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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

Warning:
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.

Understanding Low APR Loans

As you start the process of shopping for a low APR loans for bad credit no guarantor, it’s easy to become drowned by fast-talking salesmen, countless strings of acronyms and deals that seem too good to be true.
How do you cut through the turmoil and make sense of it all? The key is to calculate the Annual Percentage Rate, or APR, of a deal before you sign the pointed line. At Funding Circle, we believe that transparency builds trust, so we’ve put together a quick tutorial on one of the most frequent and least understood terms in finance: APR

If you want to compare loan offers side-by-side, you’ll need to pay close attention to three items: the interest rate, the lender’s breakdown of loan fees, and the Annual Percentage Rate (APR).
The most important loan term is the interest rate, which is the rate you’ll be charged for borrowing the money. It’s a single number that does not reflect the lender’s fees or any other costs associated with the loan.

The APR is a broader measure of the cost of borrowing the money, reflecting not only the interest rate you’ll be paying, but also some of the other fees you’ll be charged for the loan (more on this later).

What is an ‘Annual Percentage Rate – APR’

An annual percentage rate (APR) is the annual rate charged for borrowing or earned through an investment, and is expressed as a percentage that represents the actual yearly cost of funds over the term of a loan. This includes any fees or additional costs associated with the transaction but do not take compounding into account. As loans or credit agreements can vary in terms of interest-rate structure, transaction fees, late penalties and other factors, a standardized computation such as the APR provides borrowers with a bottom-line number they can easily compare to rates charged by other lenders.

Annual Percentage Rate – APR

By law, credit card companies and loan issuers must show customers the APR to facilitate a clear understanding of the actual rates applicable to their agreements. Credit card companies are allowed to advertise interest rates on a monthly basis, but are also required to clearly state the APR to customers before any agreement is signed. For example, a credit card may charge 1% a month, and its APR is 1% x 12 months, or 12%.
Loans are offered with either fixed or variable APRs. A fixed APR loan has an interest rate that is guaranteed not to change during the life of the loan or credit facility. A variable APR loan has an interest rate that may change at any time.

How APR is calculated?

Lenders calculate APR by adding their fees for the loan into the interest rate. This is done by amortizing the fees out over the life of the loan as if they were additional payments, and then calculating a new rate.

The disclosure of the APR is mandated by the Truth in Lending Act, or TILA, to help you understand the tradeoff you’re making between paying a higher interest rate for the loan and fewer upfront fees, or paying upfront fees such as points, or prepaid interest (one point equals 1 percent of the value of the loan), to secure a lower interest rate.
The APR is most useful for borrowers shopping for a fixed-rate mortgage, doing a cash-out refinance, or a low- or no-cost mortgage who expect to hold the mortgage a long time.

The APR of adjustable-rate loans does not reflect the maximum interest rate of the loan, notes the Consumer Financial Protection Bureau. So be careful when comparing the APRs of fixed-rate loans with adjustable-rate loans, or among different adjustable-rate loans. The APR is calculated somewhat differently for different loan types, so it’s best to only compare APRs across similar products.

Why is APR important?

It’s tempting to simply look at the interest rate when comparing potential loan offers, but it doesn’t give you the full picture.
For example, one loan may have an attractively low interest rate, but if it is compounded daily or associated with a whole bunch of additional fees it may wind up being much more expensive than you originally thought. Given the amount and term of your loan, APR takes into account all of the costs associated with financing the loan and is the best metric to help you compare “apples-to-apples.”

How do I lower my APR?

Lowering your APR is pretty intuitive. A low APR generally indicates lower interest rates and fewer associated fees. But you can also lower your APR by extending the term of your loan. Keep in mind, however, that longer loans are often associated with higher interest rates.

Competitive Examples From Other Companies

Loan amount
1000-15000
Loan term
1-5 years
CUSTOMERSCORES
Very flexible
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1000-35000
Loan term
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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