1 Plus 1 Loans
Guarantor Loans from £500 to £10,000

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Updated by Jon Edward at
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 to £10,000
Repayment duration
12 to 60 months
APR
47.8% representative
See representative example
Lending rating
69.2 out of 100
Time to Apply
2m 48s - Average

Customer Reviews

4.9 out of 5 from 421 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

Top 3 loans by score, reviews and cost

Score

Amigo Loans82.9 / 100
George Banco72.5 / 100
Bamboo71.3 / 100

Reviews

Amigo Loans
4.7 out of 5 from 20,198 customer reviews
Bamboo
4.9 out of 5 from 4,934 customer reviews
George Banco
4.9 out of 5 from 2,811 customer reviews

Cost

UK Credit39.9%
1+1 Loans47.8%
Guarantor My Loan48.9%
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Compilation of 1 + 1's online reviews

4.9 out of 5 from 421 online reviews

1 + 1 Loans has over 400 reviews online, on feefo

  • 421 reviews
  • Excellent - 89%
  • Great - 9%
  • Average - 2%
  • Poor - 0%
  • Bad - 0%

We have compiled below a selection of these reviews, both good and bad.

My verdict of 1 + 1 Loans

By Jon Edward

Lender performance rating 62.9 out of 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 and the majority of customers have given then positive reviews.

Whilst borrowers themselves do not need to demonstrate a good credit history, as with many other lenders any prospective guarantor must have a good credit history if they are going to be eligible for a loan with 1 + 1.

Apply to 1 + 1 Loans

Loan Description

1Plus1 offer loans from £500 (lower than the majority of the other lenders) up to £10,000, a summary of the main features is as follows:

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.

Cons

  • 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.
We always recommend comparing loans and researching other lenders before applying
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Representative Example

The following is representative example of a 1 + 1 Loan

Representative 47.8% APR

Representative Example: You borrow £5000. Monthly payment: £190.63 Interest and fees: £6437.80. Total to repay: £11437.80 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.

Companies House Info

  • Co Reg No 8387053
  • Website 1plus1loans.co.uk
  • Telephone 0330 1200 313
  • Address The Old Tannery, Eastgate, Accrington, Lancashire, BB5 6PW

FCA Registration

  • FCA Ref No 717767
  • Firm Name 1 Plus 1
  • Principal Place of Business The Old Tannery, Eastgate, Accrington, Lancashire, BB5 6PW

Data Protection Info

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