Cash advances for your
short-term money needs

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£

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Representative Example: Total amount of credit £300, Fast Process Fee of £20, duration of the agreement 20 days, rate of interest (also charged on Fast Process Fee if selected) 474.5% per annum fixed, total amount payable £403.20 in one payment of £383.20 and £20 Fast Process Fee. Representative APR 22025.4%.
(Example includes the optional Fast Process Fee).
Representative Example: Total amount of credit £300, Fast Process Fee of £20, duration of the agreement 20 days, rate of interest (also charged on Fast Process Fee if selected) 474.5% per annum fixed, total amount payable £403.20 in one payment of £383.20 and £20 Fast Process Fee. Representative APR 22025.4%.
(Example includes the optional Fast Process Fee).
Apply with 247Moneybox.com
Welcome to 247Moneybox.com

Rethinking the way we access credit

Established in 2009, 247Moneybox is an innovative next-generation finance company based in central London. Since 2012 we've taken our online lending operation overseas, redefining and reframing the way we access credit.

Our goal is simple; we want to provide a more flexible and convenient way to solve short-term money needs. A 'one size fits all' model that some more traditional credit providers take can be frustrating. That’s why we take a different approach and make the entire process as clear and transparent as possible.

Lending responsibly

At 247Moneybox not only are we passionate about technology, it's what makes us tick; we’re also fully committed to responsible lending. 247Moneybox loans are not designed for long-term borrowing or keeping you in debt, but instead are to be repaid in the short-term. If you need to borrow over a longer period there are other, more suitable forms of credit available. Our service is designed to put you in control of your cash flow, for the times when an unexpected bill arrives.

For more information please see our Responsible Lending Principles. This is in addition to our commitment to the industry Good Practice Customer Charter and Addendum.

  • Authorised and regulated by the Financial Conduct Authority (622332)
  • Registered with the Information Commissioner’s Office Z9339538
  • Registered with Companies House in England and Wales 05671281
  • Member of the BCCA 4566
  • Telephone 0871 423 8247 (Average call length 5 minutes, costing 50p from a BT landline based on 10p per minute - mobiles and other providers may vary)

Important information

Affordability - Our loans provide a solution for your occasional short-term money needs. They are not suitable for supporting sustained borrowing over longer periods, nor if you are in financial difficulties. The cost of our loans is higher than other types of loans, such as instalment loans, which are payable over a longer period, so if you do require a longer term solution there are other more suitable forms of finance available elsewhere. We use the information you provide to help us make a responsible lending decision as to whether you can afford to repay your loan without causing you any financial difficulty. See our questions section below for more information.

Continuous payment authority - Please note that we use continuous payment authorities which are not covered by bank guarantees (unlike direct debits). You are able to cancel a continuous payment authority at any time by contacting us. If you do cancel, you will still owe any outstanding debt and will need to provide an alternative method of repayment on the due date. See our questions section below for more information.

Implications of non-payment - As we report loan information to credit reference agencies, missing payments could adversely affect your credit rating. This may make it more difficult or expensive to obtain credit in the future. We may also pass your account to a debt collection agency or commence legal proceedings to recover the amount you owe. Interest will continue to be charged from the first day that your loan is outstanding until the loan is repaid at the rate of interest set out in the loan agreement. The loan agreement also sets out the fees that will be added to the amount you owe if we are unable to collect the amount due. See our questions section below for more information including our policy on extending a loan.

Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk.

What our customers are saying

  • "The website is easy to navigate and very informative. It is an excellent service"

    Cassandra, Birmingham

  • "Thank you very much for the loan which arrived quickly in my account..."

    Tom, Newcastle-upon-Tyne

  • "A very fast service...I would recommend 247Moneybox to friends and family"

    Ben, Catterick

  • "The website is easy to navigate and very informative...."

    Mark, Hornchurch

  • "The service is absolutely fantastic and my payday loan was very helpful..."

    Faith, London

Popular questions

Is 247Moneybox a lender or broker?

247Moneybox is a lender. Our loans provide a solution for your occasional short term cash needs. They are not suitable for supporting borrowing over longer periods. If longer term solutions are required, there are other more suitable forms of finance available elsewhere.

If we are unable to approve your loan application and if you ask us to, we may be able to find a third party lender who can help. These lenders may undertake credit reference/fraud prevention agency data searches against you to make lending decisions and for the prevention of fraud and money laundering.


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Is a 247Moneybox loan right for me?

Our loans provide a solution for your occasional short-term needs. They are not suitable for supporting sustained borrowing over longer periods, nor if you are in financial difficulties. The cost of our loans is higher than other types of loans, such as instalment loans, which are payable over a longer period, so if you do require a longer term solution there are other more suitable forms of finance available elsewhere.

If debt becomes a worry there are independent organisations you can ask for advice. Visit www.nationaldebtline.co.uk or www.stepchange.org.

For more information please see our Responsible Lending Principles.

Please see also the Good Practice Customer Charter and Addendum.

The Charter was produced by our trade body the BCCA, the Consumer Finance Association, the Consumer Credit Trade Association and the Finance and Leasing Association. The Charter gives customers enhanced protection when taking out a payday or short term loan.

All your details are sent over a secure SSL connection.


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What are the risks of borrowing?

Our loans provide a solution for your occasional short-term needs. They are not suitable for supporting sustained borrowing over longer periods, nor if you are in financial difficulties. The cost of our loans is higher than other types of loans, such as instalment loans, which are payable over a longer period, so if you do require a longer term solution there are other more suitable forms of finance available elsewhere.

There are implications for missing or not making a payment. Firstly, as we report loan information to credit reference agencies, missing payments could adversely affect your credit rating. This may make it more difficult or expensive to obtain credit in the future. We may also pass your account to a debt collection agency or commence legal proceedings to recover the amount you owe. Interest will continue to be charged from the first day that your loan is outstanding until the loan is repaid at the rate of interest set out in the loan agreement. If we do not receive payment in full on your repayment day, the following fees will apply:

  • A failed collection fee of £30 charged at 5pm on your repayment day
  • A £30 fee if we receive notification from your bank or card issuer that you wish to challenge a card transaction
  • Interest will continue to accrue on a daily basis for 60 days after repayment is due until such time as you have repaid what you owe

We may also charge you the following fees if you breach your agreement:

  • A debt collection agency fee equivalent to 25% of your outstanding balance
  • Costs and expenses in enforcing or attempting to enforce our rights
  • Costs and expenses of tracing you if you move address without telling us

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How do you lend responsibly?

247Moneybox is committed to lending responsibly at all times. Our measures include:

  • Comprehensive credit, ID and employment checks to assess affordability
  • Limited loan extensions
  • Affordable and variable loan amounts based on disposable income
  • Charging you interest on a daily basis, as opposed to monthly, so that if you do repay early you can save money
  • Be transparent, honest and open
  • All of the terms and conditions of the loan, as well as the charges, will be displayed clearly up front before you make a decision about whether to borrow. The only way the cost can increase is if you don't repay your loan on the date agreed.
  • Act professionally, reasonably and responsibly in all our dealings with you. We will endeavour to make sure that all our suppliers of goods and services that we do business with, do the same.
  • Make sure all our staff are trained to the highest standards, incorporating all relevant requirements, guidelines and codes set out in law and by the FCA as well as professional trade bodies such as the BCCA. This is in addition to our Responsible Lending Principles.
  • Ensure you have all the information you require to make an informed and sensible borrowing decision. If at any time you require extra information please do not hesitate to contact us via the website, email or phone.
  • Address your questions and handle complaints quickly and efficiently. Our complaints procedure is clearly set out in the Questions and Answers section.
  • Consider cases of financial difficulty in a sympathetic and positive light. For more information please see our Responsible Lending Principles.

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What are the requirements for a loan?

You can apply for a loan if you are aged 18+, live in the UK and are employed with a regular income. You also need to have a UK bank account with a valid linked debit card (prepaid cards are not permitted).


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How much can I borrow?

We are committed to responsible lending. You can request between £80 and £200 the first time you apply for a loan. If you use the service responsibly we may give you the flexibility to apply for more cash in the future, should you need it, up to a maximum of £800.


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What are your charges?

Our fee structure is straightforward and set out below.

  • Our Fast Process service costs £20, however there is no charge for our Standard Process.
  • Interest is charged by the day at 1.3% of the amount borrowed and Fast Process Fee (if applicable).

Loans are available from £80 to £800. As an example, to borrow £100 for 28 days without opting for Fast Process would cost £136.40.

Representative Example: Total amount of credit £300, Fast Process Fee of £20, duration of the agreement 20 days, rate of interest (also charged on Fast Process Fee if selected) 474.5% per annum fixed, total amount payable £403.20 in one payment of £383.20 and £20 Fast Process Fee. Representative APR 22025.4%.
(Example includes the optional Fast Process Fee).


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How long will it take to transfer my loan?

We have two processing options available, Fast and Standard.

Our Fast Process costs £20, which is collected along with accrued interest on this amount when you repay your loan. Fast Process ensures that once your application is approved and eligible for funding (see below), funding instructions will be sent to our bank/payment provider within 1-hour. We submit batches of funding instructions every hour, 24/7, subject to any unscheduled or scheduled system downtime.

The Standard Process, whereby we send funding instructions to our bank/payment provider during the late afternoon/evening of the day your application is approved and eligible for funding (see below), is free.

Important information: For both the Fast and Standard process, payment instructions are only sent to our bank/payment provider once your application has been approved and on the date stated in your loan agreement, NOT from the time you apply. As a responsible lender we have a number of checks to conduct before we can approve your application including, in some instances, a discreet call to your employer. Once we have instructed our bank/payment provider to make payment then the rest is down to the bank/payment provider network regarding the actual time it takes for the funds to show in your account. This can take up to 3 working days. As you can appreciate this is out of our control. We have every confidence in our systems and processes, however if you feel we have not met our time commitment then let us know.

Our website is available 24/7, subject to any unscheduled or scheduled system downtime. If you are a new customer you can apply for a loan over the same time period however, we are only able to process your application during business hours. If you are a returning customer, you can login to your online account and request a new loan 24/7. In some cases we may be able to process and approve your application for another loan 24/7, however, as a responsible lender we may need to carry out further checks, for example if we haven’t heard from you for a while. We carry out these further checks during business hours.


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Can I extend my loan?

We usually require full repayment of your loan on your next pay date; however it may be possible to request an extension of your loan to your following pay date on up to 5 occasions, subject to an assessment of affordability and on the basis that you continue to meet our eligibility criteria. Please bear in mind that a loan from 247Moneybox is not suitable for long term borrowing and extending your loan will always cost you more. If you require a longer term solution there are other more suitable forms of finance available elsewhere. If you wish to extend your loan you must inform us before your repayment date. To extend your loan requires you to pay any interest charged on your loan along with a £10 extension fee on the date your loan is due for repayment. Interest will continue to accrue on your outstanding loan at the same previous rate until your following pay date. If debt becomes a worry there are independent organisations you can ask for advice. Visit www.nationaldebtline.co.uk or www.stepchange.org for advice.


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How can I contact you?

Our friendly customer services team is available between 08:30 and 18:00 Monday to Friday. Postal address: 247Moneybox 145-157 St. John Street London EC1V 4PY Tel: 0871 423 8247 (Average call length 5 minutes, costing 50p from a BT landline based on 10p per minute - mobiles and other providers may vary). Email: customer.services@247moneybox.com.

Our website is available 24/7, subject to any unscheduled or scheduled system downtime. If you are a new customer you can apply for a loan over the same time period however, we are only able to process your application during business hours. If you are a returning customer, you can login to your online account and request a new loan 24/7. In some cases we may be able to process and approve your application for another loan 24/7, however, as a responsible lender we may need to carry out further checks, for example if we haven’t heard from you for a while. We carry out these further checks during business hours.


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How long?

 days

Borrow £ over days, total repayable £