If you’ve had an unexpected emergency that you don’t have the funds to cover, a loan from 118 118 Money might be the right financial solution for you.

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Your monthly repayment could be between £ and £

Representative example: Amount of credit £1,800 for 24 months. Interest rate: 71.3% pa (fixed). 24 scheduled monthly payments of £142.65. Total amount payable: £3,423.67. Representative 99.9% APR. 

Rates from 35.9% APR - 99.9% APR fixed.
Representative example: Amount of credit £1,800 for 24 months. Interest rate: 71.3% pa (fixed). 24 scheduled monthly payments of £142.65. Total amount payable: £3,423.67. Representative 99.9% APR. 

Rates from 35.9% APR - 99.9% APR fixed.

You could borrow from £1,000 to £5,000 over 1 to 2 years and repay in fixed monthly instalments.

Reasons to seek an emergency loan

Life can throw some pretty unexpected things at us, whether it is an emergency car (or in our case a forklift) repair, damage to your home or an unexpected vet bill. Whatever the reason, you could find yourself in the unfortunate position of not being able to cover the expense with your savings, credit card or any other form of finance.

If you’ve been to your bank for credit only to be pushed back because of your less than perfect credit score, then we at 118 118 Money might be able to help you take back control of your tricky financial situation with our unsecured personal loans.

Why choose a loan with 118 118 Money?

Even if you have less than perfect credit, we could still offer you the financial solution that you’re looking for.

Unlike some lenders, we look beyond your less than perfect credit score. If you can demonstrate that you have the necessary funds to repay the loan each month and can meet your other essential expenses, we’ll consider your loan application.

We understand having an imperfect credit score is a common problem however we also know that this doesn’t mean you can’t pay back an emergency loan, even if you’ve had credit problems in the past. If you can demonstrate stability and show that the monthly repayments are affordable, then we can help.

Why not take out a short term or payday loan instead?

Good question! The answer is simple, taking out a loan such as this, you could end up paying a lot higher interest on the amount you borrow and you’ll have to pay it back in a short period of time. Some lenders offer lower amounts of money with a higher APR, with some over 1000%; this could add further strain to your finances, making it difficult to regain control.

Our personal loans are different – with 118 118 Money, you could borrow from £1,000 up to £5,000 and repay the full amount, with interest over 12, 18 or 24 months. Our monthly repayments are fixed so you’ll know exactly how much you’ll pay back each month.

Applying for an emergency loan

Before applying for a loan with 118 118 Money, you can try our QuickCheck. This will not affect your credit score, but will give you an indication of how likely you are to receive a loan from us before you fully submit your loan application.

Once you find out your eligibility with QuickCheck, have done your research and are comfortable that you can commit to repaying the loan each month, you can then decide to start your full application.

On your application you’ll need to provide:

  • Full name
  • Contact details
  • Address history for the past three years
  • Income and outgoings

You’ll also need to be aged between 18 and 70 years old, hold a current bank account and have a net income of at least £700 per month.

Representative example: Amount of credit £1,800 for 24 months. Interest rate: 71.3% pa (fixed). 24 scheduled monthly payments of £142.65. Total amount payable: £3,423.67Representative 99.9% APR. 

Rates from 35.9% APR - 99.9% APR fixed.