3 month loans

3 month loans can be a life line if you have an emergency expense or unexpected bill, meaning you may suddenly be in need of some cash. 3 month loans allow you to spread the repayment of your loan over a three month period. Whilst you may pay back more over the period of time, each monthly instalment is lower than if you were to pay the full amount back in one go. You can apply for a loan with us by visiting one of our high street stores.

3 month loans should not be used for a long term financial solution.

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Representative Example: £300 borrowed for 3 months. Annual interest rate of 292% (fixed). Total amount repayable is £490.85 in 3 monthly instalments of £163.62. Representative 1150% APR.

Apply for a short term loan in 3 steps

How much and how long?

You could borrow from £50 to £2000 and repay over 1 to 6 instalments.

Get a decision

The details you provide on your application will be used to help us make a lending decision. All applications will be subject to credit and affordability checks.

Getting your money and repayments.

If we approve your loan, you could walk out with the cash straight away. Repayments will be taken from your debit card on the agreed repayment date(s)

What is the difference between 3 month loans and payday loans?

Payday loans are traditionally paid back in one lump sum on your next payday. Whilst they can be good if you need to make up a small shortfall in your cash flow, if you are unable to pay back the lump sum all at once it could create further cash flow problems.

3 month loans allow you to spread the repayment of your loan over a three  month period. Whilst you may pay back more over the period of time, each monthly instalment is lower than if you were to pay the full amount back in one go.

Can I apply for a 3 month loan with The Money Shop?

At The Money Shop, we offer 3 month loans. In fact, you can apply for between £50 - £2,000, spread over 1 – 6 monthly instalments.

We don’t charge any fees on our loans: that’s no arrangement, late repayment or early repayment fees. All you pay back is your agreed interest. If you find that you have some extra money and would like to pay your loan back sooner, then you can. In fact, by doing so, you’ll reduce the amount of interest you pay, as it’s calculated on a daily basis.

To apply for a short term loan in-store you'll need to bring your debit card, photo ID, proof of income and proof of address. Click here to see the full list of ID we accept.

To find out more about how to apply for a loan please view our how short term loans work page, or if you would like to read more details on our rates please visit our loan charges page.

Looking for an online loan?

The Money Shop no longer offer loans online through the website www.themoneyshop .com or over the phone. To find out more information click here.

Important information

We understand that your personal and financial circumstances can change, if this occurs or if you are having trouble repaying your loan let us know as soon as possible by contacting us on 0800 009 3565* and we will do our best to help.

Your loan repayment(s) will be taken automatically on the contractual date(s) using your debit card. If your card details have changed please contact us urgently on 0800 009 3565 to update these.  Please be aware that late repayment by you may result in us reporting this to the credit reference agencies which may have a negative effect on your credit score. There are no late repayment fees if you miss a payment and we will not charge any additional interest.

Please note that loan renewals are not offered for this product. If you are an existing customer and would like to apply for another loan, please visit us in-store. Remember that short term loans can be an expensive form of borrowing, so take time to consider the costs and risks of the product before taking out a loan.

Free debt advice

If you are experiencing financial difficulty, please click here to find information on non-fee charging agencies that provide independent advice.

Short term loans should not be used as a long term financial solution

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