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Apply for a £5,000 Loan

A 5000 pound instalment loan from On Stride may help you achieve necessary, medium-term goals.

How much do you want to borrow?

On Stride Financial offers repayment terms of 1 – 5 years, depending on loan amount.
Actual loan amount, APR and term may vary based on actual application details.

Apply for a £5,000 Loan

On Stride Financial offers personal loans of £1,000 to £10,000 to be used sensibly which may give you financial flexibility and help you achieve necessary, medium-term goals, such as fixing your car or improving your home.

Our loans, which go up to 5000 pounds, are unsecured, so you do not need collateral or a guarantor.

On Stride Financial is rated 4.8 out of 5 by Reviews.co.uk based on 1,252 reviews

So How Do You Apply?

On Stride Financial believes that applying for funds should be as straightforward and clear as possible, so you can make the best decision for your particular situation. Once you have supplied some background application information, if eligible you'll be presented with some repayment terms, including how much you can borrow, payments you will need to make, the due dates and which APR you will receive –from 29% - 89%.

Select the loan amount and duration that works best for you from what is presented. Submit your application online, and one of our loan processing agents will review your request. You will typically hear back within a couple of days. If approved, the funds will be deposited straight into your bank account.

How Much Will I Repay?

As an instalment loan, you will be asked to make monthly repayments on your loan. The amount you repay will depend on the size of the loan – up to 10,000 pound loans - length of the loan agreement – one, two or three years - and the APR you are eligible for, from 29% - 89%.

If you have the option, opting to pay back the loan over a longer period will reduce your monthly repayments and make it more manageable. However, choosing to pay back over a longer period will also mean you pay more interest overall.

For example, someone who takes out a £5,000 loan with us at 45% APR will pay back £507.32 each month over one year, and £234.75 a month over three years. In total, you will repay £6,087.84 on the one-year loan, and £8,451.00 on the three-year loan.

The higher the APR, the more you will pay each month.

Principal Monthly Repayment over 1 year Total Repayment
29% £5,000 £477.65 £5,731.80
45% £5,000 £507.32 £6,087.84
89% £5,000 £577.46 £6,929.52
  • APR: This stands for annual percentage rate, and represents the amount of interest that would accrue on your loan over one year.
  • Repayment period: This is the amount of time you have to repay the loan you have borrowed, plus the interest. For example, if you have a £5,000 personal loan with On Stride you may be able to repay it over one to five years.
  • Total cost: The cost of interest plus the original loan amount. How much you pay back depends on how long you take to repay your loan, and the APR. Balancing these two considerations is important when choosing your loan – you need to be confident you can make your payments, while simultaneously paying off the full amount as quickly as is comfortably possible.
  • Unsecured loans: Loans that you can borrow without collateral as security.


  1. 1. Is a £5,000 loan considered a payday loan or an instalment loan?

    Our £5,000 loans are issued as instalment loans, with customers agreeing to make regular monthly repayments over the course of one to five years.

  2. 2. Where should I go to get a £5,000 loan?

    When you start to look around for a £5,000 loan, it might be overwhelming to decide which provider to choose. Which offer is best will depend on your circumstances, but you should ask yourself:

    1. What can I realistically afford to repay each month?
    2. Will I qualify for this loan with my credit, or will I need collateral or a guarantor?
    3. What is the repayment period, and APR?
    4. Are there any additional fees to set up the loan?
    5. What is the total cost of the loan?

    Compare different lenders' answers to these questions and decide which one best suits your needs.

  3. 3. What should I consider before taking out a £5,000 loan?

    Any personal loan is a big financial responsibility that you should not take lightly. After getting an idea of what repayment periods and APRs are available to you, you should figure out what repayment schedule you can actually commit to.

    Finding yourself unable to make payments can seriously impact your future finances, so make sure you are confident in your ability to repay over the entire course of the loan. You should also consider whether a loan is absolutely necessary – could you put off your purchase and save the money to buy it outright in the future?

The information in this article is provided for education and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness or fitness for any particular purpose. The information in this article is not intended to be and does not constitute financial or any other advice. The information in this article is general in nature and is not specific to you the user or anyone else.