Zopa Personal Loan
Loan Amount
£1,000 to £25,000
Representative APR
3.7% APR
(£7,500 to £15,000)
Loan Term
1 year to 5 years
You must be at least 23 years old, with an annual income of at least £16,000 & have a good credit history / no CCJ's.
Representative Example: The Representative APR is 3.7% APR so if you borrow £7,500 over 3 years at a rate of 3.20% p.a. (fixed) you will repay £220.23 per month & £7,928.21 in total. This includes a £60 fee.
Hitachi Personal Finance Personal Loan
Loan Amount
£2,500 to £25,000
Representative APR
4.0% APR
(£7,500 to £10,000)
Loan Term
2 years to 5 years
Representative Example: The Representative APR is 4% APR (fixed) so if you borrow £10,000 over 4 years at a rate of 4% p.a. (fixed) you will repay £225.47 per month & £10,822.56 in total.
Tesco Bank Personal Loan
Loan Amount
£1,000 to £25,000
Representative APR
4.1% APR
(£7,500 to £15,000)
Loan Term
1 year to 10 years
As a thank you, Clubcard customers get a 1000 points when they apply by 31st Oct through Money.co.uk, are accepted and receive their money by 30th Nov. Enter your Clubcard number when you apply. T&Cs apply.
Representative Example: The Representative APR is 4.1% APR (fixed) so if you borrow £10,000 over 4 years at a rate of 4.1% p.a. (fixed) you will repay £225.90 per month & £10,843.20 in total.
Nationwide Personal Loan Ex/C
Loan Amount
£1,000 to £25,000
Representative APR
4.2% APR
(£7,500 to £14,999 )
Loan Term
1 year to 5 years
Available to existing customers only.
Representative Example: The Representative APR is 4.2% APR (fixed) so if you borrow £10,000 over 4 years at a rate of 4.2% p.a. (fixed) you will repay £226.33 per month & £10,863.84 in total.
Nationwide Personal Loan
Loan Amount
£1,000 to £25,000
Representative APR
4.5% APR
(£7,500 to £14,999)
Loan Term
1 year to 5 years
Representative Example: The Representative APR is 4.5% APR (fixed) so if you borrow £10,000 over 5 years at a rate of 4.5% p.a. (fixed) you will repay £186.02 per month & £11,161.20 in total.
Santander Internet Loan
Loan Amount
£1,000 to £20,000
Representative APR
4.5% APR
(£7,500 to £20,000)
Loan Term
1 year to 5 years
You must have a direct debit facility.
Representative Example: The Representative APR is 4.5% APR (fixed) so if you borrow £10,000 over 4 years at a rate of 4.5% p.a. (fixed) you will repay £227.63 per month & £10,926.24 in total.
RBS Personal Loan Ex/C
Loan Amount
£1,000 to £25,000
Representative APR
4.9% APR
(£7,500 to £14,999)
Loan Term
1 year to 7 years
If you choose to repay your loan early, an early redemption charge of up to 58 days' interest will apply. Other loan amounts are available at alternative rates. Rates depend on circumstances and loan amount.
Available to existing customers only.
Representative Example: The Representative APR is 4.9% APR (fixed) so if you borrow £10,000 over 4 years at a rate of 4.9% p.a. (fixed) you will repay £229.36 per month & £11,009.28 in total.
NatWest Personal Loan Ex/C
Loan Amount
£1,000 to £25,000
Representative APR
4.9% APR
(£7,500 to £14,999)
Loan Term
1 year to 7 years
If you choose to repay your loan early, an early redemption charge of up to 58 days' interest will apply. Other loan amounts are available at alternative rates. Rates depend on circumstances and loan amount.
Available to existing customers only.
Representative Example: The Representative APR is 4.9% APR (fixed) so if you borrow £10,000 over 4 years at a rate of 4.9% p.a. (fixed) you will repay £229.36 per month & £11,009.28 in total.
Lendable 5 Year Loan
Loan Amount
£1,000 to £15,000.
Representative APR
5% APR
(£1,000 to £15,000)
Loan Term
5 years
Online Application, instant decision & funds within 2 hrs. Repay early or overpay without charges. Rates fully personalized to circumstances.
Good credit rating required.
The Representative APR is 5% APR (fixed) so if you borrow £15000 over 60 months at a rate of 4.19% p.a. (fixed) you will repay £283.07 per month & £16984.11 in total.
Clydesdale Bank Personal Loan
Loan Amount
£1,000 to £25,000
Representative APR
5.3% APR
(£15,001 to £25,000)
Loan Term
1 year to 7 years
Apply online and get an instant decision. Any purpose loans. You can repay your loan in full and part at any time and they'll reduce the total credit payable under the agreement. Rates available online, in branch and via telephone.
Representative Example: The Representative APR is 5.9% APR (fixed) at a rate of 5.9% p.a. (fixed)
Yorkshire Bank Personal Loan
Loan Amount
£1,000 to £25,000
Representative APR
5.3% APR
(£15,001 to £25,000)
Loan Term
1 year to 7 years
Apply online and get an instant decision. Any purpose loans. You can repay your loan in full and part at any time and they'll reduce the total credit payable under the agreement. Rates available online, in branch and via telephone.
Representative Example: The Representative APR is 5.9% APR (fixed) at a rate of 5.9% p.a. (fixed)
Lendable 3 Year Loan
Loan Amount
£1,000 to £15,000
Representative APR
5.4% APR
(£1,000 to £15,000)
Loan Term
3 years
Online Application, instant decision & funds within 2 hrs. Repay early or overpay without charges. Rates fully personalized to circumstances.
Good credit rating required.
The Representative APR is 5.4% APR (fixed) so if you borrow £5000 over 36 months at a rate of 4.08% p.a. (fixed) you will repay £150.75 per month & £5427.15 in total.
Lendable 2 Year Loan
Loan Amount
£1,000 to £15,000
Representative APR
5.8% APR
(£1,000 to £15,000)
Loan Term
2 years
Online Application, instant decision & funds within 2 hrs. Repay early or overpay without charges. Rates fully personalized to circumstances.
Good credit rating required.
The Representative APR is 5.8% APR (fixed) so if you borrow £5000 over 24 months at a rate of 4.34% p.a. (fixed) you will repay £221.15 per month & £5307.67 in total.
Moneyway Plus Loan
Loan Amount
£3,000 to £15,000
Representative APR
7.5% APR
(£7,001 to £15,000)
Loan Term
1 year to 5 years
Representative Example: The Representative APR is 7.9% APR so if you borrow £7,000 over 18 months at a rate of 7.9% p.a. (fixed) you will repay £412.79 per month & £7,430.22 in total.
Lendable 1 Year Loan
Loan Amount
£1,000 to £15,000
Representative APR
9% APR
(£1,000 to £15,000)
Loan Term
1 year
Online Application, instant decision & funds within 2 hrs. Repay early or overpay without charges. Rates fully personalized to circumstances.
Good credit rating required.
The Representative APR is 9% APR (fixed) so if you borrow £5000 over 12 months at a rate of 6.2% p.a. (fixed) you will repay £437.26 per month & £5247.09 in total.
RateSetter 1 Year Loan
Loan Amount
£1,000 to £25,000
Representative APR
9.2% APR
(£3,000 to £25,000)
Loan Term
1 year to 23 months
Quick and simple online process, approval within 24 hours. No early repayment charges and all fees are included in the APR. Need good credit history.
Representative Example: The Representative APR is 9.2% APR (fixed) at a rate of 9.2% p.a. (fixed) Arrangement fee from £72.10.
Moneyway Personal Loan
Loan Amount
£1,000 to £15,000
Representative APR
18.9% APR
(£12,001 to £15,000)
Loan Term
1 year to 5 years
Representative Example: The Representative APR is 24.9% APR so if you borrow £5,000 over 4 years at a rate of 22.46% p.a. (fixed) you will repay £158.73 per month & £7,619.04 in total.
Springcoin Select Personal Loan
Loan Amount
£500 to £20,000
Representative APR
22.5% APR
(£500 to £20,000)
Loan Term
1 year to 4 years
Fast funding within the same day of submitting the online application with rates starting at 19%. No arrangement or early payment fees & not required to have a guarantor or own a home.
Representative Example: The Representative APR is 22.5% APR (fixed) so if you borrow £3,000 over 2 year at a rate of 22.5.5% p.a. (fixed) you will repay £153.38 per month & £3,681.12 in total.
Citrus Loans Personal Loan
Loan Amount
£500 to £20,000
Representative APR
22.5% APR
(£500-£20,000)
Loan Term
1 year to 3 years
Representative Example:The Representative APR is 22.5% APR so if you borrow £3,000 over 2 years at a rate of 20.5% (fixed) then you will repay £153.38 per month & £3,681.05 in total.
1st Stop Personal Loans for Homeowners Plus
Loan Amount
£1,000 to £10,000
Representative APR
24.9% APR
(£1,000 to £10,000)
Loan Term
1 year to 6 years
This is an unsecured loan, but you must be a homeowner to apply as it is designed for homeowners who would prefer not to secure a loan against their property.
Representative Example: The Representative APR is 24.9% APR so if you borrow £4,000 over 3 years at a rate of 12% (variable) you will repay £154.45 per month and £5560.20 in total. The total charge for credit is £1560.20 which includes a processing fee of £120.

money.co.uk, Dot Zinc Limited, 160 Fleet Street,London. EC4A 2DQ. We are a Credit Broker for all consumer credit products listed on money.co.uk.

We provide an independent comparison service free of charge but we may receive a commission from some of the companies we refer you to. These are indicated with purple buttons.

How to Find the Best Loan Rates for £5,000

by DaisyLill

Whether it's an unexpected expense or a planned purchase such as a new car, you need to get the best deal whether you're borrowing 50,000 or getting a 5,000 loan. Here's how.

How to Find the Best Loan Rates for £5,000

There are many ways to find cheap 5,000 loans without breaking the bank, and with interest rates fixed at record lows, in many ways there hasn't been a better time to get in debt!

We take a look at some of the factors you should consider when looking for the best loan rate for 5,000 and how to find the most competitive deal.

Use a 5,000 loan calculator to budget for repayments

Most people know that the APR relates to how expensive a loan will be, but have you got any idea how this correlates to what you will actually pay?

Loan repayments can vary significantly depending on the interest rate being charged but whilst it's helpful to know the APR, this won't explain in monetary terms how much the borrowing will cost.

This is particularly the case when you are comparing 5,000 loans at a glance because the Representative APR quoted by lenders only has to have been available to 51% of borrowers. If you don't have a perfect credit rating or want to borrow outside the limits of their headline Representative APR you may get quoted a higher interest rate which, in simple terms, means you will be charged more.

For example, if you wanted a 5,000 loan over 3 years, and found a lender that advertised a Representative APR of 58.5% (a high interest rate compared to some of the best loans on offer) you would not know without applying whether you'd pay this rate or much higher. By using a loan calculator and getting a pre-approval check on the lenders' website you should be able to get a more accurate idea of what you'll pay without affecting your credit rating.

If you compare 5,000 loan rate and borrowing amount from different providers then do the above for those that you are considering applying for you should be able to find the provider most likely to give you the cheapest deal.

Get fixed rate loans for 5,000 from elsewhere

If you are looking for a 5,000 loan over 5 years, you might think that the only place to apply is your own bank. And whilst you can certainly try if their rates are attractive, in the majority of places you don't need to bank with a lender in order to apply for one of their loans.

Although it can certainly be easier borrowing money from your own bank as you may not have to provide proof of ID and other documentation, you must carry out a loans comparison because you could save a significant amount by going further afield.

The same principles apply even if you have a history of bad credit. By applying to a lender who has a policy of being willing to consider applicants with a less than perfect credit record, you stand a better chance of a loan 5,000 or whatever figure you request.

It'll really pay to think outside the box though. A life of balance credit card, a 0% balance transfer credit card or one that offers 0% money transfers could give you access to the money you need for less interest and with more flexibility so this is definitely an option worth considering before you apply for a personal loan.