Experience the future of borrowing with a Rate Reducing loan…


This cutting-edge lending solution is tailor-made for you, encouraging responsible borrowing with a fresh twist. Kick off your journey with an initial rate of 39.9% APR and watch it drop to 37.2% APR, and then an even more appealing 34.5%APR, as you make 6 consecutive payments, on-time and with no arrears.

The dynamic rate reduction not only rewards your punctuality but supports your entire credit journey. If you stumble and miss a payment, don’t worry - we won’t hike up your rate. Instead, we'll simply pause the reduction process until you're back on track (note: a late payment fee still applies).

If you're dedicated to improving your credit score and managing your finances wisely, the Rate Reducer loan is perfect for you. Tailored for individuals aged 18 to 70, whether you're employed or combining employment with benefits, and earning a minimum monthly income of £1,500, this loan is designed to empower you. It's an excellent choice for anyone who wants to take smart steps towards financial stability.

We stand by our commitment to fairness and transparency, and we won’t charge any fees for applying and no penalties if you repay early, just a straightforward approach and proactive support. We’re always clear about the terms and conditions, making sure that you're well-informed and confident in your financial decisions.

In summary, Rate Reducer isn't just a loan; it's a partnership in improving your financial stability. We focus on providing you with crystal-clear communication, and proactive support, all dedicated to boosting your financial health. Join us in a journey towards better financial futures, upheld by exceptional customer service and trust.

Please refer to the FAQs for more information or get in touch by phone 0330 1200 313 or info@1plus1loans.co.uk.


*Applicants must be 18 or over, terms and conditions apply.

You will be eligible for a rate reduction following 6 consecutive monthly payments (in full, on time, and with no defaults). We will not increase the rate if you miss a payment, pay late or are in arrears, although you will be charged a late fee. The number of rate reductions will depend on your loan term e.g., a 12 month loan term will result in one rate reduction and so on subject to meeting the rate reduction criteria.

The initial APR is 39%, following the first reduction the APR reduces to 37.2% and the second and final reduction will result in a reduced APR of 34.5%. Each reduction in subject to the above criteria.

If there is any break in the consecutive payment cycle for example, for a payment holiday, the consecutive payment link is broken, and the clock starts again. This means that you will not be eligible for a rate reduction until you have met the criteria of six consecutive monthly payments made, in full, on time, and with no defaults.