Do you need money quickly? Here’s a quick guide to all the information you need to know about online cash loans, including how they work, and how 118 118 Money can help!

What is an online cash loan?

Put simply, online cash loans are unsecured personal loans that are designed to cover someone’s outgoings in an emergency (i.e. an unexpected bill or a monthly overspend). They are generally small loans that can be applied for online, which can help speed up the application process.

The lender will usually conduct a credit check based on your background and current financial situation and can sometimes make a decision within a few hours.

What can I use my online cash loan for?

Pretty much anything you like! There are all kinds of reasons why you suddenly find you need some extra cash in your bank account. Maybe you need to make a car repair, or you are planning a wedding or your bills are getting out of control so you need to consolidate your debts.

What should I consider when looking for an online cash loan?

Here are some of the things to consider when deciding on a product that best suits you:

  • How quickly you need the money
  • How much do you need
  • How good is your credit score
  • How easy is the application process
  • What is the interest rate / annual percentage rate (APR)
  • What is the total amount you will have to pay back
  • Can you pay the loan back in one go or do you want to spread the repayments over a specified time
  • How quickly can you pay the loan back without financially struggling
  • Are there any additional fees you have to pay
  • Does the lender offer good customer service
  • Are there any additional benefits

What can 118 118 Money offer me?

After considering the above questions you might find that an online cash loan with 118 118 Money is your best option. We have come up with a personal loan product that fills a gap in the lending market between bank loans and short-term loans. We look at more than just your credit score. We spend time understanding your credit worthiness by looking at how much you can afford each month and your ability to make the loan repayments, and get to know who you really are to understand what is best for you.

We want to ensure that you have enough cash to control your monthly outgoings throughout the term of the loan. Ultimately we want to help you get in a stronger financial position.

We offer personal loans between £1,000 and £5,000 at an APR of 99.9%. You can choose to repay the loan over 12, 18 or 24 months with fixed, manageable monthly payments.

Our loans have no upfront or hidden fees, and we don’t even charge you interest on your birthday!

While you can apply for our loans online, you are welcome to phone us on 08000 118 000 or 02920 893300*
to chat over your circumstances or ask any questions about our products. We’re here for you 24/7!

Still unsure? Then check out our customer satisfaction rating on!

What if my situation changes during the term of the loan?

Just give us a call and let us know. And if you find yourself with more cash available during any month, you can always make an extra payment with no penalty fee.

How can I apply?

Glad you asked! Applying is easy using our online application and 50% of the time we are able to make a decision within an hour. If approved, the cash you borrow is sent to your bank within 24 hours. So we’re quick, affordable, honest and fair!

If you have all the information you need then simply visit our online cash loan application page [] to apply today!

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.