MoneyBoat.co.uk
939.5% Representative
Will lend between: £200 - £1,500
Over: 2 - 6 Months
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MoneyBoat.co.uk customer reviews.
4.8 out of 5 stars
Choose Wisely
very easy process, all online, no problems or issues highly recommended if in need of short term cash
Nick W
Smart Money People
Simple and Straight forward, professional service. My second loan and again, swift no nonsense process using seamless technology and electronic facilities. Definately recommended.
J CLARKE
Choose Wisely
Would reccomend this service to anyone
Tim
Smart Money People
The great thing about Moneyboat is that they take things on their merits rather than just number crunching and "computer says no".
DavidOjo
Choose Wisely
They do what they say they will. Easy to communicate with and listen to what you say. thank you MoneyBoat.
Keep Private
Smart Money People
Quick easy application easy to apply answer in minutes
Unknown
Choose Wisely
Realy amazing customer service!! I was short a bit this month and they were happy to help,! Thank you so much!! I wish i found them first!
jon
Smart Money People
Good service and you can really count on them when you’re in need
Mary
Smart Money People
The money boat is a great company and the service is great they are quick, reliable and would recomend to everyone . The staff are friendly to . Thank you
Lmuddyman
Smart Money People
Easy to use and kept in the loop at all times.
Andrew mahalski
Our review of MoneyBoat.co.uk
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.
Highlights
- Competitive representative APR
- You can repay early with no extra charge or fee
- Transparent information about their charges
- Simple application form
- Fixed repayment instalments
Minimum criteria
- You must be employed full or part time
- You must earn a minimum net monthly pay of £1,000
- You will need to be aged 18 or over
- You must have an email address
Fees
- Maximum APR 939.5%
- Arrangement fee: £0
- Early repayment fee: £0
- Late payment fee: £15
MoneyBoat.co.uk Customer Question & Answers
About MoneyBoat.co.uk
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). MoneyBoat.co.uk’s representative APR is 939.5% and they have a flat interest rate of 0.7% a day. Loans are repaid over a minimum term of 2 instalments and a maximum of 6 months. The minimum instalment duration for the first instalment is 5 days with the maximum term between instalments being 45 days.
When applying with Moneyboat, applications are completed online and passed to MoneyBoat.co.uk’s underwriting team who are available to process the loan during the weekday working hours of 8:30am and 5:30pm. To be eligible for a loan with MoneyBoat.co.uk you will need to be over 18, be employed either full or part time and earn at least £1,000 per month.
Company information
Registration number: 07669210
Evergreen Finance London Ltd t/a MoneyBoat.co.uk 5 Broadbent Close, Highgate. N6 5JW
FCA registration
Reference No: 674154
Place of business: Evergreen Finance London Ltd t/a MoneyBoat.co.uk 5 Broadbent Close, Highgate. N6 5JW
Data protection registration
Registration No: Z3596140
Data controller: Evergreen Finance London Limited
Address: Evergreen Finance London Ltd t/a MoneyBoat.co.uk 5 Broadbent Close, Highgate. N6 5JW
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