At 118 118 Money we make sure that our pricing is transparent so that you know how much you will be paying from the start. We won’t trick you with sneaky, hidden fees or upfront payments, nor will we allow you to borrow more money than you can comfortably afford.

We make thorough checks every time we receive an application in order to ensure your monthly repayments are affordable. We want to help where possible, but it’s important that you remain realistic about your finances and borrow sensibly. Whether that’s to combine any outstanding debts into a single more manageable loan (known as debt consolidation); or if you need to find extra funds for any unplanned bills, we will try to give you the money you need.

118 118 MONEY LOANS

We offer personal unsecured loans from £1,000 to £5,000. Unsecured means that the loan is not secured against an asset such as your home. You can use our handy personal loan calculator to see how much your monthly repayments are likely to be. Simply select how much you want to borrow and decide whether you want a 12-month, 18-month or 24-month loan.

The calculator is designed to give you an estimate of your monthly repayments based on the amount you wish to borrow and our representative 99.9% APR. This will help you work out whether your monthly repayments will be affordable, but the actual APR you receive will depend on the information provided in your application. Our rates range from 35.9% APR – 99.9% APR fixed.

If you have less than perfect credit, you might feel like you need to take the first offer you receive. If that first offer comes from us, don’t panic. We guarantee the offer we make you will be valid for 5 days, so you don’t need to rush and accept it straight away. Shop around and make sure that our loan offer is the best deal for you.

FIXED MONTHLY PAYMENTS

All of our personal loans are offered with fixed monthly payments, which we think offer a number of advantages. It means your monthly payments will not vary from month to month, so you know how much you need to pay. This can make budgeting for your loan much easier. With 118 118 Money you don’t need to worry about rising interest rates; the rate will remain the same from the day you take out your loan.

We also charge a reasonable interest rate, even for those whose credit isn’t perfect and, since repayments can be spread over 1 or 2 years, you can find a loan option to suit your needs and budget.

USE YOUR LOAN FOR THE THINGS THAT MATTER

Whether you decide to use your loan to pay towards a broken boiler, to fund your pet’s operation or to help make your wedding day even more special, we will try to find a solution to help. We aim to review each application promptly and if you’re accepted, that much-needed money could be in your account within 24 hours. You can make a quick check to see if we have a loan that could help you, and it won’t have any impact on your credit report.

MAKE ADDITIONAL PAYMENTS

Where possible, we will set up your repayments to be made on the day you get paid.  Legally, you can also make an additional partial or full repayment at any point during the agreed loan term, simply contact us on 08000 118 000 / 02920 893300 to discuss how much you wish to repay. We don’t charge any additional fees if you want to make additional payments.

CHECK YOUR BALANCE AND RECENT PAYMENT HISTORY

You can view your current balance and recent payment history by logging into your online account. We want to make it easy for you to manage your 118 118 Money loan, which is why you can access your account securely at any time.

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.

*08000 118 000 is free from UK landlines and mobiles. 02920 893300 is charged by your provider as UK national number.