£6,000 Loans
A £6,000 loan could go towards significant home improvements, pay for some of your wedding or go towards the holiday of a lifetime.
Find out which loans you could be eligible for with our partner ClearScore and their trusted panel of lenders. Just like Asda Money, ClearScore is a credit broker, not a lender.
If you take out a product through ClearScore, Asda Money will receive a commission payment from ClearScore. The amount charged will be in connection with the specific product selected and so different amounts of commission are received. For more information please see our FAQs.
When you check your eligibility below you will be transferred to our partner ClearScore.
Representative
29.2%
APR
How does a £6,000 loan work?
At Asda Money, we work with our partner ClearScore and their panel of trusted and carefully selected UK lenders. If you’re looking to borrow £6,000, we run an initial eligibility check and then search our panel of lenders to find the loans that match your requirements.
You’ll then see a list of available loans to compare and choose the one you think best matches your needs. You can then continue to your chosen lender.
When can a £6,000 loan help?
Often people take out a £6,000 loan to:
- Put towards a wedding
- Make home improvements, such as a bathroom or kitchen renovation
- Buy a car
- Consolidate debt so that you only have one repayment each month.
- Book a dream holiday
Please remember that by consolidating existing borrowing, you may be extending the term of the debt and increasing the total amount you repay.
How much will a £6,000 loan cost?
The cost of a £6,000 loan depends on a range of factors.
Having completed an initial eligibility check, you’ll see the available loan offers from our panel of lenders. Each will have an interest rate or APR set by each lender, based on your financial history and credit rating. Your repayment will change according to the term of the loan and the interest rate offered.
A longer loan also affects the overall cost. Opting for a five-year £6,000 loan instead of a three-year loan may give you lower monthly repayments, but you may end up paying more in interest in the long run.
Will a £6,000 loan affect my credit score?
Checking your eligibility for a £6,000 loan through our partner ClearScore doesn’t affect your credit score. When you check your eligibility with ClearScore, they run a soft search on your credit file. You’ll then see all the available loans from across our lender panel.
If you decide to take up the offer of one of the loans, you’ll apply directly with the lender. They may perform a hard search as part of the application, which can affect your credit score.
Frequently asked questions
- What credit score do I need for a £6,000 loan?
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This depends on the criteria set by the lender. If you have a strong credit score, you’ll likely have more lenders willing to lend £6,000 to you and you may be offered lower interest rates. If you have poor credit, there may be a smaller pool of lenders willing to lend, and they may charge a higher interest rate.
- What is the monthly payment on a £6,000 loan?
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The amount you need to pay back each month depends on a range of factors, including the interest rate and the length of the loan. Choosing a longer loan may reduce what you pay back each month, but you may end up paying more across the duration of the loan.
- Can I get a £6,000 loan without a guarantor?
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You don’t need a guarantor to get a £6,000 loan through our panel of lenders. Our lender panel only offers unsecured personal loans.
- Can I get a £6,000 loan without a credit check?
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No, when you apply for a £6,000 loan with one of the lenders from Aro's panel, you will be subject to a credit check.
- Can I pay back my £6,000 loan early?
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You may be able to pay back your £6,000 loan early depending on the agreement you have with the lender. Sometimes you’ll be charged an early repayment fee, so always check the terms and conditions beforehand.
More on loans
About our trusted provider, ClearScore
We’ve partnered with ClearScore to provide our customers the very best loan options from a panel of handpicked trusted lenders. Asda is in partnership with ClearScore. Both Asda Money and ClearScore are credit brokers, not lenders.
Following one simple eligibility check, your loan options with be displayed. It’s also a safe way to view your options without negatively affecting your credit rating.
Asda Money is a trading name of Asda Financial Services Ltd who are an introducer Appointed Representative of “ClearScore” is a trading name of ClearScore Everywhere Limited (formerly known as Aro Finance Limited), authorised and regulated by the Financial Conduct Authority. Address: Vox Studios, 1-45 Durham Street, London, UK SE11 5JH. Registered in England & Wales 06297533. VAT Registration Number 257 0001 44. ClearScore acts as a Credit Broker not a Lender. If you take out a product or are introduced to a third-party provider, Asda and ClearScore will receive payment from that provider; the payment received may be a fixed or variable amount dependent on the product and lender, but it will not impact the amount you pay back. Applicants must be aged 18 or over and a UK resident. For full terms and conditions please visit Asda.com/loans