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Moneyboat review

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

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Our verdict

Moneyboat is a UK direct lender for workers who need a small personal loan paid out the same day, not a planned purchase. Amounts run £200 to £1,500 and must be repaid in 2 to 6, so the fit is a short gap between paydays and the cost of that convenience is high.

Key facts

Best for
A small UK personal loan for a bill or repair, funded the same day and cleared fast.
APR
1,267.9%↗
Loan amount
£200 to £1,500↗
Term
2 to 6 months↗
Arrangement fee
0 GBP - no upfront fee for same day payment or loan processing↗
Credit check
Hard↗
Funding time
Funds paid into the UK bank account within 15 minutes once all checks are completed↗
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↗
Rate type
Fixed↗
Lender type
Direct lender↗
Free early repayment
Yes↗
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↗
Loan types
Personal↗
Credit needed
Poor↗
Legal entity
Evergreen Finance London Limited↗
Headquarters
United Kingdom↗
Founded
2011↗
Support channels
Email, Phone, Help-centre↗
Pricing model
Fixed rate
Features
Same-day funding
Official website
moneyboat.co.uk

Facts checked September 26, 2026, 4 sources

Apps and profiles

Elsewhere
TrustpilotLinkedIn

Pros and cons

Pros

  • No arrangement fee for loan processing or for a same-day payment.
  • Funds land in the UK bank account within minutes once every check is complete.
  • Early repayment is free on a fixed rate loan.
  • Help is offered on email, phone and help centre.

Cons

  • The representative APR of 1,267.9% sits well above 14.43% across the personal loans listed here.
  • The credit check is hard and the credit needed is poor, so an application leaves a mark on the file.
  • Terms run 2 to 6, so spreading a cost over years is not on offer, and borrowing stops at £200 to £1,500.
Moneyboat

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Scored 8.9 / 10 by SumCue.

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Who it suits

  • UK adults in full or part-time work who can show a minimum net income and hold a UK bank account with a debit card.
  • Borrowers who can clear a fixed rate loan in 2 to 6 and want the cash the same day.
  • Anyone who values free early repayment and settles a loan as soon as income allows.

Who should look elsewhere

  • Anyone shopping on rate alone, since Cashspace lists PHP 12 to PHP 36 against Moneyboat's 1,267.9%.
  • Borrowers after a bigger sum, as Creduma ES lends from from €12,000 while Moneyboat stops at £200 to £1,500.
  • People wanting long, cheap instalments, which Sofkredit offers at 10.74% to 18.06%.

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 and are there fees?+

The representative APR is 1,267.9%, which sits far above 14.7% across the borrowing listings here. There is no arrangement fee for processing the loan or for a same-day payment, but the interest rate is fixed rather than variable, so it does not move down with base rates.

Is Moneyboat regulated in the UK?+

The lender trades as Evergreen Finance London Limited and holds a Financial Conduct Authority licence in the UK, listed as 674154. It lends as a direct lender, so the agreement is with that company rather than a panel of lenders passed on to.

How much can I borrow and over what term?+

Loans run £200 to £1,500 and are repaid over 2 to 6, on a fixed rate for a personal loan. That sizing suits a repair, a bill or a gap between paydays, while anything larger needs a lender working at a different scale.

How quickly is the money paid out?+

Money is paid into the UK bank account within minutes once all checks are completed, and same-day funding appears as a same day funding feature. The clock that matters starts when the checks are done, so an application still waiting on them sits outside that window.

What credit check will I go through?+

The check is hard, which means the search is recorded where other lenders can see it. The credit needed is poor, so the product is aimed at applicants whose history is not strong, and 76.8% of the personal loans here use the same style of check.

Who can apply for a Moneyboat loan?+

Applicants must be adults, in full or part-time employment, able to show a minimum net income each month, resident in the UK, and hold a UK bank account and a debit card. The loan comes from Evergreen Finance London Limited, a lender registered in the United Kingdom.

Can I repay the loan early?+

Yes. Early repayment is free, with no charge for settling the balance ahead of the agreed end date. The rate is fixed for the whole 2 to 6, so finishing sooner simply stops the interest running rather than adding a fee.

How can I reach Moneyboat about a payment?+

Support covers email, phone and help centre, so help is available by email, by phone and through an online help centre. The team sits in GB and deals in personal loans, so a question about a repayment in progress goes to the same lender that issued it.

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

A small UK personal loan for a bill or repair, funded the same day and cleared fast.

8.9/10See alternatives