What is a £5,000 secured loan?
Secured loan is a type of loan where a borrower makes an obligation by pledging an asset as collateral in case of default. You can usually borrow up to £75,000 and can be repaid up to 25 years.
What is a £5,000 unsecured loan?
The unsecured loan is a loan, which is not secured on anything. You can usually borrow up to £25,000 and can be repaid up to 10 years.
Where I can spend my £5,000 loan?
£5,000 loan could be used for many reasons. If you are planning home improvements, pay off store cards, high interest credit cards, unsecured loans, want to consolidate your existing debts into one lower monthly repayment, buy a new car, treat yourself to a well-earned holiday, you can with a £5,000 personal loan.
How long can I take to repay the loan?
It varies from lender to lender but typically it is from 7 to 10 years for unsecured loans and up to 25 years for secured loans. The longer term, the lower payments but you pay more interest.
How can I apply for a £5,000 loan?
If you like to apply for a low cost loan, fill the form on the top of the page. It is quick and easy to make an online application. Just take a few minutes to complete the form so we can get a clear view of you, your finances and your needs. Our experts will assess your situation and get back to you with no obligation £5,000 loan quote. It is up to you to take it or not.
Can I apply for different loan amount than £5,000?
You could apply for any loan amount up to £75,000. Please use our form above, click on the loan amount dropdown and change it from £5,000 to any amount you would prefer to borrow or check available options below, for example £4500 loan, £4600 loan, £4700 loan, £4800 loan, £4900 loan, £5000 loan, £5100 loan, £5200 loan, £5300 loan, £5400 loan , £5500 loan
- Rates from 4.5% APRC to 65.2% APRC are available - the highest rate is for customers with severe credit problems. Loans available from 1-25 years
- TYPICAL 10.9% APRC variable
- Calls may be recorded for training purposes. The third party lender or broker may charge a fee of 0% up to 15% on your loan.