How do fixed monthly payments work? How do fixed monthly payments make life easier and how can you get one? 118 118 Money has got your back.

I need a loan, can you help?

There are many reasons why you may need extra money that you just don’t time to save for, and we appreciate it can be frustrating and stressful if you have been rejected by your bank.

I need the money but I want to choose the best option for me

We agree! While some lenders appear only interested in taking your money we want to make sure you can pay back your loan without struggling financially or getting yourself in further debt.

Feel free to call us anytime on 08000 118 000 or 02920 893300* to discuss your options. We are here for you 24/7.

Firstly, consider your need for a loan and what options you have for credit. You have many options and we don’t want you to choose a product that isn’t right for you. We promise to take the time to discuss your situation to help find a solution that’s right for you.

Remember, one size doesn’t fit all!

I definitely need a loan but can I pay it back without my debt escalating?

So, a loan is the best option for you but we don’t want your borrowing to result in more debt and needing another loan in the future.

Many people rely on short-term loans regularly throughout the year, which results in bad financial management, a poor credit rating and a lot of wasted money in interest and fees.

How do I avoid getting in more debt?

Your credit score maybe less than perfect but a loan might be the solution to getting your finances back under control so you don’t keep struggling.

Credit cards, overdrafts, short-term loans and flexible repayment loans can often result in the borrower getting in more debt or spending more time and money by paying off what they owe.

However, by taking a loan with fixed monthly payments you suddenly have a financial plan to get the money you need and have control over your monthly budget so you know exactly when you will pay your debt off.

Don’t all lenders offer fixed repayment plans?

Unfortunately not! Credit card companies, for example, make a lot of money from people who only pay the minimum repayment every month. Even if they don’t use the card again if you’re only paying off the minimum payment you’ll continue to pay interest and it can take years to pay off your debt.

Does 118 118 Money offer Fixed Monthly Payments?

Yes we do! We want to help you and your financial situation. Even if your credit rating isn’t perfect we consider other factors in your online application such as your net income and outgoings.

If you take a loan with us you’ll have peace of mind that you can afford the monthly repayments and they will never change throughout the period of the loan.

What online loans do 118 118 Money offer?

We have a selection of loans available to suit your financial needs that can be spread over 12, 18 or 24 monthly repayments.

£1,000 loan

£2,000 loan

£3,000 loan

£4,000 loan

£5,000 loan

How can I apply for a 118 118 Money loan?

You can apply online now or if you’d like to chat to us about your loan application, just call us on 08000 118 000 or 02920 893300*
We’re here for you 24/7.

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.