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.
| 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 | Find out more |
|---|---|---|---|---|---|---|---|
Sainsbury's  Representative Example: The table shows the monthly repayment and total cost of a £5,000 loan at a fixed rate of 7.60% APR Representative. | 7.60% | £5,586.48 | £155.18 | Yes | Yes | No |  |
Clydesdale Bank Representative Example: The table shows the monthly repayment and total cost of a £5,000 loan at a fixed rate of 7.80% APR Representative.
| 7.80% | £5,605.74 | £155.71 | Yes | Yes | No |  |
Yorkshire Bank Representative Example: The table shows the monthly repayment and total cost of a £5,000 loan at a fixed rate of 7.80% APR Representative.
| 7.80% | £5,605.74 | £155.71 | Yes | Yes | No | |
Tesco  Representative Example: The table shows the monthly repayment and total cost of a £5,000 loan at a fixed rate of 8.30% APR Representative. | 8.30% | £5,640.48 | £156.68 | Yes | Yes | No | |
Post Office  Representative Example: The table shows the monthly repayment and total cost of a £5,000 loan at a fixed rate of 8.40% APR Representative. | 8.40% | £5,648.76 | £156.91 | No | No | No | |
Santander  Representative Example: The table shows the monthly repayment and total cost of a £5,000 loan at a fixed rate of 8.60% APR Representative. | 8.60% | £5,663.88 | £157.33 | Yes | Yes | No | |
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.
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.
Wherever we display an “APPLY NOW” button in the above table, that company pays us a small fee each time someone clicks on the button. These payments do not influence whether a product is in the table, where it appears, or whether it continues to do so. Our Best Rates tables are compiled by our independent researchers. All revenue raised from these tables is reinvested in our research and campaigning work on behalf of all UK consumers.
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.
- For any financial query, call our experts on the Which? Money Helpline
- For an alternative to a loan, take a look at borrowing from a credit union
- Read our guide on finding the best ways to borrow
