1plus1 Loans

lendingonline loans

FOUNDING YEAR: 2013
LOCATION: United Kingdom
Last Update: 01/05/2020

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About

A better kind of loan.We are 1 Plus 1 Loans. The better way to borrow money.We believe in a loan product that doesn't rely on credit scores to decide our customers eligibility, just their friends and family to let us know that they can afford the repayments along with our affodability checks.Our loan product is a great credit builder for people who have no credit or poor credit.We pride ourselves on treating customers fairly and responsible lending throughout the whole journey.If you wish to get intouch regarding working with us or joining our highly experianced team, you can all 0330 1200 313 or e-mail:affiliates@1plus1loans.co.ukcareers@1plus1loans.co.ukinfo@1plus1loans.co.uk

MEDICI Analysis

1Plus1 Loans is a digital lender that offers guarantor loans to users. It doesn't rely solely on the credit score of an individual but takes into account other factors like creditworthiness, affordability, friends, and family.

Focus

PRODUCTS & SERVICES

1Plus1 Loans offers guarantor loans ranging from £500 to £5,000 with a repayment period of 12 to 60 months with a maximum APR of 47%. It also offers a Top Up Loan that enables users to borrow more cash if required. Users can top up their loan once their outstanding balance is less than £4500.

REVENUE MODEL

The company charges a brokerage fee if the loan was brokered with the company by a third party.

People

NUMBER OF EMPLOYEES

1-10

INVESTORS:

Quilam Capital

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

1

DATE OF LAST FUNDING

May 2018

TOTAL FUNDING COMMENT

The funds raised by the company will help them to facilitate the next stage of growth for the business by supporting the team’s aspirations to expand their offering and invest in people & infrastructure, whilst maintaining a high-quality service proposition for its customers. (May 2018)

SEED CLOSED ON

May 2018

SEED PRIOR FUNDING COMMENT

An undisclosed seed fund was raised in May 2018.

LISTED

NO

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