£1000 Loans.

How to get a 1000 pound loan

Sometimes £1,000 is all it takes to sort things out. Whether it’s a car repair, an urgent household bill, or a cost you didn’t see coming, having access to that amount quickly and without hassle makes all the difference.

New Horizons searches over 50 FCA-authorised lenders to help find you a 1000 loan matched to your circumstances, with no fees and no impact on your credit score.

As a credit broker established in 2017, we don’t lend money directly. Instead, we do the searching so you don’t have to. One short application, an instant decision, and if approved, funds can be in your account within 15 minutes.

You don’t need a perfect credit history to apply. We work with lenders who consider a range of credit histories. If you’ve been turned down elsewhere, it doesn’t mean you’re out of options.

How a £1,000 loan works at New Horizons

Applying for a 1000 pound loan through New Horizons is straightforward. The whole process is designed to be quick, transparent, and pressure-free.

Here’s how it works:

1. Complete our short online form with your personal and financial details
2. We run a Soft Credit Match across our panel of over 50 FCA-authorised lenders
3. If matched, you see your loan options in minutes, with no impact on your credit score
4. If matched, choose the offer that works for you, or walk away with no obligation
5. If you accept an offer, the lender will complete a full affordability check
6. If approved, funds can be in your account within 15 minutes

Our Soft Credit Match technology means your initial search is invisible to other lenders and won’t affect your credit score. Only if you accept a loan offer will the lender carry out a full credit check.

The application takes around three minutes, and the service is available 24 hours a day, seven days a week. There’s no paperwork to post and no phone calls to make.

What you need to know

Why use us?

How much can new customers borrow?

Up to £5,000

No fees, ever!

What are the repayment terms?

3 to 36 Months

No paperwork

Representative APR

49.9% (variable)

No obligation quote

Can I apply with bad credit?

Yes

Instant decision

Can I repay in instalments

Yes

Flexible repayment

Do lenders credit check?

Yes

We only soft-search

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

Yes. A low credit score doesn’t automatically rule you out of borrowing £1,000. Many of the lenders in our panel specialise in working with people who have less-than-perfect credit histories.

We work with lenders who look at your current financial situation, not just your credit score. Whether you’ve had a default, a CCJ, missed payments, or simply have a thin credit file, there may still be options available to you.

This is one of the main advantages of using a broker rather than approaching a single lender. If one lender says no, our technology can automatically check your eligibility with others. You don’t need to fill in multiple applications or worry about repeated hard credit checks damaging your score.

If your credit history is a concern, you might also find our guide on how to fix a bad credit score fast helpful for improving your position over time. And our loans for bad credit page goes into more detail about how our lender matching works for people with credit difficulties.

What can I use a £1,000 loan for?

You can use a 1000 loan for almost any personal purpose. Lenders typically only restrict borrowing for business use or illegal activity.

Common reasons people borrow £1,000 include:

• Car repairs or MOT costs
• Boiler replacement or home repairs
• Medical or dental bills
• Moving costs, deposits, or rent shortfalls
• Consolidating smaller debts into one manageable payment
• Covering an unexpected bill or emergency expense

If you’re considering using a £1,000 loan to pay off other debts, think carefully about the total cost. Spreading repayments over a longer term may reduce your monthly outgoings, but it could mean paying more in interest overall. For guidance on managing existing debts, take a look at our tips on how to get out of debt.

Eligibility requirements for a £1,000 loan

To apply for a loan for 1000 through New Horizons, you’ll need to meet some basic requirements:

• Be at least 18 years old
• Be a UK resident
• Have a regular source of income (employment, self-employment, pension, or certain benefits)
• Have a UK bank account with a debit card
• Provide accurate personal and financial information

You don’t need a perfect credit score to apply, and checking your eligibility won’t leave any mark on your credit file.

Each lender on our panel has their own specific criteria, which is why using a broker gives you a better chance of finding a match. Some lenders accept applicants on disability benefits, while others work specifically with self-employed borrowers. Our Soft Credit Match searches for the right fit automatically.

If you’ve been refused a loan elsewhere, that doesn’t necessarily mean you’ll be turned down here. Different lenders use different criteria, and our panel of over 50 gives you significantly more options than approaching a single lender directly.

Understanding the costs of a £1,000 loan

Transparency about costs is important. Before accepting any loan offer, you should understand exactly what you’ll repay.

New Horizons’ representative APR is 49.9%, which is significantly lower than many competitors in this space. For context, some direct lenders charge representative APRs of 280% or higher for similar loan amounts.

Here’s a representative example of what borrowing could look like:

Representative example: Amount of credit: £1,200 for 18 months at £95.44 per month. Total amount repayable: £1,717.83. Interest: £517.83. Interest rate: 49% pa (fixed). Representative 49.9% APR.

The rate you’re offered will depend on your individual circumstances. Rates through our lender panel range from 9.3% APR to a maximum of 1,721% APR. Borrowers with stronger credit profiles will typically receive lower rates.

New Horizons never charges any fees to customers. Our service is completely free to use. We’re paid by lenders when a successful match is made, so there’s no cost to you whether you’re approved, declined, or simply decide not to proceed.

This is worth noting because some competitors charge administration fees. For example, one direct lender adds a 6% admin fee on top of the loan amount, which on a £1,000 loan would cost you an extra £60 before you’ve even started repaying.

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

£1,000 loan repayment options

Repayment terms for a £1,000 loan range from 3 to 36 months through our lender panel. The right term for you depends on your budget and how quickly you want to clear the balance.

Shorter repayment terms mean higher monthly payments but less interest overall. Longer terms reduce your monthly outgoings but increase the total cost of borrowing.

Here’s a general guide to how repayment terms affect your costs:

• 3 to 6 months: higher monthly payments, lowest total interest
• 6 to 12 months: a balanced middle ground for most borrowers
• 12 to 36 months: lower monthly payments, but more interest paid overall

If matched, your lender shows you the exact monthly repayment, total cost, and interest rate before you commit to anything. You’re under no obligation to accept any offer, and you can compare options before making a decision.

If you’re not sure a full £1,000 is necessary, borrowing less is always a sensible approach. We also offer £500 loans and £700 loans through the same quick process. Only borrow what you need and can comfortably repay.

Why choose New Horizons for your £1,000 loan

There are plenty of places to look for a 1000 pound loan online, so what makes New Horizons different?

We were built after the worst practices of the loans industry became widely condemned. Ethical practice isn’t something we’ve added on; it’s in our DNA.

Here’s what sets us apart:

• Over 50 FCA-authorised lenders searched in one application
• Soft Credit Match technology that won’t affect your credit score
• No fees from New Horizons, ever
• Instant decisions with funds possible within 15 minutes of approval
• Feefo Gold Trusted Service rating from verified customer reviews
• Available 24/7, including weekends and bank holidays

Our Customer Promise backs this up with three firm commitments: we never sell your data, we never contact you to sell other products, and we never give consent to other companies to contact you.

These aren’t just words. They directly address the practices that gave parts of the loans industry a bad reputation: data selling, inbox spam, and aggressive follow-up calls. At New Horizons, none of that happens.

Alternatives to a £1,000 loan

Borrowing isn’t always the right answer. Before committing to a loan for 1000, it’s worth considering whether other options might work better for your situation.

• Credit unions often offer smaller loans at lower interest rates to their members
• Your bank may offer an arranged overdraft or credit card with a lower APR
• If the expense can wait, saving up over a few months avoids interest costs entirely
• Some employers offer salary advances or employee loan schemes
• Payment plans with the company you owe may spread the cost without interest

If you’re struggling with existing debts and considering borrowing more to cover them, free debt advice is available. MoneyHelper offers impartial guidance, and charities like StepChange and Citizens Advice can help you explore all your options.

If you do decide a loan is the right choice, we’re here to help you find the best match. If you need a larger amount, we also offer £1,500 loans and £2,000 loans up to a maximum of £5,000.

How quickly can I get a £1,000 loan?

If approved, you can receive your £1,000 the same day you apply. Many of our partner lenders can transfer funds within 15 minutes of final approval.

The speed of the process breaks down like this:

1. Application form: approximately 3 minutes
2. Soft Credit Match and results: instant
3. Lender review and final approval: varies, but often same day
4. Funds transferred: within 15 minutes of approval for most lenders

The exact time funds reach your account depends on your bank’s processing times. Some banks credit payments almost immediately, while others may take a few hours. Applying earlier in the day generally means faster receipt of funds.

If speed is your top priority, our same day loans and quick loans pages explain the process in more detail.

Is a £1,000 loan right for you?

Before applying, it’s worth asking yourself a few straightforward questions:

• Can I comfortably afford the monthly repayments alongside my existing commitments?
• Have I considered all alternatives, including non-borrowing options?
• Am I borrowing for a genuine need, or is this something that could wait?
• Do I understand the total cost, including interest, before I commit?

Responsible borrowing means only taking on what you can afford to repay. If you’re unsure, checking your eligibility with us costs nothing and has no impact on your credit score. You can see what’s available, review the terms, and decide in your own time.

Frequently asked questions about £1,000 loans

How much will a 1000 loan cost me per month?

Your monthly repayment depends on the interest rate offered by the lender and the repayment term you choose. For example, a £1,000 loan over 12 months will have higher monthly payments than the same amount over 24 months, but you’ll pay less interest overall. If matched, your lender shows you the exact figures before you commit.

Will applying for a £1,000 loan affect my credit score?

No. Your initial application uses our Soft Credit Match, which is invisible to other lenders and has no impact on your credit score. Only if you choose to accept a loan offer will the lender carry out a hard credit check, which will be visible on your credit file.

Can I get a 1000 pound loan with no guarantor?

Yes. None of the loans offered through our panel require a guarantor. All applications are assessed individually based on your own financial circumstances. For more detail, see our no guarantor loans page.

What happens if I can’t make a repayment?

Contact your lender immediately if you think you’ll miss a payment. Most lenders would rather work with you to find a solution than escalate the issue. Late payment fees vary by lender, typically ranging from £1 to £100. If payment difficulties continue unresolved, it could affect your credit record, and the lender may involve a collections agency.

Can I pay off my £1,000 loan early?

In most cases, yes. Many lenders allow early repayment, which can save you money on interest. Check the specific terms of your loan agreement, as some lenders may charge a small early settlement fee. If you accept, the lender provides full details before you sign anything.

Does New Horizons charge any fees?

No. New Horizons does not charge customers a fee for using its services. Our service is completely free to you. We receive a commission from lenders when a successful match leads to a loan agreement, but this doesn’t affect the rate you’re offered or the amount you repay.

How is New Horizons different from a direct lender?

New Horizons is a credit broker, not a lender. This means we search across our panel of over 50 FCA-authorised lenders to help find you the best match. A direct lender can only offer their own products at their own rates. Using a broker gives you access to a wider range of options from a single application.

Can I borrow £1,000 if I’m on benefits?

You may be eligible if you have a regular income from benefits. Several lenders in our panel accept applicants who receive benefits such as Universal Credit, disability benefits, or pension credits. Each lender has their own criteria, and our Soft Credit Match can identify which lenders may work with your circumstances. Visit our loans for people on benefits page for more information.

What if I only need to borrow less than £1,000?

You can apply for any amount from £50 upwards. Borrowing only what you need is always the sensible approach. If a smaller amount covers your costs, consider a £500 loan or even a £100 loan to keep your borrowing costs down.

Is my personal data safe with New Horizons?

Yes. We never sell your data, and we never share your details with third parties for marketing purposes. New Horizons is licensed by the Information Commissioner’s Office (registration number ZA496853) and uses the latest security measures to keep your information encrypted and protected.

Can I get a £1,000 loan if I’m self-employed?

Yes, self-employed applicants can apply. You’ll need to demonstrate a regular income. Some lenders on our panel specialise in working with self-employed borrowers, and our matching technology can help find the right fit for your situation.

What’s the maximum repayment term for a £1,000 loan?

You can repay over 3 to 36 months, depending on the lender. Shorter terms mean you’ll pay less interest overall. Longer terms reduce monthly payments but increase the total cost. If matched, your lender shows you all available options so you can choose what fits your budget.

Can I apply for a £1,000 loan outside of business hours?

Yes. Our online application is available 24 hours a day, 7 days a week. You can apply at any time, including evenings, weekends, and bank holidays. Many lenders in our panel also process applications around the clock.

What documents do I need to apply?

You won’t need to post any documents. The application is entirely online. You’ll need your personal details, employment information, income and expenditure figures, and your bank details. The whole form takes around three minutes to complete.