£5,000 loans

Personal loan for £5,000

There's a lot a person can do with £5,000 - whether that's some home improvement or getting your debts in one place. Read about how a £5,000 loan with the Post Office might work for you.

Looking for a £5,000 personal loan?

Life is full of surprises, and they come in all shapes and sizes. If you need extra funds quickly, a personal loan could be the solution. Here’s what you need to know before you apply for a loan to pay for what matters most. Whether it’s taking care of an unexpected home expense, financing a new set of wheels or getting existing debts under control.

Compare monthly repayments over different periods of time to find the loan term that works best for you. See typical interest rates on a Post Office Personal Loan of £5,000. Find out about features and benefits like next-day transfer and fee-free overpayments. And discover how to apply for a loan online in just a few minutes.

What kind of loan could I get at Post Office?

You can look at applying for a £5,000 unsecured personal loan at a fixed interest rate with Post Office. This lets you borrow without using an asset like your home as security. As the interest rate is fixed, you’ll always know exactly how much you’ll pay back each month. Remember that keeping up with your repayments means you’ll avoid late payment charges and protect your current credit score.

How long can I take to pay back a £5,000 personal loan?

At Post Office, you choose a repayment period between one and seven years. A longer repayment period means lower monthly instalments. But you will pay more in interest charges over time.

Speaking of interest rates, those you see advertised are the lowest Post Office is prepared to offer to those with the best credit score. When you’ve completed your loan application, you might find the rate you actually get is higher than advertised. It’s determined by the loan amount, repayment period, your personal circumstances and your credit rating.

Find out what your monthly repayments could be

Check the typical monthly instalments, and how they relate to the time period for paying off the loan. You can compare repayment periods from 12-84 months using the Loan Calculator. It can help you find out if you can actually afford to repay a Post Office Personal Loan of £5,000.

The repayment period you choose affects the total amount you’ll pay back. The calculator is a quick and simple way to compare monthly and total repayment figures for different periods of time.

Remember that with a Post Office Personal Loan you can make overpayments when you can without being charged an extra fee. If you want to pay back the loan in full early, you can ask us for a settlement quote.

Use the Fast Checker to find out if you’re eligible

If you think you can afford to pay back a £5,000 personal loan, use the Fast Checker to discover the likelihood of your application being successful without affecting your credit score.

The Fast Checker is a pre-approval tool that lets you check your eligibility before you make a formal loan application, which must include a hard credit check. It’s also known as a soft credit check. This doesn’t appear on your credit history.

How do I apply for a £5,000 personal loan?

If you decide you can afford to repay the loan and the Fast Checker indicates you’re likely to be approved, you may want to go ahead and make a formal loan application.

It’s quickest to apply online. To complete your loan application in one sitting, gather the following information before you start filling in the form:

  • Your home address for the last three years
  • Bank or building society account details
  • Employment details
  • Current income and outgoings

 

What happens next?

In most cases, we give an instant decision. You may be able to sign your agreement form online, which helps save time spent posting documents. We offer next-day transfer as well.

Check if you're eligible for our personal loans without affecting your credit score

Small print

Post Office ® credit cards, personal loans and overdrafts are provided exclusively by Bank of Ireland (UK) plc.

Post Office Limited is a credit broker and not a lender. Post Office Limited is an appointed representative of Bank of Ireland (UK) plc which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Post Office Limited is registered in England and Wales. Registered Number 2154540. Registered Office: Finsbury Dials, 20 Finsbury Street, London, EC2Y 9AQ. Post Office and the Post Office logo are registered trademarks of Post Office Limited. Our FCA Register number is 409080. You can confirm our registration on the FCA's website (www.the-fca.org.ukopens in new window).