If you have short-term financial difficulties, you can consider using 247moneybox Loans.
It is a great way to deal with unexpected expenses without bothering your friends or relatives.
You can read further to find out more about the conditions offered by this service as well as their ratings.
About the 247Moneybox
247 Moneybox provides payday loans for people who encounter unexpected expenses and have to pay them shortly.
In order to ensure responsible lending, all potential borrowers will be able to find out whether the requested loan is affordable for them.
The business allows customers to know for sure how much and when they will have to repay. Interest on loans is 1.3 %.
247 Moneybox is a member of the BCCA. It is regulated by the FCA.
How Can You Apply?
The application process is easy, and you can quickly go through it right on their website.
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You will have to go through a special check to determine your credit history (bad credit is accepted), employment, and affordability.
The following are the basic requirements that customers must match to apply for 247 Moneybox Loans:
- The residency of the UK;
- The age of 18 years or more;
- A regular income;
- A bank account;
- A debit card issued in the UK.
Some customers can use the My Account facility to apply for loans.
This service is available 24/7 (247 Moneybox).
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How Much Can You Borrow?
Loan amounts vary depending on many factors, and borrowers may be offered with different conditions.
As a new customer, you can get something up to £200, but, generally, you can apply for the amount ranging from £10 to £400 for the period 15-46 days.
Once your application has been processed and successfully approved, you will receive the money within one day.
It is possible to repay your load earlier to decrease interest charges.
You can obtain your loan via Faster Payments if your application is approved before 3 pm (it costs £20).
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What about Late Repay?
Loan repayments are conducted right from your debit card, so you should make sure that you have enough funds on the day of repayment.
It is essential to pay your loan in time, but if you encounter a problem, you should contact 247 Moneybox’s representatives immediately.
Usually, 247 Moneybox adds a fee in the amount of £15 for missed or late payments.
Ratings and Reviews
On Trustpilot, we have found 1,529 reviews with a rating of 8.6 out of 10. 76% of the users have rated the services as excellent.
On Readiest, 92 customers have given the average rating of 3.8 out of 5, and Review Centre contains 228 customer reviews and the rating of 2.9 out of 5.
Some of the complaints are related to the poor customer support.
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247 money box is a good option for UK customers looking for additional financial sources.
Its ratings are above average with lots of clients praising their services.
The conditions are affordable and bad credit is accepted.
We can only recommend checking out their customer support before you apply for short term loans.