How to borrow money from family and friends
Feeling awkward may not be the only consideration when it comes to asking your loved ones for a loan.
£10,000 loans
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Compare loans from 50^ trusted lenders
We work with a wide range of FCA-regulated providers, including award-winning direct UK lenders, to help you find the cheapest loan rates from brands you can trust.
Our best personal loan rates - from 5.9%^
Our cheapest personal loan rates for each of the different loan amounts.
Loan Amount | Representative APR* from | Eligibility Checker |
|---|---|---|
£3k - £4,999 | 8% (Santander) | |
£5k - £7,500 | 6.9% (M&S Bank) | |
£7,500 - £15k | 5.9% (M&S Bank) | |
£15,001 - £20k | 5.9% (M&S Bank) |
Accurate on 1 September 2026
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We make it easy to find a loan that suits you, with transparent comparisons from lenders you can rely on. We work with 50
How much could a £10,000 loan cost?
MoneySuperMarket data from May to August 2026 indicates that the average APR for someone taking out a loan between £7,500 and £14,999 is 11.9%, with a typical loan term of 5 years. Here’s what that could cost:
Loan details | Amount |
|---|---|
Loan amount | £10,000 |
APR | 11.9% |
Monthly payment | £219 |
Total interest paid | £3,134 |
Total repayment amount | £13,134 |
Use our handy loans calculator
Use our handy personal loan calculator tool to find out how much your monthly repayments could be, and how much you can afford to borrow
Loan calculator
Find out what monthly repayments would be, how much you'll pay overall and how much you could borrow.
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Based on the information you supplied, you would be borrowing XXX and repaying the loan in XXX monthly instalments of . The total sum to repay, subject to XXX% APR over the full loan term would be XXX. This assumes there are no extra fees and that your payments are made on time and in full.
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Based on the information you supplied, you could borrow XXX at a monthly repayment rate of to be paid over XXX monthly instalments. Over the full loan term at XXX% APR, the total amount repayable would be XXX. This assumes there are no extra fees and that your payments are made on time and in full.
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The maximum personal loan is £50,000
If you need a larger amount, consider a secured loan, which will allow you to borrow more but uses your home as collateral. Be aware that lenders can sell your house if you fail to keep up with repayments.
How do £10,000 loans work?
A £10,000 personal loan lets you borrow a fixed amount and repay it, with interest, over an agreed period.
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Compare your options
Use a soft search to check your chances of approval without affecting your credit score. Then compare interest rates and repayment terms to find a deal that suits you.
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Use the money your way
You could use your loan for things like buying a car, making home improvements, or consolidating existing debts. If you’re approved, the lender will usually pay the money into your bank account.
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Repay monthly
You’ll repay the loan in regular monthly instalments over an agreed term. A longer term can reduce your monthly payments, but may mean paying more interest overall.
How do I choose the best £10,000 loan?
Before borrowing £10,000, make sure you’re choosing a deal that works for your circumstances.
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Assess the repayment term
A longer term can reduce your monthly payments but increase the amount of interest you pay overall. Compare different repayment periods to find a balance between affordability and total cost.
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Compare the total amount repayable
Look at how much you’ll repay over the full loan term, not just the monthly payment. Two loans with similar monthly costs could have very different overall costs.
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Check what you can afford
Make sure the monthly repayments fit comfortably within your budget alongside your bills and other financial commitments. Consider whether you could still afford them if your circumstances changed.
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Understand APR
APR, or Annual Percentage Rate, includes the interest rate and certain fees or charges, helping you compare the overall cost of different loans.
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Check your eligibility
Use an eligibility checker to see which loans you’re more likely to be approved for without affecting your credit score. This can help you narrow down your options before making a full application.
Top tips for a successful loan application
Check you meet the lender’s criteria
Lenders usually have basic eligibility requirements, such as being aged 18 or over and being a UK resident. Check these before you apply so you don’t make an application for a loan you’re unlikely to qualify for.
Limit the number of applications you make
A formal loan application usually involves a hard credit check, which appears on your credit file. Making several applications over a short period could reduce your chances of being accepted. Using an eligibility checker first can help you see which loans you’re more likely to qualify for without affecting your credit score.
Review your credit report
Check your credit report before applying and make sure the information is accurate. Look for things like existing credit agreements, missed payments and financial links with other people. It’s also worth checking you’re registered on the electoral roll at your current address.
Kara Gammell
Personal Finance & Insurance Expert
What does APR mean?
APR stands for annual percentage rate, and it basically means the interest rate at which you’ll pay back the £10,000. It includes the main interest rate of the loan, but also takes any other fees and charges into account so you get a better picture of the loan’s total cost.
When you see a representative APR advertised on a loan, it means this rate must be offered to at least 51% of applicants – you won’t be guaranteed to get this rate yourself, as this will be based on your personal circumstances.
What is a soft search?
A soft search is how we find out where you stand in terms of getting a loan without affecting your credit report, so you can find a loan you’ll be eligible for without damaging your chances of being successful when you apply.
What happens if I miss repayments on a loan?
If you miss a repayment on your loan, you risk having to pay a late fee – but you may also lose any low- or zero-interest incentives you have. Your interest rate could even go up for future repayments.
What is a repayment holiday?
A repayment holiday is when you agree with your lender that you don’t need to make your repayments for a set period of time – which can be useful if you’ve had a change in circumstances. For example, you might benefit from a payment holiday during times of unemployment, maternity or other surprise expenditures.
Can I pay off my £10k loan early?
You will normally be able to pay all of part of your loan off early, but it may involve an early repayment charge.
What if I’m struggling to repay my £10,000 loan?
If you think you might struggle to make your loan repayments you should contact your lender as soon as possible.
They may be able to help you figure out an alternative payment plan if you do, but if you don’t you could be penalised for missing your repayments.
How quickly can I get the money?
Once you’ve been approved for your loan you should receive the funds fairly quickly – but this will depend on the lender, as each will have their own policy. In some cases you could get your loan funds within days.
Am I eligible for a £10,000 loan?
Your eligibility for a £10,000 loan will depend on the lender’s eligibility requirements. Generally, the better your credit score, the more likely you’ll be accepted for a loan. However, there are specialist lenders out there who lend to people with bad credit. You’ll also usually have to be over 18 to be accepted for a loan.
Are there any fees associated with a £10k loan?
There might be fees with a £10k loan. The exact amount will vary depending on your lender and the conditions of the loan. Some fees you may encounter include:
Late Payment Fee: If you don’t make your loan repayments on time, you could face a late payment fee. If you’re experiencing loan repayment difficulty, contact your lender immediately. Late loan repayments can harm your credit score and make borrowing money difficult in the future.
Early Repayment Fee: You might think paying your loan off early can be a good thing. However, you can incur an early repayment fee if you pay before the agreed upon loan term.
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You might be wondering if we work with all the companies in the market, or if our commercial relationships with our partners might make us feature one company above another. We’ve got nothing to hide, and we want to give you clear answers when it comes to questions like these, so we’ve pulled together everything you need to know on this page.
Lenders
Curious about who’s behind the loans? Take a look at each lender’s page below to learn more:
Reviewed on 1 Sep 2026 by
Accurate as of 02 September 2026.
Selected providers. SuperSaveClub restrictions and T&Cs apply. Click here for details.
YouGov Survey 1st July 2024 to 30th June 2025. Net Recommend score derived from “Which of the following online service websites would you recommend to a friend or colleague, or tell them to avoid?” Base: Current Customers of (MoneySuperMarket n=18,382, Compare the Market n=16,802, Go.Compare n=10,162, Confused.com n=8,229, Uswitch n=528).
Based on the median guaranteed credit limit of users searching for credit cards to have interest free spending through MoneySuperMarket in August 2026, by the highest eligibility rating returned.
