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

    Moneyboat Loans 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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    Rates from 45.3% APR to 1575% APR Minimum Loan Term is 1 months - Maximum Loan Term is 60 months. Representative Example: Borrow £1000 for 24 months. Annual interest rate 70% (fixed). 24 equal instalments of £77.48. Total amount to repay £1,859.52. Representative 97% APR (variable).
    *Subject to application being approved by the lender. Not all lenders are able to provide up to £10,000

    Choose Loan Amount

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    Rates from 45.3% APR to 1575% APR Minimum Loan Term is 1 months - Maximum Loan Term is 60 months. Representative Example: Borrow £1000 for 24 months. Annual interest rate 70% (fixed). 24 equal instalments of £77.48. Total amount to repay £1,859.52. Representative 97% APR (variable).
    *Subject to application being approved by the lender. Not all lenders are able to provide up to £10,000

    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 97% 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: 

    07669210

    Company Name:

    EVERGREEN FINANCE LONDON LIMITED

    Date firm started up business:

    14 June 2011

    Type of Business:

    64929 – Other credit granting not elsewhere classified

    Loan value range:

    200 pounds to 1500 pounds

    Loan term length:

    2 months to 6 months

     

    Related brands:

    comparo.app

    Previous Business Names:

    QUID 4 PAYDAY LIMITED

    14 Jun 2011 – 25 Sep 2014

    Head Office Address: 5 Broadbent Close, Highgate, London, United Kingdom, N6 5JW

    FCA Status: Authorised

    Payout Time:

    In most cases, you will receive your money the very same day, directly into your bank account.

    Moneyboat Review

     

    Moneyboat is an instalment payday loan company that offers customer loans from the values of £200 to £1500 pounds. They are a little better than your standard payday loan company because you can spread your loan over the term or up to 6 months, meaning when your next payday comes, your not paying all of your wages straight back out again.

    The company started up in May 2011 as Quid 4 Payday Limited and then changed its name to Moneyboat in September 2014. Their website is simple and easy to use with a clear layout and instructions. If you have any trouble you can contact them directly and they will be able to assist you. 

    How the company works:

    The fastest and easiest way to apply for a loan with moneyboat is to apply directly online. There are 6 sections you will need to fill out which include the following details: Personal details, residential details, monthly expense details, employment details, payday details and bank details.

    Once you have filled out all of the relevant information you can submit your application and you will receive a decision on whether you have been accepted or not within minutes.

    If you are accepted you will be sent a contract agreement by email to sign and send back. Once you have done this you can expect to receive your loan either the same day or the next working day.

    Repayment method:

    You have the choice of either paying on a monthly schedule or by instalment. If you are paid weekly, you can choose fortnightly instalments or 4 weekly instalments to suit your pay schedule.

    Repayment is done via continuous payment authority (CPA). This is a convenient way to pay back your loan because it means that you don’t need to remember to make payments and they are taken automatically from your bank account.

    Payments with CPA are deducted from your bank card like a card transaction each month. They will use the card details you give during your application.

    If you do not want to pay via CPA then you are able to cancel this by contacting Moneyboat directly.

    You will need to arrange to pay another way such as online payment or bank transfer.

    Please be aware however, if you do choose to pay this way that you will need to remember to make the repayments yourself – manually.

    Do I need a bank account?

    Yes, to apply for a loan with Moneyboat you will need both a UK bank account and also a debit card that is attached to that account.

     

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

    Age

    All applicants will need to be at least 18 years of age to be eligible to apply for a loan with Moneyboat.

    Address information

    During your application, you will be required to provide your address history for the previous 3 years.

    All of these address’ will need to be within the United Kingdom. This is so that Moneyboat can run the relevant credit checks before approving you for a loan with them.

    ID and Income

    You will not usually be required to provide identification. Using new online innovative technology, Moneyboat is normally able to verify who you are when using this and by accessing your data through your bank, eventually leading to your credit report. If for some reason you do need to provide additional paperwork to support your application then you can do this using their secure online portal or via email.

    One of the sections on your application form will be an income and expenditure form. You will be required to enter information regarding your monthly income and your monthly outgoings.

    As a responsible lender, it is Moneyboat’s duty to ensure that they won’t be putting any of their customers into financial difficulty by supplying them with a loan. They do this by assessing all of your monthly outgoings against your income, as well as the regular credit checks.

    You will need to supply information on what bills you pay each month. Remember to include things such as rent/mortgage, grocery bills, utility bills, credit cards, existing loans, childcare payments, car payments and any other monthly commitments you may pay.

    Penalties

    There are no hidden extra charges with Moneyboat. You are able to repay your loan early without any penalties and only pay the interest that has been accrued up to that date.

    There will be penalties however, for missed payments. If you miss a payment you may gain extra interest and also a missed payment fee.

    If you feel that you are having difficulty making your repayments it is always best to speak to Moneyboat directly as they may be able to help you and offer you a solution until you are back on track with your finances.

    Reviews

    Moneyboat has outstanding reviews on Trustpilot. Their star rating is 5 stars out of 5 which is impressive.

    96% of their reviews are rated at Excellent or Great while only 2% are rated as Bad!

    Customers constantly compliment Moneyboat on just how fast and easy their service was. They had no issues what so ever with the company and were able to receive the loan they had applied for very fast.

    Their customer service is very friendly and always on hand to assist their customers with any enquiries that they may have had.

    Out of all of the bad reviews, some customers complain that they needed to submit additional information for their application, which delayed the process.

    As Moneyboat is a responsible lender, they sometimes are required to make additional checks, it is all part of the application process.

    On all of their reviews, Moneyboat has taken the time to respond to either thank their customers or to offer a solution to their problem. Overall, Loanski is super impressed with Moneyboat.