247Moneybox.com can lend you between £80 - £800 although new customers can only borrow up to £200. Taking out loans regularly will prove to them that you are responsible at paying them back.
New customers can apply online and existing customers can apply online or via text. You can apply by texting them with a PIN number you will be given after your initial application. For new customers, you will need to complete the application form on the website. Once you have completed the form, it will be passed onto a representative for further checks. They will contact you if they require any further information.
They charge 1.1% on the balance daily, so the quicker you pay back the loan, the less you pay. They payout within the hour for a small fee which you don't have to pay up front. If you do run into problems with them, make sure you do everything in writing and make copies of it just in case the problem goes further. Also, they may contact your place of work if you run into payment trouble.
Please note that a 12 pence charge is required to validate your debit card. The 12 pence is non refundable, even if your application is unsuccessful.
The cost of credit with this lender is £67.32 for every £200 borrowed. This means that if £200 is borrowed over 28 days £267.32 will be due in full on day 28.