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Representative 277.5% APR 

Representative Example: Borrow £700 and pay £111.27 per month for 12 months at an interest rate of 140% per annum (fixed).
The total charge for credit is £635.24 The total amount repayable is £1335.24. Representative 277.5% APR (variable). Your APR rate will be based on your circumstances.

Rates from 45.3% APR to 1575% APR – we provide a no obligation quote, your APR will be based on your personal circumstances. You can choose a repayment period from 3-18 months when make your application.

Our Variety of Loan Options

There are many kinds of loans to choose from and it can be very hard to know which one will suit you best.

Don’t worry though, we have a dedicated team of experts on hand all day every day so if you do apply toward the wrong kind of finance or we think something will suit your needs better then we will let you know right away.

We are completely dedicated to making sure that you get the right plan to fulfil you needs.

As mentioned the list of loans is quite a long long, but we have tried to group them up to make the decision process a lot smoother and easier on you. Here are some of the categories:

  • Personal Loans

Theses are like payday loans and are nearly always unsecured.

  • Term Loans

Stretching over a specific period of time, these are often mixed with other kinds.

  • Debt Consolidation

Designed for those that owe several different companies different amounts. You will be able to better control your finances.

  • Logbook Loan

Usually for getting a vehicle but sometimes just using an existing vehicle as collateral.

  • Guarantor Loans

For those that have a friend or family member able to back them up if they have trouble paying the instalments.

  • Bad Credit or No Credit Check Loans

Made for those with bad credit history, even those that have been blacklisted can apply for this variety.

  • Direct Lenders

This means that you are getting the money direct from the one lending it, cutting out the usual middlemen.

  • Fast, Quick or Same Day Loans

Meant to be the quickest form of finance for those that are in a rush to get the money they are applying for.



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% (variable)

Loanload 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.

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

Loanload.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.

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What Makes Acceptable Loans

Acceptance loan is a type of loan that enables an importer to pay for imported goods in deferred payments. Acceptance loan is a non-cash loan, also known as acceptance credit, is a contractual agreement that is paid by a time draft authorizing payment on or after a specific date.

Typically used in international trade, also called acceptance financing, acceptances are issued by banks and other finance companies. Upon mutual agreement by the exporter and the importer, the payment of the goods can be made on specified payment dates following the dispatch of the goods. International trade is facilitated by banks enacting banker’s acceptances, thereby guaranteeing the payment for goods.

An acceptor is most likely a bank, represented by a person, who is expected to pay the draft writes “accepted”, or similar wording indicating acceptance, next to his or her signature along with the date. The acceptor is obligated to make the payment by the maturity date.

Before acceptance, the draft is not an obligation of the bank. It is merely an order by the drawer to the bank to pay a specified sum of money on a specified date to a named person or to the bearer of the draft. When an authorized bank employee stamps the draft “accepted” and signs it, it becomes a primary and unconditional liability of the bank.

A banker’s acceptance, also called a bank bill, is a time draft drawn on and accepted by a bank. The paper is effectively a bank-backed, short-term, non-interest bearing note and qualifies as a money market instrument.

If the exporter does not want to wait for payment, it can request that the banker’s acceptance is sold in the money market. The accepting bank is obliged to pay the holder of the draft at maturity. If the bank is well known and has a good reputation, the accepted draft may be readily sold in an active market.

The bank accepting the drafts charges an all-in-rate, which includes the discount rate and the acceptance commission. In general, all-in-rates are lower than bank loan rates. The all-in-rates usually fall between the rates of short-term Treasury bills and commercial papers, which are typically lower than bank loan rates.

Banks may also create an acceptance credit facility allowing a company to issue time drafts not linked to specific shipments in order to provide general working capital finance. Banks may create an issuing company with a discounted sum made available to it until the bill’s maturity when it is obliged to repay the bill’s full face value to the bank.

There are two types of acceptance credit, confirmed and unconfirmed. Unconfirmed acceptance credit means that the seller takes the risk that payment will not be made. Unconfirmed acceptance credit has the risk due to any number of contingencies such as shipment non-delivery, confiscation by customs authorities, or any other problems, the buyer cannot stop payment or otherwise prevents redemption of the acceptance credit.

Confirmed acceptance credit means that the bank upon which the credit has been issued essentially guarantees payment as long as the terms of the letter of credit have been complied with. Confirmed acceptance credit is more expensive to establish than unconfirmed acceptance credit because the issuing bank is effectively guaranteeing payment.

When the goods have been shipped, the seller presents its time draft and the specified documents to the accepting bank’s correspondent, which forwards them to the accepting bank. If the documents are in order, the accepting bank takes them, accepts the draft, and discounts it for the exporter.

An alternative form of acceptance financing available to the importer involves a letter of credit. The exporter may agree to a letter of credit, where the importer has its bank issue a letter of credit on its behalf in favor of the exporter. It involves a bank notifying the exporter of the letter of credit through a correspondent bank in the exporter’s country.

Many banks, regardless of size or complexity, issue letters of credit on behalf of their clients. A letter of credit gives the beneficiary increased assurance that promised payments or performance will be fulfilled. The bank issuing the letter of credit is substituting its creditworthiness for that of its client.

The issuing bank will receive a payment from the importer, usually the cost of the letters of credit along with some fees. The required documents typically include a draft, a commercial invoice, and a receipt for shipment.


Acceptance Loan with Guarantor

A guarantor is a person who guarantees to pay for someone else’s debt if he or she should fail to make the repayments for the loan. A guarantor is also called a co-signer of the loan and pledges his or her own assets to guarantee the loan.

The guarantor must be at least eighteen years old, has a good credit rating, and a resident of the country. He or she must not be financially linked to the borrower. Any friend or family member can become a guarantor as long as the person is eligible and trustworthy.

Usually, people or businesses with poor credit history can only get a loan if they have a guarantor. As a guarantor, they can be granted a higher loan amount at a lower interest rate. In the case of acceptance loan, the bank serves as the guarantor whether the borrower has a good or poor credit rating. Letters of credit are issued by a bank on behalf of the importer promising to pay the exporter upon presentation of the shipping documents. The importer pays the issuing bank the amount of the letters of credit plus the associated fees.


Acceptance Loan for Bad Credit

You may think that you won’t qualify for a loan if you have had problems with credit in the past, or are currently experiencing financial difficulties. Even with a poor credit history, you may still be able to get a loan. Bad credit loans are designed for people with poor credit.

A low or poor credit rating could be the result of missing repayments such as for a credit card, phone contract or mortgage. On the other hand, you could have no credit rating at all. Compare the different types of bad credit loans and see which one is suitable for your personal needs.

It is imperative to understand the different types of loans for people with bad credit. There are both secured and unsecured loans. A secured loan means the lender has a claim to your property if you cannot keep up with repayments. There’s a chance that the interest rate will be lower, but you need to think very carefully before taking one out because if you default on your payments you could risk losing your home. Unsecured loans for bad credit is more expensive since you will have to pay a higher interest rate.

In the case of acceptance credit, you may have a difficulty getting an acceptor if you have a bad credit history.


Acceptance Loan Direct Lender Facts

A direct lender is simply companies that provide you direct access to financing. With a direct lender, you are only dealing with one company from start to finish of your loan application, in contrast with a broker. In the case of acceptable loans, the direct lender is the bank, who becomes the “acceptor”.


Getting An Acceptance Loan with No Guarantor

When a bank or any lending company approve someone’s loan, they are always running the risk that the person might not pay that money back. Guarantors make lending less risky on the part of the lender, thus allowing lenders to charge less interest.

When you take out a no guarantor loan with a poor credit, it may be riskier for the lender. Interest rates tend to be higher for no guarantor loans for this reason, so of course, you will be paying more.

If you do decide to take out a no guarantor loan, you should carefully think about how much you will borrow and how long you’ll have to pay it back. Before you sign your contract, examine the repayment schedule to get a sense of how much you’ll be responsible for repaying each month. It’s a good idea to put together a budget for your income and expenses to see how much you’ll be able to repay given your current finances.

In the case of acceptance loan, whether you’ll have a guarantor or not, it doesn’t really matter that much. Acceptance loans have different terms and conditions than the regular loans available for personal and business purposes.


Applying For An Acceptance Loan UK

Acceptances arise most often in connection with international trade: U.S. imports and exports and trade between foreign countries. But, acceptance loans are now available in the UK as well.

Once the importer and bank have completed an acceptable agreement, the importer draws a time draft on the bank. The bank accepts the draft and discounts it, giving the importer cash for the draft but gives it an amount less than the face value of the draft. The importer uses the proceeds to pay the exporter. Once the bank agrees to accept drafts for the importer and the importer agrees to repay any drafts the bank accepts, a time draft will be drawn by the importer.

The bank may hold the acceptance in its portfolio or it may sell, or rediscount, it in the secondary market. On or before the maturity date, the importer pays the bank the value of the acceptance. Otherwise, the bank may sell the acceptance to the money market.

Aside from banks, acceptances may be made by other financing companies, and such acceptances are referred to as trade acceptances, refinancing, or accommodation acceptances. Many acceptances are used to finance trade between foreign countries. A refinancing acceptance arises from a time draft drawn by a foreign bank on a UK bank to finance a client’s transaction.


Acceptance Loan In An Instant

Instant loans are usually with online lenders, who could provide you with the funds in just an hour or if not, within the day. With these lenders, you can process your application in just five minutes, and you’ll get the feedback within minutes as well.

For acceptance loans, the speed of loan application process and approval may differ from bank to bank. There are documents required for the approval of the loan, therefore it may or may not take a while for the loan to be approved, depending on how soon you can submit the required paperwork. Therefore, acceptance loans are not really as instant or immediate as personal loans.


Key Points

An acceptance loan is a time draft or bill of exchange that is accepted as payment for goods of an importer. A banker’s acceptance is a time draft drawn on and accepted by a bank, which is a common method of financing short-term debts in international trade including import-export transactions.

There are two types of acceptance loan namely confirmed and unconfirmed. Confirmed acceptance is a bit more expensive because you will be paying an amount to guarantee the loan.

If you have a bad credit rating then, unfortunately, the loans that you have available to you are costlier. Unless you will have to use your home equity to secure the loan, the interest rate may be much lower as compared to an unsecured loan.

You can also choose to have a guarantor or not. The only difference is that the interest rate is lower with a guarantor.

The acceptance loan is beneficial to exporters, who are immediately paid for exports, and for importers, who do not need to pay until possession of goods occurs. It is also useful for the financial institutions that are able to earn profit from the acceptances, and for investors who trade acceptances in the secondary market. Acceptances are sold in the secondary market at a discount from face value, similar to the Treasury Bill market, at published acceptance rates.

Direct lenders for acceptable loans are usually banks, although there are also other financial companies who cater to this market. The transaction between the acceptor and the customer may not be as instant as compared to other traditional loans since there are documents required for the loan to be processed and approved.

5 most recent personal loan reviews

Review of Loans Warehouse

They really helped me when I needed it most. Wanted quick cash to pay for a one-off purchase and had an issue with my address for credit. Without Warehouse to help, I do not know how I would have gotten by till the next pay day. I am truly grateful to them.

Review posted by Oluwaseun Ahuja, Hereford

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

Review of Portman Finance

Excellent customer service from the team. Quick pay out. Would recommend 100%. Keep up the good work. Always keeping you up to date about the process of the loan.

Review posted by Tanashia MacRae

  • Customer Service
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Review of North London Credit Union

Was really happy how you dealt with the loan really fast. Couldn't fault your staff they were really helpful and friendly. Would recommend u to anyone. Don't normally write reviews but thought your staff desired a thank u for all there help. Highly recommended guys x 👍

Review posted by Lynn Fenlon, Hull

  • Customer Service
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All reviews are sourced from TrustPilot.com to guarantee authenticity.