Rating based on 30 reviews

Loans Bad Credit offered by 118118 Money

image of 118118 Money
image of 118118 Money

About 118118 Money

Our loans are different and we believe there are a few things that set us apart from other lenders, making us a preferred lender in the financial industry.


We do not have any hidden charges and we consider loan applications with bad credit.

Additionally, our bad credit personal loans have fixed monthly payments to simplify your budget and loan repayments. Our simple online application process allows you to get the money in your account within 24 hours.

Reputable lender

Finding a reputable lender is the first step to finding a loan that suits your requirements. Our business is built on offering a fair and transparent service.

Individual requirements

Catering for individuals in various financial situations, regardless of credit score is one of our specialised financial services.

Control your loan

Our interest rates are fixed from the start of the loan.

You are able to borrow between £1,000 and £5,000 for up to two years, at a reasonable interest rate and pay us back in fixed, monthly payments. It makes budgeting for your loan, easy and convenient.

Always available to assist you

We are available by phone, email and live chat when you need us.

What 118118 Money can offer you

Loans on offer vary from £1,000 to £5,000 with fixed monthly payments over one to two years.

Our loans are available to individuals even if they have bad credit. The lending criteria we follow, allows us to go beyond traditional lenders.

How do I know if I am eligible to apply for a loan?

Use our QuickCheck, we will then review your information and let you know whether you are likely to qualify for a loan. Our business is to consider all applications individually and try to consider all circumstances fairly and accordingly.

Cash within 24 hours

We are often able to approve loans within 60 minutes. The payout of your loan, after approval, depends on a number of factors such as the type of loan as well as the documents etc required to apply for the loan. Applying within operating hours will ensure that you receive the loan as soon as possible.

Easy ways to pay

You can pay over the phone by calling us on 08000 118 000 or 02920 893400, keep your debit card close by when paying via phone call.

Internet banking
We accept internet banking payment.

Bank branch
You can also make direct payments to us at any Barclays Bank branch.

Direct debit
For assistance with a direct debit account payment method, please call 08000 118 000.

Loan Amount



Repayment Term

0 days

0 months

In a Nutshell

  •  Average processing time Same day
  •  Online application
  •  Unsecured loan option

118118 Money – Loans for bad credit with options!

If you wish to apply for a loan from £1,000 to £5,000 available over a term of 12, 18 or 24 months, we have what you are looking for.

Our easy and convenient online application form only takes a few minutes to complete, which is the start of getting the financing you need.

You are welcome to apply for a loan if you are

  • between the ages of 18 and 70
  • a UK resident
  • hold a current UK bank account and debit card
  • have a monthly net income of more than £700
  • are employed or self-employed

What will you need when you apply?

  • mobile phone number
  • email address
  • home address
  • employment history
  • net monthly income
  • expenses
  • bank details

Does applying online mean I get an instant answer?

We aim to respond to your loan application as soon as possible. At times, we are able to approve loans between 60 minutes to 24 hours.

Use your loan for any purpose

You are welcome to use the loan amount as you wish.

We protect your sensitive information

Your privacy and security are of the utmost importance to us. In compliance with our Privacy Policy, we will always ensure your sensitive information is guarded and protected.

If my loan application is rejected, can I try again?

Should your financial circumstances change, you are able to re-apply for a loan after 180 days.

How long will I wait for the loan funds?

Deposits are usually made straightaway, into your bank account.

Eligibility & Requirements

  •  18 years or older
  •  UK resident
  •  Employed full-time
  •  Active UK bank account
  •  Active email address
  •  Mobile
  •  Recent pay slips
  •  Employer to confirm employment
  •  Proof of address

Other Products & Services

  • Bad Credit Loans

Customer Reviews & Testimonials

Having a bit of a dodgy credit history can make life hard, but 118118 Money really gave me the break I needed. Their bad credit loans are still affordable and have easy repayments.

Emmaline N
— Cardiff —

Great company, I was able to get the funds in my account within 24 hours which I really needed.

Clover L
— Cardiff —

No one takes out a bad credit loan for fun, however, 118118 Money's website was so interactive and simple it was almost fun!

Hatty F
— Cardiff —

 Find us here

Dumballs Rd,, Cardiff
CF10 5BF

Postal Address

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

 Opening hours

  • Monday 08:00 – 20:00
  • Tuesday 08:00 – 20:00
  • Wednesday 08:00 – 20:00
  • Thursday 08:00 – 20:00
  • Friday 08:00 – 20:00
  • Saturday 08:00 – 20:00
  • Sunday 08:00 – 20:00

 Get in contact

Similar Lenders offering Loans Bad Credit

Opal Loans

Opal Loans

  • Loans up to £25,000
  • Term up to 60 months
View More


  • Loans up to £10,000
  • Term up to 60 months
View More
Easy Loans Company

Easy Loans Comp...

  • Interest from 49.3%
  • Loans up to £25,000
View More


  • Interest from 3%
  • Loans up to £25,000
  • Term up to 5 years
View More