Search for a £5,000 loan with CashLady
CashLady is a credit broker, not a lender.
Rather than spending hours trawling through multiple lenders and risking your credit score*, CashLady could help you find a suitable £5,000 loan through our large panel of trusted and responsible lenders.
* When you apply for a loan directly with a lender, you’ll be required to undergo a hard credit search. Numerous hard searches within a short period of time could have a negative impact on your credit score.
Who can search for a loan with CashLady?
You’re welcome to search for a loan with CashLady if you:
- Are over the age of 18;
- Are a UK resident;
- Have a UK bank account with a valid debit card; and
- Have a regular source of income paid directly into your bank account.
How can I search for a £5,000 loan with CashLady?
Searching for a £5,000 loan with CashLady is straightforward. To get started, simply tell us how much money you need, and how long you’d like to borrow it for. Here’s what you can expect from the rest of the journey:
- Our online application should take no longer than 5 minutes to complete.
- Using the details you’ve shared, we’ll run a soft search on your financial history, and scan our panel of lenders for a suitable match.
- If we’ve found you a loan, you’ll be redirected to the lender’s website. Here, you can learn more about the loan.
- Happy to go ahead and make a full application? You’ll just need to provide the lender with some further information so they can carry out some additional checks, including a hard search.
- If the lender’s checks are returned as satisfactory, you will be sent a loan agreement. You should take the time to read through this before deciding whether to sign and return.
Will searching for a £5,000 loan with CashLady affect my credit score?
When searching for a loan for you, CashLady will use a soft credit search. Soft searches will only be visible on your credit file to you, and the company who carried out the search, and will not affect your credit score in any way.
If we find you a loan and you choose to make a full application directly with the lender, they will need to carry out a hard search. Hard searches will remain on your credit file for up to 12 months, and as mentioned above, too many hard searches in a short period of time could harm your credit score.
Getting a £5,000 loan with bad credit
If you have a less-than-perfect credit score or have been turned down to borrow credit in the past, you may feel apprehensive about applying for a £5,000 loan.
While poor credit history could make getting approved for a loan difficult, there are certain lenders, including several on the CashLady panel, who would be willing to consider your application.
How long can I borrow a £5,000 loan for?
The lenders on our panel provide £5,000 loans with repayment terms between 12 and 60 months.
How much will a £5,000 loan cost?
This will depend on a number of factors, including your chosen repayment term, interest rate, and Annual Percentage Rate (APR).
The APR refers to the overall annual cost of borrowing, and includes interest and standard fees. Additional fees, such as late charges, are not counted as part of the APR, and will need to be paid separately.
Here’s an example of how much a £5,000 loan could cost you, over an array of repayment terms.
| Loan Term | APR | Monthly Repayments | Total Interest Charged | Total Cost of the Loan |
|---|---|---|---|---|
| 12 months | 79.5% | £616 | £2,403 | £7,403 |
| 18 months | 79.5% | £483 | £3,706 | £8,706 |
| 24 months | 79.5% | £421 | £5,120 | £10,120 |
| 36 months | 79.5% | £367 | £8,240 | £13,240 |
| 48 months | 79.5% | £347 | £11,666 | £16,666 |
Table for illustrative purposes only. We used the personal loan calculator tool on the MoneySavingExpert website.
Can I borrow more than £5,000?
The lenders on the CashLady panel offer loans up to £10,000, however, you should never borrow more money than you need, or can afford to repay.
I need £5,000 fast – how quickly could my loan be sent?
If you’re approved for a £5,000 loan, your money could be sent the same day, although this will differ based on the payout timescales of each individual lender.
It’s also worth bearing in mind that the time it takes for the money to appear in your account will depend on your bank’s policies and procedures.
I can no longer afford to make my repayments, what should I do?
If you’re struggling to repay your loan, you should get in touch with your lender as soon as you can. There may be things they can suggest to help ease the pressure, and they will be keen to discuss any available options with you.
I’m worried about money. Where can I get advice?
Free, impartial money and debt management advice can be found through charities and organisations such as StepChange, MoneyHelper, Citizens Advice and National Debtline.
CashLady Representative 79.5% APR