How It Works

At The Money Hive, we offer you a straight-forward, transparent and purely online application process for you to get a suitable short term loan, whenever you need it.

Our loans are here to help you cope with a short-term financial need or emergency. Sustained borrowing over long periods may not be suitable for everyone.

Before you apply, please consider your application carefully to ensure that it is suitable for your needs and that you can afford to repay.

NOTE: Late repayments can lead to serious financial implications, so it is important that you are able to make your repayments on time before applying.

Step 1 – Choose your amount

Step 1

Use our advanced online short term loan calculator to apply for your loan. Choose your loan amount and the length of the loan in months and we will show you an estimated repayment. If you are happy to proceed with a full application, click the Apply Now button and move on to the next stage.

Step 2 – Complete Application

Step 2

The short term loan application process is simple and quick. We will only ask you for the information we need to make a quick decision, which includes your personal details, income, expenses and your bank account details.

Your application is then processed using our unique algorithms and a you'll receive a quick decision on whether you have been accepted or not. Once accepted you'll be asked to check your terms and conditions on-line, then electronically sign the documents.

Step 3 – Get your cash quickly!

Step 3

If you complete your application Mon-Fri before 3pm, you might receive your cash loan funds on the same day.

If your application is submitted after 3pm or on a weekend, you may not receive your funds until the next working day. The speed of payout will vary by your banks ability to accept faster payments, the exact terms will be explained to you when completing your application.

Do You Check My Credit Score?

As a lender, The Money Hive will not perform a credit check against your file until you submit your application. Once we have received your application, a credit check will be made and recorded on your file. If you are declined for loans at this point and don’t understand why, you can check the information credit reference agencies hold about you.

NOTE: Having lots of credit checks done in a short amount of time can affect your credit score, particularly if you are being declined frequently.