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£5,000 loans

Compare £5,000 loans

You could get a £5,000 loan from these lenders that offer unsecured personal loans, and choose a low APR to save money in interest.

Compare £5000 loans from leading providers
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Compare £5,000 loans from leading providers

Looking through a range of options gives you more chance of securing a great deal. You'll only find results from genuine companies. Our data experts check each company before we add them to our comparisons.

How it works

Check your eligibility

Answer a few quick questions. This will not impact your credit score.

Compare personalised loans

See the exact amount you’ll need to pay each month – no estimates.

Apply online

Complete your application on the lender's website. You could get your money in hours.

See the interest rate you’re eligible for before you apply

With real interest rates you'll see exactly how much you’ll need to pay each month. And which lenders will pre-approve your application before you apply.

Find a loan

View £5000 loan deals

9 results found, sorted by lowest representative apr. Find out more about how our calculator works and how we order our comparisons.

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Change the amount you are looking to borrow to see what offer you can get

M&S Bank Personal Loan

Representative Example: Assumed borrowing of £5,000 over 60 months at a fixed rate of 3.9% per annum would result in a representative rate of 3.9% APR, monthly repayments of £91.70 false and a total amount repayable of £5,502.00.

Eligibility

Credit rating accepted	good
Flexible rescheduling
Guarantor required	false
Managed in branch
Managed online
Managed over phone
Minimum Age	18 years
Minimum income	£10,000
Online decision
UK Resident

AA Personal Loan Ex/C Member

Available to existing customers only.

Representative Example: Assumed borrowing of £5,000 over 60 months at a fixed rate of 4.1% per annum would result in a representative rate of 4.1% APR, monthly repayments of £92.14 false and a total amount repayable of £5,528.40.

Eligibility

Credit rating accepted	good
Existing customers only
Guarantor required	false
Managed online
Minimum Age	21 years
Minimum income	£12,000
Online decision
UK Resident

AA Personal Loan

Representative Example: Assumed borrowing of £5,000 over 60 months at a fixed rate of 4.2% per annum would result in a representative rate of 4.2% APR, monthly repayments of £92.36 false and a total amount repayable of £5,541.60.

Eligibility

Credit rating accepted	good
Guarantor required	false
Managed online
Minimum Age	21 years
Minimum income	£12,000
Online decision
UK Resident

Post Office Personal Loan

Representative Example: Assumed borrowing of £5,000 over 60 months at a fixed rate of 4.3% per annum would result in a representative rate of 4.3% APR, monthly repayments of £92.57 false and a total amount repayable of £5,554.20.

Eligibility

Credit rating accepted	good
Guarantor required	false
Managed online
Minimum Age	21 years
Minimum income	£12,000
Online decision
UK Resident

Zopa Personal Loan

Representative Example: Assumed borrowing of £5,000 over 60 months at a fixed rate of 15.4% per annum would result in a representative rate of 15.4% APR, monthly repayments of £117.40 false and a total amount repayable of £7,044.00.

Eligibility

Credit rating accepted	good
Flexible rescheduling
Guarantor required	false
Managed online
Minimum Age	20 years
Minimum income	£12,000
Online decision
Social lending
UK Resident

Koyo Personal Loan

Representative Example: Assumed borrowing of £5,000 over 60 months at a fixed rate of 22.9% per annum would result in a representative rate of 22.9% APR, monthly repayments of £134.70 false and a total amount repayable of £8,082.00.

Eligibility

Credit rating accepted	fair
Guarantor required	false
Managed online
Minimum Age	18 years
Online decision
UK Resident

Monevo Personal Loan

Monevo is a credit broker and not a lender.

Representative Example: Assumed borrowing of £5,000 over 60 months at a fixed rate of 25.1% per annum would result in a representative rate of 25.1% APR, monthly repayments of £139.82 false and a total amount repayable of £8,389.20.

Eligibility

Credit rating accepted	poor
Flexible rescheduling
Geographical restrictions
Guarantor required	false
Joint loan
Managed in branch
Managed online
Managed over phone
Maximum Age	Unlimited
Minimum Age	18 years
Minimum income	£7,000
Online decision
Self employed accepted
Social lending
UK Resident

Bamboo Personal Loan

Representative Example: Assumed borrowing of £5,000 over 60 months at a fixed rate of 59.7% per annum would result in a representative rate of 59.7% APR, monthly repayments of £220.10 false and a total amount repayable of £13,206.00.

Eligibility

Credit rating accepted	poor
Flexible rescheduling
Guarantor required	false
Managed online
Managed over phone
Minimum Age	18 years
Online decision
UK Resident

Everydayloans Personal Loan

No effect on your credit rating on initial application. No fees or charges. T&Cs apply.

Representative Example: Assumed borrowing of £5,000 over 60 months at a fixed rate of 99.9% per annum would result in a representative rate of 99.9% APR, monthly repayments of £306.70 false and a total amount repayable of £18,402.00.

Eligibility

Credit rating accepted	poor
Guarantor required	false
Joint loan
Managed in branch
Managed online
Minimum Age	21 years
Minimum income	£15,000
Online decision
UK Resident

We are classed as a credit broker for consumer credit, not a lender.

Our services are provided at no cost to you. We may receive a commission from the companies we refer you to, but this does not affect what you will pay for the product you choose.

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Your personalised bad credit loan results are powered by Monevo. They make sure you only see real interest rates. Not just estimates like some lenders show you.

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Is a £5,000 loan right for you?

Borrowing £5,000 is something many people may need to do at some point in their lives. It could be to consolidate debt, purchase a car, go on a honeymoon, or to make repairs around the house.

As long as you have a clear plan on how you're going to pay it back, a £5,000 loan can be a useful facility to fund large expenses.

But before you borrow £5,000 you also need to know the cheapest way to borrow. You'll have to decide whether to use a credit card, or take out a loan.

At £5,000, you're probably at the higher end of the threshold for using a credit card to borrow. Not to mention, credit cards have much higher interest rates compared to loans and are meant for more short term borrowing. This is why a loan may be a better option to borrow £5,000.

How long should you take to repay your £5,000 loan

A £5,000 loan can last between one and seven years, but some lenders do offer shorter terms of just six months, or longer loans of more than seven years.

With personal loans, the longer the term your loan, the smaller your monthly repayments will be. However, the longer you take to repay your loan the more you'll end up paying in interest over all.

For example, let's say you borrow £5,000 at 8% APR ...

If you repay the loan over 3 years: your monthly repayment will be £156.04 and you'll pay £617.44 in interest over all.
If you repay the loan over 5 years: your monthly repayment will be £100.72 and you'll pay £1,043.20 in interest over all.

To avoid burdening yourself, it's better to make sure you choose the shortest loan term that results in repayments you can afford on a monthly basis for the duration of the loan.

How to get the right £5,000 loan for you

Since you know how much you want to borrow you can follow these three steps:

Work out how long you need to pay the £5000 loan back
Compare rates online to find the cheapest loan
Make sure you meet the lender's rules before you apply

You can see which will be the cheapest and see how much you will pay each month using our loan calculator.

Check the rules before you apply

Every lender has a list of requirements all their borrowers have to meet before they lend to them, so it pays to check you fit the bill before you apply.

Typical requirements can include:

Being a UK resident
Earning a minimum income per year e.g. £12,000
Having a good credit record e.g. no history of missing credit repayments

Will being rejected for a loan affect my credit rating?

Every time you apply for credit, it leaves a mark on your credit report. If you're rejected for a loan application, it's important to try to find out why before you apply again.

It's also vital that you don't make many applications at once, as that may give the impression that you are struggling financially.

This is where our comparison service can help, as you can compare find the deals that you can afford and that you're more likely to be accepted for.

£5,000 loan FAQs

About our loans comparison

Explore more loans guides

See more guides

A beginner's guide to loans

Exactly what is a loan? What can you use it for and how do you get one? Find answers to all your questions about loans here.

The word loan is spelt over four wooden blocs, with two male figurines placed next to them.

How to borrow money with bad credit

You can get a personal loan with bad credit, but the rates will likely be high. It can be harder to get a loan with bad credit, and it may be worth trying to improve your score before you apply for a loan.

How your credit record affects the loan you get

Your credit record has a big impact on the type of loan you can get and how much it will cost. Here is how your credit history affects your loan application and what you can do about it.

Should you borrow against your home?

Should you borrow against your house? Find out if taking out a secured loan against your home is sensible or something to avoid.

Should you get an overdraft, credit card or loan?

Choosing the right way to borrow money can make it cheaper and easier to manage. Here is when you should use a credit card, loan or overdraft.

Weighing scales with a pile of receipts on one side in the air and a piggy bank on the other weighing it down

What happens if you are unable to pay back your loan?

When you miss a payment on your loan, you'll be charged a fee. You may be issued with a County Court Judgement or have to declare yourself bankrupt if you continue to miss payments.

Why compare loans with money.co.uk?

Comparing loans could help you save money. Our award-winning loan comparison service makes sure you get our best interest rates. Our aim is to provide you with the most up-to-date information, as well as useful tools and calculators so to help you make life's most important decisions and take control of your money.

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