Rating based on 25 reviews

118 Money

  • Short-term loans up to £5,000
  • Low-interest starting from 71.3%
  • Repayment up to 24 months

In-page navigation

118 Money homepage
Author 118 Money. Screenshot of 118 Money website.
[Accessed April 6, 2020]

About 118 Money

118 Money is an online lender that offers short-term cash loans that are helping their UK clients get themselves back on a firm financial footing.

118 Money`s services are among the most transparent when it comes to quick short-term loans. They are registered with the Financial Conduct Authority, so there is no quibbling when it comes to being upfront with their short-term loans.

Provides customers with low-interest loans

They provide a quick service with their same-day loans. Interest rates are fixed and their highly experienced staffers are always clear in their explanations of the lending terms when negotiating contracts.

Their online service includes a blog that offers customers great information, tips, and tricks on earning, spending, saving, and lending. This shows how much they care about customers and their financial well-being. 118 Money is, without doubt, a comforting shoulder to lean on when it comes to providing short-term loans in the UK.  

The advantage of the online loan process is that clients can apply from anywhere in the world at a click of a button. Applicants can be assured of urgent feedback from the company.

Innovative online short-term loan services.

118 Money utilizes the most advanced online technology to help customers with their online loan applications. They are always there for the customer and will never let them down when they need a short-term loan urgently. 118 Money is open ”virtually” 24-hours a day, 7-days a week which speeds up the loan application process for their clients.

Their application procedure is simple and fast. Once they have received a loan the customer never has to worry about making monthly repayments because the company will organize a direct debit from their bank account.

118 Money Services

118 Money knows that people don’t always have ready cash lying around for those unexpected emergencies.

Sometimes a washing machine will pack up or a plumbing nob might be needed in a kitchen. Or, maybe a customer needs to pay a medical bill urgently. Don’t despair, that’s where 118 Money will help stranded customers with their short-term loans online.

Customers can expect

  • Loans between £1,000 -£5,000 at competitive rates.
  • There are no hidden costs as loan negotiations are transparent
  • A representative APR of between 35.9% and 99%
  • Loan payment terms of between 12-24 months.
  • Loans are paid out within 24 hours.

The application process is stress-free

118 Money no-frills, no-fuss online application for short-term loans saves clients time - and money. They have made applying for a loan so easy that clients can enquire or apply for one every day of the week at any hour. The application process takes 15 minutes.

They will also ask for contact details such as telephone number and e-mail, residential address,  employment details and history, and an overview of a client’s income and expenses. Clients can visit their website at any time and view the lender's range of lending products.

Through a simple loan calculator, clients can also assess how much any loan they may take out will cost, including APR, monthly repayments, and total cost of capital.

118 Money – Short-term loan

  • Loan Type Short-term loans
  • Interest Rate from 71.3%
  • Loan Amount up to £5,000
  • Repayment 12 months to 24 months

Benefits of 118 Money

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

Short-term 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.

Applying for a loan with 118 Money is easy and convenient

118 Money has some of the lowest interest rates among lenders in the market. 

They understand that many people find themselves in tough economic circumstances, which are no fault of their own. The company's philosophy, therefore, is to make the loans as affordable as possible for clients.

118 Money`s lending requirements

  • Clients must be a resident of the United Kingdom.
  • They must be over the age of 18.
  • They must have a bank account.
  • A client must earn a monthly income that exceeds £700.
  • And clients must be employed full-time.

118 Money has a short term loan to every need

118 Money knows many clients are facing a credit crunch. So they will not turn customers who have a bad credit rating with the bureau, easily away. Even if a client has been disqualified from another bank or lender, 118 Money will still be in a position to assist, subject to certain conditions.

As a responsible lender, 118 Money makes sure customers can afford the short-term credit that they're applying for.  They will run a credit check via CallCredit or Experian before making a formal loan offer.  It does not mean that the lender will reject a loan application if the client has a tainted credit history but, it will affect the interest rate that would be offered to the customer.

Once the lender sends a loan offer to the client and it's accepted they then draw up a loan agreement for the client to sign and then send off the money. With such a simple online loan application process and great customer service, clients would surely be attracted to certainly joining their community of happy customers in no time.

Customer Reviews & Testimonials

July 2019

The consultants at 118 118 Money have always been understanding of our different financial backgrounds.

Nicholas P
— Oxford —

July 2019

One business day was all it took for the 118 118 Money loan to deposit money into my bank account.

Godfrey C
— Blackpool —

118 Money Contact

Physical Address

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

Postal Address

  • Fusion Point, Dumballs Road, , , Cardiff, CF10 5BF

Opening Hours

  • not available