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

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118 Money homepage

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

About 118 Money

118 118 Money is an online lender that offers short-term cash loans that range from £1,000 to £5,000 - that you can use for whatever you please!

Transparency and commitment

118 118 Money is registered with the Financial Conduct Authority and, we're committed to fair, responsible and transparent lending. Our same-day loans come with fixed interest rates and clear lending terms - so you'll never be left in the dark!

We also offer customers great information, tips and tricks on earning, spending, saving and lending on our blog - simply because we care about you and your financial well being.

Quick application and effortless repayments

We're a modern and innovative online lender that allows our customers to apply for a short term loan via our online lending platform. We're open 24-hours a day, 7-days a week - so you can apply for a loan online from anywhere at any time.

Our application is simple and quick and once you've received your loan - you never have to worry about making the monthly repayments because we'll set up a direct debit that takes care of it for you!

118 Money Services

118 118 Money is a UK-based online lender that offers customers short term loans up to £5,000 at competitive rates.

Our loan rates - affordable and clear

Our quick online loans currently have a Representative APR of between 35.9% and 99.99% - the rate that we'll be offering you depends on your credit rating, however, this will generally remain between this advertised rate.

We do not offer payday loans. Our loan term ranges from 12 to 24 months - a loan bracket that it perfect for taking care of the things that matter to you most from taking that dream road trip to redoing your outdated kit.

Thousands of happy customers

We have processed thousands of short term loan applications from people just like you - looking for an affordable credit solution that is easily accessible.

Whether you have poor credit or good credit - we can provide you with a loan in just 24 hours after you've completed our easy online loan application. Even if you've been refused credit by another lender or bank - 118 118 Money can still help you!

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 Online loan calculator is subject to our terms of use.

Applying for a loan with 118 118 Money is easy and convenient

As an online lender, 118 118 Money have put a lot of focus into developing a loan application process that is nothing short of perfect.

We're not a bank and we know it - you can apply for a loan from home any day of the week and at any hour, with no paperwork or face to face meetings.

Get to know 118 118 Money

Since we like to keep our customers informed at all times - you can visit our site and review our range of lending products, learn more about us, see what our customers have to say about us, read through our terms and conditions and even find out how much our short term cash loans will cost. We also offer you use of our simple loan calculator which can help you gauge the loan cost of various loan amounts.

Our lending requirements

If you want to apply for a loan with 118 118 Money you must first ensure that you meet our basic lending criteria:

  • You must be a resident of the United Kingdom
  • You must be aged over 18
  • You must have a bank account
  • You must earn a monthly income that exceeds £700 and;
  • You must be employed full time

Information we'll need from you

If you meet the above criteria you can then proceed to begin your same day loan application on our site - which should take you no longer than 15 minutes to complete. We will ask you to provide us with your contact details such as your telephone number and email, you residential address, your employment details and history and you’re an overview of your income and expenses.

Once we get your application

As a responsible lender, it's our job to ensure customers can afford the short term credit that they're applying for - so we'll run a credit check via CallCredit or Experian before making a formal loan offer. This does not mean that we will reject your loan application if you have a tainted credit history but, it will affect the interest rate that we'll be able to offer you.

Once we've sent you a loan offer and you accept it we'll then draw up a loan agreement for you to sign and then send off the money. With such a simple online loan application process and great customer service you'll certainly join our 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