£1000 Loan

Borrow a £1,000 loan and get the money into your bank account today. Fair to poor credit history accepted. Easy repayment terms.
Apply now for £1000
Representative example: borrow £700 for 6 months. 1st monthly repayment of £168.45, 4 monthly repayments of £224.60, last monthly repayment of £112.20. Total repayment £1,179.05. Interest rate p.a. (fixed) 185.39%. Representative APR 611.74%. All our loans are available for 3 to 9 months - rates between 295.58% APR and a maximum APR of 1294%.

Do you need to borrow a £1,000 loan to help cover an emergency or an unexpected bill? Don’t worry. You have come to the right place. At The Cashfloat Team, we are busy funding our customers daily, and as soon as we have approved your loan request and you have signed the consumer credit agreement, we can fund you too!

2,367 people
have already borrowed
£1000 loans
from Cashfloat.

Whether you need to borrow money for an emergency expense or car maintenance, Cashfloat can get you the cash you need fast. All you need to do is apply here, and you’ll get an instant decision.

Bad credit accepted if you pass our affordability test
Repay early for free and save money
Easy online application, accessible 24/7
Apply now for £1000

Does Cashfloat Offer £1000 loans for bad credit with no guarantor?

Yes! All of Cashfloat’s loans are unsecured, so you can get a £1000 loan or even a £2000 loan with no guarantor even if you have poor credit. Many lenders will ask for a guarantor if you apply for a £1000 loan with a bad credit score to lower the risk of lending to you. At Cashfloat, however, we believe in our customers’ creditworthiness, so we’ll never ask you for a guarantor to secure your very bad credit loans.

Can I get a £1000 loan with poor credit?

Yes! Cashfloat offers £1,000 loans with a poor credit rating. Our underwriting process emphasises affordability over your credit rating. So if you show us you can afford a loan in your budget, you have a great chance of approval. This is true even if you have a bad credit score. In order to qualify for a 1000 pound loan with bad credit from Cashfloat, you need:

  • To be 18+ years old
  • To be a UK resident
  • A steady source of income
  • To be a UK bank account holder

If you meet these basic eligibility criteria for our payday loans, and you feel that borrowing a £1000 loan with a bad credit rating is the right option for you, then fill out our application to get the emergency funds you need today!

Why borrow a 1000 pound loan from a direct lender?

Applications with direct lenders are generally processed quicker than with brokers, which means you’ll probably receive your loan faster. Additionally, when applying with a direct lender, you can control who has access to your personal information. In contrast, an authorised credit broker often has to send your application to several different lenders. Also, direct lenders such as Cashfloat offer transparent terms and no hidden fees, while a credit broker often tacks on service fees.

Can I borrow £1000 with no credit check?

Not with Cashfloat or any other responsible lender. We will always take responsibility for your financial situation, and need to confirm that you can afford loan repayment terms before approving a loan. Taking out a loan you cannot afford will leave your financial situation badly damaged.

58% of people who borrow £1000 loans are Male
60% of people who borrow £1000 loans are Single
Average age for people who borrow a £1000 loan is 35 years old
Most common job fields for people who borrow £1000 loans are Sales, Customer Service and Warehouse
Top 3 cities where people borrow £1000 loans: London, Birmingham and Manchester
People who borrow £1000 loans earn an average of £2,230 a month

Can I get a £1000 loan at low interest rates with Cashfloat?

Short term loans are always charged at high interest rates. If you’re looking for a cheaper option, have a look at our small personal loans, available in amounts between £1000 and £2500 for 6-9 months at lower interest rates.

Note: We always recommend you to compare short term loans online before applying, to ensure that you get the best loan offer.

Over how many months can I get a 1000 pound loan?

With Cashfloat, you can borrow £1000 over 6 – 9 months. As with any loan, each monthly repayment includes some interest on the amount borrowed. A big benefit of borrowing from Cashfloat is that you can repay early for no extra fee and save on all that interest.

What can you use your £1,000 loan for?

How to use your money is, of course, always your decision. However, as a trustworthy and responsible lender, Cashfloat recommends using your £1,000 loan for necessary expenses. This includes things like car repairs, medical bills, unexpected bills, or home repairs. It’s important to remember that a 1000 pound loan is an expensive form of credit and requires careful budgeting to stay on top of the repayment periods and out of debt.

How much interest is charged on a £1000 payday loan?

The amount of interest charged depends on the length of time you are borrowing for. For example, a £1000 loan over 4 months costs £552.50 in total interest, while a £1000 loan over 5 months costs £622.45 in total interest. For more information on APR (annual percentage rate) and rates and terms, click here.

Can taking out a loan affect your credit score?

Taking out a loan with a direct lender or broker services will affect your credit score in some way. Often credit repair companies use taking out a loan as one of their credit building tools. If the customer repays the loan on time and shows financial accountability, the credit score may improve. However, if the customer has problems making the repayments, it can negatively affect their credit file and eventually affect the credit history.

What kind of credit check does Cashfloat perform on its applicants?

Since we are regulated by the financial conduct authority and are on the financial services register, we perform a hard credit search on all applicants. We do this also to protect our customers from taking out online loans they can not afford. We do not believe a soft credit check gives us enough information to decide whether or not we should lend money to customers. Despite all this, we are not looking for the perfect credit score or perfect credit history when approving applicants. We fund those with a bad credit history as well.

Can I apply for other loan amounts with Cashfloat?

You can apply for Cashfloat’s direct lender payday loans which range from £300 up to £1,000. We also offer another range of loans which are larger than £1,000. You can apply for a personal loan up to £2,500.

What should I do if I am having trouble making the loan repayments?

We understand that sometimes personal circumstances can change, and you may be having a financially hard time during the repayment period. We recommend you contact your loan provider straight away and explain the problem to them. Most lenders will be accommodating, and together you should come to an agreement that will suit both you and the lender.

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