Payday Loans

Our short term loans are a flexible alternative to payday loans. Simply select how much you want to borrow and for how long. You could borrow from £100 to £2000, repayable over 3 to 12 instalments.

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Representative Example: £300 borrowed for 6 months. Annual interest rate of 179% (fixed). Total amount repayable is £461.70 in 6 monthly instalments of £76.95. Representative 444% APR.

Why choose a payday loan alternative?

Payday loans are unsecured loans that are traditionally paid back on your next payday. Payday loans are usually for relatively small amounts, designed to be repaid within days or weeks.

Payday loans can be great for those who need to make up a small shortfall in their cash flow, but paying back that lump sum all at once might not be convenient for everyone - it may in fact create more cash flow problems.

At The Money Shop we offer short term loans with instalment repayments. If you want it to repay in one go then you can, or you can spread repayments of equal size over 3 to 12 months, although borrowing for longer can be more expensive.

Why choose The Money Shop?

When looking at a provider for your financial needs, it’s important to only consider companies that are responsible. Not only are we regulated by the Financial Conduct Authority (FCA), but we’re also members of the Consumer Finance Association (CFA), which means that our services comply with responsible lending guidelines.

There are no arrangement fees, no late repayment fees and no early repayment fees. All you pay is your agreed interest.

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

Payday loans and short-term loans should not be used as a long term financial solution

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