1Plus1 loans calculator and overview

1Plus1 offers guarantor loans to people who might struggle to get approved on their own. Loan amounts between £1,000 and £10,000 starting from 39.9%.

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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.

Our calculator lets you pick how much you want to borrow over a time frame that suits you, so you can estimate how much you would pay back each month and pay back overall. We base our calculations on 1Plus1 Loans’ representative APR, but it’s important to note that your circumstances can affect the rate you’re offered. As you’ll see, the rates are relatively high, which is sadly the norm for guarantor products.

Calculate the cost of a 1Plus1 loan

1 - 1 of 1
Name Product Finder score Total Payable Monthly Repayment Representative APR Link
1plus1 Loans Guarantor Loan
4.0
★★★★★
Check eligibility
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 39.9% p.a. (fixed). Representative APR 39.9% and total payable £16,091.64 in monthly repayments of £446.99.
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How do 1Plus1 loans compare against the competition?

1 - 4 of 12
Name Product Finder score Total Payable Monthly Repayment Representative APR Link
Novuna Personal Loan
4.5
★★★★★
Check eligibility
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 7.4% p.a. (fixed). Representative APR 7.4% and total payable £11,142.00 in monthly repayments of £309.50.
My Community Bank Personal Loan
4.5
★★★★★
Check eligibility
View details
Representative example: Borrow £5,000 over 48 months at a rate of 24.9% pa (fixed). Representative APR 27.9% and total payable £7,939.24 in monthly repayments of £165.40.
Barclays Existing Current Account Loan
4.5
★★★★★
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 6.1% p.a. (fixed). Representative APR 6.1% and total payable £10,941.12 in monthly repayments of £303.92.
Plend personal loan
3.5
★★★★★
View details
Representative example: Borrow £8,000 over 48 months at a rate of 16.66% p.a. (fixed). Representative APR 17.99% and total payable £11,013.12 in monthly repayments of £229.44.
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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.

Quick overview of 1plus1 Loans personal loans

Loan amounts From £1,000 to £10,000
Loan terms From 1 year to 5 years
Age eligibility 18 years and over
Application fee No application fee
Repayment holiday Repayment holiday not permitted

Key features of a 1Plus1 loan

Loan typeUnsecured Personal Loan
Loan amounts£1,000.00 to £10,000.00
Loan terms1 Year to 5 Years
Loan rate typeFixed
Product 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 methodsCheque, Direct Debit, Standing Order

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 has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.

Written by

Chris Lilly

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 profile

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