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When you’re pre-approved, the loan amount, duration and interest rate are all confirmed
Find the right £10,000 loan for you
Compare deals without harming your credit score
We do the heavy lifting, so you don't have to. We work with leading providers to help you borrow the money you need.
Taking out a loan could be the right choice for you if you need help financially for a specific reason – whether that's buying a new car, making home improvements or dealing with existing debt.
MoneySuperMarket can help find the right loan online and our eligibility checker tool will show you your chance of being accepted, so you can apply in confidence.
We compare UK loan deals from leading providers across the market and searching won’t affect your credit score in any way.
MoneySuperMarket is a credit broker – this means we’ll show you products offered by lenders. You must be 18 or over and a UK resident.
How much your £10,000 loan will cost will depend on a number of different factors including:
The loan term: The ‘term’ or length you choose for your loan
The interest you’ll pay: This will be decided by your lender, based on your financial situation and credit rating
Usually, the longer your loan term, the lower your monthly repayments will be – but you’re likely to pay more interest overall, so it can end up being more expensive.
Want a better idea of how much your loan will cost you? Our loan calculator can help you work out the total cost of your loan by factoring in the interest rate or APR, the loan term and how much you’re looking to borrow.
When you apply for a loan, it’s not always clear what deal you’ll be offered or whether you’ll be accepted. But when you’re pre-approved for a loan, you know the deal you see is the deal you’ll get – you’ll know where you stand, with information that will help you make the right choice.
When you’re pre-approved, the loan amount, duration and interest rate are all confirmed
When you know what you’ll be able to borrow and how much it will cost, you can choose a loan that’s right for you
This helps protect your credit score as you're less likely to be rejected when you apply
If you’ve struggled with debts in the past and have a low credit score it could be more difficult to get a £10,000 loan. But it's not impossible to borrow, even with a poor credit history - just be confident you can afford the repayments.
Specialist lenders offer loans for bad credit - although you may not be able to borrow as much as £10,000 and the interest rate could be high.
Secured loans, where you put down a valuable asset, such as your home, as security, and guarantor loans – where a friend or family member with a better credit score agrees to be liable for the debt if you cannot pay, are both potential options. But you may not be able to borrow large sums.
Boost your chances of getting a better loan deal by improving your credit score with our free credit monitor service.
Representative 29.9% APR
There are different types of loans available - which you can get will depend on your financial situation and your credit score…
You don’t need to put any assets down as security, but you may need a good credit score to be eligible
You’ll be required to put up a valuable asset – usually your home – as security to get the loan
See personalised deals and find the right loan for you
We’ll need to know a bit about you and your finances. For secured loans, register yourself as a homeowner in the search
We’ll show you loans you’re eligible for from leading providers across the market
You’ll be able to sort loans by the overall cost and the likelihood you’ll be accepted
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.
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.
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.
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.
You will normally be able to pay all of part of your loan off early, but it may involve an early repayment charge.
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.
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.
You work hard to earn your money, and we don’t think you should waste a penny of it paying over the odds on your household bills. That’s why at MoneySuperMarket, we’re on a mission to save Britain money.
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So how do we make our money? In a nutshell, when you use us to buy something, we get a reward from the company you’re buying from.
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.