Find the cheapest £1,000 loans available in the UK side by side with the help of our best £1,000 loan rates comparison table and secure a cheap thousand pound loan that suits your circumstances in minutes. We make it easy for you to find the lender that will offer you an unsecured £1k loan in return for the lowest interest rate.

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Loan | Representative APR | For Loan Amounts | Term | ||||||||||||||||||||||||||||||||||||||||||||||

Minimum | Maximum | Minimum | Maximum | ||||||||||||||||||||||||||||||||||||||||||||||

Promoted Results | |||||||||||||||||||||||||||||||||||||||||||||||||

Zopa Personal Loan | £1,000 | £20,000 | 4.3% | £7,500 to £15,000 | 2 years | 5 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 4.3% so if you borrow £10,000 over 3 years at a rate of 4.3% p.a. (fixed) you will repay £296.42 per month & £10,671.12 in total. 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. | |||||||||||||||||||||||||||||||||||||||||||||||||

Clydesdale Bank Personal Loan | £1,000 | £25,000 | 4.4% | £7,500 to £15,000 | 1 year | 7 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 4.4% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.4% p.a. (fixed) you will repay £227.20 per month & £10,905.60 in total. 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. | |||||||||||||||||||||||||||||||||||||||||||||||||

Yorkshire Bank Personal Loan | £1,000 | £25,000 | 4.4% | £7,500 to £15,000 | 1 year | 7 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 4.4% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.4% p.a. (fixed) you will repay £227.20 per month & £10,905.60 in total. | |||||||||||||||||||||||||||||||||||||||||||||||||

Santander Internet Loan | £1,000 | £20,000 | 4.5% | £7,500 to £15,000 | 1 year | 5 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 4.5% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.5% p.a. (fixed) you will repay £227.63 per month & £10,926.24 in total. | |||||||||||||||||||||||||||||||||||||||||||||||||

M&S Bank Personal Loan (New Customers) | £1,000 | £25,000 | 4.8% | £7,500 to £15,000 | 1 year | 7 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 4.8% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.8% p.a. (fixed) you will repay £228.93 per month & £10,988.64 in total. To apply for an M&S Personal Loan you have to be a UK resident aged 30 or over or a homeowner. To apply for an M&S Loan, you must have an annual income of at least £10,000 and be aged 30 or over, or a homeowner aged 18 or over. | |||||||||||||||||||||||||||||||||||||||||||||||||

RBS Internet Loan (Existing Customers) | £1,000 | £25,000 | 4.9% | £7,500 to £14,950 | 1 year | 7 years | |||||||||||||||||||||||||||||||||||||||||||

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. Available to existing customers only. 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. | |||||||||||||||||||||||||||||||||||||||||||||||||

NatWest Personal Loan | £1,000 | £25,000 | 6.4% | £7,500 to £14,950 | 1 year | 7 years | |||||||||||||||||||||||||||||||||||||||||||

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 £235.77 per month & £11,316.96 in total. Available to existing customers only. 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. | |||||||||||||||||||||||||||||||||||||||||||||||||

RateSetter 1 Year Loan | £1,000 | £25,000 | 6.7% | £5,000 to £14,999 | 1 year | 23 months | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 6.7% (fixed) at a rate of 6.7% p.a. (fixed)Arrangement fee £115.75. 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. | |||||||||||||||||||||||||||||||||||||||||||||||||

Moneyway Personal Loan | £1,000 | £15,000 | 18.9% | £12,001 to £15,000 | 1 year | 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. | |||||||||||||||||||||||||||||||||||||||||||||||||

Everydayloans Duo Loan | £1,000 | £5,000 | 44.8% | £1,000 to £5,000 | 13 months | 5 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 44.8% (variable) so if you borrow £3,000 over 3 years at a rate of 37.6% p.a. (variable) you will repay £140.16 per month & £5,045.72 in total. The Duo guarantor loan from Everyday loans is one of the lowest cost Guarantor Loans in the UK. There are no upfront or late fees. If you can afford the loan repayments and have a guarantor that's a UK homeowner, we can help. | |||||||||||||||||||||||||||||||||||||||||||||||||

GuarantorUs Loans Unsecured Guarantor Loan | £1,000 | £5,000 | 45.0% | £1,000 to £5,000 | 1 year | 5 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The representative APR is 45.0% (variable) so if you borrow £5,000 over 2 years at a rate of 37.77% p.a. (variable) you will repay £299.96 per month & £7,198.98 in total. GuarantorUs offer the best value guarantor loan in the UK. Find a guarantor and receive up to £5,000 the same day. No fees ever. | |||||||||||||||||||||||||||||||||||||||||||||||||

UK Credit Ltd Guarantor Loan | £1,000 | £7,500 | 47.9% | £1,000 to £7,500 | 1 year | 5 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: £3,000 over 3 years, Annual interest rate 39.8% fixed, monthly payment £143.98. Interest payable £2,183.28. Total repayable £5,183.28. Representative 47.9% APR fixed. UK Credit is a specialist, no fee guarantor loan provider. All bad credit considered. Please only apply if you have a homeowner guarantor to support your application. | |||||||||||||||||||||||||||||||||||||||||||||||||

1Plus1 Loans 1Plus1 Loan | £500 | £5,000 | 49.7% | £500 to £5,000 | 1 year | 5 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 49.7% (fixed) so if you borrow £2,000 over 2 years at a rate of 49.7% p.a. (fixed) you will repay £123.49 per month & £2,963.76 in total. Arrangement fee £50. A 10% broker fee will be included within your monthly repayments. | |||||||||||||||||||||||||||||||||||||||||||||||||

Amigo Loans Ltd Guarantor Loan | £500 | £5,000 | 49.9% | £500 to £5,000 | 1 year | 5 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 49.9% (variable) so if you borrow £5,000 over 2 years at a rate of 41.16% p.a. you will repay £309.08 per month & £7,417.92 in total. Struggling to get a loan even though you know can afford to pay it back? Amigo can lend you up to £5000 as long as you've got someone willing to back you up. | |||||||||||||||||||||||||||||||||||||||||||||||||

1st Stop Guarantor Loan | £500 | £5,000 | 52.6% | £500 to £5,000 | 1 year | 5 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The representative APR is 52.64% so if you borrow £3,500 over 3 years at a rate of 52.64% p.a. (fixed) you will repay £174.92 per month & £6,297.12 in total. | |||||||||||||||||||||||||||||||||||||||||||||||||

Aspire Money Personal Loan | £500 | £7,500 | 58.5% | £500 to £7,500 | 1 year | 7 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: Representative 58.5% APR.
Borrow £5,000 and pay £297.34 a month for 36 months. The interest payable is £5,704.24. The total repayable is £10,704.24. Aspire Money offer a loan brokering service with no upfront fees and have loans available that don\'t require a guarantor. Please only apply if you are aged 18 to 65, employed or self employed with a income of more than £800 a month. | |||||||||||||||||||||||||||||||||||||||||||||||||

UK Credit Ltd Tenant Guarantor Loan | £1,000 | £3,000 | 69.9% | £1,000 to £3,000 | 1 year | 3 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: £2,000 over 2 years, Annual interest rate 45.84% fixed, monthly payment £113.47. Interest payable £2,084.92. Total repayable £4,084.92. Representative 69.9% APR fixed. Get a guarantor loan today using a TENANT AS YOUR GUARANTOR. All bad credit is considered. Ideal for consolidating more expensive credit. No fees. Fixed rates. | |||||||||||||||||||||||||||||||||||||||||||||||||

Evolution Money Unlimited equity loan up to £3,000 | £1,000 | £3,000 | 82.5% variable | --- | 1 year | 3 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 82.5% (variable) so if you borrow £2000 over 2 years at a rate of 51.1% p.a. (variable) you will repay £146.96 per month & total amount payable £3,527.04. You must be a homeowner to apply as this loan will be secured against your home. | |||||||||||||||||||||||||||||||||||||||||||||||||

118 118 Money Loan | £1,000 | £5,000 | 99.9% | £1,000 to £5,000 | 1 year | 2 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 99.9% so if you borrow £2,000 over 2 years at a rate of 71% p.a. (fixed) you will repay £158.13 per month & £3,795.12 in total. | |||||||||||||||||||||||||||||||||||||||||||||||||

Ladder Loans Loan | £500 | £1,500 | 299.0% | £500 to £1,500 | 6 months | 18 months | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 299% so if you borrow £1,000 over 12 months at a rate of 147% p.a. (fixed) you will repay £163.10 per month & £1,957.20 in total. | |||||||||||||||||||||||||||||||||||||||||||||||||

Pounds to Pocket Personal Loan | £200 | £2,000 | 399.0% | £200 to £2,000 | 1 year | 1 year | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 399% so if you borrow £500 over 1 year at a rate of 172% you will repay £98.54 per month and £1182.50 in total. | |||||||||||||||||||||||||||||||||||||||||||||||||

EZBOB Business Loan | £500 | £50,000 | --- | --- | 1 month | 1 year | |||||||||||||||||||||||||||||||||||||||||||

One hour funding, apply online, zero paperwork. Up to £50,000. | |||||||||||||||||||||||||||||||||||||||||||||||||

iwoca Business Loan | £1,000 | £50,000 | --- | --- | 1 month | 6 months | |||||||||||||||||||||||||||||||||||||||||||

Fast, flexible funding for ecommerce businesses | |||||||||||||||||||||||||||||||||||||||||||||||||

Merchant Money Business Loan | £1,000 | £50,000 | --- | --- | 1 month | 2 years | |||||||||||||||||||||||||||||||||||||||||||

Available for Ltd companies only. | |||||||||||||||||||||||||||||||||||||||||||||||||

RateSetter Business Loan | £1,000 | £25,000 | --- | --- | 1 year | 5 years | |||||||||||||||||||||||||||||||||||||||||||

Full Results | |||||||||||||||||||||||||||||||||||||||||||||||||

Zopa Personal Loan | £1,000 | £20,000 | 4.3% | £7,500 to £15,000 | 2 years | 5 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 4.3% so if you borrow £10,000 over 3 years at a rate of 4.3% p.a. (fixed) you will repay £296.42 per month & £10,671.12 in total. 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. | |||||||||||||||||||||||||||||||||||||||||||||||||

Clydesdale Bank Personal Loan | £1,000 | £25,000 | 4.4% | £7,500 to £15,000 | 1 year | 7 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 4.4% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.4% p.a. (fixed) you will repay £227.20 per month & £10,905.60 in total. 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. | |||||||||||||||||||||||||||||||||||||||||||||||||

Yorkshire Bank Personal Loan | £1,000 | £25,000 | 4.4% | £7,500 to £15,000 | 1 year | 7 years | |||||||||||||||||||||||||||||||||||||||||||

Clydesdale Bank Personal Loan (Ex/C) | £1,000 | £25,000 | 4.4% | £7,500 to £15,000 | 1 year | 7 years | |||||||||||||||||||||||||||||||||||||||||||

Yorkshire Bank Personal Loan (Ex/C) | £1,000 | £25,000 | 4.4% | £7,500 to £15,000 | 1 year | 7 years | |||||||||||||||||||||||||||||||||||||||||||

Available to existing customers only. | |||||||||||||||||||||||||||||||||||||||||||||||||

Santander Internet Loan | £1,000 | £20,000 | 4.5% | £7,500 to £15,000 | 1 year | 5 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 4.5% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.5% p.a. (fixed) you will repay £227.63 per month & £10,926.24 in total. | |||||||||||||||||||||||||||||||||||||||||||||||||

Santander Branch Loan (123 Customers) | £1,000 | £20,000 | 4.5% | £7,500 to £20,000 | 1 year | 5 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 4.5% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.5% p.a. (fixed) you will repay £227.63 per month & £10,926.24 in total. Available to existing customers only. | |||||||||||||||||||||||||||||||||||||||||||||||||

Santander Branch Loan (Standard) | £1,000 | £20,000 | 4.5% | £7,500 to £15,000 | 1 year | 5 years | |||||||||||||||||||||||||||||||||||||||||||

Santander Telephone Loan (123 Customers) | £1,000 | £20,000 | 4.5% | £7,500 to £20,000 | 1 year | 5 years | |||||||||||||||||||||||||||||||||||||||||||

Available to existing customers only. | |||||||||||||||||||||||||||||||||||||||||||||||||

Santander Telephone Loan (Standard) | £1,000 | £20,000 | 4.5% | £7,500 to £15,000 | 1 year | 5 years | |||||||||||||||||||||||||||||||||||||||||||

Santander Select Loan (Select Customers) | £1,000 | £25,000 | 4.5% | £7,500 to £25,000 | 1 year | 5 years | |||||||||||||||||||||||||||||||||||||||||||

Available to existing customers only. | |||||||||||||||||||||||||||||||||||||||||||||||||

M&S Bank Personal Loan (Existing Customers) | £1,000 | £25,000 | 4.7% | £7,500 to £15,000 | 1 year | 7 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 4.7% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.7% p.a. (fixed) you will repay £228.49 per month & £10,967.52 in total. Available to existing customers only. To apply for an M&S Loan, you must have an annual income of at least £10,000 and be aged 30 or over, or a homeowner aged 18 or over. | |||||||||||||||||||||||||||||||||||||||||||||||||

First Direct Personal Loan | £1,000 | £25,000 | 4.7% | £7,000 to £15,000 | 1 year | 7 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 4.7% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.7% p.a. (fixed) you will repay £228.67 per month & £10,976.16 in total. Available to existing customers only. | |||||||||||||||||||||||||||||||||||||||||||||||||

M&S Bank Personal Loan (New Customers) | £1,000 | £25,000 | 4.8% | £7,500 to £15,000 | 1 year | 7 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 4.8% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.8% p.a. (fixed) you will repay £228.93 per month & £10,988.64 in total. To apply for an M&S Personal Loan you have to be a UK resident aged 30 or over or a homeowner. To apply for an M&S Loan, you must have an annual income of at least £10,000 and be aged 30 or over, or a homeowner aged 18 or over. | |||||||||||||||||||||||||||||||||||||||||||||||||

HSBC Premier Loan | £1,000 | £25,000 | 4.8% | £7,000 to £25,000 | 1 year | 8 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 4.8% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.8% p.a. (fixed) you will repay £228.93 per month & £10,988.64 in total. Available to existing customers only. | |||||||||||||||||||||||||||||||||||||||||||||||||

HSBC Graduate Loan | £1,000 | £25,000 | 4.8% | £5,000 to £25,000 | 1 year | 8 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 4.8% (fixed) so if you borrow £5,000 over 4 years at a rate of 4.8% p.a. (fixed) you will repay £114.46 per month & £5,494.08 in total. Available to existing customers only. | |||||||||||||||||||||||||||||||||||||||||||||||||

RBS Internet Loan (Existing Customers) | £1,000 | £25,000 | 4.9% | £7,500 to £14,950 | 1 year | 7 years | |||||||||||||||||||||||||||||||||||||||||||

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. Available to existing customers only. 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. | |||||||||||||||||||||||||||||||||||||||||||||||||

Barclays Existing Customer Barclayloan (Internet) | £1,000 | £35,000 | 4.9% | £7,500 to £35,000 | 1 year | 10 years | |||||||||||||||||||||||||||||||||||||||||||

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 £229.99 per month & £11,039.52 in total. Available to existing customers only. | |||||||||||||||||||||||||||||||||||||||||||||||||

Barclays Barclayloan (Branch) | £1,000 | £35,000 | 4.9% | £7,500 to £15,000 | 1 year | 10 years | |||||||||||||||||||||||||||||||||||||||||||

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 £229.99 per month & £11,039.52 in total. | |||||||||||||||||||||||||||||||||||||||||||||||||

RateSetter 2 Year Loan | £1,000 | £25,000 | 5.0% | £8,000 to £14,999 | 2 years | 2 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 5.8% (fixed) so if you borrow £10,000 over 2 years at a rate of 5.8% p.a. (fixed) you will repay £438.09 per month & £10,514.16 in total. Arrangement fee £147. 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. | |||||||||||||||||||||||||||||||||||||||||||||||||

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You may want to compare the above loans with the following.

- 7 yrs maximum loan term is offered with Flexible Loan (£7.5K-£25K).
- The Flexible Loan (£7.5K-£25K) has an arrangement fee (%) of 0 percent.
- New customers enjoy 6.4 percent representative APR from this loan.
- Get £7,500 minimum loan from Bank of Scotland.
- You can benefit from £0 arrangement fee (£).
**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.**

- New customers can get maximum loan term of 5 yrs.
- Personal Loan (Existing Customers) offers an arrangement fee (£) of £0.
- 5.9 percent representative APR is offered with Personal Loan (Existing Customers).
- The loan offers a £0 max arrangement fee.
- 1st payment due of 30 days is offered to new customers.
**Representative Example: The Representative APR is 5.9% (fixed) so if you borrow £10,000 over 4 years at a rate of 5.9% p.a. (fixed) you will repay £233.69 per month & £11,217.12 in total.**

- £1,000 minimum loan is offered to you.
- Minimum loan length of 2 yrs is offered with Personal Loan.
- Max loan term of 5 years is available.
- You get £20,000 maximum loan.
- 4.3 percent representative APR is available with this loan.
- Personal Loan gives a first payment due of 30 days.
**Representative Example: The Representative APR is 4.3% so if you borrow £10,000 over 3 years at a rate of 4.3% p.a. (fixed) you will repay £296.42 per month & £10,671.12 in total.**

- Take advantage of 12 percent representative APR from Lloyds Bank.
- This loan gives £7,500 to £25,000 representative loan amount.
- New customers get £25,000 maximum loan from Lloyds Bank.
- Customers get 5 years maximum loan term from this loan.
- You get £1,000 minimum loan.
**Representative Example: The Representative APR is 12% so if you borrow £10,000 over 4 years at a rate of 11.43% p.a. (fixed) you will repay £236.06 per month & £11,330.88 in total.**

- Enjoy £0 arrangement fee (£).
- 1 yr minimum loan duration is offered to customers.
- The Wesleyan Bank Limited Personal Loan has £7,500 to £25,000 representative loan amount.
- Customers get 30 days first payment due.
- Get a representative APR of 8.4% from the Personal Loan.
- Customers can take advantage of representative APR of 8.4 percent.
**Representative Example: The Representative APR is 8.4% (fixed) so if you borrow £10,000 over 4 years at a rate of 8.4% p.a. (fixed) you will repay £244.57 per month & £11,739.36 in total.**

- New customers get 1 yr minimum loan duration from Sainsbury's Bank.
- This Sainsbury's Bank loan has a 4.4% representative APR.
- You will get first payment due of 30 days.
- £0 maximum arrangement fee is available with Standard Medium Loan (1-3 Yrs).
- An arrangement fee (%) of 0% is offered by Sainsbury's Bank.
- £0 minimum arrangement fee is available with Standard Medium Loan (1-3 Yrs).
**Representative Example: The Representative APR is 4.4% (fixed) so if you borrow £10,000 over 2 years at a rate of 4.4% p.a. (fixed) you will repay £435.65 per month & £10,455.60 in total.**

- Representative APR of 6.7% is available with 1 Year Loan.
- Get a first payment due of 30 days from this 1 Year Loan.
- A 0 month deferred start is available.
- New customers will benefit from representative APR of 6.7%.
**Representative Example: The Representative APR is 6.7% (fixed) at a rate of 6.7% p.a. (fixed)Arrangement fee £115.75.**

- Get 1 year minimum loan length from Aspire Money.
- Customers will get representative APR of 58.5%.
- £500 minimum loan is offered with this loan.
- This loan offers £500 to £7,500 representative loan amount.
**Representative Example: Representative 58.5% APR. Borrow £5,000 and pay £297.34 a month for 36 months. The interest payable is £5,704.24. The total repayable is £10,704.24.**

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.

£1,000 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 £1,000 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% money transfer and 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.