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Lloyds admits PPI failings
Lloyds admits PPI failings

The practices of one of the UK’s biggest banks have fallen under the spotlight yet again, following ... More

Hitachi Personal Finance launches loan deals
Hitachi Personal Finance launches loan deals

A new lender has entered the personal loans market, armed with a range of competitive rates availabl... More

OFT urged to toughen up on payday lenders
OFT urged to toughen up on payday lenders

The Office of Fair Trading (OFT) has been accused of being “too passive” in its approach to regulati... More

Millions refused credit due to poor ratings
Millions refused credit due to poor ratings

Almost seven million people were refused financial credit over the past twelve months as a result of... More

Payday lender failings uncovered by CAB
Payday lender failings uncovered by CAB

Failings by payday lenders have once again fallen under the microscope, following an eye-opening stu... More

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Guide to Payday Loans
Guide to Payday Loans

Payday loans are a very expensive way to borrow money. Make sure you’ve considered all the alternati... More

Borrowing from a peer-to-peer lending website
Borrowing from a peer-to-peer lending website

Zopa led the way in peer-to-peer (P2P) lending, the internet phenomenon that matches borrowers direc... More

Personal Loans Guide
Personal Loans Guide

A personal loan or unsecured loan is a way of borrowing up to £25,000 from a bank or building societ... More

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Sainsbury’s Bank slashes loan rate
Sainsbury’s Bank slashes loan rate

Sainsbury’s Bank has reduced the rate on it Standard Nectar Cardholder Loan for all borrowing betwee... More

Derbyshire BS reduces loan rate
Derbyshire BS reduces loan rate

Derbyshire Building Society has cut the rate on its Online Personal Loan by 0.1%, pushing it to the ... More

Sainsbury’s Bank slashes loan rates
Sainsbury’s Bank slashes loan rates

Hot on the heels of Tesco Bank’s revised loan rate comes this rate cut from Sainsbury’s Bank, affect... More

Tesco Bank reduces loan rate
Tesco Bank reduces loan rate

Tesco Bank has reduced its Personal Loan rate by up to 0.8% across selected borrowing tiers, boostin... More

Derbyshire BS cuts loan rates
Derbyshire BS cuts loan rates

For a limited time only, Derbyshire Building Society has cut rates across its Online Personal Loan r... More

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Best Buy personal loans (£5K over 3 years)

  - Compare the best loans for £5,000 over 3 years. See how much you could pay and apply online today where you see a provider's logo.

Compare the Best £5K loan over 3 years

Compare
Up to 3 products
side by side 		Total Amount Repayable (cost of credit) Monthly RepaymentAdditional InformationSearch all
78 Personal Loans
 
Hitachi Capital (UK) PLC

Hitachi Personal Loan		 £5501.52
(£501.52)		 £152.82
  • Electronic signature accepted so money can be in the account within 48 hours
Details...
Proceed		 
  Representative Example: Based on a loan of £5,000. Representative 6.5% APR fixed. Total amount repayable £5501.52 at £152.82 per month for 36 months. 
Sainsbury's Bank

Standard Nectar Cardholder Loan		 £5524.56
(£524.56)		 £153.46
  • Available to shoppers with a Nectar card used with Sainsbury's in the last 6 months
Details...
Proceed		 
  Representative Example: Based on a loan of £5,000. Representative 6.8% APR fixed. Total amount repayable £5524.56 at £153.46 per month for 36 months. 
Santander

Online Personal Loan		 £5532.48
(£532.48)		 £153.68
  • In most cases, decision made within 24 hours
Details... 
  Representative Example: Based on a loan of £5,000. Representative 6.9% APR fixed. Total amount repayable £5532.48 at £153.68 per month for 36 months. 
Clydesdale Bank

Online Personal Loan		 £5532.48
(£532.48)		 £153.68
  • Available to new and existing customers, age restrictions and minimum income apply
Details...
Proceed		 
  Representative Example: Based on a loan of £5,000. Representative 6.9% APR fixed. Total amount repayable £5532.48 at £153.68 per month for 36 months. 
Tesco Bank

Personal Loan		 £5540.04
(£540.04)		 £153.89
  • Rates available to new and existing customers
Details... 
  Representative Example: Based on a loan of £5,000. Representative 7.0% APR fixed. Total amount repayable £5540.04 at £153.89 per month for 36 months. 
M&S Bank

Personal Loan		 £5547.96
(£547.96)		 £154.11
  • To apply you must be aged 30 or over, or be a home owner
Details... 
  Representative Example: Based on a loan of £5,000. Representative 7.1% APR fixed. Total amount repayable £5547.96 at £154.11 per month for 36 months. 
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NatWest

Existing Customer Online Personal Loan		 £6303.24
(£1303.24)		 £175.09
  • Current account required with lender to repay loan
Details...
Proceed		 
  Representative Example: Based on a loan of £5,000. Representative 16.9% APR fixed. Total amount repayable £6303.24 at £175.09 per month for 36 months. 
The Co-operative Bank

Personal Loan		 £6072.48
(£1072.48)		 £168.68
  • Applicants must be UK residents, and have a minimum annual income of £10,000
Details...
Proceed		 
  Representative Example: Based on a loan of £5,000. Representative 13.9% APR fixed. Total amount repayable £6072.48 at £168.68 per month for 36 months. 
Zopa

A*		 £
(£)		 £
  • Application fee of £20 applies
Details...
Proceed		 
  Representative Example:  
Compare
Last Updated: Wednesday 19 June 2013 00:32
Disclaimer:
The APR quoted is representative of the interest rate offered to most applicants. Depending on your personal circumstances the APR you are offered may be higher. Please check all rates and terms before borrowing.

Moneyfacts.co.uk Limited is an independent credit broker. We will receive a payment from credit providers where customers link to them from Moneyfacts.co.uk. None of these arrangements affects our independence.

 

Loans: Best £5K Loans explained

Moneyfacts researchers compare the market for cheap loans to show you the best loans on offer in the UK. The loan rates we show in our £5K Loan Best Buy table are based on borrowing at least £5000 over a loan repayment period of 3 years.  The loans in this Best Buy are called "personal" or "unsecured" loans as they are not secured against your property. 

To ensure you really are getting a cheap loan, there are a number of things you should consider before applying for a loan.  A lender may advertise a loan with deferred repayments, which means you don’t make any loan repayments for a few months at the start. Don't forget that interest will still roll up, making both the monthly repayment and the total amount repayable larger. The same applies to personal loans with 'payment breaks' during the loan term if you make use of these.  Some banks may make a payment into your account on the same day you apply but you could incur a fee. 

Read our tips on how to find the cheap loans here.