Money Boat loans
up to £750
MoneyBoat are an online short term lender offering new customers loans from £200 to £800 repayable over 2 to 6 months. Existing customers who have repaid previous loans in full with no problem may be eligible to borrow up to £1500.
About Money Boat loans
MoneyBoat are an online short term lender offering new customers loans from £200 to £800 repayable over 2 to 6 months. Existing customers who have repaid previous loans in full with no problem may be eligible to borrow up to £1500. MoneyBoat have a mid-range interest rate found online against other short term payday lenders. MoneyBoat are a direct lender, not a broker and charge a flat interest rate of 0.7% per day on the loans. The MoneyBoat website is full of advice regarding all financial issues and has lots of budgeting tips as well as clear lending guides. There are also very useful links to debt advice and referral agencies to be found.
Representative 939.5% APR. Representative Example: £400 loan for 113 days (4 instalments). Total: £597.48. Interest £197.48. Interest rate 255.5% pa (fixed). Repay £149.37 for 4 payments
How quickly do I get my loan?
MoneyBoat fund their loans between 8.30am and 5.30pm Monday to Friday. They can initiate the transfer process of funds into your account within 15 minutes after final approval of your loan subject to an assessment of affordability and credit worthiness, but out of hours money will be transferred the next working day. Loans are sent via faster payments directly to your bank.
How do I repay my loan?
MoneyBoat will collect your repayments straight from your debit card on your agreed repayment dates that you set in your application, this would typically be the dates that you get paid. It is important to make sure that there are enough funds in your account to cover all repayments as this could leave a negative trace on your credit score.
What happens if I miss payments?
You should contact the MoneyBoat customer care team as early as possible if you are unable to meet any of your repayments . You may be charged a default fee of up to £15 for missing a payment and interest will continue to accrue whilst your loan is in default up to a maximum of 100% of the amount borrowed. Further missed payments could accrue more interest, please contact the team to address this situation as soon as possible on 02038 187470, they will advise you and help to create an affordable repayment plan.
Loan Qualification Criteria
- MoneyBoat do not accept applications from Students
- You must be over 18 years of age
- You must be a UK resident
- You must have a UK bank account with a valid debit card
- MoneyBoat are authorised and regulated by the Financial Conduct Authority
- Authorisation can be checked on the Financial Service Register at www.fca.org.uk
- MoneyBoat are part of the CCTA, the Consumer Credit Trade Association.
02038187470 email@example.com www.moneyboat.co.uk
Please be aware: Defaulting on your loan will negatively impact your credit rating! Late repayment can cause you serious money problems please be sure you can take on a loan. For facts on borrowing and advice we would recommend the following unbiased organisations: