It is hard to borrow money for short periods of time. It is harder to borrow relatively small amounts of money for short periods of time. And if you happen to have anything less than an excellent credit history, there are even fewer options available to you.

To illustrate just how few options there are in the 'small short-term loans' market, let us run a search on one of the popular comparison search websites, MoneySuperMarket.com. If you want to borrow ten thousand pounds for a period of 5 years, there are as many as 42 options for a cost of just 4% APR in some cases. If however you want to borrow just one thousand pounds for six months, then there are just 3 options with the cheapest option being the peer-to-peer lender Ratesetter at 32.1% APR available only if you have an excellent credit score.

It is because borrowers with a less than pristine credit score have so few options that payday lenders like Wonga have seen so much demand over the last few years. And even if you are fortunate enough to be able to borrow at 30-40% APR, you are locked into an inflexible loan with compulsory monthly repayments and early repayment penalties.

At Unbolted, we can lend you £2500 for six months at an APR of 40.30% (a loan fee of 3.00% and a monthly interest rate of 2.50%). All our loans can be repaid early with no penalty. If you have the money in a month, you can repay the entire loan in a month. If you have part of the money in a month, then you can repay part of the loan and we will reduce the interest that we charge you for the remaining months. If you cannot repay anything before the six months are up, that too is fine. There are no mandatory monthly payments.

To take a loan from us you need to provide us with your personal assets which we use to secure the loan. We provide loans against a wide range of assets from your jewellery, your watch or your handbag. We can even give you loan against your guitar or your grand piano.

If you cannot repay the loan then you owe us nothing apart from the asset that you have already given us. We will sell the asset in a public auction and we will return any surplus that may remain after your lenders have been repaid. And all of this happens without any credit checks and you receive the money in as little as 24 hours after you submit an online application with us.