If you’ve had an unexpected emergency and need some cash to cover the cost, then a loan of £3,000 might be a suitable choice for you.

Even if you’ve been pushed back by your bank due to less than perfect credit, at 118 118 Money we could still offer you up to £3,000 to be repaid in fixed monthly instalments over 12, 18 or 24 months.

Why might you need a loan for 3000 pounds?

The inconvenient thing about unexpected emergencies is that they can happen to anyone, at any time without prior warning, which leaves you in a tricky situation about covering the cost. If you haven’t got the funds to cover an emergency such as a home repair or a car breakdown, then a loan for £3,000 might be the best solution for you.

Alternatively, you might require a sum of 3000 pounds to make some home improvements or even to consolidate other debts and make repayments for manageable and affordable; these are both perfectly good reasons to seek a loan. It should also 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.

Whatever your reason for needing to borrow £3,000, at 118 118 Money we are here to help. Our approachable staff take pride in our friendly, honest and transparent customer service. We want to make sure that you find the best solution for you so that your financial situation is cared for.

How can a £3,000 loan help me consolidate debt?

If you have debt spread across numerous creditors, it can be hard to keep track of what needs to be paid and when. By putting all your debts into one place, it becomes a lot easier to manage and therefore reduces the chances of accidentally missing payments.

By taking a £3,000 loan with 118 118 Money with a better APR than you are currently paying, you will end up paying less interest which means you will be able to pay off your debt quicker. Although it is also worth remembering that a loan taken at a higher interest rate over a shorter term could cost you less overall.

I have bad credit; can I still apply for a £3,000 loan?

Yes. Here at 118 118 Money we look beyond your credit score because we know how hard it can be to get credit with a less than perfect credit score. We’ve got your back; our criteria is based on whether you will be able to comfortably afford the fixed monthly repayment plan that we offer.

If you are worried about the impact a rejection may have on your credit rating or you have been rejected in the past, try our no-risk eligibility QuickCheck now – you’ll find out your likelihood of acceptance before you apply. What’s more, our QuickCheck won’t affect your credit rating.

Our helpful team are on hand to provide you with all the necessary information about taking out a personal loan, how much you can take out, how long it’ll take to be paid back, how much you can afford, etc. If you’d like to have a rough idea beforehand, try out our budget planner and loans calculator.

Will the loan be secured against an asset?

No, our personal loans are unsecured, which means if you miss any repayments then your credit rating will be affected however an asset, such as your car or house will not be at risk as the loan is not secured against it.

Before applying for any form of credit, it is important to do your research beforehand so you know exactly what to expect from each lender.

Try 118 118 Money first!

If you have decided that a £3,000 loan for a home improvement, debt consolidation or any other reason is the right choice for you, then make sure to try us first.  At 118 118 Money we will keep your loan offer valid for up to 5 days so you can have time to shop around for the best financial solution for you.

In order to apply, you will need your mobile phone and email address, as well as details of where you’ve lived for the last three years. We will also need your age, address, employment history, your monthly income and outgoings.

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.