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£5,000 loans

Compare great deals on £5,000 loans

  • See your chances of being accepted
  • Compare loans from market leading providers
  • Searching won’t harm your credit score

Our loan service comes highly rated

 

At MoneySuperMarket our goal is to provide the best way to find a great loan deal – so comparing with us is quick and easy.

 

Join thousands of happy customers who’ve found a loan with us.

8.1/10

of our customers would buy again based on 2,599 reviews

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Choosing a £5000 loan with MoneySuperMarket

If you’re looking to make home improvements, purchase a car or pay for wedding costs, then a £5,000 loan could be a great option. Borrowing the money upfront and paying it back in instalments can help you to budget and pay off the cost over a longer time frame.

 

 

When you search for a £5,000 loan online with MoneySuperMarket we compare deals from leading UK loan providers across the market. 

It’s quick and simple and we’ll also show you your chances of being accepted for each loan so you can apply in confidence. Searching won’t affect your credit score.

 

Compare loans from over 40 lenders, right across the market

We do the heavy lifting, so you don't have to. We work with leading providers to help you borrow the money you need.

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How much will a £5000 loan cost?

 

The overall cost of your £5,000 loan will depend on the following:

  • How long you’re borrowing for – you can specify this in your application

  • How much interest you’re paying – this will be set by your lender based on your individual circumstances and credit score

Longer terms usually have lower monthly repayments, but you’ll end up paying more interest overall – so it’s more expensive. Our loan calculator can help with number crunching, and here are some worked loan examples:

 

Example of costs of a £5k loan

  3.5% APR over three years 3.5% APR over five years 5% APR over five years
Monthly repayments £146.39 £90.84 £94.10
Total cost of loan and credit £5,270 £5,450 £5,646


These rates were chosen for illustration purposes and are not based on any products available with MoneySuperMarket. Calculations were made using MoneySuperMarket’s loan calculator. Data compiled by MoneySuperMarket for the period Nov 2020 to Nov 2021 and correct as of November 2021.

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.

  • question set image

    Apply with confidence

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

  • chance of approval image

    Tailored to you

    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

  • Credit Monitor image

    You’re in safe hands

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

 

 

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Can I get a £5000 with bad credit?

If you’ve had debt problems in the past and you’ve got a poor credit rating your choice of loans may be limited. But this doesn’t mean there aren’t options available. 

Specialist lenders can offer bad credit loans. They’re aimed at those with a poor or limited credit history, so they’re easier to qualify for. But they usually have higher interest rates and lower borrowing limits – so they can be more expensive. Taking steps to improve your credit score and comparing with MoneySuperMarket could mean bigger savings in interest by finding a great deal.

Representative 29.9% APR

 

What type of loan can I get?

There are different types of loans available depending on your needs. Which loan you can get will depend on your financial situation and your credit score…

  • number one icon

    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

  • number two icon

    Secured loans

    You’ll be required to put up a valuable asset – usually your home – as security to get the loan

  • number three icon

    Guarantor loans

    You’ll need a friend or family member to be jointly liable for your loan. Can be an option if your credit rating is low

 

 

 

How to apply for a £5000 loan with MoneySuperMarket

We’re here to help find the right loan for you, so we’ll tell you which rates you’re guaranteed to get.

  • Results

    It doesn’t take long

    Tell us a little about yourself, your finances and the loan you want

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    We’ll browse the market

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

  • Guaranteed cards

    Compare loans

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

It is up to you to choose a guarantor, but it should be someone who you trust – such as a close friend or family member. In order to qualify as a guarantor, they’ll need to meet the following criteria:

  • They must be at least 18 – or in some cases 21
  • They must be in full-time employment

You won’t be able to use your spouse or someone with whom you’re financially linked – for example, anyone with whom you have a joint bank account or mortgage.

soft-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 a loan you’ll be eligible for without harming your chances of being accepted.

 

A repayment holiday is when you don’t have to make any loan repayments for a certain period of time that you’ve agreed with your lender. They’re generally good for when you’ve had a temporary change of circumstances, such as unemployment, maternity, or unexpected expenditures.

 

You’ll normally be able to pay off all or part of your loan early, though some lenders may have an early payment charge.

If you’re struggling with your finances and you think you might not be able to make your repayments, you should call your lender as soon as possible – they may be able to help you work out an easier repayment plan or a repayment holiday. Not letting your bank know could mean you’ll be penalised for missing any payments.

 

Once you’ve been approved for a loan, depending on your lender, 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.

 

 

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.

  • Whip your credit score into shape with Credit Monitor
  • Super save over and over again with Energy Monitor
  • There are always more ways to save with MoneySuperMarket 

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.