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118118 Money – 35.9% APR

118118 Money – 35.9% APR

118118Money are owned by Madison CF UK Limited.

A new player to the market, 118118Money do not offer guarantor loans, but offer loans of £1,000-£5,000 over a period of 12-24 months for those with poor or low credit.

The Review

118118Money are owned by Madison CF UK Limited. A new player to the market, 118118Money do not offer guarantor loans, but offer loans of £1,000-£5,000 over a period of 12-24 months for those with poor or low credit. The Review What’s the Cost? If you were to borrow £3,000 over the course of 1 year. …

Review Overview

APR - 35.9%
Online Reputation
Hidden Fees - None
Site Speed - 5.2ms

Summary : New to the market but with a substantially lower APR than competitors. This is however not a guarantor loan so if you have terrible credit this won't be the lender for you.

User Rating: 1.08 ( 5 votes)
80

What’s the Cost?

If you were to borrow £3,000 over the course of 1 year.

Representative Example: Borrowing £3000 over 12 months, repaying £294.04 per month, total repayable £3528.48. Interest rate 31.1%. Representative 35.9% APR (variable)

If you were to borrow £5,000 over the course of 2 years.

Representative Example: Borrowing £5000 over 24 months, repaying £282.33 per month, total repayable £6775.92. Interest rate 31.1%. Representative 35.9% APR (variable)

Online Reputation

As 118118Money are new to the market there are no reviews of the service yet, but 118118 is a reputable directory services company. So one could argue that they have their reputation on the line!

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