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

Unsecured Loans

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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

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.

Simple Loans from online lenders in the UK

In the past, when you’re strapped of cash and needed to borrow money outside your family and friends, you would normally go to a bank to apply for a loan. There are still banks that provide an array of simple loans but nowadays you have the convenience to obtain the financial products online.

Acquiring a simple loan online is a seamless process:

You can shop around and get prequalified for the options that you need, through the internet

You can complete an application process directly to a lender’s website without the need to drive yourself to a bank or lending store

You can enjoy instant approval in a matter of minutes

The online lender will deposit your funds instantly into your bank account after approval

why choose simple loans

The advantages and disadvantages of simple loans online

While the overall process and experience in taking out simple loans online will differ from one lender to the next, in most instances, the advantages and disadvantages of the financial products are:

1.) Advantages of simple loans online

Convenience. When it comes to online simple loans, you can accomplish the whole credit transaction – from completing an online application form to signing a digital contract – anywhere and anytime through your computer and even through your smart phone. While there are banks that offer online options for their financing services, you will still have to visit one of their physical branches to complete the transaction.

Credit rating is not important. Online lenders that provide simple loans will consider other areas of your credit worthiness and not just rely purely on your credit score to determine whether or not you are eligible for the type of financing that they offer. In fact, you can get approved even if you have a poor credit history or don’t have a credit history at all.

Apply without any risk or obligations. Majority of online lenders that offer simple loans will give you the freedom to apply and get prequalified so you will know what your credit agreement will look like without any risk or obligations. Banks and brick-and-mortar lending companies on the other hand, do not offer such feature and once you fail to meet the qualifications in your application and become rejected, this will deal a negative blow to your credit history.

Fast, easy shopping. Shopping around and comparing simple loan offers from numerous lenders online is genuinely fast and easy. Getting prequalified will only eat a few minutes of your time and you have the complete freedom to compare as much rates and amounts from reputable lenders.

2.) Disadvantages of simple loans online

More expensive than bank loans. Generally, simple loans from online lenders are more expensive than traditional loans from banks. But because every lender has its own unique rates and fees for their credit offers, it’s crucial to shop around and compare as much offers from different lenders as you can so you can get the right deal for the best price.

For small amounts only. Online simple loans are generally offered in small amounts, usually less than £2,000. The payment period is also short typically no more than a year. However, you do have the option to secure larger amounts of loans but you may need to offer some form of collateral or a guarantor especially if you have bad credit.

Presence of predatory lenders – Legit and trustworthy online simple loan lenders are competing against predatory lenders in the UK. Before you apply for any lender, be sure to check its background and history of doing business first. It also pays to look for an FCA or Financial Conduct Authority license to ensure that the kind of financing you will be enjoying is 100% legal and safe for use.

In the end, the advantages of simple loans from online lenders far outweigh the disadvantages. Also, you can easily offset its inherent drawbacks by simply taking your time to shop around so you can find the kind of loan deal that is ideal to your needs and present circumstances and provides the most affordable rates. Doing some research will also help you pinpoint those lenders that are reputable and licensed to operate in the UK’s lending industry.

How to shop for online simple loans

Before you apply for a simple loan online, there are some things that you might want to consider first to ensure that you will enjoy the best possible credit agreement.

The website must be secured. Applying for simple loans online entails forwarding sensitive personal and financial information through the lender’s website. For this reason, you need to ensure that the website is safe and secured. You can go about this by checking its URL if it begins with “https” and not “http.” A lock symbol before the URL also signifies that the website is secured and encrypted. Majority of trustworthy lenders also display their security badges and certifications in their website.

Evaluate the lender’s lending practices and policies:

Your personal interests should be considered. Predatory lenders don’t care on whether or not the loan deal will become a bane to your finances. They simply want to extract as much money as they can even if means pushing you towards bankruptcy. Reputable online lenders on other hand will make sure that the loan deal is something that is ideal to your needs and present circumstances and won’t put you in a tough financial situation.

Affordable rates. The interest rates for simple loans will vary from lender to lender so be sure to find the ones that provide the most affordable ones. Again, you can go about this by comparing different offers and shopping around online.

And don’t forget, before you search online for simple loans make sure that you know what the basic requirements are. This will guarantee that the application process will run smoothly and efficiently. Generally, the eligibility criteria for online simple loans are easier to satisfy than traditional loans from banks and credit unions.

why choose simple loans



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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