247Moneybox | Loans Like 247Moneybox @CreditRaters.com |

247Moneybox

Founded in 2009, 247Moneybox is a London-based, online lender which specialises in providing short term loans to UK customers.

Their responsible approach to lending sees them move away from the ‘one size fits all’ model which is why they’ll always look to assess your application on its individual merits rather than simply using a two dimensional credit score.

As part of this commitment to responsible lending, first time borrowers are able to take on loans of up to £200, however their data shows that the average first time loan is usually for around £80.

Why Get Your Loan With 247Moneybox?

Cash paid into your bank account within 24 hours of acceptance

Existing customers can borrow up to £800

Simple, easy to understand interest rates and repayments

FCA regulated and committed to responsible lending

img
img

Once you’ve shown that you’re able to pay back these smaller borrowing amounts, 247Moneybox will increase your maximum borrowing limit to £800 which can be a valuable resource when it comes to tackling life’s little emergencies.

Their simple approach to interest means that you’ll always be charged a basic daily rate of 0.8% on the amount borrowed. As a working example, if you were to borrow £100 for 28 days then you’d make a total repayment of £122.40.

What’s more is that should your loan application be accepted before 5pm then funds will be transferred to you on the very same day, or the next day should your approval come through after 5pm.

247Moneybox

(2/5)

Loan Amount:

£100 - £800

Available Terms:

1 Months

Loan APR:

1281.8%

Minimum Requirements:

Must be over the age of 18

Must have a valid UK bank account with a debit card

No employment restrictions

Get instant quote