1 Plus 1 Loans £500 to £10,000

One Plus One's online reviews from Feefo.com

Update: due to Corona Virus, 1 + 1 is pausing lending to new customers, click Get Quotes to find the lenders who're still active.

Updated by Jon Edward at

Recent reviews for 1 Plus 1

4.7 / 5 from 529 online reviews

1 Plus 1 has received a good number of reviews on feefo.com. In the last year their reviews are broken down as below:

  • 5 out of 5: 70
  • 4 out of 5: 9
  • 3 out of 5: 1
  • 2 out of 5: 0
  • 1 out of 5: 3

Based on 83 reviews over the last year

1 + 1 Loans were founded in 2013 at a time

when they could see that borrowing money at an affordable price was becoming a difficult prospect for those who needed it most.

They base eligibility on creditworthiness, affordability and friends and family rather than credit ratings.

They aim to make the application process as pain-free as possible and have efficient payout times, with most customers having the money appear in their account the same day they apply.

Loans from £500 - £10,000
Term 12 - 60 months
APR 47.8% representative
See representative example
Rating 69.2 / 100
Time to Apply 2 min 48 secs

Customer Reviews

4.7 out of 5 from 529 online reviews

Read Reviews

Loan Highlights

Borrowers do not need to have a good credit history

Guarantors do not have to be homeowners

Loans of up to £10,000 are available

Loan can be repaid in full at any time

More features

Minimum Criteria

Must be aged 18 or over

Cannot have a history of bankruptcy or any active IVAs, CCJs etc

Guarantor must be aged between 18 and 75

Guarantor must be able to demonstrate a good credit history

Fees

Maximum APR 47.8%

Arrangement fee: £0

Early repayment fee: £0

Late payment fee: £15

Frequently asked questions

1

How long does it take to get a 1+1 loan?

They say the money could be in your bank account today 😀

With our guarantor loans, the money could be in your bank account today, if we get you approved before 3pm

To achieve this you will need to have all the details they require from you and your guarantor.

2

How long does it take to apply?

From our tests, it was quick, about 2 minutes and 40 seconds to fill out their online form 🏃‍♂️ 💨

3

Are there any upfront fees?

No 😀

  • 1 Plus 1 do not charge upfront fees.
  • There is zero charge for using this website.
4

Is it possible to pay the loan back early?

Yes 😉

  • You can fully pay back the loan at any time.
  • There is zero charge for doing this.

Pros and Cons

1 Plus 1 offer loans from £500 (lower than most lenders) up to £10,000, the following summarises the main features.

Pro's 👍

  • No application fees – The only additional fees relating to loans with 1 + 1 are for missed payments.
  • Competitive APR – At 47.8% the current APR is lower than the market average of 49.9%.
  • Non-homeowners accepted as guarantors – Unlike some other lenders, 1 + 1 will accept guarantors who do not own their own property.
  • Smaller loans available – With loans starting at £500 these are an affordable solution to short term financial problems.

Con's 👎

  • Guarantor – You need a guarantor, and if you stop making your monthly payment, they will need to step in.
  • Good credit rating required – Your guarantor must have a credit rating.
  • Repayments – Your guarantor will be expected to make the repayments on the loan if you are unable to do so.

The basics ✍️

  • UK Residency – All applicants and guarantors must be UK Residents
  • Age – You must be at least 18 and no more than 75 years old
  • Bank – You must have a UK bank account and a debit card.
  • Insolvent - You need to be solvent, so not in a DMP (debt management plan), IVA (Individual Voluntary Arrangement), Trust Deed (Scotland), or bankrupt
  • Parents - Parents can act as a guarantor.

1 Plus 1 provide a good loan offering; though we would always suggest looking at the other options on the market before making a final decision.

My Verdict

By Jon Edward

Rating - 62.9 / 100

  • A well-established lender in the UK market.
  • 1 + 1 have been active since 2013 and have an excellent reputation for high-quality service and fast payout times.
  • Their APRs are competitive when compared to other lenders.
  • The majority of customers have given then positive reviews.
  • Borrowers themselves do not need to demonstrate a good credit history.
  • Like other lenders, any prospective guarantor must have a good credit history if they are going to be eligible for a loan.
Apply to 1 Plus 1 Loans

Company Info

Companies House Info

FCA Registration

  • FCA Ref No 717767
  • Firm Name 1 Plus 1
  • Principal Place of Business Yates Barn, Netherley Road, Tarbock Green, Prescot, Merseyside, L35 1RG

Data Protection Info

  • Reg No Z3574423
  • Data Controller 1PLUS1 LOANS LIMITED
  • Address The Old Tannery, Eastgate, Accrington, Lancashire, BB5 6PW
  • Other Names None

1 Plus 1 Representative Example

You borrow £500. Monthly payment: £51.38. Interest and fees: £116.56. Total to repay: £616.56 47.8% APR (fixed)*
*Interest rate will vary depending on the duration of the loan. 47.8% APR is based on a 3-year loan term.