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1Plus1 Personal Loans Overview

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The table below presents relevant details about 1Plus1 personal loan options. 1Plus1 offers a guarantor loan, which means you need to have someone to be your guarantor and co-sign the loan with you to get approved.

How much will a 1Plus1 loan cost? Use the 1 Plus 1 personal loan calculator below to get estimates for your monthly repayments based on the amount you have in mind and the terms you prefer to repay your loans.

Terms from 1 to 10 years. Representative example: 5 year £10,000 loan with comparison rates from 2.8% to 49.9% APR would cost between £10,728 and £27,321, including fees. The interest can vary between £728 and £17,321.

1 Plus 1 personal loans review

1Plus1 Loans is a direct lender that provides guarantor loans at an affordable rate. They do not rely on credit scoring, giving fair chances to those with good credit history and those with bad ones, and those who do not have credit records yet.

1 Plus 1 loan features

Thinking of applying for a 1Plus1 guarantor loan? Here are the key features and benefits to expect:

  • Loan amount and terms. Borrow £1,000 – £10,000 over terms between 12 and 60 months, with a maximum APR of 49%.
  • All borrowers get a chance. You can get a loan regardless of your credit history.
  • Fast application and payout. Loan application is done online and you can receive the money the same day after completing the process.
  • Fixed repayments. Repayments will be the same and will not go up during the whole loan term

How to apply for a 1 Plus 1 personal loan?

Check that you’re eligible:

To qualify, you must:

  • Not be in bankruptcy or have an individual voluntary arrangement (IVA)
  • Have a guarantor which can be your parents, grandparents, siblings, extended family member, or friends.

Guarantors must be:

  • Aged 18 to 80 and is a homeowner or at least 21 if not a homeowner
  • A UK resident (excludes Isle of Man and Channel Islands)
  • Have a UK bank account and debit card
  • Have a good credit history
  • Able to afford repayments should the borrower fail to pay
  • Not be the borrower’s spouse

What you’ll need:

Other than your guarantor and your personal and contact information like phone number and email address, you should also prepare the following when applying:

  • Guarantor’s bank account details
  • Valid IDs

 

1Plus1 personal loan calculator

Provider
Product Information
EST Monthly
Repayment
Interest
Rate
Repayment
Period
Loan
Amounts
Sort loans by

Loan Amount

£5,000

Term

3 months

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1Plus1 Loans

1Plus1 Guarantor Loans

1Plus1 Guarantor Loans
EST Monthly Repayment
£240 Inclusive of fees
EST Monthly Repayment
39.70%
APR
EST Monthly Repayment
12 months
to 36 months
EST Monthly Repayment
£1,000
to £10,000
Go to site
Whether you have a bad credit rating or a great one, we're 1+1 are here for you.
Featured
Nationwide

Nationwide personal loans (7,500 - 25,000)

EST Monthly Repayment
£145 Inclusive of fees
Interest Rate
2.90%
APR
Repayment Period
12 months
to 60 months
Loan Amounts
£7,500
to £25,000
Go to site
Paying off your debt using a Nationwide loan could give you the chance to take control of your finances.
Featured
Santander

Santander personal loans for £7,500-£15,000

EST Monthly Repayment
£145 Inclusive of fees
Interest Rate
3.00%
APR
Repayment Period
12 months
to 60 months
Loan Amounts
£7,500
to £15,000
Go to site
You are eligible if you’re 21 or over and live in the UK permanently, you have a regular yearly income of £6,000+, you are able to make your repayments by Direct Debit, and you haven’t been declared bankrupt, had a CCJ or an IVA within the last 6 years. All credit is subject to status and credit checks.
Featured
HSBC

HSBC personal loans (15,000 - 25,000)

EST Monthly Repayment
£147 Inclusive of fees
Interest Rate
3.90%
APR
Repayment Period
12 months
to 96 months
Loan Amounts
£15,000
to £25,000
Go to site
Make your plans a reality with a personal loan with fixed monthly payments, an instant credit decision, quick access to funds and no arrangement fee.
Featured
Barclays

Barclays personal loans (15,000 - 24,999)

EST Monthly Repayment
£154 Inclusive of fees
Interest Rate
6.80%
APR
Repayment Period
24 months
to 60 months
Loan Amounts
£15,000
to £24,999
Go to site
When it comes to putting your plans into action, it’s personal. And with a personalised loan just a few clicks away, getting things moving could be simpler than you think. Get your loan rate before you apply – without it affecting your credit score.

BestLoanRates.co.uk provides factual information in relation to financial products. While BestLoanRates.co.uk attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and, to the best of our knowledge, is correct at the time of publishing. The information published on BestLoanRates.co.uk is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product, you will be dealing directly with that provider and not with BestLoanRates.co.uk. BestLoanRates.co.uk recommends that you read the relevant product disclosure statement or product guide before taking up any financial product offer. For more information, please see BestLoanRates.co.uk's Terms of Use.

Minimum and maximum loan periods vary between 1 month and 10 years. APR varies between 2.80% and 71.30% p.a. Total interest repayments vary between £435 and £1,019 over the life of the loan. *APR is based on an unsecured loan of R£15,000 for a term of 3 years. WARNING: This APR is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different APR. These rates can change without further notice. All rates quoted are per annum.

1 Plus 1 Loans FAQs

What is a 1Plus1 Guarantor Loan and how does it work?

A 1Plus1 guarantor loan is a type of loan where someone, commonly a family or friend, will co-sign the loan with you to guarantee your loan. This is to ensure lenders that you can pay for your loan, and should you not be able to, someone can repay it for you.

With a guarantor, you will not need to build credit to get a loan. And if you can repay your loan on time consistently, it can even help you start building a good credit history.

What are the risks of being a guarantor?

Becoming a guarantor means someone is taking a loan on your behalf. Should the borrower fail to repay their loan on time, it will be the guarantor’s responsibility.

If you are thinking of becoming a guarantor, be sure that you are confident with the person you are guaranteeing for.

How can I apply for a 1Plus1 Loan?

First, You can go to the 1Plus1 Loans website, sign up and sign the pre-contract agreement. You will receive an e-mail and SMS with a link to the contract for your guarantor. You will need to send this to them by text message or email for them to sign.

If you are a guarantor, have the borrower sign up to 1Plus1 and wait for them to send you the link for signing up to 1Plus1 and the contract. Read through the pre-credit information and sign it. Wait for 1Plus1 Loans to contact you for a verbal agreement.

Afterward, the money will be sent to the guarantor’s bank account for them to pass to the borrower.

Learn more about 1 Plus 1 application process in this video

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Bestloanrates.co.uk provides factual information in relation to financial products. While Bestloanrates.co.uk attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the produc provider or publicly available information and to the best of our knowledge is correct at the time of publishing. The information published on Bestloanrates.co.uk is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product you will be dealing directly with that provider and not with Bestloanrates.co.uk. Bestloanrates.co.uk recommends that you read the relevant product disclosure statement or product guide before taking up any financial product offer. For more information please see Bestloanrates.co.uk’s Terms of Use and Services Guide.

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