Although something urgent may have come up, and you may need money in a rush, it is important to shop around and make sure you get the best deal to suit your personal circumstances. When any lender makes you an offer – don’t panic and rush into the first thing you get. If you get an offer from us, we guarantee it will be valid for 5 days, so you’ve got time to make sure it’s the best deal for you.

Here at 118 118 Money we have a summary of the types of loans available and a range of products that might better suit your needs.


Traditional bank loans will probably be the first option you think of but depending on your circumstances and the bank, there may be a few lending options available.

Who’s it for: Banks tend to lend to those with a good credit history.
Pros: Lower APRs may be available and you may also be able to have a face to face conversation about your borrowing needs.
Cons: You might find your bank can’t offer you a loan.
Advice: Check out alternatives such as online lenders who may have a better deal for you.


Credit cards are a way to borrow money with balance transfers or using the card to make purchases. They often entice you with special offers and then increase rates after the promotional offer ends.

Who’s it for: Shoppers and those looking to switch cards to transfer their balance onto a better annual percentage rate (APR).
Pros: Can be used anytime for all manner of things. The promo offers can be great.
Cons: Once the promo offer ends the APR can be high. Taking out multiple credit cards could lead to spiralling debt. Because there’s no fixed end date with a credit card, it means you could be saddled with debt for years to come. If the card is on a variable rate of interest, you won’t know what your future repayments will be.
Advice: It’s useful to have a credit card but if you want to avoid paying interest make sure you repay the balance in full by the payment due date.


The amount lent for a personal loan varies depending on the lender; however, these loans can generally be used for any purpose. A fixed repayment term will be agreed so you will know exactly when the loan will be paid off. They are called unsecured loans as they are not secured against anything you own such as your house or car.

Who’s it for: People needing a standard loan for anything from debt consolidation, purchasing a car, to buying things for the home.
Pros: Can be used for a variety of purposes, fixed payment plans over mid-term so monthly payments may be more affordable.
Cons: As with many types of finance, you may incur fees if you don’t meet the monthly payments.
Advice: Don’t take out more than you need, shop around for a good APR, and ensure you make the regular monthly payments.


At 118 118 Money we offer straightforward unsecured personal loans from £1,000 to £5,000. What’s more, repayments are spread over 12 months, 18 months or 24 months with fixed, manageable monthly payments.

• No arrangement fees
• It’s about what’s best for you
• Our customer service team are fantastic
• We pay out quickly
• Our rates range from 35.9% APR – 99.9% APR fixed. Representative 99.9 % APR fixed.

Sounds great 118 118 Money! How can I apply?

You can apply online now or if you’d like to chat to us about your loan application, just call us on 08000 118 000 or 02920 893300*

We’re here for you 24/7.

Apply Now

(*08000 118 000 is free from UK landlines. Calls from other networks and mobiles may vary. 02920 893300 is charged by your provider as a UK national number.)

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.