Loans for £1,000

  • Fast 3 to 36 month online loans
  • 100% No obligation loan quotes
  • Accept and get your cash in 10 minutes*
Apply 24/7
Available 24/7 online - apply now
Cash in minutes
Cash into your bank account in 10 mins
Decision within seconds
Get your decision within seconds
Affordable repayments
Affordable repayments

Representative example: Amount of credit: £1200 for 18 months at £90.46 per month. Total amount repayable of £1628.28 Interest: £428.28. Interest rate: 49.9% pa (variable). 49.9% APR Representative.

Rates between 11.8% APR and Maximum 1698.1% APR. Loan term lengths from 3 to 60 months. There are no fees for our service.

If we said that, in around 10 minutes* from now, there could be a £1,000 loan from a reputable and established lender paid direct in your bank account, you might think that was very fast.

Better still the loan we’d arrange for you would be transferred into your bank account by a lender who is authorised and regulated by the Financial Conduct Authority, the UK’s loans watchdog and regulator. That’s peace of mind for any borrower.

10 minutes* - that’s how fast our systems can work. A £1,000 cash loan could be with you that quickly thanks to:

  • our easy-to-complete application form and,
  • the clever computer system we’ve built which works with our lenders’ systems to find you a competitive and affordable loan.

To start your application, please click here.

£1,000 loans – everything you need to know

Will any company lend me £1,000 if I have a bad credit rating?

Yes – there are lots of lenders out there who may be happy to lend you £1,000 if you have a bad credit rating, subject to your personal and financial circumstances.

What’s the best way to get the cheapest loan deal for you though? You might not know this but each lender has a profile of who their “ideal borrower” is.

What does this mean for you? You might go to four different lenders and get four different answers. One might say “no”, two might say “yes, £1,000 is fine” but charge you different rates of interest, and another might say “we’d like to lend you money but we can’t lend you any more than £500”.

The more positive the answer, the closer someone will be to a lender’s “ideal borrower”. The more negative the answer, the further away they’ll be.

The problem for anyone applying for a loan is that there’s often no indication on lenders’ websites about exactly what makes their “ideal borrower”.

The good news for Growing Power customers is that, before we accept new lenders onto our panel, we ask them two things:

  • "can you show us that you’re authorised and regulated by the Financial Conduct Authority?" and,
  • "can you tell us who your ideal borrower is?"

When they tell us in detail what their ideal borrower’s personal and financial circumstances are, we program that straight into our computer system.

And when you fill out the application form on our site, our computers match the details you give us about yourself to our lenders’ ideal borrower profiles.

That means that we will only approach lenders if we think that you’re the type of customer they’re looking for based upon what they’ve told us. Please be aware that this doesn’t guarantee that you’ll be accepted for a loan but it may improve your chances.

By working with us, you’ll save a lot of time and frustration by only making one application for your £1,000 loan instead of making lots of applications direct to lenders.

Ready for a quick loan?

Can Growing Power find me a £1,000 loan so that I can pay off other debts?

Most of the companies on our panel of lenders will be happy to lend money to you for any reason. Some of our lenders may not want to lend you £1,000 if you intend to use the money to:

  • gamble
  • invest in a business
  • buy speculative investments (stocks, shares, Bitcoin, and so on)
  • make your next repayments on other credit facilities you have because there is no other way to pay your creditors in full and on time

Debt consolidation loans do exist – that’s when you take out a loan to pay off other debts. You can pay off your debt faster and cheaper with a debt consolidation loan if the interest rate on your debt consolidation loan is lower than some or all of the interest on the debt accounts you’re currently paying off. You will need to be careful not to take out your debt consolidation over too long a period because you might end up paying more in interest.

If you’re in debt and you’re worried about the level of debt you have, you might wish to consult with a debt expert at one of the UK’s six major debt help organisation - StepChange, PayPlan, National Debtline, the Debt Advice Foundation, the Money Advice Service, and Citizens Advice

Can I apply for £1,000 today and receive the money today as well?

Yes. You could receive your £1,000 short-term loan into your bank account within 10 minutes by applying through Growing Power depending on your bank’s policies and procedures. Please click here to complete our application form for £1,000 loans.

What do I need to do to get a £1,000 loan today?

To get your £1,000 cash loan today, you need to be:

  • over 18,
  • resident in the UK,
  • employed,
  • and have a UK bank account with a debit card.

Each lender on our panel has a minimum amount that they feel comfortable with a borrower earning for them to provide a loan – however if you earn less than £750 a month, you should not apply.

Some lenders will consider income from permanent benefits in their calculations, although if this is relevant you, you may wish to ask about Budgeting Loans (for Pension Credit, Income Support, income-based Jobseekers’ Allowance, or income-based Employment and Support Allowance recipients) or Budgeting Advances (for Universal Credit recipients) before applying for a £1,000 loan – click here for information from the Money Advice Service.

You can borrow £1,000 from Growing Power and repay the loan over 3 months, 6 months, or 12 months. Please note that you will pay more interest on your loan if you choose to pay it back over a longer period.

If you’re certain you can afford the repayments on time and in full, please click here for our application form for a quick £1,000 cash loan.

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