1267.9% Representative
Will lend between: £200 - £1,500
Over: 2 - 6 Months
Check your eligibility and compare UK direct lenders that have accepted your application.
Based in London and part of Evergreen Finance London Limited, Moneyboat.co.uk are a transparent and flexible provider of high-cost short-term loans.
Moneyboat.co.uk offer one of the cheaper high-cost short-term loans at an interest rate of 0.7% a day rather than the more common 0.8% (which is the price cap set by the FCA). Moneyboat.co.uk don't charge any fees for arranging the loan or repaying it early, however, there are charges for missed payments – this is a flat fee along with any daily interest that is accrued. Moneyboat.co.uk are very transparent about these fees and they shouldn’t come as a surprise if you do happen to miss a payment.
As with any high-cost short-term product the usual warning applies. If you have any doubt whether you can afford to repay your loan on time and in full, then don’t apply. By missing or being late with repayments, you will not only harm your credit file but could be subject to a number of fees, which can soon make things very expensive.
Overall verdict: If you’re set on a high-cost short-term loan then with strong reviews and a reasonable price point (for this type of product) Moneyboat.co.uk are a serious contender. Just ensure you can meet the repayments before you apply.
Moneyboat.co.uk are a short term loan provider offering loans of between £200 and £800 to new customers and up to £1500 for existing customers (subject to passing credit and affordability checks). Their interest rate is 0.79% a day – below the industry cap. Loans are flexible and can be repaid over 2 to 6 months, with the option to pay weekly or monthly. To help speed up the process, applications are reviewed by Moneyboat’s in-house underwriting team
and automated technology. Once approved, funds are often released within minutes. To be eligible, borrowers must be over 18, employed full-time or part-time, and earn at least £1,000/month. Choosing Moneyboat also means you’ll have access to their UK-based support team, available from 8am to 7pm, Monday to Friday (excluding bank holidays).
Registration number: 07669210
Evergreen Finance London Ltd t/a Moneyboat.co.uk 188 Brent Street, London, NW4 1BE
Reference No: 674154
Place of business:Evergreen Finance London Ltd t/a Moneyboat.co.uk 188 Brent Street, London, NW4 1BE
Registration No: Z3596140
Data controller: Evergreen Finance London Limited
Address: Evergreen Finance London Ltd t/a Moneyboat.co.uk 188 Brent Street, London, NW4 1BE
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