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 0% credit card 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 helpFind out more

Hitachi Personal Finance 

5.6%£5,432.04£150.89YesYes NoApply now

Representative example: The table shows the monthly repayment and total cost of a £5,000 loan at a fixed rate of 5.6% 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 helpFind out more

Sainsbury's Standard Nectar loan

 

5.6%£5,432.04£150.89YesYesNoApply now

Representative example: The table shows the monthly repayment and total cost of a £5,000 loan at a fixed rate of 5.6% 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 helpFind out more
Tesco Bank 5.7%£5,440£151.10YesYesNoApply now

Representative example:The table shows the monthly repayment and total cost of a £5,000 loan at a fixed rate of 5.7% 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 helpFind out more

The AA

AA

5.7%£5,439.96£151.11YesYesNoVisit site

Representative example: The table shows the monthly repayment and total cost of a £5,000 loan at a fixed rate of 5.7% 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 helpFind out more

Clydesdale Bank

5.8%£5,451.34£151.43YesYesNoVisit site

Representative example: The table shows the monthly repayment and total cost of a £5,000 loan at a fixed rate of 5.8% 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 helpFind out more
Yorkshire BankYorkshire Bank5.8%£5,451.34£151.43YesYesNoVisit site

Representative example: The table shows the monthly repayment and total cost of a £5,000 loan at a fixed rate of 5.8% 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 helpFind out more

Sainsbury's Reward Nectar loan

6.0%£5,463.00£151.75YesYesNoApply now

Representative example: The table shows the monthly repayment and total cost of a £5,000 loan at a fixed rate of 6.0% 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 helpFind out more
Marks & Spencer Money Marks & Spencer6.2%£5,478.12£152.17YesYesNoVisit site

Representative example: The table shows the monthly repayment and total cost of a £5,000 loan at a fixed rate of 6.2% 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 helpFind out more

Derbyshire BS

7.2%£5,555.52£154.32YesYesNoApply now

Representative example: The table shows the monthly repayment and total cost of a £5,000 loan at a fixed rate of 7.2% 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 helpFind out more

Santander

7.3%£5,563.44£154.54YesYesNoVisit site

Representative example: The table shows the monthly repayment and total cost of a £5,000 loan at a fixed rate of 7.3% 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 helpFind out more

Post Office

8.4%£5648.80£156.91YesYesNoVisit site

Representative example: The table shows the monthly repayment and total cost of a £5,000 loan at a fixed rate of 8.4% 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 helpFind out more

Moneyway

14.9%£6,149.52£170.82YesYesNoVisit site

Representative example: The table shows the monthly repayment and total cost of a £5,000 loan at a fixed rate of 14.9% 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.

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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.

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