Borrowing £1,000 Loans in London
Are you looking to borrow a £1000 loan in London?
If you require an injection of cash in an emergency, then you may be able to borrow anything up to £5,000 with Multi Month Loans. We offer short term personal loans in London from as little as £100, for periods of 1 to 24 months to help you to cover the costs of things such as bills and personal expenses.
How can I get a £1000 loan in London?
To apply for a loan, you will be required to fill out an application form with your personal details and financial information. A soft search credit check will then be performed to confirm both your details and affordability to match you with a lender who can provide a short term loan of your requirements.
You’ll then agree your monthly repayments to clear your total amount repayable in addition to any interest or fees stated in your loan term. Once this is approved by the lender, you can receive your loan in as little as 24 hours*.
Can I borrow other amounts?
We are able to offer cash loan amounts up to as much as £5,000 for periods of 1 to 24 months (2 years). While applicants are not limited to borrowing certain amounts, some of the most sort after loans from applicants include amounts of £100, £200 and £500.
Can I get a £1,000 loan with poor credit in London?
Many people worry about their bad credit history affecting their ability to take out credit. Poor credit does not necessarily mean that you are unable to borrow money. However, bad credit loans will usually have higher interest rates and may, in some cases, require you to provide a guarantor on your application.
At Multi Month Loans, it is not a requirement to provide a guarantor or to have perfect credit. Instead, we can help find bad credit loans with no guarantor.
You can check the cost of your repayments by using a loan calculator such as the one provided by the Money Advice Service.
Is it hard to get a loan in London with Multi Month Loans?
To be eligible to borrow money, all short-term lenders will require applicants to meet a specific set of criteria, as set out by the FCA. Lenders will then use this information to determine whether or not you are suitable for credit by taking into account both your affordability and creditworthiness.
Therefore, in order to be considered for an unsecured, small loan with us, you should ensure that you meet the following requirements;
- You are over 18 years of age.
- You are a resident of the UK.
- You have a valid UK bank account.
- You have a monthly income of at least £750.
Can I receive my loan today?
Our application process is designed for swiftness and efficiency when you’ve got no time to spare in an emergency, meaning you can be approved in just 15 minutes! Once your application has been approved, you could receive your money the exact same day in as little as 24 hours*.
What can I use a £1000 loan for?
There are no set of restrictions on what you can spend your loan on. However, many expenses can be covered with a personal loan of £1000, such as:
- Vehicle and car repairs
- Home and utility bills
- Rent and mortgage payments
- Emergency bills
- Personal expenses and living costs
How much will a £1000 loan cost?
Short term loans can be costly; therefore, it can be a good idea to compare rates before you go ahead and apply. This will ensure that you are not paying higher rates than you should be, you can check comparison sites or choose to use a credit broker if you wish to compare your options.
The loans we help to source at Multi Month Loans have a Representative APR of 277.6%.
Will a loan affect my credit score?
Ensuring you keep up with monthly payments on your loan, borrowing credit will not affect your credit score. However, if you fail to keep up with your repayments terms, a negative entry may be put on your credit record, negatively impacting your report and potentially hindering your chances of borrowing in the future.
Why Choose Multi Month Loans?
|Why choose us?||Multi Month Loans|
|How do I apply?||Via our online application form|
|How much can I borrow?||We offer loans of £100 – £5,000|
|For how long?||For periods of 1 to 24 months|
|How long will it take to receive my money?||From 24 hours*|
|Are there any hidden fees?||No, we charge no fees for the service we provide|
|What's the Representative APR?||277.6%|