Here at 118 118 Money we offer unsecured personal loans for those needing a sum of money between £1,000 and £5,000. Our loans are designed to be paid back in fixed monthly instalments and you can choose how long you want to pay back the loan over 12, 18 or 24 months. We only offer unsecured loans so you don’t need to secure an asset like your house or car against the loan. You don’t need a guarantor either as we work hard to provide you with the money you need at a rate you can afford.

Your monthly repayments are based on a fixed interest rate for the length of the loan. Unlike variable interest rates, you will know exactly how much your repayments will be each month, without having to worry about setting aside extra money in case of rising interest rates.

118 118 Money is not a high-cost, short-term loan provider. We aim to give you the money you want, when it’s needed, whether you have a sudden emergency that has set you back financially or if you want a boost to help kick start your future plans.

DON’T PANIC!

We know looking for the right loan is important, and with 118 118 Money, there’s no need to panic. When we make you an offer, we guarantee it will be valid for 5 days, so you don’t have to rush to accept. This means you’ll have time to see what else is about and make sure our offer is the best deal for you.

WHO DO WE LEND TO?

We lend to people who need financial help and pride ourselves on trying to help those that may find it difficult to get credit from other lenders. When deciding to approve a loan application, our criteria is based on whether an individual can afford the monthly repayments. We will even offer loans to those with a less than perfect credit history, which sets us apart from many other lenders.

Our customers often ask us “If I have a bad credit profile, can I still apply?” or “If I was rejected by my bank, can I apply?” The answer is yes. We treat every application individually and understand there are times when unexpected situations happen so we always try to help where possible. If you need a helping hand with your finances, go to our money guidance section to access our free videos, tools and expert guidance.

HOW DO YOU APPLY?

Our application process is simple and you can apply direct from your mobile phone, computer or tablet. It takes just four simple steps to apply for a 118 118 Money loan online. Simply decide how much you want to borrow, what the monthly repayments will be and for how long the loan will be. You can also use our quick and easy personal loan calculator to work out how much your monthly repayments are likely to be and it won’t affect your credit score.

We review applications as quickly as possible, and most of the time we can provide a decision within one hour. We never charge any application fees and if approved your money will be transferred to your bank account within 24 hours.

Once you have applied, you can track the progress of your application wherever you are. We want to make it easy for you to manage your finances and you can access your current balance at any time by logging in online. You can check when the next payment is due and view any recent payments made. You will also receive a monthly reminder before each instalment is due. If you have any queries or questions, you can contact us 24/7 to talk to one of our agents.

LOANS THAT SUIT YOU

We offer a wide variety of loans to meet your circumstances ranging from £1,000 to £5,000 over one to two years with monthly repayments starting at just £56.47. You can choose the amount you want to borrow as well as the length of the loan term. Before approving any application, we carry out checks to ensure you will be able to afford the monthly payments. Don’t worry, we see people as more than their credit history and will always do our best to lend people money. Talk to us about how we can help you.

WHY PAY MORE?

Our rates range from 35.9% APR – 99.9% APR fixed. Our representative APR (Annual Percentage Rate) is 99.9%. We offer a reasonable interest rate, even for those with a less than perfect credit history, and in some instances you could find that you are saving money by choosing 118 118 Money as your preferred lender

FACING THE UNEXPECTED TOGETHER

As much as you plan, we know that unexpected costs can knock your budget off track. Whether your family pet has raked up a high vet bill, the fridge has broken down or you’ve got a broken boiler needing urgent repair, our loans are designed to help you. Our dedicated team will work with you to ensure your monthly payments are both affordable and manageable based on your monthly budget. If something happens we are always easy to reach by email, phone and live chat, so simply get in touch whenever you need us.

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.