Fast affordable loans from 0%

Punk Money has been designed to make borrowing and lending money between friends and family simple, fair and transparent - keeping your relationships intact. 

Friends and family can be the most affordable and flexible source of finance for personal loans. But the awkwardness involved and the negative effect they can have on relationships push people towards more expensive banks, credit cards and high-cost lenders.

We are the solution - in just a few minutes, you and your friend or family member can create a loan and sign a legally binding contract.

Punk Money is a platform that can help people improve their credit scores by setting up and repaying loans with people they know. Here's how it works:

1. Create a Punk Money account: Customers create a Punk Money account and find a friend or family member who is willing to lend them some money. 

2. Set up a loan: Customers set up a loan with someone they know, choosing the amount they want to borrow over all, if there is interest and the duration of the loan, which will dictate the amount they repay each month. 

3. Credit building: Each month, the customer's loan repayments are reported to the credit reference agencies. This helps to build a positive credit history and improve the customer's credit score.

Punk Money is designed to help people who have limited credit history or a poor credit score to build a positive credit history and improve their creditworthiness. By using Punk Money, customers can demonstrate their ability to make regular payments, which can help to increase their chances of being approved for credit in the future.

Borrowing or lending money between people you know isn’t easy. You have to agree on the terms, keep up with the payments and rely on the trust you have. We take the hassle out of the loans, giving you your time back and keeping things more secure. 

Here are some of the reasons you should use us:

- It takes the hassle out of lending to people you know 
- We handle all the paperwork, creating you a legally binding contract
- No credit checks
- Improves your credit score

It’s simple. Just enter your and the other parties' details into our loan builder, and then sign the loan contract on our platform. The loan agreement will then be sent to the other party to agree and sign. 

Nope. Whether you need a small cash top-up from £100 until payday or £100,000 for a house, you can use the platform to set up and manage your loan.

Punk Money wants to make borrowing and lending money between friends and family as affordable as possible and accessible for everyone.

Lenders and borrowers can set the rates for the their own loans, adding interest if they wish from 0% - 10% Apr on their loans.

We allow people to add interest to their loans in order to make lending to people you know easier and more beneficial to both parties.

For example, if you need to take money out of savings in order to lend it to someone, it would be nice if you weren't out of pocket by the time they paid you back and in times of inflation, it might be nice to keep up.

Additionally if you're asking to borrow money, it might be nice to offer to sweeten the deal by adding a little interest to make lending to you more attractive than keeping their money in low earning savings.

Punk Money is designed to help people set up fair and affordable loans with their Friends and Family.

That's why we're keeping our fees as low as possible with a clear and simple pricing structure.

All loans are the same - it's a 1% arrangement fee and £1 a month connection fee for the term of the loan, plus Vat.

These fees cover the administrative and technical processes involved in setting up, maintaining and reporting on the loans.