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as they may vary from our results.
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118118 Money
Calculate Your Loan Cost:
Choose the loan type you require then adjust the sliders to calculate the cost of your loan.
Representative Example
Amount of credit £1,500 for 2 years. Interest rate: 71.3% pa (fixed). 24 scheduled monthly payments of £118.88. Total amount repayable: £2,853.12. Representative APR 99.9%.IMPORTANT INFORMATION:
Lender Overview
118118 Money short term loans
118118 Money offer unsecured loans of between £1000 and £5000 that are repaid over 12, 18 or 24 months. Their loans are repaid in fixed monthly instalments so you will always know how much your loan repayment will cost. 118118 Money loans are not like payday loans and are designed for longer term borrowing.When can I get my loan?
You can apply for a 118118 Money loan 7 days a week and they fund their loans 7 days a week also. Applications made in the evening may not be processed until the following day. If you have previously applied for a loan with 118118 Money, it is advised not to reapply until at least 180 days (6 months) have passed. Once a loan has been approved, you will receive a call confirming the final details and they will then deposit the money into your bank account.
How do I repay my loan?
Loan repayments are made via Direct Debit on the day of the month that you choose. If a direct debit payment fails, they may attempt to collect from your debit card. Please be aware that if your bank rejects a direct debit request the bank may charge you.
What happens if I can't pay my loan on time?
If you experience any difficulty with your loan repayments, please contact 188118 Money as soon as possible on 08000 118 000 and they will endeavour to help you.
Am I eligible for a 118118 Money loan?
- You must be aged between 18 and 70 years
- You must be a UK resident
- You must have a UK current bank account with a valid debit card
- Your monthly net income (after tax) must be at least £700
- You must be employed or self employed
How is this lender regulated?
- 118118 Money are authorised and regulated by the Financial Conduct Authority
WARNING:
Late repayment can cause you serious money problems. For help, go to The Money Advice
Service