If you need some emergency funding or require a loan for a planned expense but have less than perfect credit and can’t get a loan from your bank, then a £1,000 loan from 118 118 Money could be the perfect solution for you.

We offer loans from £1,000 up to £5,000 over 12, 18 or 24 months.

Uses for your £1000 loan

The inconvenient thing with an unexpected emergency is that it can happen to anyone at any time, with no prior warning. An unexpected car repair, a new boiler or damage to your home can be highly frustrating and stressful, especially if you haven’t got access to funds.

On the other hand, you might be planning to organise a much-needed family trip, so £1,000 might be the just the right amount to make that happen. Whatever your reasons for seeking a £1,000 loan, 118 118 Money are happy to help.

Can I get a 1,000 pound loan with bad credit?

If you’ve attempted to get credit from your bank but have been pushed back due to your less than perfect credit history, you may start to panic and accept the first loan offer you do get.

At 118 118 Money, we urge borrowers not to panic and to try us first! We look beyond your less than perfect credit profile and review your loan application based on whether you can afford to pay the loan back, with interest.

To get an idea of how much you could afford to borrow and for how long, make sure to try out our personal loans calculator. You can also fill out our budget planner, so you can review your monthly spend accordingly.

If you’re accepted for a £1000 loan, we’ll guarantee to keep your offer valid for up to 5 days, so you can have time to shop around to find the best deal for you.

Applying for a £1000 personal loan

Before taking out any form of credit, it’s vitally important to research the terms of the loan, how much you’ll pay back, the APR and the commitment you’re making.

If you’re happy and ready to apply for a loan with 118 118 Money, try our QuickCheck first to find out how likely you are of being accepted. Our QuickCheck will not affect your credit score and once you find out your eligibility, you can proceed to the simple and easy application form.

In your application, you’ll need to provide:

  • Full name
  • Contact details
  • Address history for the past three years
  • Income and outgoings

You’ll also need to be between 18 and 70 years old, hold a current bank account and have a net income of at least £700 per month.

How long will it take until I receive the £1,000 loan?

Our application form is quick and easy to complete and we’ll give you a fast decision as quick as we can. If accepted, you could have the £1,000 in your bank account in less than 24 hours.

“Excellent. I am really pleased with the simple and quick application. Money was in our bank within 12 hours (they say up to 24). They offered me the lowest rate when other banks had turned me down. Will definitely be using again.” – Julie M

Representative example: Amount of credit £1,800 for 24 months. Interest rate: 71.3% pa (fixed). 24 scheduled monthly payments of £142.65. Total amount payable: £3,423.67Representative 99.9% APR. 

Rates from 35.9% APR - 99.9% APR fixed.