Representative Example: £300 borrowed for 6 months. Annual interest rate of 179% (fixed). Total amount repayable is £450.18 in 6 monthly instalments of £75.03. Representative 447%.
Do ‘instant cash loans’ exist?
Usually to apply for a payday loan from any company, your application will need to be approved before you receive a money, meaning that there is no such thing as an instant loan.
We provide short term loans, enabling you to borrow money from us for a specified period of time. Whether you have an unexpected bill or your washing machine has broken down, you may decide to take out a loan.
Whilst we don’t provide ‘instant loans’, we do provide instant decisions on applications. If you apply for a short term loan online with us, simply fill out our application form, and we’ll let you know whether you have been approved or rejected.
Alternatively you can fill out an application at one of our 230 stores nationwide, and our experienced staff will let you know if you have been accepted or rejected.
Remember that you should take time and think carefully before applying for a short term loan.
More information about our short term loans
You can apply for a short term loan online, in-store or over the phone. When you apply for a short term loan online with us, you’ll receive an instant decision. If your application has been approved by 3pm, you’ll receive a same day money transfer. For existing customers, our deposit times run from 4am until midnight on the hour, everyday**. Please note that borrowing for longer can be more expensive.
Alternatively if you apply for a loan in-store with us, if you are approved for an instant loan, you will receive your cash immediately. All loan applications are subject to credit and affordability checks.
Why choose The Money Shop?
We’re a provider of financial services to a range of customers nationwide. We are a trading name of Instant Cash Loans Limited, who are authorised and regulated by the Financial Conduct Authority for credit related activities.
We’re here for our customers – whether it’s online, over the phone or on the high street, and we pride ourselves on great customer service.
Important information about short term loans
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, unless you prefer to cancel these and make alternate payments e.g. cash payments in-store. 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 do this through your online account or come and visit us in-store.
Free debt advice
If you’re experiencing financial difficulty, please click here to find information on non-charging agencies that can provide independent advice.
Short term loans should not be used as a long term financial solution