Simple loans, your way

Choose from our 3 loan types

Representative examples are for illustration purposes only. The rate and / or term you are offered is dependent on your individual circumstances

1

Complete our 2 minute form

Fill out our quick form online¹. This should take no more than 2 minutes.

2

We Will Match You With A Lender

You will get your decision in around 30 seconds.

3

Review Your Loan Offer

Once you receive your quote, complete the final step to transfer money

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Calculate your repayments

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  • Loan amount
    £
    No. of Repayments
    First repayment
    Last repayment
This example is for illustration purposes only. Customers who do not meet our normal criteria may be offered a different APR to our representative rate.
At a glance

A short term loan in minutes

Because no-one likes waiting, applying for a short term loan through Moolr is quick, simple, and amazingly pain-free.

  • Fast decision in just minutes
  • Loan offer presented for approval online
  • Short term loans available from £100 to £5000
  • Fixed monthly repayments between 1 month and 36 months
  • Many lenders offer the chance to overpay, to reduce interest
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Representative 305.9% APR

Alternate Text

Representative

305.9% APR

for loans between £500 and £5,000.

Representative example: £400 borrowed for 90 days. Total amount repayable is £561.92 in 3 monthly instalments of £187.31. Interest charged is £161.92, interest rate 161.9% (variable). Representative 305.9% APR.

Everything you should know

How much can I borrow?

Moolr find loans ranging from £100, right up to £5000. We work with lenders that specialise in helping all credit types – even those with bad credit. Our lenders also have flexible repayment periods, to suit any budget.

We only work with responsible lenders, and as such, it is important that you provide us with true and proper answers to our 1 minute, no obligation application form. If you think that your circumstances may change, please inform your lender before finalising the loan offer.

Such changes that you should consider are:

  • Employment – are you likely to either retire, take maternity or paternity leave during the term of your loan?
  • Working hours – could there be a reduction in hours? If you are on a fixed contract, will this come to an end during the term of your loan?
  • Living costs – might these rise during the term of your loan? E.g. rent or mortgage payments.

Please note, everything we ask for on our brief application form is required by the lenders, in order to offer you the fairest loan possible.

What will my monthly payments be?

Your monthly repayments entirely depend upon how much you borrow, over what period of time (term), and your personal and financial situation. These factors can affect the APR offered, which determines your monthly payments.

How long can I take to repay my loan?

At Moolr, we work with lenders that offer flexible repayments. Applying with Moolr means you are under no obligation to commit, and if you don’t like the loan offer that we send you to, then simply walk away, and don’t finalise.

Our lenders specialise in all types of credit, and are able to offer repayment periods of 1 month or 3 months, for loans required under £1000. For short term loans over £1000, you have the ability to repay over 6 months, 12 months, 18 months, 24 months, or 36 months – depending on the decision of the lender.

How long will it take to get a decision?

In order to complete our no obligation loan application form, electronically contact our panel of c.40 lenders, and present you with your online short term loan offer, we aim for this all to happen in around 3 minutes. This saves you having to potentially make several applications direct with lenders, and face the disappointment of rejection, as our system does this for you, for FREE.

When will I receive my money?

Transfer times vary from lender to lender, and bank to bank. Often, once you finalise your application from your lender’s site, you can receive your funds straight in to your nominated bank account within 15 minutes. Where more information is required, the maximum amount of time in which you should see your loan clear is 48 hours. Please speak directly to your lender for any queries on this.

Can I use my loan for anything?

A much needed holiday, combining your existing debt, or building a breakfast making robot – there are countless reasons one might require a short term loan. There are circumstances where we don’t recommend a short term loan – for instance for gambling, share dealing, or supporting a business, and we do insist that all of our customers consider the values of responsible borrowing, much as the lenders adhere to responsible lending principles.

Can I consolidate my existing debt with my loan?

Of course – depending on the value of your loan. For loans £1000 and under, the cost of borrowing is higher, and so consolidating smaller debts is not a good idea. For higher loan amounts, over £1000 though, this can be a good way of reducing your monthly debt repayments, especially if you have a credit card or overdraft.

Some considerations we feel you should think about before consolidating debt with a short term loan:

  • Interest rate (APR) – how will this affect your monthly repayments, and will this mean you are getting a better monthly repayment figure than your existing debt? Will your circumstances allow you to meet your new repayments?
  • Budget – a short term loan spread over a longer period of time can reduce your monthly repayments, but this will of course mean the overall amount you repay will be greater. What option suits your budget better – higher monthly repayments and a lower overall repayment figure, or vice versa?
  • Over-payment or early-repayment – has your lender provided you with information on either of these two options. There should be no charge to make higher repayments than you have agreed. Also if your circumstances change, and you can repay your loan early, will there be a fee to do so?

What happens if I think I’m going to miss a payment?

If you are ever worried about managing to make a monthly repayment, then please contact your lender directly, and straight away. As responsible lenders, your situation should be met with understanding, and the goal should be working together to get through the bump in the road.

There may be additional charges or interest on late payments, but this will be outlined in your lender’s terms and conditions, so please read these carefully before committing to your short term loan.

Should you continue to fail to make your monthly repayments, then a record may be left on your credit report, which could adversely affect it. Please do your best to ensure you deal with the problem before this point.

Banking just the way you like it

Talk to real people on the phone 24/7, or go online, on your mobile or on your tablet. We're here whenever and wherever you need us.

No obligation application

Simply complete all the information the our lenders require in order to make their decision, and click apply. Filling out the form should take no more than 1 minute, and we have made it simple to use. Remember, you can walk away at any time.

Banking just the way you like it

Talk to real people on the phone 24/7, or go online, on your mobile or on your tablet. We're here whenever and wherever you need us.

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"Very impressed with the service i received - application was quick and easy to understand, I was approved the same day and had the money in no time. Would use again, especially as the rates were better than I could get elsewhere."
Howard, Manchester

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Don’t borrow money if you can’t pay it back
You should only borrow money if you are certain you can pay it back. If you are struggling with your money commitments, then please DON’T borrow more. If you have existing loans that you cannot afford to repay, get in contact with your lender and discuss the situation immediately. The details of your actual loan will be between you and your chosen lender. Please make sure you read and understand the terms and conditions from your lender very carefully before agreeing to the loan.

A short-term option
Short-term loans are always a short-term option. If you don’t fully repay your loan when agreed then your lender could add fees and charges to your loan that make it more expensive. Your lender may also report to the credit reference agencies, so if you fail to meet your repayments, your credit rating might be adversely affected.

Paying back your loan
Most Lenders will use the card details you provide to collect your repayments. You may be asked to set up a direct debit to make your repayments. If they have been unable to collect your repayment on the date its due then they will usually keep trying your card for up to 90 days. Your lenders collection practices should be outlined in their terms and conditions so refer to them if you have any concerns.

Rolling over your loan
If you take out a loan and can’t afford the repayment, you may wish to rollover your loan. Doing this will incur you further charges including additional interest and possibly a fixed charge for missing the original repayment date. Due to these additional charges, the total amount owed can inflate to an unmanageable amount with you quickly losing control of how much you owe.

As part of the new FCA regulations, you can only roll your loan over twice, so it is important that should you find yourself struggling to pay back your loan on the pre-arranged date that you speak to the lender and explain your circumstances.

What happens if you are struggling with your payments?
If you’re struggling to pay back your loan, the worst thing you can do is ignore the problem. Get in contact with your lender as soon as possible to arrange a solution that works for both you and them. It’s worth remembering that you shouldn’t apply for a loan if you think you may not be able to repay it in full and on time.

5 days to change your mind

Call us to return the loan and you won't pay a penny in interest *