Picture this, you have an unexpected expense, you check your bank balance and you’ve not got enough money to cover it. Panic sets in, as you wonder where you’ll raise the money to cover the cost. If you’ve found yourself in this situation, then applying for a 2000 pound loan could be a quick and easy way to access the cash you need.
Even if you have bad credit, the direct lenders we work with will still consider lending 2000 pounds to you.
But if you don’t want to approach a direct lender yourself, there’s another way - by using a broker like us. We’ll help to quickly find you the best 2000 pound loan deal out there.
A £2,000 loan is a short-term, personal loan to the value of 2000 pounds. When you take out a 2,000 pound loan, a lender agrees to lend you the money on the agreement that you’ll pay it back, with interest, in either a lump sum or in monthly instalments.
These loans exist for emergencies or unexpected situations, which means the loan can be quickly obtained, usually within 10 minutes² after approval.
A £2,000 loan should only ever be applied for in emergency situations - for example, if you need to pay for emergency house repairs. When unexpected, immediate costs crop up, a 2000 pound loan can tide you through to payday.
What should this loan not be used for? You shouldn’t use these funds to pay for non-essential items such as an impromptu night out or a holiday. Personal loans are not designed to be used for leisure purposes, and although there aren’t any restrictions on spending, it’s in your best interest to borrow responsibly.
Yes, you might be eligible to borrow £2,000 if you meet the following criteria for a direct lender:
Each lender will have their own specific requirements for lending, but if you meet the above criteria you shouldn’t have a problem being approved for £2,000.
Top Tip: Taking on debt should be a last resort. You should ask friends and family or sell your unused items to raise the 2000 pounds you need. If you need some inspiration, here are 10 Easy Ways to Make Cash Fast.
No, no one is ever guaranteed to be accepted for any loan. Whether you’ll be accepted or not will depend on your current circumstances and the lender’s criteria. Before agreeing to lend to you, the lender is required to conduct credit and affordability checks.
Please be skeptical of any provider offering guaranteed £2,000 loans without having these checks in place.
To apply directly from a lender, search for the lender of your choice and apply directly through their website. Or, if you wanted to save time, you could use a broker, like us.
As a broker, we have access to a panel of Financial Conduct Authority (FCA) approved UK lenders. We’ll give you an instant online decision and do the leg work matching you with a suitable provider in minutes. All free of charge.
Yes. Regardless of whether your credit history is good or bad, you can still apply for a £2,000 loan with bad credit. We work with a variety of lenders who are willing to consider people with a varying credit histories.
Please be advised that although you could receive £2,000, you may be required to provide a guarantor, and receive higher interest rates. For adverse credit, lenders usually offer products like a bad credit loan or a guarantor loan.
You should always look for ways to improve your credit score, because it can help you improve your chances of securing a loan. Experian has a great article with tips to improve your credit score.
When you take out a £2,000 loan with bad credit, you must be certain in your ability to meet repayments. Missing your repayment dates will only make your credit score worse, decreasing your chances of being approved for funding in the future.
If you haven’t taken out a personal loan before, you might not be aware of the many pros this product offers. Taking advantage of a £2,000 loan offers several benefits:
No, that’s not possible. Lenders must credit check any applicant before deciding whether to lend to them. It’s in your best interest to be credit checked, as it forms part of the lender’s affordability assessment, ensuring you don’t get into debt you can’t repay.
There’s no reason to be worried about the credit check either, as mentioned, some lenders are able to offer £2,000 loans to people with bad credit.
Remember: ThisLender will not perform a credit check; lenders will complete a soft search during the application process. If you accept a lender’s loan offer, they will perform a hard credit search.
The monthly cost of a £2,000 loan will vary depending on factors such as your affordability, the interest rate you receive, and the term you decide to borrow over.
For example, If you borrow £2,000 over a short term - say 3 months - then the monthly repayments would be much higher compared to a longer-term spread over 12 months or more. Remember, spreading the £2,000 loan over many years may attract lower interest rates, but you will end up paying more in interest overall.
Yes, it is very common for lenders to offer £2,000 loans with no guarantor. However, this is based on your personal and financial circumstances. For example, if you have bad credit, the lender may ask you to find a guarantor such as a friend or relative to help secure the loan should you fail to repay.
Not necessarily. Although the lender will want to see you making regular loan repayments, the timeframe in which you pay the loan back will be determined by both you and your chosen lender. Some lenders might want you to pay in regular instalments, anywhere between 3 months and 36 months.
Remember: You’ll need to make sure you have enough money in your bank account to cover the repayments when they’re taken.
At ThisLender we are committed to helping our customers find a suitable loan for their needs. Having spent many years supporting applicants with funding, we are well positioned to help you secure a £2,000 loan.
If you are having financial difficulties or need to speak to someone regarding your financial situation before applying for a loan you can get free and confidential advice from MoneyHelper (formerly The Money Advice Service), National Debtline or debt charity StepChange.
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Representative 49.9% APR
Representative example: Amount of credit: £1200 for 18 months at £90.46 per month. Total amount repayable of £1628.28 Interest: £428.28. Interest rate: 49.9% pa (variable). 49.9% APR Representative. Rates from 45.3% APR to 1721% APR - your no-obligation quote and APR will be based on your personal circumstances. The minimum repayment period for any loan will be 90 days from the date the loan is issued. The maximum repayment period is 3 years.
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