Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk Loanski is an authorised credit broker not a lender

247 Money Box Alternative

Loans from £100 to £10,000

  • 1 month to 5 years
  • 100% online application
  • All credit scores welcome to apply
  • Paid in as fast as 10 minutes^

 

Secure SSL connection

Your application is sent over a secure encrypted network

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

Choose Loan Amount

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Representative 305.9% APR.
Representative example: £400 borrowed for 90 days. Total amount repayable is £561.92 in 3 monthly instalments of £187.31. Interest charged is £161.92, interest rate 161.9% pa (variable). Loanski.co.uk does not provide any loan or consumer Credit products directly.

Choose Loan Amount

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Representative 305.9% APR.
Representative example: £400 borrowed for 90 days. Total amount repayable is £561.92 in 3 monthly instalments of £187.31. Interest charged is £161.92, interest rate 161.9% pa (variable). Loanski.co.uk does not provide any loan or consumer Credit products directly.

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

Loans from £100 to £10,000

  • 1 month to 5 years
  • 100% online application
  • All credit scores welcome to apply
  • Paid out in as fast as 10 minutes^

 

Secure SSL connection

Your application is sent over a secure encrypted network

REPRESENTATIVE 305% APR

Loanski offers competitive interest rates compared to some lenders across the market.

Installment Options

Customize your loan term from 1 month to 60 months putting you in control of your payment plan.

Fast Payouts

You can expect fast payouts sometimes within 10 minutes^

Company Number:  05671281

Company Name:

247Moneybox.com is a trading name of Active Securities Limited

Date firm started up business:

10 January 2006

Type of Business: 
Consumer Credit

 

Loan value range:
£80 to £800

Head Office Address: 20-22 Wenlock Road, London United Kingdom N1 7GU

FCA Status: Authorised

247 Moneybox Review:

 247 Moneybox is a short term payday loan company owned by Active Securities Limited. They have been in the financial industry since 2006, offering loans for under 800 pounds that will get you by until your next payday.

This loan company is literally a payday loan company and no more.  Loan payback time must be within the month. Not suitable if you are looking for something to pay back over a longer period of time.

It is however ideal if you are looking for something to keep you going until you next get paid.

The 247 Moneybox website is basic and friendly, making it very easy to apply for your loan. Everything is done online and if you are required to submit any extra information this is also done securely online, keeping it as paperless as possible.

Meaning of 247 Moneybox

 

247 Moneybox is a simple but clever name for a loan company. As a moneybox is something we can both store and withdraw money from, the name suggests that the moneybox is open 24 hours a day, 7 days a week. Meaning that you will always have access to money when you need it.

How the company works.

 

Repayment method:

Repayment of your loan is done by either direct debit or CPA (Continous payment method) You can cancel these by calling them directly but you must contact them to arrange another form of payment.

If you repay your loan early then you will pay less interest. You can do this by making a payment over the phone.

 

Do I need a bank account?

You will need both a UK bank account and also an active debit card that is linked to the same account. 247 Moneybox will not accept prepaid cards, it must be a debit cart.

 

To be eligible to apply for a 247 Moneybox loan you must fit the following criteria:

Address information

You must be a UK resident with a permanent UK address. You will also be required to provide your address history for the last 3 years so please ensure you have all of these details to hand when applying.

 

ID and Income

Proof of ID

 

If you are required to send in proof of identification then the following forms of ID are all accepted by 247 Moneybox:

  • Full UK or foreign passport
  • Photocard driving licence
  • EU member state identity card
  • Shotgun licence or firearms certificate
  • Northern Ireland electoral ID or voters card
  • A biometric ID card for foreign nationals (Home Office issued)

 

247 Moneybox can also accept the following documents as proof of address. However, they must be dated within the last 3 months:

  • Council Tax letter or statement from Council
  • DWP letter or benefits acceptance letter
  • Council tax or housing association rent statement, book or card
  • A letter from HMRC
  • A bank-issued letter containing sort code and account number (not a statement)
  • Post Office account statement

247 Moneybox may also accept the following documents, providing they are in date, unedited and clearly legible:

  • Taxi driver badge (Council issued)
  • Blue disabled drivers pass or badge (Council issued)
  • Scottish national entitlement card
  • Old-style UK paper driving licence
  • HM Forces or Police warrant card
  • Residency permit (Home Office issued)

Income

You must be working either full or part-time to be accepted for a loan with 247 Moneybox. Pensions are also accepted and if you work part-time claiming benefits, this is also ok.

However, if you are solely claiming benefits then, unfortunately, you will not be eligible for a loan.

 

Penalties

There are heavy penalties if you miss payments with 247 Moneybox. Their repayments and fees are higher than other loan companies because they are solely a 1-month payday loan company.

Loans can not be carried over to the next month so if you are having difficulty repaying so please make sure before you apply that this type of loan, that it is the best option for you.

If you do miss payments then Loanski does recommend that you contact them as soon as possible. If you do not, one of the following this may happen:

  • A debt collector may be sent to recover the money
  • You will be charged for a bounced direct debit by your bank
  • You will receive a mark on your credit file preventing you from applying for any more credit in the future.

    Reviews

    According to Trust Pilot reviews, 247 Moneybox has a very good score. Their overall rating is 4.5 stars out of 5 and 75% of their reviews are rated as excellent from their previous customers.

    Most of them were happy with the service they received, along with the customer service demonstrated, when they have needed to contact them.

    The reviews indicate that money is always paid out very quickly, which is fantastic to know. Epecially if you are in a rush to borrow.

    After investigating some of the bad reviews, it would seem it is down to people not reading 247 Moneybox’s terms and conditions. Quite a few of the reviews claim, (for example) they wanted a loan for £300 over 12 months but only got £80 over 1 month.

    It clearly states in the terms and conditions on the website that loans are strictly over a 29 day period and if it is your first loan with them then you are likely to only receive around £80 until you can prove you are a trusted borrower.`

     

     Fast Decision Online Loans

    ^Subject to lenders requirements and approval, also the time that it takes for the cash to be received in your account will depend on your bank’s policies and procedures.

    As a credit broker, we will receive a fee or commission when a loan application is accepted.

    Loanski.co.uk is a trading style of ZR FINANCE LTD and is a free to use credit broking website. ZR FINANCE LTD is authorised and regulated by the Financial Conduct Authority as a credit broker not a lender, firm reference number 834092 and is registered with the Information Commissioner’s Office number ZA319345. ZR FINANCE LTD is registered at 15 Conway Crescent, Macclesfield, SK10 2RU. Company Number 11213186.