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£3,000 LOANS

Compare deals on £3,000 loans

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Check your eligibility for a loan

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Compare loans from 44[2]Accurate as of 14 February 2025. lenders, right across the market

Our wide range of FCA-regulated direct lenders and brokers help you borrow the money you need from a provider you can trust.

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How is your loan cost calculated?

The total cost of your £3,000 loan will depend on the following factors:

  • How long you borrow for – you can specify the term in your application

  • How much interest you’ll pay – this will be set by your lender based on your credit score

Most UK lenders consider £3,000 loans as a ‘small loan’. Compared to larger loans, you can expect to pay a higher rate, as small and short-term loans tend to cost more for lenders to provide.

Our loan calculator can help you work out what a small loan might cost.

How much could a £3,000 loan cost?

MoneySuperMarket data from September 2024 indicates that the average APR for someone taking out a loan between £3,000 and £5,000 is 29.0%, with a typical loan term of 3 years. Here’s what that would cost:

Loan Details

Amount

Loan amount

3,000

APR

29.0%

Monthly payment

£125.72

Total interest paid

£1,525.82

Total repayment amount

£4,525.82

With a pre-approved loan, the deal you see is the deal you get

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.

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    Apply with confidence

    When you’re pre-approved, the loan amount, duration and rate are all confirmed

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    Tailored to you

    When you know what you’ll be able to borrow and how much it will cost, you can choose the right loan for you

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    You’re in safe hands

    This helps protect your credit score as you’re less likely to be rejected when you apply for credit

Can I get a £3,000 loan with bad credit?

Even if you’ve struggled with debts in the past and have a low credit score, you still may be accepted for a £3,000 loan. But you may be offered:

  • Higher interest rates or APR

  • A smaller loan amount

There are specialist lenders who offer loans to those with a less than perfect credit history. But for a £3,000 loan for poor credit, you’ll typically have to pay higher interest rates.

Representative 29.9% APR

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Why compare loans for £3,000 with MoneySuperMarket

We’re here to help you find the right small loan for your needs

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    Compare at a glance

    You see the key information upfront straightaway, such as the interest rate and monthly repayments, so you can easily compare £3,000 loans


  • Protect your credit score

    Good news: when you compare loans with MoneySuperMarket, you don't have to worry about hurting your credit score as we'll only carry out a soft search.

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    We’ll browse the market

    We’ll search through loans from a wide range of lenders on the market

What type of loan can I get?

There are different types of loan available when you want to borrow £3,000. These include:

  • 1-One

    Unsecured personal loans

    You don’t need to put any assets down as security, but you may need a good credit score to be eligible

  • Marker-Number-2-50x50

    Guarantor loans

    You’ll need a friend or family member (guarantor) to be jointly liable for your loan. An option if your credit rating is low 

  • Marker-Number-3-50x50

    Payday loans

    Designed for short-term cash shortages and often known as emergency loans. Tread with caution as rates and fees can be high

How to compare £3,000 loans with MoneySuperMarket

Find the right loan for you and see which rates you’ll be guaranteed to get.

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    Choose your loan

    You’ll be able to sort loans by the overall cost and the likelihood you’ll be accepted.

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    We’ll browse the market

    We’ll search through loans from a wide range of lenders on the market

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    Weigh up your options

    You’ll be able to sort loans by the overall cost and the likelihood you’ll be accepted

Our expert says…

Compared to other forms of credit, such as credit cards, a small loan of £3,000 can be a cost-effective, comparatively cheap way to borrow. For that reason, it could be a viable option for funding emergency expenses, for instance car repairs or new household appliances. As with all loans, though, you want to find the best deal for your circumstances and carefully do your sums. So be sure to try our free-to-use eligibility checker and comparison tables, so you get the right loan for your circumstances, at the best rate you can.

Kara Gammell Personal Finance Expert

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MoneySuperMarket has won the Feefo Platinum Trusted Service Award, an independent seal of excellence, which recognises businesses that consistently deliver a world-class customer experience.

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Get clued up on loans with our range of expert guides

If you’re looking for more information about loans, you’ve come to the right place. We have many guides you can read to help you get to grips with loans. 

APR, or your Annual Percentage Rate, takes into account the interest rate you pay, plus any other fees or charges involved in the deal, to give you a more complete picture of what your loan will cost each year.  

When you see a rate advertised as the representative APR, this means the lender is required to offer this rate to at least 51% of applicants – however it doesn’t mean you’re guaranteed to receive this rate yourself. 



A ‘soft’ credit search or soft-application is a way of finding out where you stand in terms of getting a loan without leaving a mark on your credit report. It’s a useful way of finding out what your eligibility for loans is like without harming your chances of being accepted.

Once you’ve been approved for a loan, depending on your provider, you could receive the funds into your bank account very quickly – this could be the next day, for example, or within the next week or two. If you’ve applied by phone or post it may take slightly longer. Things can also take a bit longer if your application or your financial circumstances are more complicated. 

Typically most loan providers will allow you to pay off part or all of your loan early, although there may be an early repayment charge. It’s best to check what this charge might be before you apply for the loan – if you think you may want to redeem early.

Depending on your repayment terms, missing loan repayments can mean extra charges and interest will be applied by your lender – this could increase your debt burden and it could also have a negative effect on your credit score. If you’re struggling or you know you might not be able to afford your repayments speak to your lender immediately to explain the situation and work out a solution.

It is possible to get a £3,000 loan without a guarantor if you meet the lender’s criteria. But in some cases, if you have a history of bad credit, the interest rates offered may be quite high. A guarantor loan is an option to consider for those who need a loan but have poor credit.

You can search and compare different loan deals on MoneySuperMarket and it will not affect your credit score in any way. But once you make a formal application for any loan in the UK the lender will do a credit check. This is to safeguard that the loan is suitable for you and affordable.

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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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.