Personal loans: £5,000 loans over three years

We’ve searched the whole personal loans market and analysed more than 60 unsecured loan products to find the cheapest deals available and select our Best Rates.

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 also want to consider a deal.

ProviderAPR £5000 over 3 years APR helpTotal repayable over term Total repayable over term helpMonthly repayment (£) Monthly repayment helpRisk-based pricing Risk-based pricing helpEarly repayment penalties Early repayment penalties helpHomeowner Homeowner help

Ikano Bank

 Ikano Bank logo

4.1%£5,316.48£147.68YesYesNo

Representative example: The table shows the monthly repayment and total cost of a £5,000 loan at a fixed rate of 4.1% APR Representative.

ProviderAPR £5000 over 3 years APR helpTotal repayable over term Total repayable over term helpMonthly repayment (£) Monthly repayment helpRisk-based pricing Risk-based pricing helpEarly repayment penalties Early repayment penalties helpHomeowner Homeowner help

Hitachi Personal Finance 

 

4.2%£5,323.68£147.88YesYesNo

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.

ProviderAPR £5000 over 3 years APR helpTotal repayable over term Total repayable over term helpMonthly repayment (£) Monthly repayment helpRisk-based pricing Risk-based pricing helpEarly repayment penalties Early repayment penalties helpHomeowner Homeowner help

Sainsbury's Nectar Loan

4.2%£5,324.04£147.89YesYesNo

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.

ProviderAPR £5000 over 3 years APR helpTotal repayable over term Total repayable over term helpMonthly repayment (£) Monthly repayment helpRisk-based pricing Risk-based pricing helpEarly repayment penalties Early repayment penalties helpHomeowner Homeowner help

Sainsbury's Bank Non Nectar

4.3%£5,331.60£148.10YesYesNo

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.

ProviderAPR £5000 over 3 years APR helpTotal repayable over term Total repayable over term helpMonthly repayment (£) Monthly repayment helpRisk-based pricing Risk-based pricing helpEarly repayment penalties Early repayment penalties helpHomeowner Homeowner help
CahootCahoot4.4%£5,342.40£148.40YesYesNo

Representative example: The table shows the monthly repayment and total cost of a £5,000 loan at a fixed rate of 4.7% APR Representative.

ProviderAPR £5000 over 3 years APR helpTotal repayable over term Total repayable over term helpMonthly repayment (£) Monthly repayment helpRisk-based pricing Risk-based pricing helpEarly repayment penalties Early repayment penalties helpHomeowner Homeowner help
Marks & Spencer Money Marks & Spencer4.5%£5,347.08£148.53YesYesNo

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.

ProviderAPR £5000 over 3 years APR helpTotal repayable over term Total repayable over term helpMonthly repayment (£) Monthly repayment helpRisk-based pricing Risk-based pricing helpEarly repayment penalties Early repayment penalties helpHomeowner Homeowner help
Tesco Bank Clubcard Loan 4.7%£5,362.56£148.96YesYesNo

Representative example: The table shows the monthly repayment and total cost of a £5,000 loan at a fixed rate of 4.7% APR Representative.

ProviderAPR £5000 over 3 years APR helpTotal repayable over term Total repayable over term helpMonthly repayment (£) Monthly repayment helpRisk-based pricing Risk-based pricing helpEarly repayment penalties Early repayment penalties helpHomeowner Homeowner help
Santander4.9%£5,381.28£149.48YesYesNo

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.

ProviderAPR £5000 over 3 years APR helpTotal repayable over term Total repayable over term helpMonthly repayment (£) Monthly repayment helpRisk-based pricing Risk-based pricing helpEarly repayment penalties Early repayment penalties helpHomeowner Homeowner help

Tesco Bank Standard Loan 

 

5%£5,385.60£149.60YesYesNo

Representative example: The table shows the monthly repayment and total cost of a £5,000 loan at a fixed rate of 5.0% APR Representative.

ProviderAPR £5000 over 3 years APR helpTotal repayable over term Total repayable over term helpMonthly repayment (£) Monthly repayment helpRisk-based pricing Risk-based pricing helpEarly repayment penalties Early repayment penalties helpHomeowner Homeowner help

Clydesdale Bank

5.5%£5,426.48£150.68YesYesNo

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.

ProviderAPR £5000 over 3 years APR helpTotal repayable over term Total repayable over term helpMonthly repayment (£) Monthly repayment helpRisk-based pricing Risk-based pricing helpEarly repayment penalties Early repayment penalties helpHomeowner Homeowner help

Yorkshire Bank

Yorkshire Bank

5.5%£5,426.48£150.68YesYesNo

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.

 

ProviderAPR £5000 over 3 years APR helpTotal repayable over term Total repayable over term helpMonthly repayment (£) Monthly repayment helpRisk-based pricing Risk-based pricing helpEarly repayment penalties Early repayment penalties helpHomeowner Homeowner help

Nationwide BS

5.5%£5,426.48£150.68YesYesNo

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.

ProviderAPR £5000 over 3 years APR helpTotal repayable over term Total repayable over term helpMonthly repayment (£) Monthly repayment helpRisk-based pricing Risk-based pricing helpEarly repayment penalties Early repayment penalties helpHomeowner Homeowner help

The AA

AA

5.9%£5,455.27£151.54YesYesNo

Representative example: The table shows the monthly repayment and total cost of a £5,000 loan at a fixed rate of 5.9% APR Representative.

ProviderAPR £5000 over 3 years APR helpTotal repayable over term Total repayable over term helpMonthly repayment (£) Monthly repayment helpRisk-based pricing Risk-based pricing helpEarly repayment penalties Early repayment penalties helpHomeowner Homeowner help

HSBC

6.1%£5,470.72£151.96YesYesNo

Representative example: The table shows the monthly repayment and total cost of a £5,000 loan at a fixed rate of 6.1% APR Representative.

ProviderAPR £5000 over 3 years APR helpTotal repayable over term Total repayable over term helpMonthly repayment (£) Monthly repayment helpRisk-based pricing Risk-based pricing helpEarly repayment penalties Early repayment penalties helpHomeowner Homeowner help

The Post Office

6.9%£5,532.48£153.67YesYesNo

Representative example: The table shows the monthly repayment and total cost of a £5,000 loan at a fixed rate of 6.9% 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.

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Total repayable

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

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Monthly repayment

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

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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.

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Early repayment penalties

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

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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 when you apply what personal loan rate you’ll get, go for a Best Rate loan which 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.

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Which? Limited (registered in England and Wales number 00677665) is an Introducer Appointed Representative of Which? Financial Services Limited (registered in England and Wales number 07239342). Which? Financial Services Limited is authorised and regulated by the Financial Conduct Authority (FRN 527029). Which? Mortgage Advisers and Which? Money Compare are trading names of Which? Financial Services Limited. Registered office: 2 Marylebone Road, London NW1 4DF.