24 Month Loans from £100 to £5000

Loans spread over twenty-four months

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NO OBLIGATION & NO BROKER FEES

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.

We are not a lender but a licensed credit broker in the UK

Borrowing money can help you consolidate your debt, so you pay it off quicker, pay for a car, invest in home improvements — whatever you want. So if you’ve got a big expense to pay for, you could consider applying for a 24 month loan.

Before applying for a 24 month loan, you must work out whether you can realistically afford to take on the debt and repay the loan amount in full. Lending money this way is never a decision you should take lightly.

Apply for a 24 month loan

If you default on your loan terms and fail to make your monthly repayments, your credit score could be severely affected. In addition, if this happens, you’re likely to struggle to secure a loan again in the future.

Ready to learn more about 24 month loans?

What is a 24 month loan?

A 24 month loan is a personal loan (sometimes known as an instalment loan) that is usually repaid within 2 years over twenty four monthly repayments. These types of loans aren’t like traditional bank loans; they’re more flexible — they accept applications from people who might have been refused loans from a bank in the past for poor credit history.

Be careful, though; they can be pretty expensive. So if you can borrow money from family and friends or even sell some of your unused stuff, you should do that instead. Taking on debt in the form of a 24 month loan should be your last resort.

Due to pricing caps implemented by the Financial Conduct Authority in 2014, no high-cost short-term credit loans, interest or fees can exceed more than 0.8% interest a day. But although it’s capped, lenders usually charge close to the limit.

Am I eligible for a 24 month loan?

If you meet the below direct lender criteria, then you could qualify for a 24 month loan. But remember, each lender has different eligibility requirements.

  • You’re aged 18 or over
  • 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

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Access from £100 to £5000

Can I get a 24 month loan if I have bad credit?

Yes, you can. We work with a range of bad credit lenders who can offer loans over a 24-month period. Although, you should always try your best to improve your credit rating because it can increase the likelihood of your application being accepted.

Can I get a 24 month loan with no credit check?

No, every lender will credit check every applicant, unfortunately. But this is a good thing, they need to protect their investment, and they want to make sure you don’t borrow more than you can afford.

Can I get a 24 month loan with no guarantor?

Not necessarily. Most of the time, you won’t need a guarantor due to the majority of lenders offering unsecured loans. If the lender you’ve chosen does require a guarantor, you might be best applying for a guarantor loan instead.

How much can I borrow over 24 months?

You can apply to borrow from £100 up to £5000 through ThisLender. However, the amount you will receive will always be based on what you can afford and your current financial circumstances. All the UK lenders we work alongside make a point of lending responsibly.

Are 24 month loans same day payout?

Providing your application is approved, most lenders will be able to transfer your cash loan to your bank on the same day you applied. If not, it’ll be the next working day. Don’t worry; you won’t have to wait long at all to access your cash.

How do I get a 24 month loan from a direct lender?

There are two ways you can apply for a loan. You can either apply for a 24 month loan directly from a lender’s website, or you can use a credit broker like us.

As a credit broker, this means our services are 100% free for you to use. We charge no fees and there’s absolutely no obligation to accept any of the lender offers. The ball’s in your court.

Get your loan quote today

Access from £100 to £5000

Our panel of lenders are all UK-based and are authorised and regulated by the Financial Conduct Authority.

If you’re looking for a loan with a slightly shorter repayment period, why not consider a 12 month loan instead?

Apply for a 24 month loan.

Get your free loan quote today

Access from £100 to £5000

Apply online APPLY NOW  

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.

We are not a lender but a licensed credit broker in the UK

Types of Loans & Credit