cheaper lending options available so it pays to compare your options.

Being a high-cost short-term product the obvious health warnings apply – be absolutely positive you can meet the repayments before applying. If you miss repayments it will show up on your credit file making your financial life more difficult in the future. In addition, you will also be charged a collection fee and ongoing interest until you repay. So if you’re in any doubt, don’t apply.

Overall verdict: There are lenders out there offering similar products at a cheaper rate, so it’s worth comparing your options before you apply. 247Moneybox are very transparent with how they operate so, as with all personal finance products, be sure you understand what you’re signing up for before your commit.

Written by: Alex


  • Easy management of the loan online
  • Returning customers can borrow up to £800
  • You can repay the loan early
  • Part payments can be made before the repayment date to reduce balance

Minimum criteria

  • You must be aged 18 or over
  • You must live in the UK
  • You need to be employed with regular income
  • You need to have a UK bank account with a debit card


  • Maximum APR 1281.8%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment fee: £15

247Moneybox.com Customer Question & Answers

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About 247Moneybox.com

247Moneybox are a high-cost short-term lender offering loans of £80 to £200. As a returning customer who has showed that they can repay on time, 247Moneybox may offer you the chance to apply for up to £800. Their representative APR is 1291.8% and interest is charged by the day at 0.8% of the amount that you borrowed.

In order to apply with 247Moneybox you must be at least 18 years old, live in the UK, be employed with a regular income and have a UK bank account with direct debit facilities. You’re not required to have a spotless credit history but due to the nature of the product, 247Moneybox will not lend to anyone who they feel will not comfortably be able to afford to repay on time and in full.

The application is completed online and if approved, you can receive the funds within three working days depending on your bank.

If you fail to repay on time you will be subject to a number of fees. Primarily, a failed collection fee of £15 which will be charged on the first day after your repayment date. From then on you will continue to be charged the contractual daily rate of interest until you have repaid in full. Interest will be stopped either 60 days after the loan repayment date, 60 days after any later date allowed for you to repay your outstanding balance or when the total amount of interest and charges equals 100% of the amount you borrowed.

Company information

Registration number: 05671281


020 7183 8078

20-22 Wenlock Road, London

FCA registration

Reference No: 673915

Trading names: 247Moneybox.com, 24/7 Money Box, CLIPPER SMITH & COMPANY

Place of business: 20-22 Wenlock Road, London N1 7GU.

Data protection registration

Registration No: Z9339538


Address: 20-22 Wenlock Road, London N1 7GU.

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