ePrivacy and GPDR Cookie Consent by Cookie Consent Loans for £5,000 – Direct Lender – Everyday Loans

How much would you
like to borrow?

£

  • Less than perfect credit accepted

  • Conditional decision in minutes

Our quotes won’t affect your credit score.
Representative APR 99.9%.

Loans for £5,000

We are a direct lender in the UK, dedicated to helping people get access to the finance they need. You can apply to borrow £5,000 with our short application form today.

Representative Example: Borrowing £3,000 over 24 months at an interest rate of 71.3% p.a. (fixed), you will repay 24 monthly payments of £237.75 per month. Interest Payable £2,706. Total Repayable £5,706. Representative 99.9% APR.
Loans are subject to status and affordability. Terms and conditions apply.

Everyday Loans for everyday people

Since 2006, we have offered personal unsecured loans to customers across the UK, particularly helping those with prior credit challenges.

We're delighted to offer loan amounts from £1,000 to £15,000 with repayment terms between 18 months and 5 years. Our loan assessment goes beyond credit history, focusing on current financial status and personal objectives.

If you're looking for a £5,000 loan, please complete our short online application form and we will provide you with a conditional decision, tailored to your situation.

Start Your Application

How it all works

We are a friendly and local personal loan provider, offering a personalised lending experience catering to various credit scores. Our application only takes a few minutes to complete, then you’ll receive a conditional decision online. Upon conditional approval, you're invited to visit your nearest branch for a detailed discussion about your loan options and to meet with one of the Everyday Loan lending team. Our goal is to complete the process as thoroughly and swiftly as possible, typically within 24 to 48 hours.

  1. Complete our online application form

  2. Get an initial decision in minutes

  3. Pop into your local branch to complete your loan

All of our loans are subject to status and affordability.

Why choose Everyday Loans?

  • Our application process employs soft search technology, ensuring that applying for a loan with us won't affect your credit visibility to other lenders. A more detailed hard search is reserved only for when a full credit application is made, you can read more about the difference between a “hard” and “soft” search in our glossary of terms.
  • As specialists in bad credit loans, Everyday Loans understands that not everyone has a perfect credit history and can often help where mainstream lenders like banks cannot. To apply, you must be over 18, a resident in the UK, and capable of affording the repayments.
  • Everyday Loans stands out as a direct lender, not a broker, with no application fees.
  • Once you apply, we'll provide a conditional decision in minutes.
  • Borrow between £1,000 to £15,000 from 18 to 60 months. Loans not for business, gambling or illegal purposes. Maximum APR 299.8%

Personal interaction is key in our service; we offer face-to-face meetings, allowing you to discuss any queries directly with our staff. Our widespread UK branches make these meetings convenient, ensuring you fully understand and feel comfortable with the loan terms and any financial agreements.

Tailored Local Lending

At Everyday Loans, our local branches are pivotal in providing exceptional customer service. Each branch is staffed with professionals eager to assist you. After receiving conditional loan approval, we arrange a meeting at your nearest branch.

This personal interaction lets us understand your financial management and circumstances, ensuring we see you as more than just a credit score. Such an approach enables us to extend loans to a broader range of customers, beyond what automated credit scoring systems would allow.

Apply Today

Responsible Lending

We're deeply committed to responsible lending, always focusing on being clear and straightforward with our customers. Our top priority is ensuring the safety and security of your personal information, fully complying with the UK's GDPR and DPA regulations.

We take a personal approach, meeting each customer individually to discuss their loan options in detail. This way, we can better understand your financial situation and provide a loan that suits you. We also offer a simple guide to help explain key financial terms, such as APR, to make sure everything is clear.

Our goal is to be as helpful as possible, especially if your circumstances change and you find it difficult to make payments. We encourage open communication with our branches so we can work together to find a solution that works for you.

If you're considering a £5,000 loan, you can get started by clicking the 'apply now' button to begin your application process.

Can I get a £5,000 Loan?

We specialise in assisting people with all types of credit history, offering unsecured personal loans from £1,000 to £15,000. This means you can apply to borrow £5,000 with us over 18 months to 5 years. If you meet our eligibility criteria and your application is successful, you may be able to get a loan for £5,000.

How do unsecured loans work?

We provide personal unsecured loans, which don't require you to put up assets like your home or car as collateral. These loans offer repayment plans spanning several months or years.

Once you apply online, we will perform a soft credit check to see if you are eligible for a loan with us, a soft search won’t be visible to other lenders if you are unsuccessful with your application. You can learn more about the difference between soft searches and hard searches in our glossary page.

If your online application is conditionally approved, we'll extend an invitation for you to visit your nearest branch to finalise your loan agreement. Once everything is in order, and you're comfortable with the terms, you can anticipate receiving your funds within 24 to 48 hours.

What are the benefits of an unsecured loan compared to a secured loan?

An unsecured personal loan has one core advantage compared to a secured loan:

  • Your home isn’t part of the loan arrangement. You're not risking your home, as you're not borrowing against its value. Therefore, if you cannot repay, you won't face any risks of losing your property.


    • However, there are drawbacks to consider when taking any type of loan:

  • If you miss payments and fall into financial difficulties, it will have a negative impact on your credit file and score. This may affect your ability to borrow money in the future.

    • I have a bad credit score, can I still get a £5,000 loan?

    If you have a bad credit score, this doesn’t necessarily mean you won’t be able to get a loan. We specialise in helping individuals with less-than-ideal credit scores. We have a strong track record of providing loans to people throughout the UK who have encountered credit difficulties in the past.

    If you're considering applying for a loan with us and have more questions, please contact your local branch where one of our friendly lending team will be more than happy to assist.

    Are unsecured loans safer than secured loans?

    Unsecured loans do not require you to provide collateral, such as your home or car. This means that your assets are not directly in jeopardy if you face repayment difficulties.

    However, it's important to bear in mind that not repaying any loan, including unsecured loans, can have a negative impact on your credit history and potentially affect your future credit eligibility. We advise you to carefully assess your financial situation before taking out any loan.

    What can I use my loan for?

    At Everyday Loans, we give you the freedom to use your loans for various things, but there are a few important rules:

  • Our loans are meant for personal use only, so you can't use them for business purposes since we're not a business lender.
  • You're not allowed to use the loan for gambling; our terms don't allow it.
  • Lastly, it's crucial to know that our loans must never be used for anything illegal.


    • To ensure responsible lending, we'll ask you about your loan's intended use during the application process. This is to make sure that any loan we offer is suitable, appropriate, and aligns with responsible lending standards. Feel free to apply today to see if you qualify.

    FAQs about unsecured personal loans

    In this section, we answer the questions people ask us the most about our loans and how lending works in general. Our goal is to provide you with all the information you need so that you can feel confident and well-informed about your financial choices.

    If you have any questions that we haven't covered here, please feel free to get in touch with us. We're here to help you in any way we can.

    • Will an unsecured personal loan affect my credit rating? More

      The short answer is that it could, but it's hard to predict the exact impact on your credit score. Missing payments or paying late on a personal loan can have a negative effect on your credit rating.

      On the flip side, making regular on-time payments and sticking to the loan terms might potentially improve your credit score. Keep in mind that your credit score is influenced by various factors, so the impact of getting a loan isn't guaranteed.

    • Can I pay back my loan early More

      Yes, you can. If you would like to pay back your loan earlier than the initial term, you can contact your branch to request a settlement figure.

    • Can I apply for a loan with another person? More

      Absolutely. We have an option known as a joint loan or couples loans. This means you can apply for a loan together with another person. In such cases, we consider both applicants' incomes and their combined credit histories when making lending decisions.

    Home Apply