24/7 Moneybox (most commonly addressed as 247Moneybox.com) is a direct payday loan lender that has seen many changes over the years. One refreshing recent change is that they now provide instant payday loans delivered within just a few minutes for the transfer fee charge of £6, which is a vast improvement on the past same day payment that would have cost £20 and that was not nearly as fast as the new payment provided. 24/7 Moneybox is one of the more refined payday lenders on the market with a fresh site design with account management and lots of thorough information running throughout the site. There is a credit check carried out, rollovers are available and new customers can receive a loan between the range of £80 and £200, whilst existing customers can apply for up to £800.

The 33% interest charge with 24/7 Moneybox loans is a little on the high side when you add on that transfer fee. One thing that is worth noting is that Moneybox provide the option for customers to login and make an early payment to clear their balance at any time and since they are charging interest by the day you will be able to make big savings by doing this. I wouldn’t consider them to be a short term loan lender alike Speed-E-Loans, Wonga etc as they seem more focused on providing monthly loans and don’t promote the ability of cutting down the payment days nearly as much as they could be doing. There is no clear mention on the site whether this is a faxless payday loan. I have recently spotted that they do offer a promo code and so I will look into this and will update this posting when I have further details.

Charges for a £100 Loan:
Charges: £33/£100 interest + £6 transfer fee = £39/£100

(tags: 24/7moneybox.com, 247 money box loans, active securities limited, moneybox 247 loans, very fast payday loans)