Money boat Loans, a division of Evergreen Finance London Limited, concentrates on providing accountable and affordable short term lending alternatives, aiming to help you stay afloat if your money flow hits a bad patch.
Borrowers can apply for short-term instalment loans with a minimum term of 2 instalments; loans have been approved need to be repaid over 2, 3, 4, 5 or 6 instalments, based upon your pay frequency. New borrowers are able to apply up to £800 while returning borrowers might be approved for bigger loan amounts based on the consequence of their application.
Money Boat Loans doesn’t charge any upfront or processing fees out the mandatory interest payments, which can be revealed ahead of the money being transferred into the linked bank account. This is to guarantee full transparency concerning all of the terms and conditions associated with the loan.
So as to be considered for approval, prospective borrowers should possess a current full or part job, be a minimum of 18 years old, and also have a minimum net monthly income of £1,000.
Support may be reached by telephone or email during standard business hours. Early repayment is available free of excess cost, though the rest of the amount due may be re-amortized dependent on the amount of contractual repayments remaining on the initial arrangement. The corresponding alterations to a remaining payment will be verified through email.
Money Boat Loans Criteria
- Age Requirement
- Debit Card
- Credit Checks
- Other Requirements
- See Website
- Same Day Transfer Available
- Loan Value Available
- £200 to £1500
- Representative APR
- Loan Length
- 1 Month to 6 Months
- FCA Registration Number
- Loan 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. Representative 939.5% APR
Money Boat Loans Review
Money Boat Loans provides payday and instalment loan solutions to borrowers that are undergoing a temporary shortfall due to a financial emergency or various unforeseen conditions. Applications can be processed for a sameday payment if the borrower meets the minimum qualifications. All applications must be completed online including any agreement signing.
Repayment is traditionally handled through a continuous payment authority, permitting the essential funds to be assessed against the debit or credit card on file. The total amount of each required payment is completely revealed, permitting borrowers to know about how much will be expected at every repayment date.
Alternate repayment options include supplying card details over the telephone or via a direct bank transfer. If a customers chooses to use another payment system, it’s their obligation to make sure that the funds are obtained by the agreed upon dates.