£1000 Loan
£100 to £5,000 paid out same day!*
Loans Paid Same Day- Bad Credit Accepted
- Instant Decisions
- Borrow up to £5,000
Loans Paid Same DayEase your money worries with a £1,000 loan from Wage Day Advance, repayable over 36 months via our quick, easy and secure online application process.
Could a £1,000 loan today help ease your financial burden? Wage Day Advance is here to help. With flexible loan terms and a variety of repayment options, we’re the clear choice for finding a lending solution that suits you. Our range of offerings, along with both short and long term repayment options, allows you to access the funds you need quickly while giving you greater control over your financial situation.
Below, we’ll get into the specific details of our offerings and the requirements for applying. Our application form has been designed from the ground up to provide a fast, secure, and user-friendly borrowing experience. And you will get an instant on-screen decision within minutes.
How much would you like to borrow?
£1,000 For Any Purpose*
All loans offered by Wage Day Advance are considered for “any purpose”. This means no additional checks are required to confirm how you intend to use the funds. It’s a cash loan that you’re free to use responsibly. Here are some common (sensible) ways our applicants have used their £1,000 loans:
- Rent/Mortgage Payments: Falling short on your rent payment can create unnecessary stress, whilst missing a mortgage payment can be not only stressful but also harm your credit report and lead to costly penalties.
- Utility Bills: Customers often use our short term loans to pay off electric, gas and water bills. Particularly unexpected bills that they hadn’t budgeted for this month or fell short due to price increases.
- Debt Consolidation: Our larger loans such as £1,000 can sometimes be used for debt consolidation purposes. It can often be much cheaper to consolidate existing credit into one single, easy to manage monthly repayment.
- Travel/Transport Fees: From car repairs to train and bus fares, travel can be expensive. If you need to travel for work, it becomes an essential cost to bear.
- Moving Expenses: Covering costs related to moving house, such as deposits, agency fees, furniture removals, or temporary accommodation.
There are many other uses, these are just an example. All we ask is that you borrow responsibly, ensuring you only borrow what you need and can afford to repay. Additionally, please be sensible about how you use the funds.
Credit Searches and Loan Affordability
Many of the questions we receive at Wage Day Advance concern credit checks and the criteria our UK lending partners use to make their final decisions. This is particularly relevant for those with less-than-perfect credit reports. There are several reasons for this. Some individuals wish to assess their chances of approval (especially for larger amounts such as £1,000), while others, aware of their poor credit history, are anxious about the possibility of refusal.
Additionally, there are those who are concerned about leaving a lasting mark on their credit report, regardless of whether their application is successful. Below, we will explore some common types of credit searches and outline how the lender’s process works.
- Affordability Checks: This is the primary check performed by our lending partners on all applications. Essentially, it involves comparing the amount you wish to borrow with your income to determine whether you can safely and responsibly afford to repay the loan i.e. is it affordable.
- Soft Credit Check/Search: This check is primarily conducted to verify your identity and assess your eligibility. Your credit report will be reviewed; however, there will be no lasting mark left because of this search. Our lending partners will perform this type of check on all applicants.
- Hard Credit Check/Search: This involves a comprehensive review of your credit report, resulting in a lasting mark that indicates to other lenders that you have applied for credit. This is the type of search that applicants typically wish to avoid, as multiple applications can negatively impact your credit score.
Applying for a £1,000 Loan with Bad Credit
Applying for a loan through Wage Day Advance couldn’t be simpler. Regardless of your credit history, our application process remains consistent along with our high acceptance ratings. No matter the amount you wish to borrow or your credit score, the process is the same. Moreover, we work with a wide range of lenders who specialise in offering £1,000 loans to those with less-than-perfect credit, increasing your chances of finding a willing lender.
So here are some great reasons for choosing Wage Day Advance, even if you suffer from poor credit: –
- Alternative amounts offered if refused.
- Affordability more important than credit history.
- Soft searches and affordability check only – no lasting mark.
- High approval and accepted rating from trusted UK lenders.
- Specialists in helping applicants with bad credit.
As noted above, the UK lenders we partner with prioritise your current month to month affordability over high credit scores, particularly for loans of £1,000 or less. So, if you have a poor credit history but a regular monthly income that can comfortably cover the loan repayments, there’s a strong likelihood we can match you with a suitable lender. Even with poor credit.
Why Use WDA?
How much do you offer?
£100 - £5,000
Quick application.
Over how long?
1 - 36 months
Flexible repayments.
Bad credit accepted?
Yes
We cater for all.
How do I get a loan?
Apply Online
Secure application.
Representative APR
79.5% (variable)
No obligation quote.
Our Loan Application Form
The Wage Day Advance loan application form is among the quickest and easiest to use. We only require the most essential information to process your application successfully. This includes, but is not limited to:
- Name, address and phone number.
- Your total monthly income.
- Your monthly expenses (rent/mortgage, bills etc).
- Details on the source of your income (wages, benefits, pension etc).
- Your current bank account details (for fund transfer).
- Intended use of funds (bill payments etc).
Applications are 100% secure, and the form has been designed from the ground up to be completed in under 2 minutes, provided you have all your personal details to hand. Additionally, our form is compatible with all web browsers and devices, including mobile phones.
The application process is entirely web-based, so you won’t need to fill out any additional paperwork, nor will there be any phone calls to verify your information.
Instant On-Screen Borrowing Decisions
Once you submit your application form, our brokerage system will forward it to our network of direct lenders. Their systems will then assess your requirements and inform us whether they can meet your borrowing needs. Our system will subsequently select the lender offering the most favourable terms and present their offer to you.
The entire process is fully automated and seamless, taking around 2 minutes to complete. Once finished, you will be presented with an approval notice on-screen. If your application is successful, you will be asked to confirm the agreement. If not, you may be prompted to provide additional information and resubmit your application.
It is highly important that you be as accurate as possible during the initial application process and be realistic with your borrowing needs. This will greatly increase the likelihood of you being successfully matched with a lender.
Loan Term Review / Alternative Offers
If you have been successful in your application, you will be presented with the terms of your loan on the final step of the process. This includes but isn’t limited to the following information: –
- The total amount of money repayable.
- The number of monthly repayments you need to make.
- How much your monthly repayment will be.
- The amount of interest charged both monthly and over the term of the loan.
- Instructions for making repayments.
- Contact information for the lender facilitating your £1,000 loan.
If the lender we’ve matched you with finds your application unaffordable after assessing your income and expenditure, they may propose alternative terms. These could include extending the loan term to reduce your monthly payments or offering a lower loan amount than initially requested.
You are under no obligation to accept any loan offer or the revised terms and please make sure you review them thoroughly before accepting.
Same Day Transfers*
Once your application is approved and you’ve accepted the offered terms, the lender will transfer the funds directly to you. The money will be sent to the current account you specified during the application process, and repayments will also be collected from this account. This is why having an active UK bank account is one of our key eligibility criteria.
The lender will aim to transfer the funds to you within one hour of your acceptance of the terms. However, please note that this applies only during business hours. If you accept the terms in the evening, over the weekend, or on a bank holiday, the funds may not reach your account until the next working day.
* Please also bear in mind that electronic fund transfers are subject to your bank’s processing times. Some UK banks still only complete transactions on the next working day, regardless of when the funds were sent.
Borrowing £1,000 Couldn’t Be Easier
At Wage Day Advance, we understand the importance of a fast, simple, and reliable loan process that works seamlessly around your needs. We focus on a streamlined user experience from application to fund transfer, designed to provide you with clarity and confidence from the start.
Here are just a few of the many reasons our customers choose us – and what truly sets us apart from the competition:
- Super-fast application form, complete in under 2 minutes.
- Only the basic details required to determine eligibility.
- Soft searches and affordability check only.
- Instant, on-screen decision.
- Loan offers from established, trusted UK direct lenders.
- Same day cash transfers, direct to your bank.
With Wage Day Advance, accessing funds is quick, straightforward, and geared towards your financial convenience. This makes us the ideal choice for those looking to borrow £1,000 as quickly and easily as possible.
Responsible Lending and Fair Customer Treatment
The direct lenders we partner with at Wage Day Advance are not only trustworthy and reputable, but they also place the practice of responsible lending at the heart of their operations. While it is true that regulatory reforms have mandated lenders to implement this practice, the outcome has undoubtedly been mutually beneficial for both lenders and borrowers alike.
In simple terms, when a lender provides you with an amount over a term that they believe you can comfortably repay without risking missed payments elsewhere, it benefits both parties. You receive a loan that fits your budget, and they get their money back. This is a win/win for everyone involved.
In addition to responsible lending, all our partners adhere to the FCA’s fair treatment of customers framework. This includes but isn’t limited to: –
- Only offer products and services that meet the customers needs.
- Clear and concise information regarding the loan and its repayment terms.
- Dedicated customer support via multiple channels.
- Effective communication.
- On going service improvements with the customer in mind.
All the above ensures that you, the customer, receive exceptional service from start to finish. From your initial £1,000 loan application at Wage Day Advance to the direct UK lender who will facilitate your loan, every step of the process is designed with your needs in mind.
£1,000 Loan FAQ’s
Q: £1,000 is more than I need right now, can I borrow less?
Yes, we offer loans from £100 right through to £5,000 and each loan has the same eligibility requirements and repayment options.
Q: If my credit score isn’t good enough to borrow £1,000, what happens then?
The direct lender we match you with may propose a different (lower) amount during the application and approval process. You can then review the terms and accept if suitable. Decisions are primarily made off affordability as opposed to credit history.
Q: Do you accept foreign applicants or applications from overseas?
You can refer our core eligibility requirements below. In short, we accept applications from UK residents regardless of nationality, but we do not accept applications from individuals based outside of the UK.
Q: Do I need a UK bank account?
Yes, maintaining a UK bank account is part of our core eligibility criteria. It is also used during the soft credit check process, and it is also where the loan funds will be transferred to in the event of a successful application.
Q: When will the £1,000 need to be repaid by?
At Wage Day Advance, we pride ourselves on our highly flexible repayment terms. All our loans can be paid back within 3 months or 3 years.
Wage Day Advance Eligibility Requirements
Below you will find our application eligibility requirements. You must meet all the criteria below to apply for a loan with us. The requirements are the same regardless of the loan amount or term and each will be checked during the application process: –
- UK Bank Account: You must have a UK bank account, and your monthly income must be deposited directly into this account. Your loan funds will also be transferred to this same account.
- 18 or Over: You must be at least 18 years old to apply for a loan with Wage Day Advance at the time of submitting the application.
- UK Address and Phone Number: You must have a permanent UK address and phone number. These details will be verified during the application process.
- Regular Monthly Income: You must have a regular monthly income, which may come from employment, self-employment, benefits, or a pension. This income must be paid directly into the UK bank account mentioned above.
The applicant must meet all the above criteria. Please note that we do not offer a guarantor loan service, so bear this in mind when applying. To help speed up the process, ensure you have all your personal details readily available.
