Moneyboat review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Moneyboat is a short-term direct lender for UK borrowers who need a small amount quickly rather than a long loan. It suits adults with steady monthly pay and a poorer credit file, and borrowers should expect a high rate across terms of 2 to 6.

Key facts

Best for
Small short-term loans paid out the same day for UK borrowers with a poorer credit file
APR
1,267.9% (Source, checked September 26, 2026)
Loan amount
£200 to £1,500 (Source, checked September 26, 2026)
Term
2 to 6 months (Source, checked September 26, 2026)
Arrangement fee
0 GBP - no upfront fee for same day payment or loan processing (Source, checked September 26, 2026)
Credit check
Hard (Source, checked September 26, 2026)
Funding time
Funds paid into the UK bank account within 15 minutes once all checks are completed (Source, checked September 26, 2026)
Representative example
Borrow GBP 400 for 4 months: 4 monthly repayments of GBP 156.09, total repayment GBP 624.34, interest rate p.a. (fixed) 288.35%, representative 1,267.9% APR (Source, checked September 26, 2026)
Rate type
Fixed (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
Yes (Source, checked September 26, 2026)
Eligibility
18+, in full or part-time employment, minimum net pay GBP 1,000 per month, UK resident with a UK bank account and debit card (Source, checked September 26, 2026)
Loan types
Personal (Source, checked September 26, 2026)
Credit needed
Poor (Source, checked September 26, 2026)
Legal entity
Evergreen Finance London Limited (Source, checked September 26, 2026)
Headquarters
United Kingdom (Source, checked September 26, 2026)
Founded
2011 (Source, checked September 26, 2026)
Support channels
Email, Phone, Help-centre (Source, checked September 26, 2026)
Pricing model
Fixed rate
Features
Same-day funding
Official website
moneyboat.co.uk

Apps and profiles

Elsewhere
TrustpilotLinkedIn

Pros and cons

Pros

  • A free arrangement fee, with no upfront charge for processing or the same day payout
  • Funds reach a UK bank account within minutes once all checks are complete
  • Free early repayment, so settling sooner adds no extra cost
  • Support covers email, phone and help centre

Cons

  • 1,267.9% sits far above the 19.98% median for bad credit lenders
  • Borrowing tops out at £200 to £1,500, so a bigger bill stays out of reach
  • Qualifying takes steady monthly pay plus a UK bank account and debit card, which narrows who can apply
Moneyboat

Ready to try Moneyboat?

Scored 8.8 / 10 by BorrowCue.

See alternatives

Who it suits

  • UK adults in full or part-time work who need a small amount the same day
  • Borrowers with a poor credit file who accept a fixed rate and a short end date
  • Anyone comfortable with a hard credit check and a UK bank account with a debit card

Who should look elsewhere

  • Monzo Flex, at 10% to 23%, suits a good credit file that wants a longer, cheaper loan
  • Cashspace ES, at 0%, shows what borrowing at no cost of interest looks like
  • Cashspace, at PHP 12 to PHP 36, is the yardstick for readers in another market who care most about the headline rate

How Moneyboat compares

Where Moneyboat is available

Available
United Kingdom
Licence in United Kingdom
Financial Conduct Authority (674154), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate does Moneyboat charge for a loan?+

The representative rate is 1,267.9% on a fixed rate loan, which is high even for short-term credit. The representative example shows a small loan repaid over a few months with a total repayable amount well above the amount borrowed, so the cost sits almost entirely in interest.

Is there an arrangement fee?+

No. The arrangement fee is free for processing and for the same day payout, so nothing comes off before the money arrives. What you pay is interest on a 1,267.9% loan, which is why the amounts on offer run £200 to £1,500.

How much can I borrow, and for how long?+

Amounts run £200 to £1,500 and terms run 2 to 6, so this is a short-term bridge rather than a longer loan. A credit file rated poor is within scope, and the product is a fixed rate personal loan from a direct lender.

How quickly does the money arrive?+

Funds are paid into your UK bank account within minutes once all checks are complete, which is the point of the lender. The trade-off is that the speed comes with a 1,267.9% cost of borrowing, so a same day payout does not make it cheap.

Is Moneyboat regulated?+

Moneyboat lends through Evergreen Finance London Limited and holds a Financial Conduct Authority registration, 674154. The lender sits in the UK, and loans go to UK residents who hold a UK bank account and debit card.

Can I repay the loan early?+

Yes, early repayment is free, so clearing the balance sooner costs no more. The loan is a fixed rate personal loan over terms of 2 to 6, and the credit check is hard, so the file you are checked on carries weight.

How do I get help if something goes wrong?+

Support runs on email, phone and help centre, so a call or an email reaches the lender, with a help centre for the detail. Everything about the loan sits with one direct lender rather than a broker, so there is a single party to deal with.

Who is eligible to apply?+

You need to be an adult in full or part-time employment, with a minimum net monthly pay, a UK bank account and a UK debit card, and you need to live in the UK. The lender has operated since 2011 and works with a poor credit file.

Sources

  • find-and-update.company-information.service.gov.uk/compan... checked September 26, 2026

    Backs: Founded

    “EVERGREEN FINANCE LONDON LIMITED ... Incorporated on 14 June 2011”

  • moneyboat.co.uk checked September 26, 2026

    Backs: Loan amount, APR, Credit check, Features, Free early repayment, Funding time, Headquarters, Legal entity, Lender type, Pricing model, Rate type, Support channels, Licences

    “short-term loans from £200 to £1,500”

  • moneyboat.co.uk/charges checked September 26, 2026

    Backs: Arrangement fee, Term

    “We do not charge upfront fees for same day payment or processing the loan”

  • moneyboat.co.uk/loans/short-term-loans checked September 26, 2026

    Backs: Credit needed, Eligibility, Loan types, Representative example

    “Short-term loans are available even if you don't have an overdraft or credit card; approved applications pass credit and affordability checks”

Compiled from 4 source pages, checked September 26, 2026. We did not open an account.

Moneyboat

Moneyboat

Small short-term loans paid out the same day for UK borrowers with a poorer credit file

8.8/10See alternatives

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