1Plus1 Loans
  • Diverse loan options
  • Products for Bad Credit
  • Same-day funding
  • Fixed monthly payments
  • Overpay without penalty
  • High customer satisfaction ratings
  • Soft-search facility available
  • High interest rates
  • No payment holidays are offered
  • No additional borrowing
  • Joint applications are unavailable

Founded in 2013, 1Plus1 Loans established itself as a direct lender, addressing the need for accessible loans among individuals with complex credit histories. Their distinctive approach to lending, prioritizing affordability over reliance, solely on credit scores, positions them as a noteworthy option for borrowers.

What is a Personal Loan?

A personal loan from 1Plus1 Loans is an unsecured type of borrowing, meaning it doesn't require collateral such as a house or car. These loans are usually guaranteed by a guarantor who commits to cover repayments if the borrower is unable to do so. 1Plus1 Loans predominantly serves individuals who may find it challenging to secure traditional loans due to their credit history. These loans can cater to various personal needs, including:

  • Debt Consolidation
  • Holidays
  • Home Improvement
  • Purchasing or Repairing a Car or Motorbike
  • Weddings
  • Paying Rent or Utility Arrears
  • Medical Expenses
  • Student Loans
  • And More

Loan Specifications

  • Loan Types: Unsecured Personal Loans
  • Loan Amounts: Ranging from £1,000 to £10,000
  • Loan Terms: 1 to 5 years
  • Interest Rates: Fixed, with a representative APR of 47.8% (Note: This may vary based on loan duration)

Who Can Apply?

To apply for a personal loan with 1Plus1 Loans, the following criteria must be met:

  • Borrower Eligibility: The borrower must be over 18 years old, a resident of the UK, and must demonstrate the ability to afford loan repayments.
  • Guarantor Requirements: The guarantor should be aged between 18 and 70, also a UK resident, possess a good credit history, and be financially stable to cover repayments if the borrower fails to do so.

Application and Repayment Process

The application and repayment process is designed to be straightforward, involving:

  1. An initial discussion to understand obligations.
  2. Financial verification using Open Banking and ONS data to ensure affordability.
  3. Swift loan approval, often disbursing funds on the same day of application.

Additional Services

  • Top-Up Loans: For customers with good repayment histories.
  •  Adaptable Solutions: Includes repayment date adjustments and loan top-ups for changing circumstances.

Why Consider 1Plus1 Loans for Your Needs?

1Plus1 Loans is a viable option, particularly for those with less-than-perfect credit histories, for reasons including:

  1. Access to guarantor loans.
  2. Focus on affordability and guarantor's financial stability over just credit scores.
  3. Transparent direct lending process.
  4. Customer-centric approach, offering personalized services.
  5. Rapid fund disbursement, often on the same day of approval.


1Plus1 Loans offers a considerate and responsible lending solution for individuals facing difficulties in securing loans due to credit challenges. Their guarantor loan system, combined with a thorough, empathetic vetting process, makes them a significant player in the financial market.

Disclaimer: This article is purely informative and should not be considered financial advice. The information provided is accurate as of January 2024. For the most current promotions and conditions, please refer to 1Plus1 Loans.

Frequently asked questions

What makes 1Plus1 Loans different from other lenders?

1Plus1 Loans stands out due to its focus on affordability rather than solely relying on credit scores. This approach makes it an ideal option for individuals with complex credit histories, as it emphasizes the borrower's current financial situation and the guarantor's stability.

Who can act as a guarantor for a 1Plus1 Loan?

A guarantor for a 1Plus1 Loan should be between 18 and 70 years old, a resident of the UK, have a good credit history, and be financially stable enough to cover repayments if the primary borrower is unable to do so.

What are the typical uses of a 1Plus1 personal loan?

1Plus1 personal loans are versatile and can be used for various purposes, including debt consolidation, home improvements, holidays, vehicle purchases or repairs, weddings, covering rent or utility arrears, medical expenses, student loans, and more.

How does the application process for a 1Plus1 Loan work?

The application process involves an initial discussion to understand the borrower's obligations, followed by financial verification using Open Banking and Office for National Statistics data to ensure affordability. If approved, the loan is often disbursed on the same day.

What are the loan amounts and terms offered by 1Plus1 Loans?

1Plus1 Loans offers unsecured personal loans ranging from £1,000 to £10,000, with loan terms extending from 1 to 5 years. The interest rates are fixed, with a representative APR of 47.8%, which may vary based on the loan duration.

Can I apply for a loan if I have a poor credit history?

Yes, 1Plus1 Loans caters specifically to individuals who may find it challenging to secure traditional loans due to their credit history, making it a suitable option for those with poor credit.

Does 1Plus1 Loans offer any additional services apart from personal loans?

Yes, for customers with good repayment histories, 1Plus1 Loans offers top-up loans. They also provide adaptable solutions like repayment date adjustments to accommodate changing financial circumstances of the borrower.

How quickly can I receive funds from 1Plus1 Loans?

1Plus1 Loans is known for its rapid fund disbursement, often releasing funds on the same day as the loan application approval, which is particularly beneficial for those in urgent need of financial assistance.

Is the interest rate on a 1Plus1 Loan fixed or variable?

The interest rate on a 1Plus1 Loan is fixed, meaning it remains constant throughout the term of the loan. This provides borrowers with the stability of knowing exactly what they need to repay each month.

What happens if the borrower cannot make a repayment?

In cases where the borrower is unable to make a repayment, the guarantor associated with the loan is responsible for covering the missed payment. This is why the financial stability and reliability of the guarantor are crucial in the loan agreement.