The Money Platform

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Company Information

  • Company Name:
    The Money Platform
  • Website Address:
  • FCA IP:
    716455
  • Business address:
    Unit 5, 160 Barlby Road, London, W10 6BS
  • Phone number:
    020 7873 2266

The Money Platform (https://themoneyplatform.com) is a short term loan broker that is based in London. The company is fully authorised by the FCA and was the first P2P lender to obtain full consumer credit permissions.

The Money Platform designed their own easy to use, transparent system that could be used by both borrowers and lenders. This ensures simple, fast access to loans and responsible lending. For this, the Financial Conduct Authority placed them onto their Project Innovate incubator program.

APPLICATION REQUIREMENTS:

To borrow from The Money Platform you need to be a UK resident and at least 20 years of age, be able to afford the repayments and have a current account with a debit card.

LOAN AMOUNT AND CHARGES:

The Money Platform offers loans between £250 and £1000 for between 21 and 84 days. They only want you to borrow what you can comfortably repay so the amount you can borrow may vary depending on your circumstances.

PROCESS:

The application process is very easy, you can choose how much you would like to borrow and for how long using the slider on their home page, this also shows you the amount of interest. Then you simply fill out their online form and you will be contacted by a representative who will confirm your details and verify that everything you have told them is correct, they will then work out how much you can safely borrow.

PAYMENT:

If successful the amount you borrowed will be transferred to your bank within a few hours, if after 3PM then you will usually have the funds the next morning. Borrowing on a Friday or weekend means that you may have to wait until Monday for the money to arrive.

The loan amount plus the interest will be taken out of your account on the agreed date so it is up to you to ensure that you have the funds available.

11 Reviews of The Money Platform have been submitted - read the latest 3 below

I have just paid off another loan from the money platform and I am very pleased with it. I have took out many loans with them and each time I have been as happy as the last.

If I ever need to speak to the staff they are always a great help and always fix any problems that I have. Not many lenders have friendly staff that really want to help their customers.

I don't have any complaints about the money platform and my cousin is also a regular customer with them and he loves them too. He doesn't use them as often as me but he has never ran into any problems with them and neither have I.

Review posted by WEEPAUL

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

I wanted to add more shoes to my collection as I believe looks mean everything. I usually take out loans to buy new clothes and I have spent a lot of money on top designer brands in the past few years. My wages are enough for me to pay for the rent, buy food and cover all the basics but it is not enough for me to treat myself.

The money platform offer a great service and they are perfect for me. They have one of the simplest applications and they have always accepted my applications. I don't find repaying the loans difficult as well thats why I have taken out so many.

Review posted by DJ Carl

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

My car was broken into and I needed it fixed quickly as I need to do the school run in the morning and then drive to work.

If I didn't need to take the kids in the car I would have just drove with a bag over the window till I could save up for it to be replaced.

There was no way I was going to drive with one of the windows broken because the kids safety is obviously number on priority.

I applied on the Friday and by Saturday afternoon I had a new window in my car and I could safely take the kids out.

Review posted by JimmyO

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money