Zopa Personal Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £25,0003.9%
(£7,500 to £15,000)
1 year to 5 years
You must be at least 23 years old, with an annual income of at least £16,000 & have a good credit history / no CCJ's.
Representative Example: The Representative APR is 4.0% so if you borrow £10,000 over 3 years at a rate of 4.0% p.a. (fixed) you will repay £295.13 per month & £10,624.78 in total. This includes £544.78 interest at 3.5% (fixed) and a £80 fee.
Tesco Bank Personal Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £25,0004.1%
(£7,500 to £15,000)
1 year to 10 years
As a thank you, Clubcard customers get a 1000 points when they apply by 31st Oct through Money.co.uk, are accepted and receive their money by 30th Nov. Enter your Clubcard number when you apply. T&Cs apply.
Representative Example: The Representative APR is 4.1% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.1% p.a. (fixed) you will repay £225.90 per month & £10,843.20 in total.
AA Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £25,0004.1%
(£7,500 to £15,000)
2 years to 5 years
Plus free AA Breakdown cover for a year. For T&C’s see website.
Excellent credit rating required. Homeowners are more likely to be accepted.
Representative Example: The Representative APR is 4.1% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.1% p.a. (fixed) you will repay £226.77 per month & £10,884.96 in total.
Nationwide Personal Loan Ex/C
Loan AmountRepresentative APRLoan Term
£1,000 to £25,0004.2%
(£7,500 to £14,999 )
1 year to 5 years
Available to existing customers only.
Representative Example: The Representative APR is 4.2% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.2% p.a. (fixed) you will repay £226.33 per month & £10,863.84 in total.
Santander Internet Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £20,0004.3%
(£7,500 to £15,000)
1 year to 5 years
You must have a direct debit facility.
Representative Example: The Representative APR is 4.3% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.3% p.a. (fixed) you will repay £226.94 per month & £10,893.12 in total.
Nationwide Personal Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £25,0004.5%
(£7,500 to £14,999)
1 year to 5 years
Representative Example: The representative APR is 6.2% (fixed) so if you borrow £11,000 over 51 months at a rate of 6.2% p.a. (fixed) you will repay £245.04 per month & £12,497.04 in total.
RBS Internet Loan Ex/C
Loan AmountRepresentative APRLoan Term
£1,000 to £25,0004.9%
(£7,500 to £14,999)
1 year to 7 years
If you choose to repay your loan early, an early redemption charge of up to 58 days' interest will apply. Other loan amounts are available at alternative rates. Rates depend on circumstances and loan amount.
Available to existing customers only.
Representative Example: The Representative APR is 4.9% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.9% p.a. (fixed) you will repay £229.36 per month & £11,009.28 in total.
NatWest Personal Loan Ex/C
Loan AmountRepresentative APRLoan Term
£1,000 to £25,0004.9%
(£7,500 to £14,999)
1 year to 7 years
If you choose to repay your loan early, an early redemption charge of up to 58 days' interest will apply. Other loan amounts are available at alternative rates. Rates depend on circumstances and loan amount.
Available to existing customers only.
Representative Example: The Representative APR is 4.9% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.9% p.a. (fixed) you will repay £229.36 per month & £11,009.28 in total.
Clydesdale Bank Personal Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £25,0004.9%
(£7,500 to £25,000)
1 year to 7 years
Apply online and get an instant decision. Any purpose loans. You can repay your loan in full and part at any time and they'll reduce the total credit payable under the agreement. Rates available online, in branch and via telephone.
Representative Example: The Representative APR is 4.9% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.9% p.a. (fixed) you will repay £229.57 per month & £11,019.36 in total.
Yorkshire Bank Personal Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £25,0004.9%
(£7,500 to £25,000)
1 year to 7 years
Apply online and get an instant decision. Any purpose loans. You can repay your loan in full and part at any time and they'll reduce the total credit payable under the agreement. Rates available online, in branch and via telephone.
Representative Example: The Representative APR is 4.9% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.9% p.a. (fixed) you will repay £229.57 per month & £11,019.36 in total.
Alphalend 2 Year Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £10,0005.3%
(£1,000 to £10,000)
2 years
Quick, convenient online application, approval within minutes. All fees included in the APR. Repay early without charges. Good credit rating required.
Good credit rating required.
Representative Example: The Representative APR is 5.3% (fixed) so if you borrow £5,000 over 24 months at a rate of 5.3% p.a. (fixed) you will repay £220 per month & £5,280 in total.
Alphalend 3 Year Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £10,0005.8%
(£1,000 to £10,000)
3 years
Quick, convenient online application, approval within minutes. All fees included in the APR. Repay early without charges. Good credit rating required.
Good credit rating required.
The Representative APR is 5.8% (fixed) so if you borrow £5,000 over 36months at a rate of 4.5% p.a. (fixed) you will repay £152 per month &£5,460 in total.
Ulster Bank Personal Loan Ex/C
Loan AmountRepresentative APRLoan Term
£1,000 to £25,0006.4%
(£7,000 to £14,950)
1 year to 5 years
Available to existing customers only.
Representative Example: The Representative APR is 6.4% (fixed) so if you borrow £10,000 over 4 years at a rate of 6.4% p.a. (fixed) you will repay £235.86 per month & £11,321.28 in total.
Alphalend 1 Year Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £10,0008.0%
(£1,000 to £10,000)
1 year
Quick, convenient online application, approval within minutes. All fees included in the APR. Repay early without charges. Good credit rating required.
Good credit rating required.
The Representative APR is 8%(fixed) so if you borrow £5,000 over 12 months at a rate of 4.37% p.a. (fixed)you will repay £435 per month & £5,219 in total.
RateSetter 1 Year Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £25,0008.5%
(£4,000 to £4,999)
1 year to 23 months
Quick and simple online process, approval within 24 hours. No early repayment charges and all fees are included in the APR. Need good credit history.
Representative Example: The Representative APR is 9.1% (fixed) at a rate of 9.1% p.a. (fixed) Arrangement fee from £92.10.
1st Stop Homeowner Plus
Loan AmountRepresentative APRLoan Term
£1,000 to £10,00018.2%
(£1,000 to £10,000)
1 year to 6 years
This is an unsecured loan, but you must be a homeowner to apply as it is designed for homeowners who would prefer not to secure a loan against their property.
Representative Example: The Representative APR is 18.21% so if you borrow £5,000 over 5 years at a rate of 8.5% (fixed) you will repay £124.59 per month and £7,475.40 in total. The total charge for credit is £2,475.40 which includes a processing fee of £375.
Moneyway Personal Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £15,00018.9%
(£12,001 to £15,000)
1 year to 5 years
Representative Example: The Representative APR is 24.9% so if you borrow £5,000 over 4 years at a rate of 22.46% p.a. (fixed) you will repay £158.73 per month & £7,619.04 in total.
Citrus Loans Personal Loan
Loan AmountRepresentative APRLoan Term
£500 to £20,00022.5%
(£500-£20,000)
1 year to 3 years
Representative Example:The Representative APR is 22.5% so if you borrow £3,000 over 2 years at a rate of 20.5% (fixed) then you will repay £153.38 per month & £3,681.05 in total.
1st Stop Homeowner
Loan AmountRepresentative APRLoan Term
£1,000 to £5,00037.2%
(£1,000 to £5,000)
1 year to 3 years
This is an unsecured loan, but you must be a homeowner to apply as it is designed for homeowners who would prefer not to secure a loan against their property.
Representative Example: The Representative APR is 37.2% APR so if you borrow £3,000 over 3 years at a rate of 17.0% (fixed) you will repay £132.19 per month and £4,758.84 in total. The total charge for credit is £1,758.84 which includes a processing fee of £225.
Springcoin Personal Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £20,00048.5%
(£1,000 to £20,000)
1 year to 3 years
Interest rates available from 19% - 99% subject to the credit history of the applicant.
Representative Example: The Representative APR is 48.5% (fixed) so if you borrow £3,000 over 1 year at a rate of 48.5% p.a. (fixed) you will repay £670.83 per month & £3670.83 in total.

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How to Find a Cheap £1,000 Loan

Getting a loan doesn't mean borrowing the earth; sometimes it's just a small injection of cash you need to pay for what you want. Regardless, finding the cheapest loan rates possible is still just as important.

How to Find a Cheap £1,000 Loan

If you are looking for a 1,000 pound loan, your options will be very different than for someone looking to borrow a larger amount, but there is just as much flexibility in the market.

We compare 1,000 loan lenders and run through the different ways you can get cheap credit.

Getting a small personal loan

Because the amount involved is relatively small, you have more options when it comes to getting approved for a 1,000 loan bad credit history or otherwise.

An unsecured personal loan is one of the easiest ways to take out 1,000 pound loans and in many cases, this may be the way to find some of the most competitive rates.

Loans over 12 months or longer are the norm; many lenders set the minimum period at 12 months to make it worthwhile them lending to you at all although some offer shorter terms.

If on the other hand you want to spread out your repayments, you can borrow a 1,000 loan over 2 years or even longer. For a 1,000 loan monthly payment terms can stretch up to a maximum of 7 years, as a general rule of thumb but the amount of interest you'd pay in this time would be significant.

It's always best to spread repayments on your 1,000 loan over the shortest period possible so you pay less interest overall.

Getting the best deal for 1,000 loans

Although an unsecured personal loan is one of the most popular ways to get a loan today there are a number of different other options offering alternative solutions.

The first thing you should consider is using your credit card. This is a far less formal arrangement, will give you the flexibility to pay of your borrowing on your terms and, if you get a 0% purchase card could save you paying interest on your borrowing. The same applies to 0% balance transfer credit cards to the same end; borrow and pay of the balance before the end of the 0% period and all you'll have to pay out is the handling fee.

The downside is that you do need to be more disciplined about making repayments so you clear your balance or make another balance transfer before the end of the term. To get around this issue simply work out how much you need to pay off each month to clear the balance in full by the time the 0% deal ends and set up a direct debit to do this for you.

Another option is social lending. This sidesteps the banks so you borrow direct from savers via one of the social lending sites. This can work out as a very cost-effective option especially if you have a good credit history so it's worth investigating.

If you are looking for a 1,000 loan poor credit won't necessarily be an issue, but if you have had more serious debt problems very recently, you might find it difficult to get approval from a mainstream lender.

If you need a 1,000 same day loan to cover bills and are struggling financially you should speak to your lenders and a debt charity like StepChange rather than borrowing more.

The best way to find out how much each option will cost is to carry out a loans for 1,000 comparison. This will show not just the APR, but the minimum and maximum repayment terms to help you narrow down the right deal for you.

See how this compares with the cost of using a credit card and go for whichever option costs you least.

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