We Are An Alternative To Payday Lenders  

The One Stop Money Shop is proud to be an alternative to payday lenders in the UK, allowing you to borrow up to £2,500 repaid over 6 to 24 months and give you extra flexibility when you need it.

Founded in 2002, we offer a responsible and effective way to borrow money. Our application takes less than 5 minutes to be completed and you will receive an instant decision on the screen. Subject to further checks, successful customers can receive funds into their bank account in 1 hour or less.

How is The One Stop Money Shop different to payday lenders?

More than 3 million people use payday loans in the UK every year, but whilst they can be an effective way to borrow money quickly, the loan terms require you to borrow and repay your full loan and interest within 14 to 30 days. This can often put borrowers under more financial pressure and create a dangerous cycle of repeat borrowing.

At The One Stop Money Shop, customers have the option to repay over monthly instalments, including 6, 9, 12 or 24 month loans, giving you much needed breathing space to pay for any initial expenses or emergencies and then have a longer period of time to pay off the loan.

Key Features:

  • Repay over 6 – 24 months
  • Lower APR
  • Same day funding
  • All credit histories considered
  • No guarantor required
  • We are a direct lender

If you find that you are in a position to repay your loan early, you can do so at any point, and it will typically be cheaper because you are accruing less interest overall.

We offer a competitive APR, which is cheaper than most payday lenders and other benefits include that there is no guarantor needed and we are a direct lender that you work with from start to finish.

What information do I need to apply with The One Stop Money Shop?

All customers can apply online and enter a few simple details including:

  • Loan requirements
  • Name
  • Address
  • Income
  • Credit history
  • Bank details (so we know where to send funds)

Our entire loan application only takes a few minutes and it is completely free to apply. Once complete, you will receive an instant decision on screen letting you know if you have been successful. You will receive a loan agreement online stating all the terms of your loan and once you have electronically signed, we can send funds to your bank account in one lump sum within 1 hour or on the same day.

If you’d like to find out more about borrowing money, we have many detailed articles on our website that can help, with financial explainers, jargon busters, step by step guides to budgeting and much more.  Take a look, and don’t hesitate to get in touch if you have any questions about our loans or service.