• Consolidate existing debts
  • Get a better rate on a loan
  • Buy a reliable car
  • Anything else!

You need £4,000 and you need it quick. You have no time to save that amount, however you have a steady household income and know that you could pay a loan back with affordable monthly payments.

Your reason for borrowing could be anything from buying a reliable secondhand car through to debt consolidation. We judge on affordability not on loan purpose.

Our aim is to accept, not reject!

Why choose 118 118 Money

  • 118 118 has been a reliable household name for over ten years.
  • If you have already been turned down by your bank for a loan 118 118 Money could still help.
  • Some lenders only look at your credit profile. We review every application carefully and individually.
  • The online application process is simple and easy.
  • You can make additional payments at any time in order to pay your loan off early.
  • If accepted you could receive your money within 24 hours.
  • We don’t charge any hidden fees.
  • The APR is very competitive.
  • We refund birthday interest because we care!

What are 118 118 Money loans?

We offer loans from £1,000 to £5,000 for 1 to 2 years. We don’t offer pay-day loans as some future lenders may view these negatively.

How do I know if I am eligible to apply?

If you are an adult with a monthly income of more than £700 and with a current UK bank account, then you are eligible to apply.

During the online application you will need to provide your contact details, address history for the past three years, bank details and income and outgoings. Loans are subject to affordability.

What do I do now?

The first stage to getting a 118 118 Money loan is to fill in our online application form, which can be completed in four simple steps. You must also decide whether you would like to pay back the loan over 12 months, 18 months or 24 months, depending on what suits your circumstances. Apply online now or if you’d like to chat to us about your application, simply call us anytime on 08000 118 000 or 02920 893300*

(*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.)

Having applied for a loan, we will then make a decision based on whether we think you can comfortably afford to repay the loan. We will gather all the required information from credit agencies and make an informed decision based on this as well as the details supplied in your application.

You will also need to check that you are happy with the interest rate and the specified monthly repayments. We offer three different APR’s (Annual Percentage Rates), and the APR you are given will be based on a number of factors such as your financial history and the amount of money you are looking to borrow.

If successful and we do not require any additional information to finalise our decision, you could have £4,000 in your bank account within just 24 hours. We’ll also set up a direct debit mandate, so that we can collect your monthly repayments.

You’re free to use the extra £4,000 in your account, whether that’s to put towards your wedding day or to pay off those unplanned expenses.

Apply Now

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.