Rating based on 83 reviews

118 118 Money

  • Personal loans up to £5,000
  • Low-interest up to 71.3%
  • Repayment up to 24 months

In-page navigation

118 118 Money homepage
Author 118 118 Money. Screenshot of 118 118 Money website.
[Accessed April 22, 2020]

About 118 118 Money

Within the following 8 years, they have expanded their industry, by providing personalized financial solutions so that you can handle anything, as well as to get back out there and get on.

Registered credit provider

The number of online scammers has been rising rapidly. Therefore, with 118 118 Money, you can be assured that they provide safe and secured services. They are both registered and authorized by the Financial Conduct Authority respectively. They adhere to all the UK’s lending rules and they make sure to lend responsibly.

118 118 Money protects all the documents that they receive from you since they do not want any of their customers to get scammed under their supervision.

Decent benefits explained

They give individuals the tools, resources, and products they need to adopt good financial patterns and help build their credit scores. 118 118 Money has a customer-centric approach that has helped over 100,000 UK customers thus far and has resulted in a five-star Trustpilot rating.

Personal conduct

118 118 Money is determined to provide better financing options, so you can build a better future for tomorrow. They have a variety of products from loans to credit cards as well as financial solutions to ensure that you can handle whatever comes your way. They strive to shake up the traditional UK financial services industry with their loan products and have succeeded thus far.

118 118 Money Services

Choose loans that are tailored just for your needs.

118 118 Money has the most convenient loans on the market. All their products are supported by the lowest interest rates and are easy to obtain.

Unsecured personal loans

An unsecured loan is the type of loan that does not require any security. You borrow it from a bank or lender and do repayments as stipulated. You are eligible to borrow from £1,000 to £5,000 for a period of 1 to 2 years with a fixed monthly schedule.

It can also help you during unforeseen circumstances such as car repairs, necessary home improvements as well as consolidating other debts. An unsecured loan could help you get back on your feet and it eases your financial worries.

Consolidate your debts with a personal loan 

A debt consolidation loan can be of benefit to you as it can help you reduce your monthly repayments, help you get out of debt quicker, and make your financial position stronger.  When paying your personal loan each month, it shows that you can pay off your debt to future lenders, which in turn increases your chances of getting credit further down the line.

An unsecured loan provides you with a more structured and understandable repayment plan, so your debts can be more manageable and reasonable. However, you are consolidating as well as extending the term of your borrowing, which will increase your overall interest charges.

118 118 Money – Personal loan

  • Loan Type Personal loans
  • Interest Rate 71.3%
  • Loan Amount up to £5,000
  • Repayment 1 week to 24 months

Benefits of 118 118 Money

  • Use a personal loan to consolidate debt
  • A simple and transparent loan service
  • Fair and affordable loans

Personal loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This loan calculator is for illustration purposes only.
The use of this quick loans calculator is subject to our terms of use.

118 118 Money the financial solution you need

118 118 Money has a simple application form, with no excessive paperwork.

At 118 118 Money, you can check if you’ll be accepted for a loan without impacting your credit score. There are no hidden fees involved and they keep things straightforward, transparent, and manageable.

How to apply for a personal loan

When you need a personal loan, you can apply for it by visiting their online loan application website. However, before attempting to apply you should first make use of their online calculator, which will help you determine the amount, interest rates, and installments of your desired loan.

After you have specified the above, you can proceed with the application by filling in your details and submitting your application.

Required information when applying online

  • Full name
  • Mobile phone number
  • Email address
  • Home address
  • Employment history
  • Net monthly income
  • Outgoings
  • Bank details

Requirements for a personal loan 

At 118 118 Money, they do not ask for unnecessary documents. But you should have the following:

  • Proof of UK residency
  • Between the age of 18 and 70 years old.
  • UK bank account and debit account holder.
  • Have a monthly income of £700 or more

They believe in giving people second chances in life. If your application got rejected on your first attempt, you can re-apply given that your financial situation has expanded.

Contact 118 118 Money today

You can contact 118 118 Money through their website or call them. They are available for calls on working days only, but if you are already an existing member you can download their application and access self-service.  For more details about 118 118 Money, you can visit their social media pages such as Facebook, Twitter, and LinkedIn.

Customer Reviews & Testimonials

December 2021

I am so happy by how easily accessible 118 118 Money is.

Marie U
— Scotland —

September 2021

I will never get over how low the interest rates I got from 118 118 Money.

Mary B
— London —

118 118 Money Contact

Physical Address

  • The Pinnacle, 170 Midsummer Blvd Milton Keynes MK9 1BP United Kingdom
  • Get Directions

Opening Hours

  • not available