If you are thinking of a small unsecured loan for up to 2 years but don’t have a perfect credit history then you might want to consider 118118 Money. Their online instalment loan has been around a while but only recently have they become available via our website.
Summary
Let’s summarise what they can offer and you can find out more here:
- Loans of £1000 to £5000 for any purpose
- Repay over 12, 18 or 24 months
- There are 3 bands of interest rate. The rate you get is determined by your credit rating
- the 3 representative APRs are 35.9%, 79.9% and 99.9%
- You can check to see if you qualify using their “quick check” feature that means that no footprint is left on your credit file
- There are no hidden charges
We also have access to other unsecured loan lenders via our dedicated enquiry form should 118118 Money not be quite what you are looking for,