We work with trusted brokers to give you access to a panel of leading lenders well placed to meet your needs.
With Proper Finance, you could borrow £5,000 today for a personal, business or emergency expense. We offer a completely free and online application, connecting you with some of the best lenders in the UK who can offer the best rates and approval. Receive money upfront with the flexibility to repay over 3,6, 12 or 60 months.
You can apply to borrow a loan of £5,000 by clicking the “Find a loan” button below. Our application process is all online, and only takes 5 minutes to complete.
We offer secured loans which require you to use an asset such as your car or property as security. Please note that your collateral could be risk of repossession if you do not keep up with repayments.
Whilst criteria may vary between lenders, you should have the following to be eligible:
|Same Day Funding||Yes|
|Free to Apply||Yes|
|Rates from||6.5% APR|
If you have bad credit you could still be eligible to apply for a loan with Proper Finance since we work with a range of lenders across the UK. As such, there are many different options available, even if you have poor credit.
For those with bad credit, a secured loan may be a better option to leverage something value you own. Securing your loan means putting up a form of collateral which acts as a guarantee of your loan repayment. This could be your car, your property or another item of value. Putting up collateral makes the loan less risky for the lender and consequently means they are more likely to approve your loan. However, it is important to understand that you could lose your collateral if you fail to make repayments.
Additionally, bad credit can mean that you are subject to higher interest rates making your loan more expensive to pay back in the long run. If you are concerned about your credit score, it might be worth pursuing other options before taking out a loan or looking into ways to positively build your credit before making an application.
Repayments are made automatically through your bank account in a way that is similar to a direct debit. You agree the exact date with the lender that you would like repayment to be taken and you will be sent reminders on the days leading up to each repayment.
You have the option to borrow £5,000 over 3,6,12,24,48 or 60 months, repaid in equal monthly instalments and the option to repay early.
These payment instalments will include the principal amount of the loan (£5,000) and additional interest. You could also repay your loan earlier if you discuss this with your lender.
You can apply for a loan through Proper Finance simply by clicking the button below. Our online application takes only 5 minutes to complete, after which you will receive a quick decision. When filling in our online form, you’ll have to provide us with a few personal details, including those listed below:
Clicking on the button below will take you to our online application form, where you will have to fill in some personal details. These details will allow us to check your eligibility, and find the loans that suits your requirements.