£400 Loan
Need a £400 loan today? Monixa is a direct lender that considers people with bad credit too. Apply online, get an instant decision, and if approved, get cash to your bank within 90 seconds†. No hidden fees. Just fast and honest lending.
Representative APR 1230%
Loan calculator
Select your amount and term to see example repayments.
Representative Example: Given a Representative APR of 1230%, if you borrow £300 over 6 months at 292% p.a. (fixed), you would owe 6 equal repayments of £100. You will repay £600 in total.
Quick summary
- Borrow £200 to £1,500
- Repay over 4 to 6 months
- Soft search eligibility check
- No hidden fees or early repayment penalties
Please be aware that the figures displayed are an example. The amounts applicable to your loan may differ depending on the length of time between the date of the loan and the first repayment.
Representative APR 1230%
Applying won't affect your credit score (unless you actually take out a loan).
Why Choose Monixa for a £400 Loan?
Direct Lender
Monixa is an FCA authorised lender, not a broker. We lend money to you directly. This means faster decisions, better control over your loan, and a simpler entire process from start to finish.
Borrow £200 to £1,500 with Instant Decisions
You can choose a loan amount between £200 and £1,500 based on your financial situation. Our application process takes a few minutes. You get a decision in seconds. If approved, we send cash to your bank within 90 seconds†.
Flexible Repayments Over 4 to 6 Months
Spread your monthly repayments over 4 to 6 months with fixed monthly instalments. Unlike payday loans, you do not need to repay everything at once. We offer flexible repayment terms that work around your regular income.
No Hidden Fees or Early Repayment Penalties
Monixa believes in transparent lending. You will never face hidden fees or surprise charges. Want to repay your loan early? Go ahead. We do not charge any early repayment fees. What you see in your loan agreement is exactly what you pay.
Representative APR 1230%
What Our Customers Say About Us?
Representative APR 1230%
Who Can Apply for a £400 Loan with Monixa?
Applying for a 400 pounds loan with Monixa is open to most UK adults who might be facing financial difficulty. You do not need a perfect credit history to apply. We consider people with low credit score backgrounds as well, because we believe your current financial situation matters more than your past.
To be eligible, you must meet these basic requirements:
Be aged 18 or over
Be a UK resident with a valid UK bank account
Have a regular source of income from employment
Have an active mobile number and email address
A poor credit score does not automatically disqualify you. We review every application individually. We look at your affordability, not just your credit rating.
Representative APR 1230%
How to Apply for a £400 Loan with Monixa?
Getting a £400 loan from Monixa is quick and straightforward. The application process takes just a few minutes, and you can do it from your phone, tablet, or computer. No paperwork. No branch visits. Everything happens online. Here is how it works:
Choose your loan amount
Decide how much you need between £200 and £1,500. Use our loan calculator to see your repayment terms and total cost even before you apply. This helps you borrow only what you need. No surprises and no hidden fees.
Fill in the application
Fill out our online application form with your personal and financial details. We keep your data safe and private. This step takes just a few minutes. Monixa ensures the process is straightforward so you can get back to your busy day quickly.
We run a soft credit check
This does not affect your credit score. We check your affordability and credit history to see if we can make you a loan offer. No hard search is carried out at this stage.
Get your decision in seconds
Once you submit your application, we review it and give you an instant decision. If we approve your loan, we send you a clear loan offer with no hidden fees.
Receive your money fast
If you accept the offer, we transfer the cash to your bank within 90 seconds†. Same day transfers mean you can have the funds ready to use almost immediately.
No hidden fees. No complicated paperwork. Just a simple, honest lending process from a direct lender you can trust. There is no obligation at any step. If the loan is not the right choice for your circumstances, you can walk away with zero cost and no impact on your credit score.
Representative APR 1230%
Can I Get a £400 Loan with Bad Credit?
Yes, you can. Monixa considers applicants with bad credit or poor credit history. A low credit score does not automatically disqualify you from getting a £400 loan with us. We look beyond your past. When you apply, we assess your current financial situation, regular income, and ability to comfortably afford the loan repayment. If you can show that the repayment amount fits within your budget, there is a good chance you will be approved.
Many lenders reject applications based on credit score alone. We do things differently. Monixa carries out a fair affordability assessment and credit check to understand your full picture. Bad credit happens to good people, a missed payment, an unexpected bill, or a difficult period can affect anyone. That should not stop you from getting the financial boost you need today.
If other lenders have said no, Monixa could still say yes. As a responsible lending focused company, we offer online loans that put your current affordability first, not just your past.
Representative APR 1230%
How Much Does a £400 Loan Cost?
At Monixa, we believe in full transparency. Before you accept any loan, we show you the total cost upfront, including interest rates, repayment terms, and the total amount you will pay back. No surprises. No hidden charges.
Here is a representative example of what a £400 loan looks like:
Representative Example: Borrow £400 over 6 months at a fixed annual interest rate of 292%. You would owe 6 equal monthly repayments of £132.95. Total amount repayable: £797.67. Representative APR: 1230%.
The actual cost of your loan depends on the loan amount, your repayment terms, and your personal circumstances. A shorter term means you pay less overall, while a longer term keeps each payment smaller and more manageable. We encourage responsible borrowing. Only borrow what you need and what you can comfortably afford to repay.
Representative APR 1230%
What Can You Use a £400 Loan For?
A 400 pounds loan from Monixa can help you cover a wide range of unexpected expenses. Life does not always go to plan, and sometimes you need quick access funds to deal with things that cannot wait. That is exactly what our small loans are built for.
Here are some common reasons people borrow £400:
Urgent car repairs
A breakdown or MOT failure that needs fixing fast.
Home repairs
A broken boiler, leaking pipe, or damaged appliance.
Unexpected bills
Council tax shortfall, energy bills, or school-related expenses.
Larger expenses
Moving costs, funeral contributions, or travel emergencies.
We do not restrict you on how you spend it. But we recommend using it for unexpected short term financial emergencies only.
Just make sure you can comfortably afford the loan repayment before you apply.
Representative APR 1230%
Will Applying for a £400 Loan Affect My Credit Score?
No. Applying for a £400 loan with Monixa will not affect your credit score. When you first apply, we run a soft credit check to assess your eligibility. A soft search is only visible to you and does not leave a mark on your credit history for other lenders to see.
This means you can check eligibility and explore your options without any risk to your credit score. You will receive a no obligation quote showing your repayment terms, interest rates, and total cost before you commit to anything.
A hard credit check only happens if you choose to accept the loan and move forward with the loan agreement. At that point, the search will appear on your credit file.
Representative APR 1230%
Frequently Asked Questions About £400 Loans
How Long Does it Take To Get a £400 Loan from Monixa?
The application process takes a few minutes. Once you submit your details, you will receive a decision in seconds. If approved, Monixa sends the cash to your bank within 90 seconds. Most customers receive their 400 pounds loan on the same day they apply, making the process hassle free from start to finish.
Can I Repay My £400 Loan Early Without Extra Charges?
Yes. Monixa does not charge any fees for early repayment. If you want to clear your £400 loan before the agreed term ends, you are free to do so. You will only pay interest up to the date you settle. This gives you full control over your loan repayment and helps reduce the overall cost.
Is Monixa a Direct Lender or a Broker?
Monixa is a direct lender, authorised and regulated by the FCA. We are not a broker. When you borrow from us, you deal with us directly, no third parties, no middlemen. This means faster decisions, a simpler loan experience, and complete transparency with your repayment terms and interest rates.
Do I Need a Guarantor for a £400 Loan?
No. All Monixa loans are unsecured loans, which means you do not need a guarantor or any form of collateral. Your £400 loan approval is based on your credit check, affordability checks, and ability to comfortably afford the repayment amount. We keep the process simple so you can focus on what matters.