Follow these three steps:

  1. Decide how long you need to pay back your loan

  2. Compare interest rates to find the cheapest loan

  3. Check you meet all the lender's requirements before you apply

Once you have chosen a loan you need to apply by completing an application form, here is how to apply.

Choose the right loan term

Most 1,000 loans can last for between one and five years, but some lenders will let you borrow for longer than this.

A longer loan term makes your monthly payments smaller but also makes the loan more expensive.

Choosing the shortest loan term you can afford the monthly payments for should save you money.

Use our loan calculator to estimate how much your payments would be over different loan terms, and choose the shortest repayment period you can afford.

Get the best rate

Once you know how long you need to pay back your loan you can start comparing interest rates to find the cheapest 1,000 loan.

Use this comparison to look for the lowest representative APR (annual percentage rate). This is the interest rate that all lenders advertise and must give to at least 51% of borrowers.

All the lenders listed in this comparison are regulated and offer 1,000 loans.

Check the terms and conditions

All lenders set a list of criteria you have to meet to get a loan so check for these before you apply.

Lots of lenders now offer a soft search quote option as well, which lets you check if you will be accepted and the cost of the loan before you submit a full application.

1,000 loan FAQs


Are there any other ways to borrow 1,000?


Yes, you could look at using a credit card or an overdraft to borrow this amount of money. Here's how to choose


What does APR mean?


It stands for annual percentage rate, and is the interest you pay on the total value of your loan. The lower your APR, the lower your monthly payments.


How much will my repayments be?


This depends on the interest rate and how long you take to pay back the loan. You can use our loan calculator to check what your payments could be.


Will I have to pass a credit check?


Yes, lenders will check your credit record when you apply for a loan. If you are worried about bad credit here's how to overcome it and find a loan.


Can I get approved to borrow today?


Yes, most lenders can give you a loan quote within minutes, but full approval and the actual lending normally take a few days.

About our loans comparison


Who do we include in this comparison?


We include every unsecured loan you can get in the UK and peer to peer loans from our panel. They are all from lenders regulated by the Financial Conduct Authority. Here is more information about how our website works.


How do we make money from our comparison?


We have commercial agreements with some of the companies in this comparison and get paid commission if we help you take out one of their products or services. Find out more here.
You do not pay any extra and the deal you get is not affected.