Text loans alternative


Select your loan options

How much? £

Number of repayments

repayments of

When is your next payday?

Repayment summary

Please ensure you can afford each of the repayments before applying.

Amount borrowed:
Length of borrowing:
First repayment date:
Instalment amount:
Total repayable:

Repayment summary

Please ensure you can afford each of the repayments before applying.

Amount borrowed:
Length of borrowing:
Date of repayment:
Interest per day:
Total repayable:

Please note: Calculation is for illustrative purposes only. The actual cost and repayment summary may vary based on affordability and pay dates.

Please note: Calculation is for illustrative purposes only. The actual cost and repayment summary may vary based on affordability and pay dates

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%.

Apply for a short term loan in 3 steps

Apply for your loan

Select the amount you want to borrow and how long for. You could borrow between £100 - £2,000, repayable over 3 - 12 months.

Get a decision

We’ll make a lending decision based on the details you’ve provided. All applications are subject to credit and affordability checks.

Money deposited

If your application has been approved, it will be finalised and deposited to your bank account subject to our final checks**

Ways to apply for your short term loan

Online

Fill out our online application form, and receive an instant decision.

Apply now

In-store

Visit one of our 200+ stores to apply for a short term loan.

Find a store

By phone

Alternatively, you can apply for your loan by giving us a call on 0800 009 3565*.

Contact us

What are text loans?

Text loans are exactly what they say they are: you can apply for a loan by text. If you need emergency funding, then this can sound extremely convenient. However, there are other alternatives to text loans that are convenient too.

Do the Money Shop offer text loans?

We don’t offer text loans at The Money Shop. We do however, offer alternative methods to apply for a short term loan.

You can apply for a short term loan (our payday loan alternative) with us online by filling out our application form and receive an instant lending decision. You can choose to borrow between £100 - £2,000, repayable over 3 – 12 instalments aligned to your payday. Once your application has been approved (subject to credit and affordability checks); your loan will be deposited into your bank account. Find out more about our 3 month loans, 6 month loans and 12 month loans.

If your loan application has been approved before 3pm, you will qualify for a same day transfer. Applications run every hour on the hour from 4am until midnight everyday**.

Alternatively, you can visit us in-store and apply. If you’ve been approved, you’ll receive your cash instantly.

Apply online

Why use The Money Shop for alternatives to text loans?

We're available – whether it’s online, over the phone or on the high street.

We don’t charge any fees on our text loan alternatives: that’s no arrangement, late repayment or early repayment fees. All you pay is your agreed interest; and if you decide to pay back early, you’ll pay less as interest is calculated on a daily basis between 36p – 64p per day per £100 borrowed. Please note that borrowing for longer can be more expensive.

Apply online

Important information about our short term loans

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.

There are no late repayment fees if you miss a payment for your loan, and we will not charge any additional interest. However late repayment may result in us reporting this to the credit reference agencies, which may have a negative effect on your credit score.

If you are an existing customer and would like to apply for a short term loan, please do this through your online account. Alternatively, you can visit us in store or contact us on 0800 009 3565* to apply by phone**.

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

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

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