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£5,000 loans

Find a great deal on a £5,000 loan

  • Compare £5k loans from a range of trusted providers

  • Our soft search won't harm your credit score

  • See your personalised chance of being accepted

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MoneySuperMarket is a credit broker not a lender. You must be 18 or over and a UK resident.

Compare loans from 37 lenders, right across the market1

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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1Accurate as of April 2024

How do £5,000 loans work?

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 fixed 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. 



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How much will a £5,000 loan cost?

How much a £5,000 loan will cost you will depend on a number of factors, including: 

  • The loan term: The ‘term’ of your loan is how long you’ll be borrowing for. You can decide how long you want your loan term to be when you apply 

  • The interest rate or APR: This will be decided by your lender, based on your financial history and your credit rating 

Usually, the longer your loan term, the lower your monthly repayments will be – but you’ll pay more interest on a longer loan, so it’ll be more expensive overall.  

Our loan calculator can help you work out the total cost of your loan over different terms and at different interest rates.  



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Why compare £5000 loans with MoneySuperMarket

It's easy to find the right loan with us - and it won't hurt your credit score.

  • It's quick and easy

    You just need to tell us a bit about you and the loan you're after. Once you've found the right loan, you can click through to the provider and complete your application within minutes.

  • We'll search the market

    We have a wide range of leading lenders for you to compare loans from. When searching with us, you can order loans by likelihood of you being accepted to ease any fears of rejection.

  • 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.

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.

  • Apply with confidence

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

  • 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 

  • You’re in safe hands

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

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 – meaning they are more expensive. Representative 29.9% APR. 

Taking steps to improve your credit score and comparing with MoneySuperMarket could mean bigger savings in interest by finding a great deal. 

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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.

  • It doesn’t take long

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

  • We’ll browse the market

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

  • 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.

You can typically get a £5,000 loan without a guarantor if you have a good credit score.  

Borrowers who have struggled with debts in the past and have a low credit score, and those who have never borrowed before and have no credit history may struggle to get a £5,000 loan – or a loan at a competitive interest rate. This is where sometimes a guarantor loan may be a better option.  

Always research the different borrowing options and consider the pros and cons of a loan. If you borrow on a loan and get into difficulties with your repayments you could further damage your credit score. 

 



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.

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