Spend in hours, not poundsDownload our new 118M8 app Spend your hours wisely

118 118 money helpers illustration

Small Loans for Bad Credit

118 118 money helpers illustration
  • Borrow £1,000 to £8,000
  • Repay over 12 to 60 months
  • Check eligibility with no impact on your credit score
Check my eligibility nowThis won't affect your credit score

Representative example: Amount of credit £2,000 for 24 months. Interest rate: 41.2% pa (fixed). 24 scheduled monthly payments of £123.64. Total amount payable: £2,967.43. Representative 49.9% APR.

Need a small loan but worried about bad credit?

When a smaller cost catches you off guard, it is easy to focus on getting money and forget whether the repayment will fit. 118 118 Money offers personal loans that may be considered even if your credit history is less than perfect.

You can check your eligibility before you apply. That means you can see whether you are likely to be accepted without leaving a mark on your credit score.

Check first, then decide

A full loan application leaves a mark on your credit file. If you have bad credit, making several applications for a smaller loan can still make things harder, not easier.

Our eligibility check helps you take the sensible first step: check the chance of acceptance, understand the offer, then decide whether applying is right for you.

Check your eligibility before you apply
See whether you are likely to be accepted without affecting your credit score.
Check my eligibilityThis won't affect your credit score
person wearing sunglasses
Why people search for small loans with bad credit

People searching this term usually need a realistic way to cover a specific cost, without making their credit position worse. Common reasons include:

Specific costs. You may need help with a repair, bill, replacement appliance, or another one-off expense.

Bad-credit anxiety. You want to know whether you have a chance before making a full application.

Fixed repayments. A fixed monthly loan can be easier to plan around than rolling short-term credit.

No guarantor. You apply in your own name, without asking someone else to back the borrowing.

A clear next step. You can check eligibility first, then decide whether a full application is right for you.

118 118 money helpers illustration

3 simple steps to get started

  • Check your eligibility with no impact to your credit score
  • Set up your account, direct debit and sign
  • Complete your application if the offer works for you
Check my eligibilityThis won't affect your credit score.

What lenders may look at

When you apply for a small loan with bad credit, lenders typically look beyond a single credit score. They may review your credit profile, income, regular outgoings, existing commitments, and whether the repayments look manageable.

That is why an eligibility check can be a sensible first step. It helps you understand whether you are likely to be accepted before moving to a full application.

Why consider 118 118 Money

118 118 Money offers loans from £1,000 to £8,000 with repayment terms from 12 to 60 months, depending on your individual circumstances. If you are accepted, you can complete the process online and review the monthly repayment before committing.

As with any borrowing, only take out credit if it is affordable and right for your situation. If you are already struggling with bills or debt, free debt advice may be a better first step than more borrowing.

Read what our customers think about us

Trustpilot
Small Loans for Bad Credit FAQs

You can check your eligibility even if your credit history is less than perfect. Approval is not guaranteed, and 118 118 Money will still carry out credit and affordability checks before lending.

Yes. Our eligibility check helps you see whether you are likely to be accepted without affecting your credit score.

People often use small loan to mean borrowing for a specific cost rather than a large project. With 118 118 Money, accepted customers can borrow from £1,000 to £8,000 over 12 to 60 months.

No. You apply in your own name and the application is assessed on your own circumstances.

Only borrow if the repayments are affordable. If you are already struggling with bills or debt, free debt advice may be a better first step than taking out more credit.

118 118 money helpers illustration

Ready to check your eligibility?

See whether you are likely to be accepted before you apply. It won't affect your credit score.

Check my eligibility
118 118 money helpers illustration

Credit is subject to status, affordability and credit checks. Credit is only available to UK residents aged 18 and over. Terms and conditions apply.