Warning: Late repayment can cause you serious money problems. For help, go to MoneyAdviceService.org.uk

Unsecured Loans

  • Loans from £50 – £25,000
  • 60 Second Applications with Instant Decisions
  • Every Responsible Lender
Fill in the application form
Get an offer from the best lender
Get funds straight into your account

Representative 305.9% APR. Representative example: £400 borrowed for 90 days. Total amount repayable is £561.92 in 3 monthly instalments of £187.31. Interest charged is £161.92, interest rate 161.9% pa (variable)
We are an Introducer Appointed Representative of Quint Group Limited, who are a credit broker not a lender. moneybolt Introduces customers to Monevo Ltd who are an Appointed Representative of Quint Group Ltd. for the purposes of obtaining a loan. LoanLoad does not provide any loan or consumer credit products directly.

Unsecured Loans

Late repayments can cause you serious money problems. For help, go to moneyadviceservice.org.uk

Loans subject to status. Over 18s only. Minimum loan amount may apply.
Rates from 4.5% APRC to 65.2% APRC are available – the highest rate is for customers with severe credit problems. Loans available from 1-25 years. TYPICAL 10.9% APRC variable

Why people choose us

Low Representative APR

APR takes into account the amount of interest that will be charged to you for borrowing a certain amount of money.

Fair, Fixed Interest Rates

We won’t try and fool you by luring you in on a low-interest rate only for it to change later.

Potential to Payoff Your Loan Early

Some lenders and brokers arrange loans with flexibility at the centre of what they do.

We can Arrange Loans up to £25,000

Apply today and the loan you are looking for could be arranged by our lenders or brokers within a few minutes.

How to obtain Low Cost Loans in the UK

There is no telling when you will need to secure extra funding from someone or somewhere. Life is full of surprises and sometimes an unexpected situation can compel us to borrow money or use credit. Fortunately for borrowers in the UK, banks and mainstream lenders are not the only institutions that they can turn to when they are looking to borrow money. The internet has made it possible for people all over the country to use different kinds of credit products from numerous reputable lenders with ease. What’s more, a lot of the financial products available online are low cost loans that provide affordable rates and customer tailored payment terms. All you need to know is how to obtain them and below we will help you how.

The process in obtaining low cost loans

Obtaining low cost loans in the UK involves applying for options that provide the least APR or Annual Percentage Rate available and getting approved by the lender providing them. It’s important to not however, that getting qualified for such affordable credit options might not be available to everyone. To be more precise, low cost loans are generally reserved for people with stellar credit rating and strong credit worthiness.

Now if you are someone who has bad credit rating or don’t have any credit history because you haven’t have the opportunity to use credit before, there are steps you can follow to ensure that you can enjoy the most affordable loan deal possible.

why choose low cost loans

1.) Rebuild your credit rating

Rebuilding your credit rating is the most effective measure you can do to obtain low cost loans from reputable lenders in the UK. Obviously, repairing a damaged credit rating will take some time but you can begin by following positive steps like paying your bills on time and clearing off any debt.

2.) Secure your loan agreement with an asset

If you urgently need to access low cost loans but your credit rating is not that good, you can try opting with a secured loan. The type of credit is much affordable because of the presence of collateral that lenders can turn to in case you are unable to maintain your repayments. This kind of security will make it easier for lenders to grant you the cheapest interest rate possible. You can even avail for larger borrowing amounts for longer payment terms even with a bad credit through this approach.

3.) Use a guarantor

Aside from securing your loan agreement with collateral, you can also try offering a guarantor so you can access low cost loans for bad credit like guarantor loans. The guarantor will also serve as security to the lender as the person is legally obliged to take over the payment responsibilities of the loan if you decide to default from them.

4.) Make a comparison List

When you search for low cost loans in the market, don’t immediately accept the first offer that you can find. Instead, make a list of the available options and compare each one carefully. Evaluate every option that you find based on the interest rates that they offer, the payment terms, and the extra fees and charges attached to them. You can also use a loan calculator to make it easier for you to determine how much each loan deal will cost you in the end.

Obtaining low cost loans online

Fortunately for you, it has never been quicker and easier to obtain low cost loans in the UK thanks to the internet. You don’t have to stress yourself in applying from one bank or brick and mortar lender to another as you can find plenty of offers and lenders online through your smart phone or laptop. And the best part is you can make an application online in just a matter of minutes. And once you are approved, you can expect the funding that you requested for to be transferred to your bank account in an hour or two after. It’s that quick and easy!

Low cost short-term loans

Now if you find yourself in need of small amount of extra funding in an urgent manner, then you can rely on low cost short-term loans to satisfy it. While short-term loans tend to have higher interest rates compared to other low cost loans, they are a lot faster and easier to obtain. There is also no need to offer any form of collateral and security and the eligibility requirements are generally easy to meet. You can even become approved even if you have bad credit as long as your income is enough to cover the required payments.

Doing some appropriate research and asking around will help you identify those types of short-term low cost loans that you need and the lenders providing them as well. So you can enjoy the ideal option that is perfectly suited to your needs and present circumstances, you might want to determine:

  1. How much you need to borrow. It should be enough to satisfy your present cash urgencies and something that you can genuinely afford.


  1. The amount of months or days that you can comfortably pay it back based on your present financial circumstances

Applying for low cost loans in the UK

While the application for low cost loans has now been a whole lot faster and easier, the best thing to do before you apply is to determine what the eligibility requirements are first. After all, you don’t want to waste your time applying for a loan that you are not qualified for in the first place. The eligibility requirements for low cost loans will differ from one option to the next and from the lender providing it as well.

Generally however, you will have to be:

  1. More than 18 years old in the start of the application
  2. A legal citizen or resident of the United Kingdom
  3. Enjoying a stable source of income
  4. Have an active UK bank account

If you meet the said requirements, getting approved for numerous kinds of low cost loans in the UK would be easy especially if you have a strong credit rating.

why choose low cost loans



Competitive Examples From Other Companies

Loan amount
Loan term
1-5 years
Very flexible
Apply Now

Show More ▼

Loan amount
Loan term
1-10 years
Apply Now

Show More ▼

Get matched with a qualified lender today!

You will need to be over 18 and a UK resident with a valid UK address. You must also have a monthly income (from benefits or a job) and a UK bank account.

Warning: Late repayments can cause you serious money problems. For help, go to moneyadviceservice.org.uk

3 most recent personal loan reviews

Review of Avant

The online application is fast and efficient! I was hesitant about "linking in" to my online bank account......However this made the whole application process far quicker! I can honestly recommend Avant - especially if you are worried about being judged on any previous credit history problems......Avant didn't do that! Just a thorough and fair service with good APR.

Review posted by Trevor Donahue, Derry

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Lending Works

Seamless and fluent from application to funds available. Outstanding rate, not match-able anywhere! I can't recommend any higher! Thank you, greatly appreciated and very happy customer.

Review posted by Mark Phillips, Portchester

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Zopa

I do have to say one of the best loan sites i have come across, they make everything so easy, with not very good credit history i did't think i had a chance but they accepted me and i can get my life back on track. Thank you again amigo loans.

Review posted by Wayne Crouch, Plymouth

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money
All Reviews have been acquired from https://uk.trustpilot.com/ to guarantee authenticity.


MONEYBOLT IS A CREDIT BROKER AND NOT A LENDER. We pass your information to a lender once you have been accepted for a plan. We take a fee from the lender only, once you’re approved and we do not add charges to your plan in doing so.

YOU MUST MAKE ALL AGREED PAYMENTS TO AVOID LEGAL ACTION. If for any reason you will be unable to pay the agreed instalment then contact us immediately. Do not ignore the issue as a default payment will not solve itself.

NEVER BORROW MORE THAN YOU CAN AFFORD. Defaulting on payments can lead to serious and life changing financial issues. Make sure you only accept an agreement that is within your ability to repay.

MoneyBolt.co.uk is a registered trading style of Serpable Ltd, which is an Introducer Appointed Representative of Quint Group Limited and is entered on the financial services register under the reference number 780328. Quint Group Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference number: 669450. Serpable Ltd is registered in England and Wales (Company number: 10699069), Registered Office, 17 Collingbourne Avenue, Bournemouth, Dorset. BH6 5QR.

Scam Alert – Beware of impersonators, we will NEVER EVER ask for upfront payments, transfer fees or vouchers to guarantee a loan