£1000 Loan

Looking for a £1000 Loan?

Create your loan

Borrow
APR
Monthly repayment
Total repayable
Repaid over

Example is indicative of repayments starting on the

Signed agreements are usually paid out within 3 hours.

Minimum repayment period

Representative Example

Loan repayable over 18 Months
£1000.00
Rate of interest
59.97% p.a. (fixed)
17 Months at
£86.95
Representative
79.5% APR
Final payment
£86.95
Total amount repayable
£1565.10
Rate of interest
59.97% p.a. (fixed)
Representative
79.5% APR
Total amount repayable
£1565.10

Women studies letter on finances

£1000 Loan

  • Get a £1000 loan hassle-free, even with a low credit score
  • Quick loan approval
  • Transparent and simple application process
  • No credit checks
  • Free early payment options
  • No hidden fees
  • Reliable customer support

What People Say About Us

Reasons To Choose a £1000 Loan

Are you looking for a £1,000 loan to address an urgent payment? If you’re struggling to manage unexpected financial obligations, choose Salad Money for a quick and convenient loan, with no hidden terms or fees.

As a leading UK online lender, we offer fair and affordable loan options for all financial emergencies.

Our More Than Your Score loans are designed to help lighten the load when you need it most to help you tackle life’s unexpected expenses. Offering greater flexibility, and 12 to 18 months repayment options, our loans allow you to deal with your urgent expenses and repay your loan comfortably.

With no early repayment fees, if you want to repay your loan sooner, you can do easily.

If you’re struggling with unexpected financial obligations, know that you’re not alone.

Our £1,000 loan is easy to apply for and involves no credit score check, Salad Money supports thousands of people that need cash fast. Using Open Banking software to accurately assess your loan affordability, we provide the funds you need quickly, typically within 4 hours of loan approval.

To learn more about our £1,000 loan, get in touch with us today.

What is a £1,000 Loan?

A £1,000 loan is a small, short-term loan to provide quick financial relief when you’re facing urgent expenses. This type of loan allows you to borrow £1,000 upfront and repay it over an agreed-upon period. At Salad Money, this can be either 12 or 18 months.

Our loans are designed to relieve financial pressure, ensuring you have the support you need for urgent bills whilst helping you maintain control over your financial situation.

Salad Money’s £1,000 loans enable you to deal with unexpected bills for those times when you don’t have savings to dip into. Using an Open Banking based affordability assessment, we support you in providing the funds you need quickly, regardless of your credit score.

Couple looking at screen

How Our £1,000 Loan Works

The process of getting a £1,000 loan is quick, simple, and easy compared to a traditional loan. Our short and hassle-free application process means that our £1,000 loans have a fast turnaround time, allowing you to quickly access credit when you need it the most.

Simply fill out our digital application form, providing us with details of your income, expenditures, bills, and repayments, so we can fairly assess your application, typically within hours of receiving it.

Once you’re approved, we’ll provide you with the terms and conditions of the £1,000 loan, along with your loan interest rate and repayment period. If you accept the terms, we’ll transfer the funds directly into your bank account, usually within four hours.

Pros and Cons of £1,000 Loans

Borrowing a £1,000 loan can help you out in many ways. However, as with any financial product, there are some drawbacks to be aware of as well.

To make an informed decision, you need to carefully consider both the pros and cons before you take out a loan:

Advantages of £1,000 Loans

  • Easy to Access: A £1,000 loan gives you near-immediate access to funds to help tackle any urgent financial problems, offering quick support to anyone in employment struggling with their finances. This fast application process and swift fund transfer make £1,000 loans an effective solution when you need it.
  • Quick Approval Process: Offering quicker approval rates, our £1,000 loans are typically available within hours, with funds directly transferred to your bank account. This allows you to take care of time-sensitive expenses effectively, regardless of your credit score.
  • Flexibility: Our loans offer great flexibility regardless of what you need to spend it on. Whether it’s a last minute car repair or higher-than-usual utility bill we support you in accessing the money you need.
  • Can Improve Your Credit Score: If your credit score isn’t as high as you’d like and you’re struggling to get credit elsewhere, a £1,000 loan can be a tool that can also help you improve your credit score. By ensuring you repay your loan on time, you’re proving your financial responsibility, which can increase your creditworthiness over time.
  • Consolidate Other Debts: If you’re struggling to manage several other higher interest debts, you could use a £1,000 loan to help consolidate them. As a result, our loans can help you rebuild your credit history and take back control of your finances.

Disadvantages of £1,000 Loans

  • High Interest Rates: A £1,000 loan often comes with some strings attached, such as higher interest rates compared to traditional lenders, making them more expensive. Compared to our peers, we offer £1,000 loans with fair interest rates and no additional fees, even if you repay early.
  • Short Repayment Period: With most other lenders expecting repayment within a month, it can be incredibly challenging to manage for borrowers, leading to a cycle of debt. We offer fair lending, giving greater repayment flexibility to reduce your payment burden. With 12 and 18-month payment terms, we take the stress out of borrowing.

Frequently Asked Questions

To apply for a Salad Money loan you must be 18 or above, be in employment earning £1,500 or more a month and have a UK bank account. Whilst these are the basic eligibility requirements to apply with us, these may vary for different lenders.

After approving your loan, we typically deposit your funds into your account within 4 hours. Our quick approval process provides you with the cash you need when you need it.

Yes, you can. We believe that everyone deserves access to affordable loans, regardless of their credit score. That’s why we created our “More Than Your Score” loans. With our loans, we evaluate your loan affordability based on your income and spending, without checking your credit score.

No, at Salad Money there are no hidden fees. If you take out a loan from any reputable and trustworthy lender, you shouldn’t be hit with hidden fees. We maintain complete transparency and ensure you understand all the terms and conditions before depositing your loan.

A £1,000 loan provides access to a fixed sum of money with certain repayment terms, making it more predictable compared to other forms of credit such as a credit card. It serves as a reliable option for one-time expenses and can help you handle urgent financial matters quickly. However, it’s important you understand all your options before applying for a loan to ensure it’s the right option for you.

Typically, the repayment period of a £1,000 loan can range from between a few months to a year. At Salad Money we offer flexible repayment options of either 12 or 18 months to give you the breathing space you need to get on top of your finances.

Why Choose Salad Money?

If you’re considering a £1,000 loan, it’s essential to evaluate all your options and choose a lender that’s fair and flexible. Choosing Salad Money for your loan can help you reduce your financial stress and lead to a smooth borrowing experience.

We understand that life isn’t always fair and can surprise you when you least expect it. Everyone should be entitled to affordable credit when they need it, and you can count on us to provide fast financial solutions with no hidden repayment terms.

Our More Than Your Score loans support you with fair and affordable personal loans to all public and private sector employees who’ve been let down by the traditional credit score system.

Instead of using credit score checks, we assess your affordability with a unique Open Banking based assessment system. Our system takes multiple key factors into account instead of just your credit score. This approach allows us to offer you the best possible loan when you need it.

With quick access and easy approval, our loans allow you to manage unexpected expenses and handle urgent matters within as little as four hours.

We value the safety and privacy of our clients. That’s why we ensure regulatory compliance and closely adhere to all the Financial Conduct Authority (FCA) guidelines.

Transparent and with open communication, our terms and conditions are clear, with no room for confusion. Our team of experienced professionals is on hand to answer any queries and ensure you have the best borrowing experience.

Latest from the blog

man in bed kept awake by money stress

Money Stress Keeping You Up? 7 Tips to Help

If you’re worried about money, you’re not alone. One in three UK adults experience anxiety daily about their finances, with people from all walks of life dealing with stress and financial uncertainty.

Read More about Money Stress Keeping You Up? 7 Tips to Help Go

How To Avoid Debt Traps In A Financial Emergency

Managing your finances is often challenging, especially in a world of continuous financial pressure.

Read More about How To Avoid Debt Traps In A Financial Emergency Go
woman avoiding debt trap, looking happy on phone
couple borrowing smarter on phone

7 Steps to Smarter Borrowing

Borrowing and repaying money can be a major part of managing your finances, but it can quickly become overwhelming if you find yourself with more debt than savings.

Read More about 7 Steps to Smarter Borrowing Go
Salad Money are:
Also featured in: