£5,000 loans over three years

Loans

£5,000 loans over three years

By Rob Goodman

Article 1 of 3

Put us to the test

Our Test Labs compare features and prices on a range of products. Try Which? to unlock our reviews. You'll instantly be able to compare our test scores, so you can make sure you don't get stuck with a Don't Buy.

£5,000 loans over three years

We’ve analysed more than 60 unsecured loan products to find the cheapest deals available.

The table below shows the best deals available for a £5,000 loan paid back over three years. If you're looking for a way to spread the cost of a big purchase, you may want to consider one of the deals below.

Provider APR £5000 over 3 years APR help Total repayable over term Total repayable over term help Monthly repayment (£) Monthly repayment help Risk-based pricing Risk-based pricing help Early repayment penalties Early repayment penalties help Homeowner Homeowner help

Ikano Bank

 Ikano Bank logo

3.8% £5,293.08 £147.03 Yes Yes No

Representative example: The table shows the monthly repayment and total cost of a £5,000 loan at a fixed rate of 3.8% APR Representative.

Provider APR £5000 over 3 years APR help Total repayable over term Total repayable over term help Monthly repayment (£) Monthly repayment help Risk-based pricing Risk-based pricing help Early repayment penalties Early repayment penalties help Homeowner Homeowner help
Marks & Spencer Money Marks & Spencer 3.8% £5,293.08 £147.03 Yes Yes No

Representative example: The table shows the monthly repayment and total cost of a £5,000 loan at a fixed rate of 3.8% APR Representative.

Provider APR £5000 over 3 years APR help Total repayable over term Total repayable over term help Monthly repayment (£) Monthly repayment help Risk-based pricing Risk-based pricing help Early repayment penalties Early repayment penalties help Homeowner Homeowner help
CahootCahoot 3.8% £5,296.32 £147.12 Yes Yes No

Representative example: The table shows the monthly repayment and total cost of a £5,000 loan at a fixed rate of 3.8% APR Representative.

Provider APR £5000 over 3 years APR help Total repayable over term Total repayable over term help Monthly repayment (£) Monthly repayment help Risk-based pricing Risk-based pricing help Early repayment penalties Early repayment penalties help Homeowner Homeowner help

Hitachi Personal Finance 

 

4.2% £5,323.68 £147.88 Yes Yes No

Representative example: The table shows the monthly repayment and total cost of a £5,000 loan at a fixed rate of 4.2% APR Representative.

Provider APR £5000 over 3 years APR help Total repayable over term Total repayable over term help Monthly repayment (£) Monthly repayment help Risk-based pricing Risk-based pricing help Early repayment penalties Early repayment penalties help Homeowner Homeowner help

Sainsbury's Nectar Loan

4.2% £5,324.04 £147.89 Yes Yes No

Representative example: The table shows the monthly repayment and total cost of a £5,000 loan at a fixed rate of 4.2% APR Representative.

Provider APR £5000 over 3 years APR help Total repayable over term Total repayable over term help Monthly repayment (£) Monthly repayment help Risk-based pricing Risk-based pricing help Early repayment penalties Early repayment penalties help Homeowner Homeowner help

Sainsbury's Bank Non Nectar

4.3% £5,331.60 £148.10 Yes Yes No

Representative example: The table shows the monthly repayment and total cost of a £5,000 loan at a fixed rate of 4.3% APR Representative. 

Provider APR £5000 over 3 years APR help Total repayable over term Total repayable over term help Monthly repayment (£) Monthly repayment help Risk-based pricing Risk-based pricing help Early repayment penalties Early repayment penalties help Homeowner Homeowner help
Tesco Bank Clubcard Loan 4.3% £5,331.60 £148.10 Yes Yes No

Representative example: The table shows the monthly repayment and total cost of a £5,000 loan at a fixed rate of 4.3% APR Representative.

Provider APR £5000 over 3 years APR help Total repayable over term Total repayable over term help Monthly repayment (£) Monthly repayment help Risk-based pricing Risk-based pricing help Early repayment penalties Early repayment penalties help Homeowner Homeowner help

Clydesdale Bank

4.4% £5,339.47 £148.32 Yes Yes No

Representative example: The table shows the monthly repayment and total cost of a £5,000 loan at a fixed rate of 4.4% APR Representative.

Provider APR £5000 over 3 years APR help Total repayable over term Total repayable over term help Monthly repayment (£) Monthly repayment help Risk-based pricing Risk-based pricing help Early repayment penalties Early repayment penalties help Homeowner Homeowner help

Yorkshire Bank

Yorkshire Bank

4.4% £5,339.47 £148.32 Yes Yes No

Representative example: The table shows the monthly repayment and total cost of a £5,000 loan at a fixed rate of 4.4% APR Representative.

Provider APR £5000 over 3 years APR help Total repayable over term Total repayable over term help Monthly repayment (£) Monthly repayment help Risk-based pricing Risk-based pricing help Early repayment penalties Early repayment penalties help Homeowner Homeowner help
RAC RAC  4.5% £5,346.72 £148.52 Yes Yes No

Representative example: The table shows the monthly repayment and total cost of a £5,000 loan at a fixed rate of 4.5% APR Representative.

Provider APR £5000 over 3 years APR help Total repayable over term Total repayable over term help Monthly repayment (£) Monthly repayment help Risk-based pricing Risk-based pricing help Early repayment penalties Early repayment penalties help Homeowner Homeowner help

Santander

4.9% £5,381.28 £149.48 Yes Yes No

Representative example: The table shows the monthly repayment and total cost of a £5,000 loan at a fixed rate of 4.9% APR Representative.

Provider APR £5000 over 3 years APR help Total repayable over term Total repayable over term help Monthly repayment (£) Monthly repayment help Risk-based pricing Risk-based pricing help Early repayment penalties Early repayment penalties help Homeowner Homeowner help

Tesco Bank Standard Loan 

 

5% £5,385 £149.60 Yes Yes No

Representative example: The table shows the monthly repayment and total cost of a £5,000 loan at a fixed rate of 5% APR Representative.

Provider APR £5000 over 3 years APR help Total repayable over term Total repayable over term help Monthly repayment (£) Monthly repayment help Risk-based pricing Risk-based pricing help Early repayment penalties Early repayment penalties help Homeowner Homeowner help

The AA

AA

5.4% £5,416.67 £150.46 Yes Yes No

Representative example: The table shows the monthly repayment and total cost of a £5,000 loan at a fixed rate of 5.4% APR Representative.

Provider APR £5000 over 3 years APR help Total repayable over term Total repayable over term help Monthly repayment (£) Monthly repayment help Risk-based pricing Risk-based pricing help Early repayment penalties Early repayment penalties help Homeowner Homeowner help

The Post Office

5.4% £5,416.67 £150.46 Yes Yes No

Representative example: The table shows the monthly repayment and total cost of a £5,000 loan at a fixed rate of 5.4% APR Representative.

Provider APR £5000 over 3 years APR help Total repayable over term Total repayable over term help Monthly repayment (£) Monthly repayment help Risk-based pricing Risk-based pricing help Early repayment penalties Early repayment penalties help Homeowner Homeowner help

Nationwide BS

5.5% £5,426.48 £150.68 Yes Yes No

Representative example: The table shows the monthly repayment and total cost of a £5,000 loan at a fixed rate of 5.5% APR Representative. 

Help

APR

The annual rate of interest charged on the loan, including any related fees. This is a Representative rate which means you may be offered a different one depending on your credit history.

Back to APR in money table

Total repayable

The total amount you'll repay over the 5-year loan term.

Back to Total repayable in money table

Monthly repayment

The fixed amount you'll have to repay each month.

Back to Monthly repayment in money table

Risk-based pricing

If a lender uses risk-based pricing, you may be offered a loan at a higher interest rate than the one listed below, depending on your credit history.

Back to Risk-based pricing in money table

Early repayment penalties

Whether you'll have to pay an extra fee if you want to repay the loan early.

Back to Early repayment penalties in money table

Homeowner

Whether you need to be a homeowner to get the loan.

Back to Homeowner in money table

How we choose Best Rate personal loans

All the Best Rate loan providers listed by Which? are signed up to the Lending Code, which sets the minimum standards for the way banks, building societies and other providers should treat their customers.

Our Best Rate loans are widely available across the UK, and consumers do not need to own any other financial products from an institution in order to qualify for them.

Lots of loan providers use risk-based pricing to determine what interest rates their customers get. This means you might not end up with the same rate as the one you saw advertised, as the rate you get is based on your credit score.

If you want to know what personal loan rate you’ll get when you apply, go for a Best Rate loan that doesn’t use risk-based pricing.

If you think there’s a chance you might be able to repay your loan early, look for a Best Rate without any early repayment charges.