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Representative 49.7% APR (variable). Representative Example: If you borrow £2,600.00 over 36 months at a Representative rate of 49.7% APR and an annual interest rate of 41.00% (fixed), you would pay 36 monthly instalments of £126.61. The total charge for credit will be £1,957.89 and the total amount payable will be £4,557.89.

Loans for 1000 Pounds

Broken boiler? Costly cambelt on your car? Whatever the emergency, the £1000 needed to solve the issue is often not readily available. If you’re in a tight spot, you’re probably searching for the quickest application time, cheapest interest and fastest payout.

Choose Wisely has done the tricky bit; we’ve put together the above table of all the lenders that offer £1000 loans, including those that consider applicants with bad credit history.

£1000 Loans with Bad Credit

If things are tight Choose Wisely will give you the tools to get sorted. If your credit history isn’t great and you’re looking for a £1000 loan, use the Choose Wisely loan search to find out who will accept your application before you apply.

Representative 49.9% APR.

BEWARE: Unsure of your options when it comes to borrowing with bad credit? Read our simple guide to borrowing with bad credit to find out more.

Loans for 1000 Pounds - What can I expect?

Depending on your credit score, APRs on £1000 loans can range anywhere from 3% to over 1500% and the APR you are charged will depend on your credit history.

Most of the time, interest rates are fixed so you will pay the same repayment amount each month but some lenders do offer variable rates, meaning rates may differ slightly month-to-month. You will be told about your repayment plan in your loan agreement.

Over recent years, payday lenders have expanded their loan products, with many now offering loans for £1000 over 12 months. So you’ve still got options, even with bad credit.

How else can I get £1000?

If you haven’t already, make sure you consider other options for getting £1000. Loans can cost you a lot of money, particularly if you have bad credit. Have a look at our suggestions below:

Borrow from Family and Friends

Perhaps the cheapest way to get a loan, have you asked family or friends if you can borrow some cash? They might be able to help you out or offer another solution like offering lifts if your car needs fixing.

Credit Cards

Depending on your score, you might be able to get a credit card with a £1000 credit limit but this does tend to go to those with a fair to good credit score. Credit cards have a smaller APR rate than bad credit loans but can be very expensive if you miss your monthly minimum repayment or keep the same amount of debt on there for an extended length of time.

Final Word

It doesn’t matter what reason you’re looking for a loan, we can imagine you probably want to see the funds hit your account pronto. That’s why we’ve done most of the legwork for you. If you’ve decided on a loan, plug your details into the Choose Wisely Loan Search Tool [Representative 49.9% APR.] and find out who will accept your application before you apply.

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