Unsecured loans


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 an unsecured loan in 3 steps

Apply for your unsecured loan

Select how much you want to borrow and how long for. You could borrow from £100 to £2,000; repayable over 3 to 12 instalments. Please note that borrowing for longer can be more expensive.

Get a decision

Based on the details provided in your application form, we’ll make a lending decision. All applications are subject to credit and affordability checks.

Money deposited

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

Ways to apply for your unsecured loan

Online

Apply for unsecured loans online by filling out our application form. Receive an instant decision on your loan request.

Apply now

In-store

You can also apply for a loan in-store – with over 230 stores nationwide, there’s bound to be one near you.

Find a store

By phone

Alternatively, you can apply for a loan by calling our customer service team on 0800 009 3565*.

Contact us

What are unsecured loans?

Secured and unsecured loans are two different lending options. Banks will often offer secured loans, which require you to back your lending agreement with an asset, such as a house or vehicle. You risk losing your items if you fail to repay by your due date.

Secured loans enable you to borrow larger amounts than unsecured loans, and the repayment period can be longer.

Unsecured loans don’t require collateral from the borrower, and lending can be determined depending on the borrower’s credit rating. Unsecured loans can be an option if you don’t have an item of particularly great worth.

Apply online

What are the differences between secured and unsecured loans?

Aside from not needing collateral, there are other features of unsecured loans that differentiate them from secured loans.

Secured loans tend to enable you to borrow larger amounts of money, with repayments set over a longer period of time.

Because of the lack of collateral, unsecured loans often have higher interest rates. However, if your boiler has broken or your card needs fixing and you need some cash until you next get paid, you may decide to apply for an unsecured loan.

Before you apply for an unsecured loan, you should research into the different lenders available to ensure you pick one which is accredited and trusted.

In addition to unsecured loans (our payday loan alternative), at The Money Shop, we also offer secured loans with our pawnbroking service.

Why choose an unsecured loan with The Money Shop?

You can borrow from £100 to £2,000** with The Money Shop, subject to credit and affordability checks. This is repayable in monthly instalments aligned to your payday over 3 – 12 months. Find out more about our 3 month loans, 6 month loans and 12 month loans.

If you prefer, you can choose to repay your unsecured loan back in one go. We charge interest at a daily rate from 0.36% to 0.64% - that means you’ll pay between 36p - 64p per day per £100 borrowed. If you decide to pay back early, you’ll pay less in total, as you only pay interest on the number of days you’ve borrowed with us. Find out more about our loan charges here.

To apply for a loan in-store with us, you’ll need to bring your photo ID, proof of income, proof of address and a debit card. For unsecured loans online, you can upload these documents instead. Find the full list of ID we accept here.

Apply online

Important information about your unsecured loan

Paying back unsecured loans

We understand that your personal and financial circumstances can change. If this occurs or if you are having trouble repaying your unsecured 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. Please contact us on 0800 009 3565* if your card details have changed so that we can update this.

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

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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