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Representative Example: Total amount of credit £80, duration of the agreement 29 days, rate of interest 292% per annum (fixed), total amount payable (in one repayment) £98.56. Representative 1281.8% APR.
Welcome to 247Moneybox.com

4.9

247Moneybox is rated 4.9 stars based on 52 reviews from the last 12 months
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We're rated as Great with 2899 customer reviews

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Trustpilot stars   8.2/10

Rethinking the way we access credit

Established in 2009, 247Moneybox is an innovative next-generation finance company based in central London.

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 payday loans 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 payday 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.

  • Authorised and regulated by the Financial Conduct Authority (673915)
  • Registered with the Information Commissioner’s Office Z9339538
  • Registered with Companies House in England and Wales 05671281
  • Member of the CFA 4566
  • Telephone 020 7183 8078

See our Responsible Lending Principles

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 can be higher than other types of loans, such as those requiring you to provide a guarantor, which are typically 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 added to the amount of credit at the contractual rate on a daily basis until such time as you have repaid what you owe subject to the limits set out in the loan agreement. See our questions section below for more information.

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 broker or a lender?

247Moneybox is a principal lender. We use our money to fund our payday loans. Remember a payday loan provides 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.


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How do I know a 247Moneybox is loan right for me?

We have designed our payday loans to assist you to bridge your occasional short-term financial requirements. 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 those requiring you to provide a guarantor, 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 money issues become a worry, there are independent organisations you can ask for advice. Visit www.nationaldebtline.org or www.stepchange.org.

For more information please see our Responsible Lending Principles.

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What borrowing risks should I be aware of?

The aim of our payday loans is to provide you with a solution to your occasional short term money needs. They are to solve temporary cash flow problems, not for a long term fix and especially not if you already have money issues. Remember our loans will typically cost you more than other forms of credit such as a car loan or credit card. If you need finance for the longer term, please look elsewhere.

There are serious implications for missing or not making a payment. Consider in the first instance that we report loan information to credit reference agencies. Therefore, missing payments could adversely affect your credit rating. This may make it more difficult or expensive to be approved for finance in the future. Secondly, we may also send your debt to a debt collection agency or commence legal proceedings to recover the balance you owe. Thirdly, your bank may also charge you a fee if you pay us by Direct Debit and that Direct Debit does not clear. You should check if your bank charges for a failed Direct Debit under the terms of your account. Any such charge is unrelated to and not charged by us.

See the question What are the risks of borrowing? on our questions page for more information about what happens if we do not receive payment in full on your repayment day.

If you need to speak to an independent third party about your debt visit www.nationaldebtline.org or www.stepchange.org for advice.


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How are you a responsible lender?

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

  • Carrying out comprehensive credit, ID and employment checks to assess affordability
  • Prohibiting loan extensions
  • Advancing affordable and variable loan amounts based on disposable income
  • Charging interest on a daily basis, as opposed to monthly, so that early repayment can save you money
  • Being transparent, honest and open with you
  • Acting professionally, reasonably and responsibly in all our interactions with you. We will endeavour to make sure that all third parties that we do business with, do the same.
  • Making sure all our staff are highly trained, incorporating all relevant requirements, guidelines and codes set out in law and by the FCA as well as professional trade bodies such as the CFA. This is in addition to our Responsible Lending Principles.
  • Ensuring you have all the information you require to make an informed and sensible borrowing decision. Please contact us at any time if you require extra information.
  • Addressing your questions and handle complaints quickly and efficiently. Our complaints procedure is clearly set out in the Questions and Answers section.
  • Treat 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 criteria for a payday loan?

We will consider an application from you if you are aged 18 or over, a UK resident 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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What amount can I borrow?

We are committed to being a responsible lender. The maximum we would lend to a first-time customer would be £200. A typical first loan is £80, but it may be less than this amount. The final amount will be decided by us and presented to you during the application process before you sign your loan agreement. If you borrow responsibly we may allow you to apply for a larger amount in the future, should you need it, up to a maximum of £800.


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How much do you charge?

Our interest is charged daily at a rate of 0.8% of the amount borrowed. Payday loans are available up to £800. For example, to borrow £100 for 28 days would cost £122.40.

Representative Example:

Borrow £80
Duration 29 days
Interest rate 292% per annum (fixed)
Total payable £98.56
Representative APR 1281.8%


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How quick can you transfer my payday loan?

We appreciate that speed and convenience are vital factors when applying for payday loans, however we need to balance that with making responsible lending decisions. To read more information regarding cut off times see the question How long will it take to transfer my payday loan? on our questions page.

More information


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Will you extend my loan?

We do NOT allow you to extend or "rollover" your loan to your next paydate by paying the interest accrued to date. 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 have any financial stress. if you require a longer term solution there are other more suitable forms of credit available elsewhere. If money issues become a worry, there are independent organisations such as www.nationaldebtline.org or www.stepchange.org you can ask for advice.


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What are your contact details?

Call our friendly customer services team between 08:30 and 18:00 Monday to Friday. Or write to us at: 247Moneybox 20-22 Wenlock Road, London N1 7GU Tel: 020 7183 8078. Email: customer.services@247moneybox.com.

We always aim to make our website available to you 24/7. As you would expect this is subject to any unscheduled or scheduled system downtime. If you are a first-time 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 instances we may be able to process and approve your application for further credit 24/7, however, as a responsible lender we may need to conduct further checks, for example if we haven’t seen you in a while. We carry out these further checks during working hours.


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How do I complain?

Excellent customer service is central to our business model, however should you wish to make a complaint then follow the steps at What is your complaints procedure? on our questions page.


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How long?

 days

Borrow £0 over 0 days, total repayable £0


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