1Plus1 loan calculator

Use our HSBC loan calculator to get an idea of how much you'd pay back on a fixed-rate, unsecured HSBC personal loan as a new or existing customer. Loan amounts between £1,000 and £50,000 with rates starting from 5.8%.

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1plus1 Loans

1Plus1 is a relatively small, family-run direct lender (not a broker) that received a Gold Trusted Service award from the reviews platform feefo. 1Plus1 says it will consider anyone for a loan and offers quick access to funds. Many 1Plus1 customers get the funds in their account the same day they apply.

Table: sorted by representative APR, promoted deals first
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Product Finder Score Loan amounts Loan terms Fee Repayments
1plus1 Loans logo
Finder score
Finder score
£1,000 - £5,000
1 year - 5 years
0%
£249.77 (£7,493.01 overall)
Representative Example: Representative 39.9% APR fixed. Based on a loan of £5,000 for 30 months at 39.9% p.a. Total £7,493.01 repayable at £249.77 per month.
Representative Example: Representative 39.9% APR variable. Based on a loan of £3,000 for 36 months at 39.9% p.a. Total £4,831.56 repayable at £134.21 per month.
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Finder Score for unsecured loans

To make comparing even easier we came up with the Finder Score. Speed, features and flexibility across 60+ lenders are all weighted and scaled to produce a score out of 10. The higher the score the better the lender – simple.

Read the full methodology

Please note: You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.

Late repayments can cause you serious money problems. See our debt help guides.

How do 1Plus1 loans compare against the competition?

See today's rates from across the personal loan market.

1plus1 loan rates at a glance

The 1plus1 Loans Guarantor Loan charges 39.9% APR representative on loans between £2,500 and £5,000. 1plus1 offers the unsecured personal loan with repayment terms between 1 year and 5 years, and applicants can apply to borrow from £1,000 to £5,000.

Key features of a 1Plus1 loan

Loan typeUnsecured Personal Loan
Loan amounts£1,000 to £5,000
Loan terms1 year to 5 years
Loan rate typefixed
Fee0%
Same-day funding available
Instant decisions in most cases
Soft-search facility available
Joint applications
Overpay without penalty
Concurrent loans allowed
Topping-up pays off existing loan and initiates a new loan
Repayment methodsDirect debit

APR and Representative APR explained

The Annual Percentage Rate (APR) is a summary of the yearly cost of a loan. It takes into account both interest and any unavoidable charges you'll need to pay (for example an arrangement/product fee) over the duration of a loan. Because 1plus1 Loans doesn't charge an arrangement fee, its APR comprises just the interest rate – and so they're one and the same.

However, the vast majority of lenders tailor rates (and therefore APRs) to the individual applicant. If they think you're a riskier bet, they'll offset that by offering you a higher APR. The "representative APR" (as defined by the Financial Conduct Authority) is what 1plus1 Loans gives to at least 51% of those who take out the loan. The other 49% could pay more. 1plus1 Loans must calculate APR in the same way as other lenders, and must tell you your personal APR before you sign a loan agreement.

1plus1 Loans advertises a representative APR of 39.9% on loans between £2,500 and £5,000 on the 1plus1 Loans Guarantor Loan.

What is a guarantor loan?

Rather than lending based on your credit score or your assets, guarantor loans require a second person to act as second signatory and security. This means that someone who has a better credit rating or who owns property can apply for the loan with you, so long as they agree to meet any payments you can’t. If your credit rating is low or non-existent, this can be one of your only options for securing some extra finance. Fortunately, they also count towards your future credit rating, so if you always pay on time you may find it easier to get finance through the regular lending streams next time.

Am I eligible for a 1Plus1 loan?

As long as you are not currently bankrupt or have a IVA, 1Plus1 will consider you for a loan. However there are quite a few criteria your guarantor will have to meet for your loan to be considered. They must:

  • Be 18+ or over 21 if they are not a homeowner. They must also be aged under 75 at the time the loan completes.
  • Be a resident in the UK. They can be a homeowner or a tenant with a very good credit rating. Unfortunately Channel Islands residents can’t currently act as your guarantor with 1Plus1.
  • Have a UK bank account and a valid UK debit card.
  • Not be currently bankrupt or with an IVA.
  • They must be able to meet the payment if you cannot.
  • They cannot be a spouse that lives with you, but can be a cohabiting parent.

How do I apply for a 1Plus1 loan?

  1. Go to the 1Plus1 website and fill in your details on the “Apply” page.
  2. Get your guarantor to register and receive a unique guarantor code if they are accepted.
  3. Apply the guarantor code to your loan application, and apply for a 1Plus1 loan.
  4. You’ll get a quick decision and the funds could be in your account the same day.

1Plus1 staff are available online around the clock, 7 days a week.

1Plus1 Loans Customer Reviews

1Plus1 Loans has received “excellent” reviews from customers, according to review platform Trustpilot. It currently has a rating of 4.4 out of 5, based on more than 200 reviews (updated June 2023). Some customers praised their stress-free loan application process, but others flagged issues with customer service.

Customer support

You can contact customer support on 0330 1200 313, or email info@1plus1loans.co.uk.

Frequently asked questions

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables is provided by Defaqto. In other cases, Finder has sourced data directly from providers.
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Head of publishing

Chris Lilly is Head of publishing at finder.com. He's a specialist in personal finance, from day-to-day banking to investing to borrowing, and is passionate about helping UK consumers make informed decisions about their money. In his spare time Chris likes forcing his kids to exercise more. See full bio

Chris's expertise
Chris has written 540 Finder guides across topics including:
  • Loans & credit cards
  • Building credit
  • Financial health
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