£10,000 Loans

Are you looking for a £10,000 loan in the UK?
Little Loans could help you search.

How can I get £10,000 urgently?

A loan is a serious financial commitment and shouldn’t be rushed.
If you need to borrow £10,000, it’s important to take the time to look into all the options that could be available to you before you decide.

Before you begin your loan search, be certain that you can afford to make your repayments in full and on time each month without this affecting your essential outgoings, such as housing, food, and other bills.

How urgent is the expense?

When a financial emergency happens, it can be easy to panic. Take a step back and rethink the situation. Do you need it now, or could it wait? For example, if you need a new car, could you carshare with a colleague or use public transport while you save up? We understand that delaying the expense isn’t always possible, but it’s worth evaluating the situation from every angle.

Alternatives to a £10,000 loan

• Family and friends
  Borrowing from family or a close friend could be an alternative to a loan. It’s a good idea to get an agreement in writing, with a copy for each person.


• 0% purchase credit card
  With a 0% purchase credit card, you can spread the cost of a large purchase without being charged interest for a set promotional period.
  Any balance left on your credit card account once the promotional period ends will begin to accrue interest at the standard interest rate.

What can a £10,000 loan be used for?

A £10,000 loan is typically taken out to help cover the cost of a large, necessary expense.

This could include:

• A new car to replace your current, broken-down vehicle
• Essential home repairs, such as a new roof
• Unexpected veterinary treatment for a pet

A £10,000 loan could also be used to consolidate existing debt. You should think very carefully before you consider searching for a £10,000 debt consolidation loan; consider accessing support from a professional debt advisor.

You can get free financial advice from StepChange, MoneyHelper, Citizens Advice, and National Debtline.

£10,000 secured loan vs £10,000 unsecured loan

When you take out a secured loan, the money you borrow is ‘attached’ to an asset, such as your house or car. This means that if you don’t pay back the money you owe, the lender could seize your asset and sell it. Your credit score will also be harmed.

An unsecured loan is not tied to an asset. If you miss a repayment on an unsecured loan, your assets are not at risk, although your credit score will be harmed.

Only you can decide whether a £10,000 secured or unsecured loan is right for you. If you’d like to explore each option further, you might find our guides useful:

• Secured loans
• Unsecured loans

How much would a £10,000 loan cost per month?

The cost of a £10,000 loan will depend on the following:

• The interest rate you’re offered
• Any standard fees
• Your chosen repayment term.

Is a £10,000 loan easy to get?

No loan is easy to get, regardless of the amount.
When you apply for a loan with a direct lender, they will carry out a creditworthiness assessment. This will be a hard credit search and/or an Open Banking check. This allows the lender to view your credit history and understand how likely you are to be able to repay the money.

£10,000 loans with bad credit

Perhaps you’ve had issues with credit in the past, but your financial circumstances have since improved.
Some lenders, including several on the Little Loans panel, specialise in loans for people with bad credit.
Please be aware that a bad credit £10,000 loan could come with a higher rate of interest and you may not be able to borrow as much money as you need.

Search for a £10,000 direct lender loan with Little Loans

Little Loans is a credit broker. We work with a panel of over 30 direct lenders and could help you search for a suitable £10,000 loan in the UK.

You’re welcome to use Little Loans’ credit broking service if you:

• Are over the age of 18
• Are a UK resident
• Have a UK bank account and a valid debit card
• Have a regular source of income paid into your bank account

£10,000 loan repayment terms: how long does it take to pay back a £10,000 loan?

The repayment terms available to you will depend on the lender.
With Little Loans, you can search for a £10,000 loan with the following repayment terms:

• 18 months (1 and a half years)
• 24 months (2 years)
• 36 months (3 years)
• 48 months (4 years)
• 60 months (5 years)

Could I get a £10,000 loan over 5 years?

You could search for a £10,000 loan over 5 years (60 months). Many lenders, including several who work with Little Loans, offer £10,000 loans with a 5-year repayment term.

As we’ve talked about in the section above, other repayment terms could also be available.

Could I get a £10,000 loan over 3 years?

Yes, some direct lenders offer £10,000 loans over 3 years. If you’re approved for a £10,000 loan over 3 years, you’ll pay back the money you owe in instalments over 36 months.

Are other loan amounts available?

Yes, with Little Loans you can search for a short-term personal loan between £100 and £10,000. Repayment term options will depend on the amount of money you apply to borrow.

I can’t afford to repay my £10,000 loan; what should I do?

In this situation, you should contact your lender as soon as you can.
They will talk you through any available help. While every lender is different, this could include a repayment holiday or temporarily reduced repayments.

Get free financial advice in the UK

If you’d like to talk to someone about money or debt worries, please consider reaching out to any of the following charities and organisations for free, confidential advice: StepChange, MoneyHelper, Citizens Advice, and National Debtline.