Borrow up to £5,000 with fixed repayments and no hidden fees. Quick decision, simple process!
118 118 Money Personal Loan: Fast Cash, Up to £5,000
Borrow £1,000 to £5,000 with fixed monthly repayments and no hidden fees. A quick, transparent loan designed to keep things simple—fast approval, predictable payments, and zero surprises
Check Your Eligibility
You will remain in the same website.
Borrow £1,000 to £5,000 with fixed monthly repayments and no hidden fees. A quick, transparent loan designed to keep things simple—fast approval, predictable payments, and zero surprises
Check Your Eligibility
You will remain in the same website.
Wondering why 118 118 Money might be a good fit? Here’s what makes it stand out:
Borrow up to £5,000
For Poor Credit!
No hidden fees—ever
Fixed, predictable repayments
Check Your Eligibility
You will remain in the same website.
Advantages and Disadvantages of the [LOAN NAME]
Pros:
- Straightforward borrowing – No confusing terms or sneaky fees—what you see is what you get.
- Fixed monthly payments – Your repayments stay the same, so no nasty surprises.
- Quick approval process – Get a decision fast and, if approved, receive your funds promptly.
- No early repayment fees – If you want to pay off your loan sooner, go for it—no penalties.
- Bad credit considered – You don’t need a perfect score to apply, making borrowing more accessible.
Cons:
- Higher interest rates – Rates may be steeper if your credit isn’t in top shape.
- Limited loan amounts – Borrowing caps at £5,000, so not ideal for larger expenses.
- Not a revolving credit option – Once you’ve spent it, you’ll need to apply again for more funds.
FAQ
A personal loan can cover almost anything—home improvements, car repairs, or finally tackling that ever-growing pile of credit card debt. However, lenders won’t approve loans for gambling, investments, or funding your dream to open a cat café.
Most lenders offer a quick online application where you provide some personal and financial details. A soft credit check may be done first to see if you qualify, followed by a hard check if you decide to proceed—so don’t go applying for multiple loans at once unless you want your credit score to take a hit.
If approved, funds are often transferred within 24 hours, though some lenders may take a little longer. Basically, you won’t have to wait forever, but maybe don’t start shopping until the money actually hits your account.
At first, not much. The initial check is usually soft, so your score won’t be impacted. If you go ahead with the full application, a hard check will be recorded, which can temporarily lower your score. However, if you repay on time, it could actually boost your credit rating.
Many lenders allow early repayments, and some even let you do it without extra charges. Just check the fine print—because surprises are great for birthdays, not for finances.
Check out another tip for an excellent Personal Loan
Recommended Content
1plus1 Personal Loan
Need a reliable loan? 1plus1 Personal Loan offers up to £5,000 with flexible repayment terms and a simple online application. No guarantor needed—just quick decisions and fair rates
Keep Reading
You will remain in the same website.