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Unsecured Loans

  • Loans from £50 – £25,000
  • 60 Second Applications with Instant Decisions
  • Every Responsible Lender
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Fill in the application form
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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.

YOUR GATEWAY TO

Payday Loans

  • Loans from £50 – £25,000
  • 60 Second Applications with Instant Decisions
  • Every Responsible Lender
AS EASY  AS
1
Fill in the application form
2
Get an offer from the best lender
3
Get funds straight into your account

Representative Example

Representative example of the total cost of the loan, including all applicable fees – Typical loan size of £25,000 over 120 months = £275.82 pm, 4.35% Variable APR – 6% (including £1800 in fees) total repayable £33,098

Maximum Annual Percentage Rate (APR) – approx. 24% (lender starting rate 18%) – Typical Apr will be around 8%

*We are not a lender, we provide a free credit brokering service. We will never charge you a fee for using our application.

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 center 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

Quick Cash Loans: on the Trend and Reasons why People Avail it

The number of availing payday loans is quite increasing from a period of time. Considering unsecured loans to be the type of loan that is most consumed by a lot of UK money borrowers. In fact, out of the total count of the loaners in the whole country. The number of people getting quick cash loans is 4X as many than other kinds of offered loans.

“Payday loans in the United Kingdom are a rapidly growing industry, with four times as many people using such loans in 2009 compared to 2006. In 2009, 1.2 million people took out 4.1 million loans with a total lending amount of £1.2 billion. In 2012, it is estimated that the market was worth £2.2 billion and that the average loan size was around £270.” — Source: Wikipedia.org.
Based on the statement above, payday loans are widely used by a lot of British compare to other loans that are offered by financial firms and corporations. Considering that 70% out of the total number of loans are payday loans, it is quite the most consumed loan.

Why Get One?

There are reasons why more people avail payday loans rather than other types of loans. Researchers conducted a survey in order to find out the usual circumstances of people. This was in order to determine why payday loans are consumed widely. The statements conducted in the next paragraph are the results of the said research.

Considering its easy access, people patronises payday loans because they prefer to have less hassle in borrowing funds and don’t want to put much effort. So instead of availing other loans that demand a lot of documentations, they prefer availing payday loans.

Mostly, people don’t need a large sum of money in order to cover up their expenses. Most people often needed cash in order to cover up usual expenses Such as electric bills, phone bills and emergency funds, so only a right amount will do in order to meet the ends. Almost all of the offered loans have a range of amount that is too much than what borrower’s want, even if the amount is in its least form it is still too much of what the loaners need, so they don’t get to avail it. Considering payday loans offer limited cash, you can borrow money for as low as £100, people who avail the said loan find this suitable for them. So this is one of the reasons why people tend to avail unsecured loans rather than any other loans.

The Benefits

Some needed extra funds for sudden expenses like emergencies. In those cases, people need to cover it up as soon as possible. Seeing that other offered loans take the time to release, this is not good for the said situation. Payday loans are quite different from the others, considering its low criteria and less demand for requirements, it takes less time to evaluate the borrower’s ability to repay the loan. Hence, the release of borrowed cash is faster and can be used immediately by the borrower. So this is another reason why people patronises payday loans more than other kinds of loans.

How people will pay their debts is also an issue. Most payday loan consumers that were interviewed said that the process of paying their debt needs to be convenient and in their favour so that it wouldn’t put them into too much pressure and hassle. As for how lenders offer different procedures of repaying their loan, people can choose how they want to repay what they borrowed.

They can choose whatever way that suits them, whether they want to deduct a few pounds in each paycheck for a year or deduct the whole amount in the second paycheck. The options for repaying is wide and can be negotiated by the lender and the borrower. Despite the fact that unsecured loans have high-interest rate and other fees, consumers didn’t mind about it and rather considered the pros of the said loan. So consumers find this another reason why they chose to get unsecured loans among the other types of loans.

Where They are Headed

People who are also unemployed can avail the said loan and can be repaid after they find a job. Other loan services don’t consider this type of situation, for they believe that the money that they will lend will never be repaid. So for those people who needs an initial fund to cover up their needs while they are unemployed find payday loans useful and a big help for them.

Because of a wide range of consumers that keeps on growing, No wonder why the industry of payday loans are corresponding to the growth. The common evidence of the growing financial business is how the companies advertise their service throughout the community, whether by the internet, TV or radio, this is one of the signs that the said loan is on the trend. And by eliminating the brokers, and more companies began to do direct financing, the quality of payday loan rises.

This type of business will help not just who are in times of need but also the growth of the economy of the country. The future of the financial industry possibly will enhance rapid growth influence by the said unsecured loans.

Competitive Examples From Other Companies

Loan amount
1000-15000
Loan term
1-5 years
CUSTOMERSCORES
Very flexible
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Loan amount
1000-35000
Loan term
1-10 years
CUSTOMERSCORES
Excellent
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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