1000 Loans

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You have a number of options when it comes to £1000 loans, there are various types of loan available but they may not all be right for you.  Below is a breakdown of the four main types and what they offer.

Unsecured 1000 Loans

Probably one of the most popular types of loan, unsecured loans require no collateral and have the second lowest interest rate of the loan types listed here. Rates can be as low as 5% and as high as 16% depending on the amount you require and your credit history or current debts.

Amounts range from £500 to £50,000 and the finance can generally be arranged quickly since there is less paperwork than with a secured loan. £1000 loans being at the lower end of the available amounts can be organised within a few days.

Secured £1000 Loans

Tied to the collateral available in your house, £1000 loans secured on property are available, because of the collateral available to the lender rates are as low as just 2.5%. Again based on your credit rating, current debt commitments and the finance amount.

Generally this type of finance will take the longest to arrange as much more paperwork is involved because of the link to your home or other property.

If you’re looking for a quick £1000 loan this type of finance is probably not your best option. However if time is not that important then this offers the lowest rate.

Payday £1000 Loans

if you need a quick injection of cash due to an unforeseen expense a Payday loan may be for you. However Payday loans are a short term solution, usually to be repaid on your Payday and within a month. £1000 loans are available, funding is fast and the loan can be awarded as quickly as the next day.

Keep in mind however that the interest rates on this type of finance is in the 1000%+ area. Although this sounds quiet shocking and unreasonable at first glance it really isn’t as expensive as it may first appear.

For example a £1000 loan based on and average rate of 1286% is the equivalent of around £25 for every £100 borrowed which will see you paying back £1250.

Quick And Easier

Borrowing money from a finance company can often be a long drawn out process, when the rent is late and you have an angry landlord awaiting payment, waiting a fortnight to be approved for the £300 you need is not always a viable option.

Payday loans are one of the options available if you are unable to secure a loan from your bank or an independent lender or if you have bad credit or have been refused a loan elsewhere.

Log Book £1000 Loans

£1000 loans or more are available up to a percentage of the value of your car. For example if your car is worth £1500 you could generally secure a £1000 loan on the log book depending on the finance provider. In order to get a log book loan you are usually required to have fully paid or almost fully paid for your vehicle.

Log book loans are usually provided within a few hours or a day or so. In the the same way as payday loans they’re a quick solution to a financial problem. They differ to payday financing in the fact that there isn’t the urgency to repay the loan and the interest rates are lower because your car is used as collateral.

However the rates are still quiet high at 350% generally and this shouldn’t be considered as a long-term strategy.

Whichever £1000 loan solution you opt for Quick & Easy loans can help. We search 95% of the secured and unsecured loan market of premium and independent lenders to find the best deal for you and your particular circumstances.

You can apply for a secured or unsecured loan using the short form on the right now.

On the other hand our payday loan and log book loan lenders are leaders in their respect fields and provide the most competitive rates in the industry. You can apply here for a quick loan and here for easy log book loans.