What is a guarantor loan?

You might have seen mentions of guarantor loans during your search for borrowing money. These unsecured loans are popular because they allow someone – the guarantor – to take over your loan repayments if you can’t afford to pay them anymore, for whatever reason. This also means you can often secure better APR (annual percentage rates) by having someone supporting your application.

Here at 118 118 Money we aim to make borrowing an affordable loan as easy as possible, which could help ease your cash flow problems and relieve some of your stress. With different rates of APR available on loans between £1,000 and £5,000 for one to two years, we aim to provide you with the money you need as soon as you need it.

How can I apply for a loan?

It’s simple. Visit our online application form and fill in the form about the amount of money you’d like to borrow and the amount of time you’d like to borrow it over. We offer loans over 12, 18 and 24 months.

We will then ask for details about your current financial situation so it might be good to have details about your bills and debts to hand. If you have any questions or would like to speak to one of our advisors at any point before, during or after the application process, contact us straight away and we’ll do everything we can to help.

Once your application has been approved, we will deposit the money into your bank account within 24 hours.

Do I need a guarantor loan?

We don’t offer guarantor loans because here at 118 118 Money we work with you to find the solution that works best for your financial situation. Our aim is to lend people the money they need and we will always do our best to accept an application. Emergencies happen and bills mount up – we know that these things can happen which is why 118 118 Money will do our best to help you get the money you need. Talk to us any time to find out more about what we can do for you.

And to help your application, we’ve made the process for applying for the money loan as easy as possible. Simply apply online any time of day or night using our four step application form and we will approve your application as soon as we can. And when you’ve been approved, the money will be deposited into your bank account as soon as possible.

How much can I borrow from 118 118 Money?

We offer loans between £1,000 and £5,000 at three different rates of APR over a maximum of two years. Decide how much money you’d like to borrow and use our test application form to see what the best repayment period for you will be. Remember, a loan spread over a couple of months may have a much higher APR than a loan stretched out over a year or two. We will need information about your current financial situation including income and bills, so having this information to hand will help with your application.

No hidden fees

Choosing a loan with 118 118 Money means no set up costs and no hidden fees. We won’t penalise you for paying off the loan faster than the agreed time because we want to help. And we’ll even cancel the interest amount on your birthday.

Don’t pay more

Our different rates of APR are reasonable compared to many other lenders and could save you potentially hundreds of pounds for the same loan over the same amount of time. See what we can do to help today.

Representative example: Amount of credit £1,810.48 for 24 months. Interest rate: 71.3% pa (fixed). 24 scheduled monthly payments of £143.48. Total amount repayable: £3443.52. Representative 99.9% APR.

Rates from 35.9% APR - 99.9% APR fixed.