£1000 Loan

Need a £1000 loan but have been turned down by the bank manager? You are minutes away from £1000 loan details sent to as many as 50 lenders in one quick application. Or maybe you just that money in the quickest time possible and going through traditional channels is too slow for you. As brokers of fast £1000 loans, we specialise in finding the best short term loan options for you at the best interest rates.

A few minutes spent filling in our application form is all you need to do and we will work with up to 50 direct lenders trying to find the best loan for you. As long as you are over 18 years old, have a bank account, live in the UK, and can show the lenders that you have enough income to cover your outgoings and still have enough to make the loan repayments, you could be granted a £1000 loan.

Are bad credit loans available for people with bad credit?

Yes, the beauty of bad credit loans is that they are set up to offer people with poor credit histories a place to turn when they need emergency cash. Unlike banks who are usually completely put off by prior debt problems, direct lenders understand that everyone makes mistakes with managing their money and it shouldn’t be the be all and end all when it comes to deciding on whether or not a person should be allowed to borrow money. Direct lenders will offer you a short term loan if they feel that you have proved that your current economic situation has improved and you have enough money to pay off the loan without struggling to pay your bills.

To improve your chances of being accepted for a fast loan, it is imperative that the information you provide is as accurate as possible and that you can prove what you claim. You should also be very upfront and honest about any past problems with debt and your bad credit score. With direct lenders and payday loans, honesty is always the best policy.

How long should I take to pay off a £1000 bad credit loan?

Typically a £1000 loan will be paid off over the space of a year, as this has been proven to be the most manageable for the majority of people. However, with any bad credit payday loan you should aim to pay off the debt as soon as possible, especially if your bad credit score means you are paying a higher interest rate, as this will lower the total sum you have to repay to the lender.

You can better make a decision about these things once you have a selection of quotes to compare, so click on the links to our application form on this site, spend a few minutes giving us your details, and then sit and wait for your offers to come rolling in.

Our service is completely obligation free, so you don’t have to accept any offer that you don’t like the look of. Here’s an example of the interest on a £1000 loan with different repayment lengths.

Compare £1000 loan repay in 12 months

Total Amount

Length borrowed for

Monthly APR example Representative 1266%

Loan total

Monthly repayment

£1000 loan

3 months 24% £1514.16 £504.72

£1000 loan

12 months 12% £1937.24 £161.44

Please note this is not an offer and set as an example only. As you can see repaying more quickly results in far less interest being paid.

Are loans with no guarantor available online?
Can I get an instant £1000 loan from a direct lender?
Who offers the cheapest payday loans for £1000?
Are there such things as £1000 loans with no credit check?

Are loans with no guarantor available online?

Yes, no guarantor loans are available from direct lenders even if your credit history is less than perfect. If the details you provide show a lender that your financial status is on the up, obtaining a loan with no guarantor shouldn’t be too much of a problem. The interest rate you are required to pay with a no guarantor loan will also depend on your credit score, with customers who have clear credit histories being offered better deals. If you would like a lower interest rate, then maybe getting someone to back you up for a guarantor loan might be a better option.

Can I get an instant £1000 loan from a direct lender?

In recent times, some lenders have started using automatic decision making software to grant instant loans to customers, but they are normally reserved for people with excellent credit ratings. A less than perfect credit score will mean that more checks will have to be done before the lender makes his decision on your application, so an instant loan in this case is unlikely. Payday loans from direct lenders are quick loans though, and it is not uncommon for them to be completely processed and the funds in the customer’s bank accounts within the same day.

Who offers the cheapest payday loans for £1000?

The quickest and most efficient way to find the cheapest payday loans is to enlist our help. We will get your application seen by up to 50 direct lenders simultaneously, which will save you a lot of time and effort and help you get cheap payday loans if we can. Often, the deals you are offered by lenders vary a lot, so this is why we suggest applying for as many as possible, so you can work out the best deal for yourself. Obviously, your credit score and current financial strength will affect the interest rates on your loan quotes but shopping around is also another way to ensure you are getting a fair crack of the whip.

Are there such things as £1000 loans with no credit check?

The answer is absolutely not. The Financial Conduct Agency will not allow any lenders that are listed on the financial services register (FSR), to offer loans with no credit check. You might have seen some lenders advertising payday loans with no credit check but this is just advertising word play. On closer inspection, it is revealed that there is small print saying that they actually do perform credit checks. Sometimes, what lenders mean when they say no credit check, is that they will perform a soft check so that it won’t damage your credit score should you be unsuccessful in your application.

The only other time you will see people offering no credit check loans is when they are coming from illegal loan sharks, and these are best avoided. Because loan sharks are working on the other side of the law, they are completely unregulated, and it is not unheard of for them to change interest rates or add extra fees in that were not agreed upon beforehand.

Take our advice and steer well clear of any lender that is not on the FSR(Financial services register).

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