We currently don't have that product, but here are others to consider:
How we picked theseTo make it even easier to compare and evaluate unsecured loans we came up with the Finder Score. Speed, features and flexibility across 60+ lenders are all weighted and scaled to produce a score out of 10. The higher the score the better the lender – simple.
Read the full methodologyPlease note: You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.
Late repayments can cause you serious money problems. See our debt help guides.
How do 118 118 Money loans compare against the competition?
See today's rates from across the personal loan market.
The 118 118 Money Personal Loan charges 49.9% APR representative on loans between £7,100 and £8,000. 118 118 Money offers the unsecured personal loan with repayment terms between 1 year and 5 years, and applicants can apply to borrow from £1,000 to £8,000.
| Loan type | Unsecured Personal Loan |
|---|---|
| Loan amounts | £1,000 to £8,000 |
| Loan terms | 1 year to 5 years |
| Loan rate type | fixed |
| Fee | 0% |
| Same-day funding available | |
| Instant decisions in most cases | |
| Soft-search facility available | |
| Joint applications | |
| Overpay without penalty | |
| Concurrent loans allowed | |
| Topping-up pays off existing loan and initiates a new loan | |
| Repayment methods | Direct debit |
The Annual Percentage Rate (APR) is a summary of the yearly cost of a loan. It takes into account both interest and any unavoidable charges you'll need to pay (for example an arrangement/product fee) over the duration of a loan. Because 118 118 Money doesn't charge an arrangement fee, its APR comprises just the interest rate – and so they're one and the same.
However, the vast majority of lenders tailor rates (and therefore APRs) to the individual applicant. If they think you're a riskier bet, they'll offset that by offering you a higher APR. The "representative APR" (as defined by the Financial Conduct Authority) is what 118 118 Money gives to at least 51% of those who take out the loan. The other 49% could pay more. 118 118 Money must calculate APR in the same way as other lenders, and must tell you your personal APR before you sign a loan agreement.
118 118 Money advertises a representative APR of 49.9% on loans between £7,100 and £8,000 on the 118 118 Money Personal Loan.
118 118 is a well-known directory enquiries provider. It has always branched out into a broad range of sectors, so it’s no surprise that its “Money” department offers personal loans.
118 118 Money focuses on small loans over short terms – offering loans between £1,000 and £5,000 over 1 to 3 years with monthly repayments made over 12, 18 or 24 months. You can apply online, and it provides a 24/7 helpline if you have any problems during your application.
Personal loans can be used for most things, but while other providers may limit the reasons they accept an application, 118 118 Money allows you to use the loan however you wish.
118 118 Money is not a payday lender. It offers instalment loans with a minimum term of 12 months.
118 118 Money offers personal, unsecured loans from £1,000 to £5,000. Unsecured loans are not secured against your assets, for example, your home. It offers repayment periods of either 12, 18 or 24 months.
You can use their personal loan calculator to see how much your monthly repayments might be, which will help you to determine the affordability. Their offer will be valid for 5 days, so you can take your time to decide whether you wish to accept it.
You should only apply for a 118 118 Money personal loan if you’re certain you can meet the repayment terms, and you meet the following criteria:
118 118 Money typically offers loans to applicants with fair or poor credit ratings (if you have good credit, you may be able to get better rates elsewhere). It's important to note that your credit record is just one factor that 118 118 Money considers, however.
A "Fair" or "Poor" (or "Very poor") credit rating means a score below 881 if you're referring to Experian's scale, 531 if you're referring to Equifax's scale and 604 if you're referring to TransUnion's scale.
No. Currently, decisions aren't instant. However, you can use the soft-search eligibility checker to instantly find out your chances of getting approved. (This won't affect your credit score.)
118 118 Money doesn't allow you to run multiple loans at the same time.
Yes, you can make overpayments without incurring any penalty fee. However, 118 118 Money can continue to charge interest for up to 2 months on any sums overpaid. So, although making overpayments stands to save you money in interest, you may not save quite as much as you'd imagined.
First, you can use this eligibility checker to find out if you'd be likely to get approved for a 118 118 Money loan . This won't impact your credit score.
If you’ve decided that a 118 118 Money personal loan is for you, make sure you have the following information handy for your application:
118 118 Money currently doesn’t offer instant decisions on loan applications but will notify you as soon as your application has been processed. Once you’ve completed your application, 118 118 Money aims to deposit your loan money within 24 hours of your approval.
73% of customers we surveyed in 2026 would recommend 118 118 Money to a friend.
It serves as an accessible option for individuals with lower credit scores who may struggle to secure loans elsewhere. Customers appreciate the fast decision-making, quick payments, and the convenient mobile app. The provider has shown understanding when users face temporary financial difficulties.
However, as a subprime lender, the interest rates are inherently high, which some users found made the long-term repayments difficult to manage.
AI-generated summary from the text of customer reviews on Finder.
You can call customer support on 02920 548 118. You can also talk to live chat agents on 118 118 Money app for general queries.
Find out whether a personal loan from Finio Loans could work for you.
Abound (formerly Fintern) is a UK lender that promises to offer borrowing “reinvented”, with affordable tailored loans.
Calculate the cost of an MBNA personal loan and see how much you can borrow today.
The super-popular UK challenger bank Monzo now offers flexible personal loans to existing users.
Borrow £5,000 to £25,000 with a competitive fixed rate personal loan from AIB. Find out how other lenders compare.
Find out more about Admiral unsecured personal loans of between £1,000 and £25,000. Get an instant decision and enjoy a fixed rate with no setup fees.
Novuna (formerly Hitachi) Personal Finance is not a bank – it’s a simplified, online finance provider from Japan that makes instant decisions on personal loans. Check out whether Novuna could be the yin to your financial yang.
See how to get a personal loan with the innovative lender Zopa, and get the latest Zopa loan rates, in our review.
Compare Halifax fixed-rate personal loans against products from a range of UK lenders. Apply online and secure a competitive rate.