Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk

Loans for £1,000

  • Fast 3 to 36 month online loans
  • 100% No obligation loan quotes
  • Cash could be sent in minutes*
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79.5% APR Representative

Digitonomy Limited (trading as Growing Power) is a credit broker not a lender. All Applications Subject to affordability, UK residents only.

Rates between 15% APR and Maximum 1733% APR - your no obligation quote and APR will be based on your personal circumstances - we compare small loans from over 30 lenders to get you the lowest APR possible. If you are not successful in finding a loan we may transfer you directly to alternative firms and services, such as credit builder tools, which may charge you a monthly fee.

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Flexible Repayment options

Representative example: Amount of credit: £1000 for 12 months at £123.40 per month. Total amount repayable of £1,480.77 Interest: £1000.00. Interest rate: 79.5% pa (fixed).79.5% APR Representative.

Rates between 15% APR and Maximum 1733% APR. Loan term lengths from 3 to 60 months. There are no fees for our service.

When a hefty, unexpected cost threatens to drain our funds, a £1,000 loan could be a real help.

Whether you’re looking to fund urgent car repairs or replace a faulty boiler in time for winter, Growing Power could help you search for a suitable £1,000 loan.

Can I apply for a £1,000 loan?

Growing Power is a credit broker. We have access to a panel of over 30 Financial Conduct Authority (FCA) authorised and regulated lenders.

You can search for a £1,000 loan with Growing Power if you:

  • Are over the age of 18;
  • Are a UK resident;
  • Have a UK bank account and valid debit card; and
  • Have a regular source of income paid into your bank account.

Ready for a quick loan?

Could I get £1,000 today?

If approved, it might be possible for you to get a £1,000 loan today.

Some of the lenders on the Growing Power panel could send your money on the same day as your application is accepted, although the time it takes for the money to become available in your account will depend on your bank’s policies and procedures.

How long can I borrow £1,000 for?

With Growing Power, you can search for a £1,000 loan with the following repayment terms:

  • 3 months
  • 6 months
  • 12 months
  • 18 months
  • 24 months
  • 36 months

What’s the best repayment term for a £1,000 loan?

The best repayment term for a £1,000 loan will depend on your financial circumstances.

If you’re hoping to spread the cost, a longer term will reduce your monthly repayments, although you will pay more in interest overall.

Shorter terms offer less time to repay the money you owe but will reduce the amount of interest you’ll pay.

Bad credit £1,000 loan

A number of the lenders on the Growing Power panel are willing to consider applications from people with bad credit history.

Before you search for a £1,000 bad credit loan, please be aware that you could be offered a high rate of interest, and in some cases, you might not be approved to borrow the amount of money that you need.

If you have bad credit, you should consider how taking on new debt could impact your finances. If you are approved for a loan with bad credit, you will need to be certain that you’ll be able to make your monthly repayments in full and on time. Defaulting on a repayment will cause further damage to your credit score.

£1,000 loans for people with no credit history

Having no credit history is very different to having bad credit history, although both could stand in your way when applying for a loan.

Often referred to as having a ‘thin’ credit file, somebody with no credit history is likely to have never borrowed credit or paid bills before. This blank canvas creates question marks for potential lenders when considering an application from somebody who has no prior experience of managing credit.

Loans for people with no credit history are available with certain lenders, although again, you may be subject to a high interest rate.

You’re welcome to search for a no credit history loan with Growing Power, providing that you meet our eligibility criteria.

Can I get a £1,000 loan without a guarantor?

A guarantor is somebody who applies for a loan alongside you and agrees to step in and make your repayments if you were to suddenly find yourself unable to.

You don’t necessarily need a guarantor to search for a £1,000 loan, even if you have poor credit history. As mentioned, many of the lenders we work with specialise in bad credit loans, without the need for a guarantor.

How much will a £1,000 loan cost?

The cost of a £1,000 loan will vary from person to person and will be based on the amount of money borrowed, the repayment term, and the Annual Percentage Rate (APR).

The APR is the annual cost of the loan and takes interest and standard fees into consideration. When comparing loans, it’s worth noting that the lower the APR, the lower the overall cost of borrowing.

If you see a loan advertised with a representative APR, it means that at least 51% of approved customers will be offered this rate or lower.

Search for a £1,000 loan with Growing Power

  • Our service is free to use.
  • All quotes are no-obligation.
  • Our online form should take no longer than five minutes to complete.
  • In just 60 seconds, we’ll let you know whether you’ve been matched with one of our lenders.
  • If approved, your £1,000 loan could be sent today.**

No credit check £1,000 loans

The FCA requires all authorised and regulated lenders to carry out a creditworthiness assessment on anybody who applies for credit. It is not possible to get a loan without a creditworthiness assessment in the UK.

When you search for a £1,000 loan with Growing Power, we’ll carry out a soft credit check, which will give us an overview of your financial history without impacting your credit score.

If our search reveals a match, you’ll be redirected to the lender’s website. Should you decide to make a full application for the loan we’ve found you, the lender will complete the creditworthiness assessment. This will include a hard search or Open Banking. A hard search will be visible on your credit file for up to 12 months. Multiple hard searches within a short space of time will have a negative impact on your credit score.

Can I repay my £1,000 loan early?

You might be able to repay your £1,000 loan early, although please be aware that some lenders may charge an early repayment fee.

You should be able to find the details of any additional charges associated with your loan within your terms and conditions.

What should I do if I can no longer afford to repay my £1,000 loan?

If you’ve taken out a loan that you’re struggling to repay, you’ll need to contact your lender and let them know about the situation. They will listen with empathy and run through any options that they might be able to offer you to help relieve some of the pressure.

I’m worried about money; who can I talk to?

Free, impartial, and confidential advice is available through charities and organisations such as StepChange, MoneyHelper, Citizens Advice, and National Debtline.


*If we’re able to find you a loan and you decide to make a full application with the lender, a creditworthiness assessment will be carried out. This will include either a hard search or Open Banking. A hard search will remain visible on your credit file for up to 12 months, and multiple hard searches within a short period of time will damage your credit score.

**The time it takes for the money to appear in your account will depend on your bank’s policies and procedures.

Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk.