Will my rate change once I apply?

Your rate will stay the same and will be valid for between 7 and 30 days depending on the lender.

Will applying affect my credit score?

No it will not, one of the main benefits of applying for a loan with Money ID is our lenders perform a “soft search” to deliver your custom rates. This will not affect you credit score like a hard search would. Soft search are recorded on your file but only you rather than lenders can see it.

What loans can I get from Money ID?

Money ID offers unsecured loans from £100 to £25000 with a term of 1 – 5 + years.

What is an unsecured loan?

An unsecured loan is a loan that is taken out from a customer and is purely based on credit worthiness and not secured on an asset such a home or a car. No collateral is take out for the loan so lenders may see you as a higher risk.

What is a guarantor loan?

A guarantor loan is a loan that is backed by someone that you know such as a family member or a friend. The lender will request the guarantor agrees to repay the loan should you default on the agreement.

What is APR?

APR or annual percentage rate is a term that is used by lenders to inform he customer the cost of borrowing money per year. This is also the rate lenders use to advertise their loans.

How much can I borrow?

This can vary depending on your circumstances and financial situation. The lenders on our panel offer loans up to £25000 depending on your credit rating and financials.

Who is eligible for a loan?

Anyone who is a resident in the U.K and over the age of 18 can apply for loan. Because Money ID offers a variety of lenders all credit backgrounds should have an option of a loan.



How do I apply?

You can apply online here.

How long will the decision take?

Within 2 minutes.

How long will it take to receive the loan?

Depends on the lender. Please see lenders terms and conditions for more information. Most lenders offer funding within 24 hours.

What if I change my mind?

You are not obliged to take up the loan offer. Please be aware the loan offers may change if you choose to apply again in the future.

Why do you need my bank details?

This will reduce the time it takes for the long to receive your bank account and is also used for credit references.


Money ID

Who are Money ID?

Money ID is a credit broker and not a lender. It acts as an intermediary between customers and our panel of lenders. We work with the lenders to help find the best solution for each customer using technology.

Are you FCA regulated?

Money ID LTD is registered with the financial conduct authority. Registration number is 831611

How do we make money?

Money ID do not charge customers however if you take a loan from our panel of lenders we will receive a commission.

What is Money IDs registered address?

Money ID LTD, 177 Walkden Road, Worsley, M28 7QH



How can I make a complaint?

To make a complaint please contact us here.

How can I leave feedback?

To leave feedback please contact us here.