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£5000 Loans Bad Credit

Are you looking for a £5000 loan? If you have found yourself feeling worried about an unexpected bill or large expense, we could help. You could get a £5000 loan over 18, 24, 36, or 48 months from Dot Dot Loans, subject to affordability.

You could be eligible for one of our no guarantor £5000 loans, but we understand that this type of long-term loan needs careful consideration before you apply. Check out the information below to find out more about a £5000 loan.

What can a £5000 loan be used for?

Everyone will have their own reasons for borrowing £5000. Perhaps you have discovered an unexpected expense which needs paying urgently, such as the costs of emergency repairs to your home or car. A £5000 personal loan from Dot Dot Loans could help with costs like these.

Here at Dot Dot, we aim to understand our customers as much as possible. This is why we will ask for your reason for borrowing as part of your application.

How do £5000 loans from Dot Dot Loans work?

You can apply via our online application form, and if you've been initially approved we'll be in touch to discuss the next steps. We aim to provide a final decision on your loan the same or next day. Loans are funded every hour 24/7.

Repayment amounts and dates will be detailed during the application process, so you can see the total cost of your loan before you commit.

From start to finish we'll be open and honest with you about all the charges and the interest rate on your loan. You'll see a clear breakdown of all the costs which won’t change at any point during the process – we’ll never add hidden charges such as late payment fees.

How much do I have to pay back each month for my £5000 loan?

When you take out a £5000 personal loan, it's available over a repayment period of either 18, 24, 36, or 48 months. Check out our loan calculator to see what your monthly repayments would be.

Credit checks on a £5000 loan

As a responsible lender we run a credit check on every application - this is so we can get some more information about your financial situation. Not only does this help us get to know you, an affordability check also provides reassurance that you should be able to manage your Dot Dot loan.

Our initial credit check will be a 'soft' one, this means if your application isn't successful it won't leave a mark on your credit file for other lenders to see. We'll only carry out a 'hard' search if we initially approve you for a loan and you accept our loan offer. A 'hard' search will be visible on your credit file for lenders to see.

Can I borrow £5000 with a bad credit history?

You don't need a perfect credit history to borrow £5000. As part of our affordability check we will look at your income and outgoings, to help see if you'll be able to afford the repayments on top of any other expenses.

Please note that everybody’s credit file is different, therefore we can’t guarantee that you could borrow £5000. If you have significantly poor credit, you may not pass the affordability checks.

Am I eligible for a £5000 loan?

Like all lenders, Dot Dot Loans has its own lending criteria. To be eligible for a long-term £5000 loan you need to be:

  • Over 21
  • A UK resident

During the application you will also need:

  • A valid email address and mobile number
  • Home address information for the last 3 years
  • Your bank account and debit card information

We'll also look at your credit history and finances before making our decision.

Why choose Dot Dot Loans?

We like to make borrowing money online simple. Our 5000 pound loans are unsecured, so you don't have to secure the money against anything you own. You also don't need a guarantor to co-sign for the loan alongside you.

Here are just some of the reasons to consider a £5000 personal loan from us:

  • We're quick: All approved loans are funded every hour 24/7.
  • We're transparent: All interest and charges are shown upfront, and your loan will never cost more than this. Plus, we never charge late payment fees or extra interest.
  • We're a responsible lender: We're regulated and follow strict guidelines to provide loans fairly and responsibly.
  • We're rated 'Excellent': Our rating on Trustpilot, the independent review website, is 'excellent'. This is a rating from our customers who've used our service before.
  • We're friendly: We have a UK-based customer service team that is on hand to help you with any questions you have.

I am an existing customer, how do I apply for another loan?

As an existing customer with an active loan, you may be eligible to take out a new loan with us once you’ve repaid your existing one. This is not a guarantee, however, and how much you may be able to borrow as an existing customer depends on your individual circumstances.

If you’ve settled your existing loan, you can apply via the Dot Dot online portal. Simply log in and select the 'New Loan' tab and then click apply now to start your application. Some of your details will already be pre-populated, please check they’re correct before continuing with your application.

Always consider the cost of further borrowing, whether it is affordable (particularly if your circumstances change), and whether you will be able to maintain other debt repayments.

Can I apply for a loan whilst on benefits?

Yes, but only for our short-term loan products. For loans between £100 and £1000, we accept applicants who use benefits as their primary source of income, subject to affordability checks. You can read more about applying for a loan on benefits on our blog.

What is the best £5000 loan for me?

If you’re looking for the best UK loan option for you, below we have a breakdown of monthly payment options depending on your repayment period.

We do consider applications with a less than perfect credit score. If you are looking for the best loan for bad credit for you, we could help, subject to affordability.

If you can see an option below that looks good for you, great! You can apply using the button below. Got any more questions? Feel free to contact us.

Compare your £5000 loan options

Paying back over 18 months 24 months 36 months 48 months
APR 99.4% 99.4% 79.6% 59.7%
Credit charge £3312.76 £4550.32 £5938.96 £6336.64
Monthly repayments £461.82 £397.93 £303.86 £236.18
Total to pay £8312.76 £9550.32 £10938.96 £11336.64
Paying back over APR Credit charge Monthly repayments Total to pay
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Apply for a £5000 personal loan today

Applying online is simple - most people get an instant initial decision. To apply for a £5000 loan with no guarantor from Dot Dot Loans, first you will need to use our long-term loan calculator. You'll be able to see a full breakdown of your loan including all the fees and charges. Just remember the costs you see here will never increase at any point.

Please note that our £5000 loans may not be right for everyone, so it is important to carefully consider your circumstances before borrowing.

If you are happy to continue with your application, select the 'Apply now' button. Fill in your details and submit your application. Within minutes you should find out if your application has been initially approved. We'll then let you know the next steps if it has.

We want you to feel confident that applying for a 5000 pound loan from Dot Dot Loans is the right option. So if you have any questions head to our FAQs or get in touch with our friendly Customer Services Team and they will be happy to help. You can also check out our blog for some handy hints and tricks for managing your money.

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Borrow £5000 from Dot Dot Loans

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Approved loans are funded every hour 24/7 No hidden fees or costs Less than perfect credit accepted UK based Customer Service Team

Loans from £100 to £1000

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Representative 824.7% APR

Loans from £1500 to £5000

Not available

Representative 79.4% APR


Short-term loans: 824.7% APR Representative