Borrow £1,000 Loans
With Forces Compare
If you need to borrow £1,000 for any purpose, we can help you compare rates and get funds in 24 hours. Get a free quote in less than 2 minutes.
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Forces Compare works with a variety of different lenders to help find the finance that’s right for you. Whilst we’ve built up years of experience working in the armed forces, those who have not served can also benefit from the range of financial products we compare. We compare financial products for a whole host of different needs, including the following:
- Debt consolidation
- New cars
- Home improvements
You can apply for a loan through Forces Compare even if you have bad credit, the financial products offered by our specialist lenders accommodate for those with good, fair and bad credit scores, as well as those with CCJs, those in the armed forces, veterans and civilians.
Why Would You Need to Borrow £1,000?
People need to borrow money for all sorts of reasons, be it for funding a new car to replacing a broken boiler. When looking for the right finance through Forces Compare, it’s important to establish exactly what the money will be used for, as this can help you find the finance option that best suits your needs.
Types of £1,000 Loans
Our lenders offer a variety of different loans for £1,000, including personal loans. Personal loans can be used for numerous different things, whether it’s to cover monthly bills, pay off existing debts, or make home improvements. Forces Compare can help you find personal loans of up to £25,000 to be repaid over a period of 18 to 36 months.
Our lenders also offer guarantor loans, often used by those who have a bad (or non-existent) credit history. With this type of loan, the borrower will have a guarantor that agrees to keep up with the repayments if the borrower defaults. Through Forces Compare, you can find loans from £500 to £15,000 to be repaid over a 12 to 84 month period.
Why Apply With Forces Compare?
Forces Compare helps to find the best loans at the lowest prices. We accommodate to a wide variety of different borrowers, including those in the armed forces, veterans and civilians. We also compare financial products for people with varying credit scores, helping those who need finance to get it, regardless of their credit history.
We also proudly display the Armed Forces Covenant, expressing our commitment and dedication to those who have served in the armed forces. We help individuals from all walks of life to get the finance they need when they need it, accommodating for a whole range of unique circumstances, from those in the armed forces and beyond.
What is the Eligibility Criteria?
The eligibility criteria will be dependent upon the type of finance option you go for and the lender you choose to go with. For example, Personal Loans Now has the following criteria for those wanting to borrow with them:
- Hold a UK bank account
- Be a UK resident
- Have a salary from the MOD or your employer
- Be over the age of 18
The eligibility criteria will depend on the type of loan you apply for, some financial products requiring borrowers to meet additional means of criteria. For example, if you are applying for a secured loan you will have to have an appropriate asset to secure against the loan, such as a house, a car, or valuable pieces of art.
Before applying for a loan, it’s best to assess your financial situation, as this can have a big impact on the type of loans you will be accepted for. For example, those with bad credit will be more eligible for guarantor loans and other specific products that accommodate for this type of borrower.
What Information Do You Need to Apply?
We will require a few details from you during the application process. These details will vary depending upon the type of loan you are applying for, with some requiring more pieces of information than others. Some of the main details you will need to provide us with include:
- Your full name
- The loan amount
- Your date of birth
- Your address
- Monthly income
- Monthly expenses
- Bank details
Depending on the loan you are applying for, you may also be asked to give proof of address, proof of income, or proof of ownership over a valuable asset. Again, this will vary from loan to loan, meaning it’s important to read up on what details we’ll require from you before starting the application process.