£80 to £800
15 to 45 days
£100 repaid 28 days later
Representative Example: The Representative APR is 1,291.8% APR so if you borrow £80 over 29 days at 292.8% p.a. (fixed) you will repay £18.56 in interest and £98.56 in total.
Average user rating
Their “One size fits all” model takes a different approach, as their processes are as clear and transparent as daylight.
Based in Central London, 247Moneybox is a payday lending company that, with their unique approach, doesn’t require you to provide a loan guarantor, as their loan costs are higher than those payable over a longer period of time.
247Moneybox is passionate about technology, they’re very faithful to responsible payday lending. They utilize comprehensive credit, ID and employment checks to assess affordability, prohibit loan extensions, vary the loans depending on disposable income, consider cases of financial difficulty in a sympathetic and positive point of view, charging you interest on a daily basis rather than monthly so you can save money if you repay early, and they are very transparent, honest and open. The company makes sure you won’t get buried in debts, right from the beginning.
On your first time applying for a loan, you are able to request between £80 and £200. Using the service responsibly may have you able to apply for more cash in the future, up to a maximum of £800. For better chances of payday loan approval, your credit score should be good. Bad credit score will lead to more likely to application rejection. 247 Money Box will charge you with 0.8% per day of the borrowed amount.
If your loan application is approved before 3pm, 247Moneybox will send the funding instructions to their payment provider on the same day. Else, the funding instructions will be sent on the next working day.
Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk