Our Lenders
We work with trusted brokers to give you access to a panel of leading lenders well placed to meet your needs at the lowest rates.
If you are looking to borrow £3,000, Proper Finance offers a fast, free and effective way to get you the finance you need. It can be difficult to know where to look when you are in need of financial support but we are here to help. With rates from 6.5% APR and options for good and bad credit, you can receive a quick decision and funds within 24 to 48 hours of applying.
To apply to borrow a loan of £3,000, simply click the “Find a loan” button below. The application process is 100% online and takes just 5 minutes to complete.
Before applying to take out a loan, make sure that you have assessed whether or not a loan is the best option for you and your current financial circumstances.
What Can I Use £3,000 Loan for?
There are many ways you might be able to use a £3,000 loan be it for home improvements, buying a car, covering monthly bills, funding a holiday or paying for a wedding. Proper Finance works with brokers and lenders all over the country so that we can find you the best match to meet your specific borrowing needs.
We offer secured loans online, so if you have a valuable asset such as your car, bike or property, you can use this to borrow money at affordable rates. You can own the asset in full or in part and you can borrow based on its existing value and condition. This can be a great way to access funds, especially for people with bad credit or no credit, but if you fail to keep up with repayments, your asset may be repossessed by the lender to recover their costs.
What Are the Pros of Borrowing £3,000?
- Free to apply – you can fill in an application with no upfront charges
- Online process – the application process is 100% online and you will receive a decision within minutes once completed. This means that it is more time-efficient than applying for a loan with your bank or by going from lender-to-lender
- Working with brokers – we work with FCA regulated brokers who search the whole of market for you to offer the most affordable and competitive rates and most likely to approve you too
- Fast access to funds – once your application has been accepted, you can receive funds within the same day or next business day
- Flexible – you can adjust the amount of money you want to borrow and the period of time you would like to borrow for whether it is over 1 to 60 months
- Options for bad credit – if you have been denied elsewhere due to poor credit, you can apply for a secured loan and leverage any valuable assets to borrow the money you need
Can I Receive My £3,000 Loan On the Same Day as Applying?
Yes, very often, you can receive funds on the same day of approval, especially if it is a work day and all your information is clear and straightforward. Some loans may take a little longer if it is a weekend enquiry or if your approval is subject to any assets being valued or require additional paperwork from the lender.
What is the Eligibility Criteria for Borrowing £3,000?
The eligibility criteria to borrow £3,000 will vary from lender-to-lender and take into consideration your income, credit score and affordability.
To be eligible:
- You must be a UK resident
- You must be over 18 years old
- You must have an active debit account
- You must have a working phone number and email address
- Requires collateral such as a vehicle or property you own
Other criteria will vary between lenders so, before entering any agreements, make sure you understand the specific terms and conditions of your loan.
Could I Qualify for a £3,000 Loan if I Have Bad Credit?
If you have poor or bad credit, a secured loan may be a better option and you may be more likely to qualify. Secured loans are less risky for the lender as you put up collateral which acts as a guarantee for the loan – this might be a property, a car or another item of value. It is important to understand that with a secured loan you could lose your collateral if you fail to make repayments.
It is worth noting that if you have bad credit you will probably be subject to higher interest rates meaning that your loan can work out to be more expensive.
Key Features of a £3,000 Loan
| Loan Duration | 1 to 60 Months |
| Rates From | 6.5 %APR |
| Direct Lenders | Yes |
| Collateral Required | Yes |
| Online Application | Yes |
| Same Day Funding | Yes |
How Can I Repay My £3,000 Loan?
Your loan can be repaid in monthly instalments over 1 to 60 months. You have the choice over what repayment date each month you would like to repay and you can typically repay in equal instalments.
You can agree on a repayment plan that works for you with your lender. This may mean paying back the full amount of the loan within the month or organising equal monthly repayments made up of the principal loan amount (£3,000) and interest. There may also be the option to repay your loan earlier if this is what you would like to do.
There is also the option to repay early and clear your account sooner than the loan terms agreed – and you will often save money on the overall interest for doing so.
How to Borrow £3,000 With Proper Finance
If you want to apply for a loan through Proper Finance, simply click the button below. The online application takes only 5 minutes to complete and upon completion, you will receive a quick decision. As part of the application process, you will need to share a few personal details including:
- Your name
- Your date of birth
- Your address
- Contact details
- How long you want to borrow money for
- How much you want to borrow
By clicking on the button below, it will take you directly to our online application form. Simply fill out the form, providing the personal details listed above, and we will check your eligibility and find loans to best suit your personal circumstances.