If you ever find yourself in a state of emergency due to incidents such as unexpected dental bills, car repairs, or need some extra cash to tide you over until pay day, then a cash loan could be the solution.

You can apply to borrow money from a lender and if your application is accepted by the company then you will need to pay back the money with interest, on a specified date agreed by the lender and yourself. Cash loans are typically smaller sums of money paid straight in to your bank account.

Cash loans are unsecured personal loans, meaning they are not secured against your current assets such as your home or vehicle. So if you need an advance for unexpected circumstances or situations that may occur, a short term loan may just be the swift solution you need. When applying for loans with a lender make sure time is taken to assess your personal situation and your affordability, ensuring your financial circumstance is not made more difficult.

How does a cash loan work?

If you decide to apply for a cash loan, then you simply apply as you would with any other loan. . Initially, it is recommended to decide on the amount you wish to apply for, and therefore see how much you can afford to borrow based on the monthly repayment options. If you have a low interest rate or low APR then you may be able to borrow a larger sum of money with the same monthly repayments. For this reason alone, it is important you choose your loan provider carefully and conduct thorough research to get the right loan for you.

Before deciding to apply for a cash loan, be sure to do your research and use helpful budgeting tools and calculators to work out what you can afford to borrow, and ultimately pay back. To apply for a cash loan, start the online application process via your desktop, tablet, or even mobile.

Be aware that applying for a loan will affect your credit score. Once your application has been accepted by the lender then the money will be transferred directly to your bank account.

How do I choose the right cash loan?

Before entering into a loan contract, the first step is to decide how much you want to borrow. Once this has been decided, be sure to thoroughly check the terms and conditions of all lenders when comparing competitor sites. Another thing to consider is the documentation needed and the time you will have to wait before funds are transferred into your bank account. Some lenders will charge upfront fees before entering into a loan contract so make sure you know all the details before beginning the application process.

If you need any help deciding what is best for you and your current situation, then why not take a look at our money guidance section for further information, or our guide on how to borrow money. Short term cash loans are an expensive way to borrow and it may be more suitable to look into longer term loans available at 118 118 Money. Remember to be thorough in your research and find the right solution for your needs. 118 118 Money are always here to help you if you’re in need of additional information and support.

How do 118 118 Money loans work?

118 118 Money offer a variety of loan solutions tailored to our valued customer’s needs. We aim to help the hardworking, honest people gain the credit they deserve when banks won’t help or offer a solution. Our simple, 4 step online application can be processed and completed across desktop, tablet, and mobile devices within an hour if approved. If approved, we will transfer the cash straight to your bank account within 24 hours. Our loans have no application fees and have no upfront fees attributed to them.

Be sure to choose the right loan for you from our amounts available, ranging from £1,000 to £5000 over fixed repayment periods between 12 months, 18 months, and even 24 months. Contact 118 118 Money today and let us assist you in your loan decision making process.

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.