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. If you’ve found yourself in this situation, 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, direct lenders will still consider lending 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 find you the best 2000 pound loan deal out there.
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.
What is a 2000 pound loan?
A 2000 pound loan is what you’d imagine, it’s a short-term loan for the amount of £2000. A lender will lend you the 2000 and you will agree to 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.
What can I use a £2000 loan for?
As we’ve already mentioned, you should only apply for this short-term loan to fund emergency situations - for example, if you need to pay for emergency house repairs. 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.
If you’re struggling to manage your debt, or you’d just like to access impartial, free advice - visit the Money Advice Service.
Am I eligible to borrow £2000?
Yes, you might be eligible to borrow £2000 if you meet the following criteria for a direct lender:
- You’re over 18
- You’re a UK resident with a permanent address
- You’re employed and have a regular income
- Have a UK bank account with a debit card
- Your wages are paid into your UK bank account
- You are NOT currently bankrupt
£2000 loan FAQs
How do I get a £2000 loan direct from a lender?
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. We’ll give you an instant decision and do the leg work matching you with suitable lenders. All free of charge.
Remember: ThisLender, and the lenders on our panel, are authorised and regulated by the Financial Conduct Authority (FCA).
Am I guaranteed a 2000 pound loan?
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.
Can I apply for a £2000 loan with bad credit?
Yes. Regardless of whether your credit history is good or bad, you can still apply for a £2000 loan with bad credit. We work with a variety of lenders who are willing to consider people with a variety of credit histories. Lenders might offer products including a bad credit loan or a guarantor loan.
You should always look for ways to improve your credit score, however, because it can help you improve your chances of securing a loan. Experian has a great article with tips to improve your credit score.
Can I get a £2000 loan with no credit checks?
Unfortunately, that’s not possible. Lenders must credit check any applicant before deciding whether to lend to them.
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.
What can I use the £2000 loan for?
A £2000 personal loan can be used for various reasons, including urgent car repairs, house maintenance, medical bills, and other unexpected costs.
How much would a £2000 loan cost a month?
The monthly cost of a £2000 loan will vary depending on factors such as your affordability, the interest rate you receive, and the term you borrow over.
For example, If you borrow £2000 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 £2000 loan over 1, 2, 3, 4 or 5 years may attract lower interest rates, but you could end up paying more in interest.
Can you get a £2000 loan without a guarantor?
Yes, there are lenders who can offer £2000 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.
Do I have to repay the £2000 loan on my next payday?
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 the lender. Some lenders might want you to pay in monthly instalments between three and 24 months.
Remember, you’ll need to make sure you have enough money in your bank account to cover the repayments when they’re taken.
How to apply for a £2000 loan
Applying for a £2000 loan is quick and easy. You can apply with a direct lender or use a loan matching broker like us. Typically, you will be required to complete an online application form with your personal details and other information, including all your income and outgoings.
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Representative 97% APR (fixed)
Representative example: Borrow £1000 for 24 months at 24 equal instalments of £77.48. Total amount to repay £1,859.52. Interest £859.52. Annual interest rate 70% (fixed). APR rates range from 45.3% APR. to 1575% Max APR. Your APR rate will be based on your circumstances.
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