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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.

Unemployed Loans Online in the UK, how it works, and its features and benefits

Being out of the job market can be difficult for any individual in the UK especially when it comes to dealing with the day to day finances. Oftentimes, the funding that we receive from benefits is barely enough to make ends meet. And when an unforeseen expense suddenly pops out, dealing with the present problem can be quite daunting and stressful. In such dire instances, you can take comfort from online lenders through their unemployed loans.

What are unemployed loans?

Unemployed loans are financing solutions designed to aid jobless people in the UK who are caught up in cash problems. Through the types of loans, Britons can enjoy short-term funding for small amounts, depending on the need and situation.

Online lenders providing unemployed loans understand that their clients are unique and are most likely enduring dire situations which is why they won’t ask for any form of collateral or guarantee in exchange for their financing services. What’s more, they can even provide reliable funding based purely on unemployed benefits as source of payment.

why consider unemployed loans

How unemployed loans online work

Normally, it’s up to the online lender to determine what the ideal credit amount and payment term is suitable to a borrower based on his or her unique needs and present circumstances. To obtain the forms of credit, simply complete an application form in a reputable online lender’s website and fill out all the information that will be requested from you. Once you have successfully completed and submitted your application, the lender will then evaluate your circumstances and will offer a suitable loan deal.

Features and benefits of online unemployed loans

Unemployed loans come with an array of great features and benefits that have become the primary reasons why numerous jobless people across the UK consider them as viable financing solutions to different monetary problems. They include:

Easy qualifications. Qualifying for an unemployed online loan is relatively easy and you don’t need to be a particularly strong candidate to get approved. Normally, you simply have to be at least 18 years of age at the start of the application and a legal resident or citizen of the United Kingdom to qualify.

Easy to shop around. Unemployed loans are generally more expensive than traditional loans from banks and credit unions but because of UK’s extremely competitive lending market, rates differ from lender to lender. And because they are offered online, you can easily shop around and get a quote from as much lenders as you can find so you can land the best deal that provides the lowest price.

Short and seamless application process. The entire online application transaction is short and seamless and is free from any form of tedious process whatsoever. In fact, you can expect to complete a credit agreement from a reputable online lender in just a few hours.

Customer tailored loans. The terms and conditions of your unemployed loan will be tailored to your own personal circumstances so it would be easy for you to enjoy the kind of funding that is suitable to your needs.

Instant direct deposits. Once your application for unemployed loans becomes approved, the online lender will directly deposit the funds into your account immediately. Same day funding is possible although it would normally take 2 business days for your money to be ready for use.

No upfront fees and charges. Reputable online lenders will process your credit request without asking any form of upfront fee or charge whatsoever. This makes unemployed loans an extremely affordable option to different kinds of jobless people.

Bad credit rating is welcome to apply. You can still avail for the type of financing even if you don’t have a job and have bad credit rating. Normally, it would be impossible to take out other forms of loans if you are jobless and have a problematic credit history.

Unemployed Loans Options in the UK

There are a number of great loan options that you can consider in the UK when you are unemployed. The ideal choice will depend entirely on your personal needs and present circumstances. The two most widely used options in the UK are instalment type of unemployed loans and payday loans.

Unemployed Instalment Loans. The type of financing can be paid back in fixed monthly instalments making them easier to budget for. Most online lenders offer payment durations that can last for a year but it will depend entirely on your needs and financial situation. If the lender sees that you can genuinely pay back the loan in a shorter time, then it would be possible to have loan term that only covers a month or two.

Payday Loans for the unemployed. Payday loans are also options you can consider if you are unemployed and are dealing with an emergency cash situation. The loans work like cash advances and normally, you will have to pay the money that you owe plus interest rates in your next payday. The loans are offered in small amounts anywhere from 50 pounds to as much as a thousand.

Loans that are designed especially for the jobless people

UK’s lending industry has become so competitive and extensive that there is almost every loan that would suite any type of individual and circumstance. Banks and other traditional lenders were quite picky when it comes to handing out loans. They would normally prefer borrowers with stellar credit rating and strong income levels.

Today however, there are numerous online lenders who are willing and able to shoulder the risk involved in unique borrowers including those who are jobless. In fact, they can even cater borrowers who are unemployed and have bad credit ratings.

Final thoughts about unemployed loans

Life can be extremely tough when you are unemployed especially with how the economy has declined over the years. When you find yourself in need of emergency funding, payday loans are options that you can consider strongly. If you prefer a longer payment term however, instalment loans are credit products that you can look into. And with the abundance of online lenders online that you can choose from, taking out unemployed loans has never been easier nowadays.

why consider unemployed 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