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£1,000 loans


  • Compare £1k loans from a range of trusted providers

  • Our soft search won't harm your credit score

  • See your personalised chance of being accepted

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Compare loans from 37 lenders, right across the market1

We do the heavy lifting, so you don't have to. We work with leading providers to help you borrow the money you need.

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1Accurate as of May 2024

How much will a £1,000 loan cost?

The overall cost of your £1,000 loan will depend on the following factors:

  • How long you borrow for – you can specify the term in your application 

  • How much interest you’ll pay – this will be set by your lender based on your credit score 

For small-sized loans, such as a £1,000 loan you should expect to pay a higher interest rate compared to larger loans. This is because small and short-term loans tend to cost more for lenders to provide. 

Our loan calculator can help you work out what a small loan might cost.


With a pre-approved loan, the deal you see is the deal you get

When you apply for a loan, it’s not always clear what deal you’ll be offered or whether you’ll be accepted. But when you’re pre-approved for a loan, you know the deal you see is the deal you’ll get – you’ll know where you stand, with information that will help you make the right choice.

  • Apply with confidence

    When you’re pre-approved, the loan amount, duration and interest rate are all confirmed

  • Tailored to you

    When you know what you’ll be able to borrow and how much it will cost, you can choose a loan that’s right for you 

  • You’re in safe hands

    This helps protect your credit score as you're less likely to be rejected when you apply

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

Even if you’ve struggled with debts in the past and have a low credit score it should still be possible to find a £1,000 loan. But you may be offered:

  • Higher interest rates or APR

  • A smaller loan amount

There are specialist lenders who offer loans to those with a less than perfect credit history. But for a £1000 loan for poor credit expect to pay higher interest rates.

Representative 29.9% APR


Why compare loans for £1,000 with MoneySuperMarket

We’re here to help you find the right small loan for your needs

  • It’s quick and easy

    We’ll ask you a few questions about yourself and what you need the debt consolidation loan for. Then we’ll carry out a ‘soft search’ which won’t hurt your credit score.

  • Compare at a glance

    You see the key information upfront straightaway, such as the interest rate and monthly repayment amounts, so you can easily compare £1,000 loans.

  • Protect your credit score

    Good news: when you compare loans with MoneySuperMarket, you don't have to worry about hurting your credit score as we'll only carry out a soft search.

What type of loan can I get?

There are different types of loan available when you want to borrow £1,000. These include:

  • Unsecured personal loans

    You don’t need to put any assets down as security and rates can be competitive, but you may need a good credit score to be eligible  

  • Guarantor loans

    You’ll need a friend or family member (guarantor) to be jointly liable for your loan. An option if your credit rating is low 

  • Payday loans

    Designed for short-term cash shortages and often known as emergency loans. Tread with caution as rates and fees can be high

How to compare £1,000 loans with MoneySuperMarket

Find the right loan for you and see which rates you’ll be guaranteed to get.

  • It doesn’t take long

    Tell us a little about yourself, your finances and the loan you want

  • We’ll browse the market

    We’ll search through loans from a wide range of lenders on the market

  • Choose your loan

    You’ll be able to sort loans by the overall cost and the likelihood you’ll be accepted

APR or Annual Percentage Rate is the interest rate at which you pay back money you’ve borrowed. It takes into account the actual interest rate you pay, plus any other fees or charges involved in the deal, to give you a more complete picture of what your loan will cost.

When you see a rate advertised as the representative APR, this means the lender is required to offer this rate to at least 51% of applicants – however it doesn’t mean you’re guaranteed to receive this interest rate yourself. You could be offered a higher or lower interest rate than those advertised. The APR you’ll be offered by a lender will be primarily based on your financial circumstances and your credit score.

A soft-search or soft-application is a way of finding out where you stand in terms of getting a loan without leaving a mark on your credit report. It’s a useful way of finding a loan you’ll be eligible for without harming your chances of being accepted.

Once you’ve been approved for a loan, depending on your lender, you could receive the funds into your bank account very quickly – this could be the next day, for example, or within the next week or two. If you’ve applied by phone or post it may take slightly longer. Things can also take a bit longer if your application or your financial circumstances are more complicated. 

Typically most lenders will allow you to pay off part or all of your loan early, although there may be an early repayment charge. It’s best to check what this charge might be before you apply for the loan – if you think you may want to redeem early.

Missing loan repayments can mean extra charges and interest will be applied by your lender – this could increase your debt burden and it could also have a negative effect on your credit score. If you’re struggling or you know you might not be able to afford your repayments speak to your lender immediately to explain the situation and work out a solution.

It is possible to get a £1,000 loan without a guarantor if you meet the lender’s criteria. But in some cases, if you have a history of bad credit, the interest rates offered may be quite high. A guarantor loan is an option to consider for those who need a loan but have poor credit.

You can search and compare different loan deals on MoneySuperMarket and it will not affect your credit score in any way. But once you make a formal application for any loan in the UK the lender will do a credit check. This is to safeguard that the loan is suitable for you and affordable.

You work hard to earn your money, and we don’t think you should waste a penny of it paying over the odds on your household bills. That’s why at MoneySuperMarket, we’re on a mission to save Britain money.

  • Whip your credit score into shape with Credit Monitor

  • Super save over and over again with Energy Monitor

  • There are always more ways to save with MoneySuperMarket 

So how do we make our money? In a nutshell, when you use us to buy something, we get a reward from the company you’re buying from.

You might be wondering if we work with all the companies in the market, or if our commercial relationships with our partners might make us feature one company above another. We’ve got nothing to hide, and we want to give you clear answers when it comes to questions like these, so we’ve pulled together everything you need to know on this page.

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