Need to borrow some money to cover an expense? Much like an instalment loan, you could borrow from £1,000 – £5,000 over 1 to 2 years and pay it back in monthly instalments with 118 118 Money.

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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.

Why take out a loan?

There are many reasons to borrow money and apply for a loan. The range of loans we offer at 118 118 Money should be adequate for most circumstances if and when they should occur.

Whether it’s an unexpected car repairs, a home improvement or you need to consolidate other debts; a monthly loan could help you get you back on your feet.

It should be remembered that repaying borrowing over a longer term may increase overall interest charges, so if you are consolidating and extending the term of your borrowing, consider this.

Monthly loans with 118 118 Money

With 118 118 Money, you could borrow from £1,000 to £5,000 over 1 to 2 years. What’s more, if accepted, we’ll guarantee to keep your offer open for 5 days so you can shop around for the best deal for you.

Understanding your loan

You can make a partial or early repayment at any time. Just call us to find out how much is still owed on your loan and how much you wish to repay. This flexibility is always handy if your situation or circumstances were ever to change during the loan repayment period; for example, the loan may no longer be needed due to an unforeseen situation, leaving you to pay off the loan in full or in larger amounts.

The option to pay off a loan early also may have a positive impact on your credit score; the ability to repay credit on time, and actually fulfil the repayment agreement could see you gain a better score as you are less likely to be perceived as a risk to lenders.

When making an application and looking into the idea of getting a loan, be sure to ask as many questions as you can in relation to your loan and what options you have once you’re in the contractual agreement.

Before applying for a loan, you can also try out our QuickCheck. Our QuickCheck will give you an indication on whether you’ll be accepted or not – and won’t affect your credit score.

Feel free to talk to the 118 118 Money team today, and see what type of loan we could offer you. If you prefer to view the loan types online, browse the website and take a look at our online guides, tips, and advice and make an application via your desktop, tablet, or mobile device.

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.