Apply immediately for a short term loan from £50 - £1000. Get an instant decision and receive your money directly to your current account within 15mins of approval! Now hows that for a quick service!
APR is not comparable with the actual interest you are charged find out more
As a responsible lender moola only want you to borrow money if its right for you and you can afford to repay the loan on the repayment date, do not apply for a loan with Moola if that is not your intention or if you think you may have difficulty in repaying your loan. Moola is not a lender and does not charge for our introduction service, we will only introduce you to a panel of lenders who will make a decision on your application and any loan agreement that you enter into will be with the lender that you choose to accept.
Our loan calculator details the cost of your loan before you apply, so theres no nasty shocks when it comes to repayment, what you see in the loan calculator is exactly what you have to repay by the repayment date. The Representative APR is 1724% (Variable) and is based on a year loan with compounded interest, which is not a true representation of your loan. What you actually pay is more like 1% a day, so if your loan is for 30 days the interest will be more like 30%.
Loans can be renewed, there is no cost to renew your loan , however, you must pay the current outstanding interest in the loan in order to renew. Interest will continue to be calculated daily ay 0.98% until the loan is repaid.
All loan companies expect loans to be repayed by the repayment date and if that promise is kept then there will be no other charges. The only time you will incur a charge is if repayments are not made on the date specified in your loan agreement, if funds cannot be recovered by 5pm on the repayment date a £20 missed payment fee will be applied. Interest will continue to accrue until your loan is repayed. . If after 60 days the loan is still outstanding and no agreement has been made, your debt could be passed your account to an external partner. Please be aware that failure to repay loans, could affect your credit rating with external credit reference agencies (CRAs) and could lead to credit blacklisting. Non repayment will ultimately result in debt collection agencies recovering the debt, so we do not recommend using our service if you do not intend to repay or think that you may have trouble in repaying your loan, so please think very carefully before you apply.
At moola what you see in your payday loan illustration is what you get, no sneaky charges or early repayment penalties, guaranteed!
Moola have a zero tollerance on cold calling we just dont do it, we will only contact you if you ask us to or if we need to verify your identity for your loan application.
Moola will only contact you to facilitate your payday loan request, you will never get any annoying emails or offers from moola. We will only contact you, if you specifically ask us to.
Moola values your time, which is why we have made our application process as fast and convenient as possible.