Borrow £1,000

You can apply to borrow a loan of £1,000 through Proper Finance, simply fill in our online application and receive a decision within minutes.

Proper Finance allows you to look for a range of financial borrowing values, all to fund a variety of different things. You can borrow under, over or precisely £1,000 to fund numerous different situations that require extra financial support.

To start your application with Proper Finance today, please click the button below. Our application process takes 5 minutes to complete, and you could receive funds within an hour of completion.

What Can I Use a £1,000 Loan For?

Our £1,000 loans can be used for a number of reasons including personal, business and emergency expenses including:

• Business expenses
• Car repairs or new car purchases
• Childcare
• Debt consolidation
• Funerals
• Holidays
• Home improvements and repairs
• Medical bills
• Pay family and friends
• Plumbing problems
• School fees
• Tax bills
• Travel expenses
• Weddings

What Are The Benefits If I Borrow £1,000? 

Our online application takes 5 minutes to complete, and you will receive a decision on this application within minutes. When applying to borrow £1,000 through Proper Finance, you can also receive funds either the very same day, or in some cases in as little as an hour, after completing our online form.

Rather than going to each lender one-by-one or queuing up at your local bank and awaiting a decision, we offer a fully online process that we will help you find the best lender and product for you across the whole of the UK market. We aim to save you time and energy, whilst helping you find the right product for you at the most competitive rates.

What Is the Criteria to Borrow £1,000?

When you borrow £1,000, you will typically need to be employed and earning a regular income in order to afford the loan repayments. Whilst having a good or fair credit score will always help your application, we have a number of options for bad credit. When applying with Proper Finance, we work with a number of secured loan lenders and you will require collateral such as your car or home in order to be eligible.

You can borrow £1,000 with no guarantor, since this is not a requirement to be eligible, however you should have a working email address, mobile phone and debit account so that you can be contactable and so your loan can be funded and your collections can be processed.

Whilst eligibility criteria may vary, some of the main requirements most lenders will ask for include the following:

• You must be over the age of 18
• You must be a UK resident 
• You must have a working phone number and email address
• You must have a working debit account 
• Own a vehicle or property in part or full to be used as collateral
• No guarantor required
• Bad credit is accepted

Can I Borrow £1,000 If I Have Bad Credit?

If you have poor or bad credit, it can sometimes be harder to be approved for a loan. However, we work with a range of lenders who are willing to look at all different types of applicants to assess what might be the best course of action for them. Even if your credit is less than perfect, you can still be considered for a loan.

You could be eligible for a secured loan which would secure the loan against your car, home or other item of value. It is important to understand that with this type of loan that you could risk losing your car, home or other item of value if you fail to make repayments. Additionally, you may be subject to a slightly higher interest rates if you have bad credit or poor credit.

Key Features of £1,000 Loans

How Do Repayments Work?

Depending on your personal financial circumstances and the agreement that you make with the lender, you could repay the full amount back in a month or set up regular payment instalments of equal amounts until the total value is paid off. There is always the option to pay back the full amount early if this is what you prefer. Early repayments may be subject to a fee.

Can I Receive the £1,000 on the Same Day I Apply?

Yes. Once approved, you can usually receive the funds within 24 hours. To speed up your loan application, you should:

• Provide true and honest information
• Have proof of income and bank statements ready (if requested)
• Have collateral in a house or car that you own and can prove ownership
• Are available by email or phone for any further questions
• Apply during the week since our lenders are more likely to respond

Why Borrow £1,000 With Proper Finance?

We want to help our customers find the best loans for them in the most cost-effective way possible. This is the reason why there are no upfront charges when filling in an application with us. Our site and resources are free to use, and our application process quick and easy to fill out.

Once you have decided the best type of loan to fit your current financial needs, you can apply for a loan simply by clicking the green “apply now” button below.