We believe there are a few things that set us apart from other lenders. You won’t find any hidden charges or confusing small print; and we won’t shy away if you have less than perfect credit. We also feel it’s important to offer personal loans with fixed monthly payments, so you know exactly how much you will be paying each month and can budget accordingly. We offer a simple online application process and if your loan is approved, you could get the money in your account within 24 hours.

If you need to take out a loan, the first step is to find a reputable lender. It’s easy to feel overwhelmed by the many options available but while short-term and other types of loans may seem like a quick and easy solution, the high interest rates can sometimes help your debt spiral out of control.

THE 118 118 MONEY DIFFERENCE – NO NEED TO PANIC!

We think taking a loan with us is different for a number of reasons. Our business is built on offering a fair and transparent service, and as with any reputable lender, we make sure that you know exactly how much you will pay, when and over how many months. We work with people with a less than perfect credit history because we understand there are times when you may need a helping hand. What’s more, we don’t expect you to rush into accepting the loan we offer you – we’ll guarantee to hold the offer for 5 days whilst you shop around. This means you’ve got time to make sure it is the best deal for you. Put simply, we cater for individuals in various financial situations: whether you have a good credit score, or one where other lenders are unwilling to offer you a loan, we want to help.

YOU CONTROL THE TERM OF YOUR LOAN

We check that you can afford the monthly payments for the amount and length of time you have chosen, so we know you can easily plan your budget for the month. Our interest rates are always fixed from the moment you take out the loan. That’s because we believe you should be able to borrow between £1,000 and £5,000 for up to two years, at a reasonable interest rate and pay us back in fixed, monthly payments.

PROVIDING SUPPORT IN STRESSFUL SITUATIONS

We know life can bring the unexpected. We also know that financial worries can be a real burden to your lifestyle and happiness. The decision to borrow money is important and can have a significant impact on your future, so always make sure you can afford the monthly payments and only choose a reliable and sensible lender. We will only ever lend you an amount that you can comfortably repay in set instalments each month.

Should something unplanned happen to your budget, then you want a lending partner you can trust, who is both reachable and flexible. We are available by phone, email and live chat when you need us. Start one with 118 118 Money today.

CASH IN YOUR ACCOUNT WITHIN 24 HOURS AFTER APPROVAL

We take the time to evaluate how much credit you can afford but we try to do so as quickly as possible. We aim to make and inform you of our decision as soon as possible, often within 60 minutes. Our online loan application has been designed to be simple and straightforward, and after four simple steps you can submit your application for review. There may be times when we ask for extra documents but this is generally to help us decide whether you can actually afford the loan. It needs to be right for you in the long-term.

SIMPLE PAYMENT SYSTEM

If you earn extra cash during the loan period, it can be useful to pay us back sooner. Our payment plan is designed to be hassle free and where possible monthly instalments will be taken on your payday. We send you a payment reminder each month so that you know the payment is due. We do not charge additional fees if you want to make additional repayments.

Alternatively, if you need more cash during your loan, provided you have made your monthly repayments on time, we are happy to explore whether we can extend more credit.

FINANCIAL KNOWLEDGE

We are committed to affordable lending and building a long lasting relationship with our borrowers. Learn more about how to manage your finances in our money guidance section, which features free videos and helpful tools as well as expert guidance. We can help you manage your money and stay in control of your monthly budget and household cash.

You can also use our personal loan calculator to see how much your monthly repayments could be.

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.