Borrow £2,000 To Pay Any Pressing Bills and Expenses
If you are looking to borrow £2,000 or £3,000 online, Lending Expert can help you find the most competitive rate and find the right loan for you. Acting as a whole of market broker, we work with over 50 UK lenders who can offer the best £2,000 loans, with all credit histories considered.
A £2,000 or £3,000 pound loan is perfect to pay off any urgent expenses or pressing bills on the kitchen table. You are able to receive money upfront and then pay off your loan over several months or years to give you much needed breathing space.
Using our free price comparison table, you can select the lender based on your requirements and simply click on ‘Check My Eligibility’ – where you can enter your details in less than 5 minutes and get a provisional quote online.
Subject to further checks, your loan could be successfully funded into your bank account on the same day or within 24 hours.
Key Features from Lending Expert
- Repay in monthly instalments
- No impact to credit score
What Types of Loans Can You Use to Borrow £2,000?
Lending Expert offers a range of options if you are looking to compare £2,000 loans – including secured, unsecured and guarantor loans.
Personal and unsecured loans are popular for people with good credit scores – and this means that your eligibility is based on your income and credit history and no collateral is required.
Secured loans may be better suited for those with adverse credit histories – and you can use the value of your property or vehicle in order to borrow money. You may use this in order to make home improvements or to consolidate your debts into one more simple and affordable loan.
With guarantor loans, you can ask a person you know to act as your guarantor and agree to cover your repayments if you cannot – and this is common for people with weaker credit scores or limited credit history.
What Can Your Loan Be Used For?
Our lenders can issue loans for any legal purpose with the most popular options being:
- Debt consolidation purposes
- Making home improvements
- Purchasing a car or new vehicle
- Business or self-employment funding
- Large expenses or purchases and unexpected costs such as tax bills or emergencies.
What is The Criteria For a £2,000 loan?
Whilst the criteria to borrow £2,000 will vary from lender-to-lender, the general eligibility is:
- Over 18 years of age
- UK resident
- Employed and able to afford monthly repayment
- No recent defaults or arrears
- Valid UK mobile, email address and bank account
If you are looking to borrow £2,000 with bad credit, you may still be eligible for a regular personal loan. However, if you have very poor credit, you may need added security by using a valuable asset (such as a car or home) or adding a guarantor to your application.
How Can I Borrow £2,000 Pound with Low Interest Rates?
If you are looking for £2,000 loans with low rates, these will usually be available to those individuals with stable incomes and good credit histories. Typically for unsecured loans, if you have demonstrated a good record of paying back other similar loan products or credit cards, the lender will consider you low risk – and this will give you access to rates from 3.8% APR.
Other factors may include being a homeowner and you have a low-debt-to-income ratio, implying that you are not juggling a lot of other outstanding debts.
In addition, if you are using a secured loan, this could be very low cost if you have a valuable asset such as property and have good equity in it. If you think about your mortgage, the rates are usually very low, however, your property is at risk of repossession if you do not keep up with repayments.
What Are The Repayments on a £2,000 Loan?
Loans for £2,000 are usually repaid in equal monthly instalments, so you know exactly how much you are repaying each month and this can be automatically collected via your debit or bank account.
You will have the choice to select a date each month when your repayments will be made – and most people choose the day they get paid from work, so there is likely to be money in their account. However, you can choose the last Friday of the month, the 15th or 25th – whenever is best for you.
If you find that you are in a position to repay your loan early, you may do so, at any point. You simply need to contact your lender directly and could save a lot of money since less interest is accruing over time
Can I Get a £2,000 Pound Loan with Bad Credit?
Yes, you can apply for a bad credit loan – since the lenders we work with are willing to take a view on adverse credit histories and will consider your application on its own merit. We can check your eligibility for a £2K loan against our adverse credit lenders and you can apply online.
Although you may have a poor credit score, our lenders will consider your loan application if there are other strong factors involved such as a stable income, regular employment and a recent history of repaying loans on time.
If you can demonstrate your willingness to repay your loan and have a stable income to do so, you can still be eligible for a loan with bad credit or even a CCJ.
How to Apply for £2,000 or £3,000 Loan with Lending Expert
Our online loan application can be completed 24 hours a day, 7 days a week via desktop, mobile or tablet. Our system will be able to match your loan requirements and credit status with the lender mostly likely to accept your loan, and on the best terms possible.
Our smart eligibility checker is able to provide an instant quote on the screen upon completing the application and then you can choose to proceed with the recommended lender.
We require a few basic details online including your name, age, address, monthly income and expenses – and we will match you with the right lender according to your requirements.
You have peace of mind that when you apply that there are no upfront fees and your information will not be passed onto any other third parties without your permission.