100% Recommend

Dave Beard

Expertly compared by Dave Beard

Products Updated July 3, 2021

The actual rate you're offered will depend on your personal circumstances – including your credit rating.

13 providers expertly compared:

Natwest Bank

Loan Amount
£7,500 - £19,950

Annual Percentage Rate (APR)
3.9%

Loan Term
1 - 5 years

Loan Type
Unsecured Personal Loan

Status
Homeowners & Tenants

Rated 4.8/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

3.9%

Total repaid will be:

£50,805

With the Natwest if you're thinking about buying a new car, getting your your finances in order or making some new home improvements then a loan from the Natwest could be just what you need.

Representative Example

13 providers expertly compared:

Royal Bank of Scotland

Loan Amount
£1,000 - £50,000

Annual Percentage Rate (APR)
3.9%

Loan Term
1 - 5 years

Loan Type
Unsecured Personal Loan

Status
Homeowners & Tenants

Rated 4.5/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

3.9%

Total repaid will be:

£50,805

To apply, you must be 18+ and a UK resident with a Royal Bank of Scotland current account (held for 3+ months). Borrowing money is a big decision. But with a personal loan from the RBS, it doesn't have to be a headache.

Representative Example

13 providers expertly compared:

Hastings Direct

Loan Amount
£1,000 - £25,000

Annual Percentage Rate (APR)
3.8%

Loan Term
0 - 5 years

Loan Type
Unsecured Personal Loan

Status

Rated 4.5/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

3.8%

Total repaid will be:

£50,805

If you're looking to replace your car, planning on some new home improvements, or you simply wish to get your finances in order, a personal loan from Hastings Direct could be the funding solution you're looking for.

Representative Example

13 providers expertly compared:

AA Loans

Loan Amount
£1,000 - £25,000

Annual Percentage Rate (APR)
3.1%

Loan Term
1 - 7 years

Loan Type
Personal Loan

Status
Homeowners & Tenants

Rated 4.7/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

3.1%

Total repaid will be:

£50,805

The AA don’t just keep cars on the road, they can keep your finances running just as smoothly aswell. Whether it’s a new purchase, a holiday or getting some help to manage your existing debt the AA is here to help.

Representative Example

13 providers expertly compared:

Post Office

Loan Amount
£1,000 - £25,000

Annual Percentage Rate (APR)
3.1%

Loan Term
1 - 5 years

Loan Type
Unsecured Personal Loan

Status
Homeowners & Tenants

Rated 4.5/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

3.1%

Total repaid will be:

£50,805

Loans from the Post Office are provided by Bank of Ireland UK. Post Office Limited is a credit broker and not a lender. Terms from 1 year to 7 years, depending on the amount borrowed and funds could be transferred the following day with an instant lending decision in most cases.

Representative Example

13 providers expertly compared:

AA Loans

Loan Amount
£1,000 - £25,000

Annual Percentage Rate (APR)
3.1%

Loan Term
1 - 5 years

Loan Type
Unsecured Personal Loan

Status
Homeowners & Tenants

Rated 4.4/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

3.1%

Total repaid will be:

£50,805

The AA don't just keep cars on the road, they can help keep your finances running smoothly too. Whether it's a new purchase, a holiday in the sun or getting some help to manage your existing debt the AA is here to help with a personal loan.

Representative Example

13 providers expertly compared:

Leap

Loan Amount
£100 - £15,000

Annual Percentage Rate (APR)
4%

Loan Term
1 - 6 years

Loan Type
Peer-to-Peer Loan

Status
Homeowners & Tenants

Rated 4.8/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

4%

Total repaid will be:

£50,805

Leap's aim is to help streamline your debts with a low-interest peer-to-peer loan, so you’ll have more money to do more of what you love doing.

13 providers expertly compared:

Lendable

Loan Amount
£1,000 - £25,000

Annual Percentage Rate (APR)
27.9%

Loan Term
1 - 5 years

Loan Type
Unsecured Personal Loan

Status
Homeowners & Tenants

Rated 4.3/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

27.9%

Total repaid will be:

£50,805

Lenable offer fast loans at fair rates. See your rate before you apply - it won’t affect your credit score. Lendable offer a paperless application with instant quotes. You can manage your loan online, top up, repay early without a settlement fee.

Representative Example

13 providers expertly compared:

Koyo

Why?

This provider is our Expert’s Choice in its category as it won tops marks for the following.

  • TRUST
  • VALUE
  • EXPERTISE & KNOWLEDGE
  • CUSTOMER SERVICE

Learn more about how we review and assess the providers here on Lending Expert.

Loan Amount
£1,000 - £7,500

Annual Percentage Rate (APR)
27%

Loan Term
1 - 5 years

Loan Type
Unsecured Personal Loan

Status
Homeowners & Tenants

Rated 4.4/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

27%

Total repaid will be:

£50,805

Koyo offers one-day loan approval and they normally give a decision after 1 full working day. Once approved, Koyo says the money could be in your account within 1 working day.

Representative Example

13 providers expertly compared:

My Community Finance

Loan Amount
£1,500 - £25,000

Annual Percentage Rate (APR)
23.9%

Loan Term
1 - 5 years

Loan Type
Unsecured Personal Loan

Status
Homeowners & Tenants

Rated 4.5/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

23.9%

Total repaid will be:

£50,805

My Community Finance have taken inspiration from the past to build a better financial future - where community matters. They’re a network of Credit Unions and ethical lenders. My Community Finance looks to give everyone access to fairly priced financial products.

Representative Example

13 providers expertly compared:

Oplo

Loan Amount
£2,000 - £15,000

Annual Percentage Rate (APR)
18.2%

Loan Term
2 - 6 years

Loan Type
Poor Credit Lender

Status
Homeowners & Tenants

Rated 4.4/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

18.2%

Total repaid will be:

£50,805

Oplo Personal Loans offer unsecured personal loans from £2,000 to £15,000. Whether you’re looking to buy a new car, a new kitchen or thinking of any type of major purchase they can help secure the funding you need.

Representative Example

13 providers expertly compared:

Buddy Loans

Loan Amount
£999 - £10,000

Annual Percentage Rate (APR)
49.9%

Loan Term
1 - 5 years

Loan Type
Guarantor Loan

Status

Rated 4.2/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

49.9%

Total repaid will be:

£50,805

At Buddy Loans their goal is to pay out your money on the same day of the application and they will still consider your application if you can afford it, even if you have CCJs or DEFAULTS. Buddy Loans can be used for any purpose such as debt consolidation, car purchase or home improvements.

Representative Example

13 providers expertly compared:

Provident

Loan Amount
£100 - £1,000

Annual Percentage Rate (APR)
1557.7%

Loan Term
13 - 52 years

Loan Type
Home credit

Status
Homeowners & Tenants

Rated 4.4/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

1557.7%

Total repaid will be:

£50,805

Provident provide a face to face service. When one of their local Agents approves your loan, they will deliver the cash loan direct to your door and collect your manageable weekly repayments from your home at a time and day that suits you.

Representative Example

Read our customer and visitor reviews for this product:

Rating: 4.5 / 5 with 2 votes

Good comparison

by Mandy Thomson

Good comparison service and lenders to choose from. Easy application form.

Plently of loans to choose from

by SL

These facility by Feasible.co.uk provided many solutions and gave me choice of several lenders as part of the search. Vey fast and no issues using them. Quick to phone me back also.

Get a £5,000 Loan at The Best Rates Possible 

If you are looking to borrow £5,000, Lending Expert can help you find all the best lenders in one place and get the most competitive quote possible. We operate as a whole of market broker and use our price comparison table to help find the right lender for you and the best terms available.

Customers can apply to borrow £1,000 or £5,000 online with options to repay over 1 to 7 years in equal monthly instalments. 

With low rates from just 3.9% APR, you can select the perfect lender based on your requirements and simply click on ‘Check My Eligibility’ to be taken to their website where you can apply.

The average application takes less than 5 minutes and you can receive a provisional quote immediately. Subject to further checks and approval, you can typically receive funds into your bank account on the same day or within a few hours.

 

Key Features

  • Borrow £1,000 to £5,000
  • Repaid over 1 – 7 years
  • Equal monthly repayments
  • Apply online with direct lenders
  • No fees for applying
  • Secured and unsecured lending options
  • Same day funding available

 

What Can a £1,000 Loan Be Used For?

  • Debt consolidation
  • Making home improvements
  • Purchasing a car or vehicle
  • Business or self-employment funding
  • Large expenses or purchases and unexpected costs such as tax bills or emergencies

 

Why Borrow £1,000 or £5,000 with Lending Expert?

When looking for £5,000 loans, there are a lot of lenders out there and it can be difficult to find the best rates or one that is going to accept you. 

The last thing you need is the burden of visiting multiple websites in search of a loan and having numerous credit checks that could affect your credit history.

Our simple price comparison table offers a fully up-to-date, concise list of £5,000 lenders so you can compare different factors such as loan amount, duration and rates charged. 

We are proud to give you a powerful overview of all the options available and this can help you to make an informed decision about your loan. We work with active lenders based in the UK who are looking to fund your application, taking all credit histories into consideration.

At Lending Expert, we do not charge any fees for using our service and applying with any of our direct lenders will not impact your credit score.

 

 

Why Would You Need a £1,000 or £5,000 Loan?

The cash injection of a £5,000 pound loan can be very useful to help pay off any pressing bills or emergencies whether it is a home repairs, car repairs or paying off some debts. 

The amount of £5,000 can also be used for important lifestyle purchases including buying a new car, paying for a wedding or starting a business (see business loans).

The main advantage of a £1,000 or £5,000 loan is that you can repay over 1 to 7 years, giving you the important breathing space to spread repayment over time. You can use the filter at the top of the page provided by Lending Expert to choose your ideal repayment terms.

You also have the flexibility to repay early if you would like. You can simply speak to your lender directly to clear your repayments in full and you could save money on the overall loan since less interest is accruing over time. 

 

What is the Eligibility for a £5,000 Pound Loan? 

  • Over 18 years of age
  • Full-time UK resident
  • Employed (full-time or part-time)
  • Can afford to make repayments
  • Good/fair credit score (unsecured loan)
  • Guarantor or valuable security (secured loan)

 

How Can You Borrow £5,000 with Low Rates? 

If you are looking to borrow £5,000, you have the option to choose between secured, unsecured and guarantor loan products offered by Lending Expert.

Loans for £5,000 can be unsecured loans, so you are not required to put down anything as collateral or risk losing a valuable asset such as your car or home. Instead, the success of your application will be based on your credit status, income and affordability, with the best candidates able to access rates as low as 3.9% APR.

Secured loans can be perfect for those with poorer credit histories, since you can leverage the value of your vehicle or home to borrow the money you need. Depending on the value of your asset, this can help you access £5,000 loans with low rates – however your collateral is at risk if you are unable to keep up with repayments on time.

With guarantor loans, you may be able to access cheap rates if you have a guarantor with a homeowner status and they have a good credit history. This will give the lender confidence that your loan will be repaid on time and you can be eligible for a lower rate between 39.9% to 49.9% APR.

 

How Long Can I Borrow For?

You can borrow £5,000 over 1 years, 3 years, 5 years or 7 years – depending on your personal choice. You have the added flexibility to choose long term loans if you would like to spread repayment over a longer period of time. 

Typically the longer you borrow for, the more expensive it will be since more interest is being charged each month. So it is important to think about how long you will need to borrow for and to avoid overpaying for your loan. However, you always have peace of mind knowing that you can repay your loan early if you would like to. 

 

Can I Borrow £5,000 with Bad Credit? 

If you are searching for a £5,000 loan with bad credit, you may be eligible for an unsecured loan if you meet the eligibility requirements. Otherwise, you may have to add some extra security to your application by adding a guarantor or using some form of collateral to be eligible such as borrowing against your property or car.

If you have a bad credit score, you may pay slightly more interest for your loan to reflect the added risk. However, if you have valuable security, the cost of your loan could be reduced.

When you compare £5,000 loans with Lending Expert, our price comparison table offers a list of safe and effective loan options for you, even if you have a poor credit history.

All loan applications are completed online and there are no costs for applying. You can choose which loan offer you would like to proceed with and if successful, you can usually receive up to £5,000 on the same day or within a few days of applying.

 

Do You Work with Direct Lenders? 

Yes, Lending Expert works with direct lenders so if you are looking to borrow £1,000 or more, you have peace of mind knowing that your application will be processed by the lender from start to finish. We do not charge any fees for using our comparison service and your information will not be shared with any companies without your permission.

 

How Can I Start My Application Today with Lending Expert?

Start your search for a £1,000 loan today by using our price comparison table. Once you have found the right lender for you, click on ‘Apply’ or ‘Check My Eligibility’ where you can apply directly through the lender’s website.

All applications will be subject to further checks and you may be required to show proof of income or ownership of your property. With fast funding often available, you could have your loan ready and transferred to your bank account within a few hours or days.

FAQ

For unsecured products, the amount you can borrow is based on factors such as your monthly income and credit score. For secured products, this will likely depend on the value of your property or vehicle that you are using as collateral.

If you have been turned down for other loans due to your credit history, you could look at using a guarantor loan which includes another person you know to guarantee repayment on your behalf. You could also look at applying for a secured loan, using your property or car as collateral to borrow the money you require.

You will typically need to be employed and earning a regular income to be eligible for a £1,000 or £5,000 loan. In some cases, you could be eligible for a secured loan if you own a valuable asset or property.

Yes, there are non guarantor options available, including unsecured loans which typically require a good credit status and stable income. You could also use your home, property or car as security to borrow money against.

Yes, you can apply if you are self-employed and today, you are treated like any other applicant. You may be required to show proof of income to the lender prior to approval and funding.

If your loan is unsecured, any missed repayments will incur late fees and it will negatively impact your credit rating. If your loan is secured against a property or vehicle, this could be at risk of repossession if you do not keep up with repayments for a long period of time.

Related Links

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Get a quick online loan decision from our approved unsecured lenders. Apply online with Lending Expert.

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