• Consolidate existing debts
  • Wedding loan
  • Invest in your business
  • Anything else!

Quick and easy to apply, low APR, no hidden fees, and no interest on your birthday!

Your reason for borrowing could be anything from debt consolidation to investing in a business. We ask every customer why they want to borrow, however we judge on affordability not on loan purpose.

Growing a business?

There are often a number of costs if you have your own business. Whether it’s buying stock, office rental or marketing. You may not have a dragon to help you but 118 118 Money can! Whether you are employed or self-employed we can loan up to £5,000, providing you demonstrate the monthly payments over one to two years are affordable.

Do your research before applying for a £5,000 loan

It’s important to spend time researching prospective loans before making an application, because each time you apply for a loan, your credit history is checked and this could in turn lower your credit score.

Ensure you will be able to pay back the £5,000 loan

You can spread your monthly repayments for your loan over 1 to 2 years. It all depends on your affordability and preference. If you predict any problems with your loan at any time during the term, speak to the 118 118 Money team as soon as possible on 0800 0118000 or 02920 893300 to see if we can help.

What do I do now?

Assuming you have used our handy loans calculator to work out how much you will need to budget for, you can now apply online. The application can be completed in four easy steps. While we do not accept telephone applications, we are always here 24/7 if you would like to speak to us about your application, call us on 08000 118 000 or 02920 893300* and we can guide you through the process.

(*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.)

The information we require includes your personal contact details, employment history, net monthly income, outgoings and bank details – to help speed up the process make sure you have all these details to hand before you apply. We always aim to make a quick decision.

It’s important that you check the interest rate, the APR (Annual Percentage Rate) and the monthly repayments. Make sure you notify us straightaway if you have any questions. We will send you all the documentation you need before you sign on the dotted line.

Having already requested your bank account details we can then proceed by setting up a direct debit mandate.

Congratulations! You will receive your £5,000. We deposit funds seven days a week –including weekends.

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.