Pay monthly loans
Take a loan of between £200 – £750 with flexible repayment plans
If you're looking at taking out a loan, you can borrow between £200 and £750 with Morses Club and pay back the loan in regular weekly or monthly instalments. Use our loan calculator via our online application to decide how much you'd like to borrow and over what period of time you'd like to repay it.
Existing customers can express an interest in a new loan, via the online portal. From there, your CSA will be in touch with you to discuss further.
New remote lending option
Apply now for an initial decision online
Do Morses Club offer pay monthly loans?
All loan agreements give you the option to repay your loans on a weekly plan. However, if you would like the option of a short term loan to pay back monthly, we advise you to discuss informal arrangements with your local Customer Support Associate.
Why choose a pay monthly loan?
Here are a few reasons why:
You get to choose your loan amount.
If you buy a washing machine or fridge freezer on finance, the amount you borrow is set – it's the cost of the item plus interest. With a loan such as those offered by Morses Club, you can select the loan amount you need, anywhere between £200 and £750.
You manage your costs.
A monthly loan allows you to manage your costs yourself, fitting them around your other financial responsibilities.
Fortnightly and monthly repayment plans
You might be able to pay back your Morses Club loan fortnightly or monthly.
Frequently asked questions
Morses Club takes a personal approach to customers and when our Customer Support Associates speak to you, we'll be ready to answer all of your questions. Here are the answers to some of the questions we're often asked.
What are the benefits of pay weekly vs pay monthly?
Weekly payments mean you pay less, more often, which some people feel gives them more control than having a larger monthly outgoing.
Is a pay monthly loan a good alternative to pay monthly finance?
There are some pay monthly loans that offer good rates of interest and repayment terms when compared to fortnightly or monthly finance, but there are also instances where pay monthly loans can be more expensive than finance. Make sure to thoroughly weigh up your options when considering what sort of loan is right for you.
What if I have bad credit?
Some people have a poor credit score and wonder whether they'll be able to secure a pay monthly loan with bad credit. We look at your circumstances, so bad credit may not be a problem with Morses Club. Find out more here.
Can I amend my monthly repayment schedule?
We're always here to listen to our customers. If you'd like to amend your monthly loan repayment schedule at any point, speak to your Customer Support Associate.
Does Morses club offer a pay monthly plan to the unemployed?
We can tailor our loans to meet each applicant's individual circumstance, subject to affordability checks.
Where can I apply for a loan with Morses Club?
If you're interested in taking out a loan with Morses Club, you can apply here:
