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). MoneyBoat.co.uk’s has a flat interest rate of 0.7% a day and 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.
Registration number: 07669210
Evergreen Finance London Ltd t/a MoneyBoat.co.uk 5 Broadbent Close, Highgate. N6 5JW
Reference No: 674154
Place of business:Evergreen Finance London Ltd t/a MoneyBoat.co.uk 5 Broadbent Close, Highgate. N6 5JW
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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