£2000 Loan
Are you looking for a £2000 loan? At Lending Stream, we offer up to £1500 but we consider people with bad credit. If your loan application is approved, we’ll send the cash to your bank in under 90 seconds.
Representative Example: Given a Representative APR of 1333%, if you borrow £200 over 6 months at 292.0% p.a. (fixed), you would owe 6 equal repayments of £64.44. You will repay £386.61 in total.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
Representative 1333% APR
Representative Example: Given a Representative APR of 1333%, if you borrow £200 over 6 months at 292.0% p.a. (fixed), you would owe 6 equal repayments of £64.44. You will repay £386.61 in total.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
Very easy to apply
Very easy to apply, couldn’t have been more simpler to be honest and the money was in my account in less than a minute 10/10
Leona, 18 November 2023
Poor credit rating no problem
Quick and easy to apply
Kim, 25 November 2023
Why choose Lending Stream for £2,000 loans?
Fast
Cash sent to your bank in less than 90 seconds, once approved.
Convenient
24/7 simple & online application. Instant decision. Direct lender since 2008.
Affordable
Repay over 6 months. Pay off early with no extra fees and save on interest.
Trusted
Rated excellent on Trustpilot & 99% recommend us on Reviews.co.uk.
What are £2000 loans?
£2000 loans are often referred to as short term loans or personal loans. £2000 can help you manage unexpected finances, consolidate debt, or finally make those home improvements you’ve been talking about.
Typically, £2000 loans are unsecured, eliminating the need for collateral as security. Moreover, lenders often provide borrowers with the option of flexible monthly instalments, enabling them to tailor the repayment plan according to their financial capacity.
How do £2000 loans work?
Start by finding a reputed direct lender in the UK who offers £2,000 loans.
There are lenders who offer a 2000 pounds loan with convenience and speed as they involve minimal documentation and fast approval procedures, making them suitable for individuals requiring urgent access to funds.
If approved, the lender will send you a credit agreement which will have the terms and conditions of your loan. If you accept, the money will be transferred to your UK bank account within a few hours or on the same day.
Lending Stream offers short term loans of up to £1500 (upto £800 for new customers). If you take out a loan with Lending Stream, we’ll give you 6 months to make monthly repayments on your loan, with a fixed interest rate.
What can I use a £2000 loan for?
A £2000 loan can be used for various purposes, depending on your specific needs and individual circumstances. For example:
- Debt consolidation: If you have existing loans with high-interest rates, such as credit card balances or other existing debts, you can use the money as a debt consolidation loan to make things more manageable
- Home improvements: You can use £2000 to fund home renovation projects, such as remodelling a room, upgrading appliances, or making necessary repairs
- Vehicle expenses: If your vehicle requires repairs or maintenance that you aren’t prepared for, £2000 can help cover the costs
- Utility bills: If you find yourself dealing with a higher-than-usual energy bill or an overdue water bill, a £2,000 loan can provide temporary assistance until your next paycheck arrives. This loan can help you cover these urgent utility expenses and ensure that your essential services remain uninterrupted
- Unexpected expenses: Whether it’s needing to buy a second hand car, home maintenance, or any unforeseen financial burden, a loan can provide you with the necessary funds to handle these unexpected costs
It’s important to consider your financial situation and ability to repay the loan before borrowing any money. Carefully review the terms, representative APR, and repayment options offered by the lender so that you can make an informed decision that aligns with your financial goals.
How can I check my eligibility for a £2000 loan?
Look for online eligibility checkers or pre-qualification tools. These tools allow you to provide basic information about yourself, such as your income and employment details, to determine if you are likely to qualify for a 2000 pound loan. These checkers do not affect your credit rating and can provide you with an initial indication of your eligibility.
Lending Stream offer short term loans. If you are interested in applying, you must meet the following criteria:
Have an active UK bank account
Hold a valid debit card
Be at least 18 years old
Be a UK resident
Maintain regular employment with a monthly income of at least £400
As a direct lender, we understand that your credit score may not provide a comprehensive reflection of your present financial circumstances.
We take a broader perspective than bad credit history when assessing your application to borrow money. Even if you have bad credit or poor credit history, there’s no need to worry. We even consider loans for people with bad credit as we look into various factors beyond just your credit rating to get a better understanding of your current financial situation.
How to apply for a £2000 loan?
Start by searching and comparing different lenders. Once you’ve made a decision, you can go ahead and apply online.
At Lending Stream, we know that borrowing money can be stressful. So, we’ve made our application process easy. All you need to do is fill out our online application form and give us the following details:
To apply for a £1500 loan with us, you need to complete our online application form, by giving us the following information:
- Your personal details
- The amount which you want to borrow with us
- Provide us with your employment status, salary, expenses, and banking details
Once we receive your application, we will run a credit and affordability check on your profile. If approved, the loan amount will be sent to your bank within 90 seconds.
How long do I have to pay back my £2000 loan?
The repayment period for a £2000 loan can vary depending on the lender and the specific loan terms. Make sure you understand your loan options and lender’s specific repayment terms before you agree.
At Lending Stream, we’ll give you 6 months to repay your loan. If you want to repay your loan sooner, then that’s fine with us! You can repay your loan early with no early repayment fee.
What if my £2000 loan application is rejected?
If your 2000 pound loan application is rejected, it can be disappointing, but there are several steps you can take. You can try talking to the lender to find out why you were rejected. This puts you in the best position to fix the situation.
If having a poor credit score or bad credit was a factor in the rejection, focus on improving your personal circumstances. This could look like, paying your bills on time, reducing your overall debt, and managing your credit responsibly. Over time, these actions can positively impact your credit score and increase your chances of future loan approvals.
You can read more tips and tricks on how to improve your credit score.
What are the advantages of £2000 loans?
Financial flexibility: Whether you need to cover unexpected expenses, make necessary purchases, or consolidate existing debt, having access to £2000 can provide the financial flexibility you require
Quick access to funds: Just like payday loans, you can get quick access to 2000 pounds if you meet the eligibility criteria
No collateral required: Most direct lenders will offer unsecured loans, meaning they do not require collateral. This eliminates the need to pledge any assets or property as security, reducing the risk of losing valuable possessions if you’re unable to repay the loan
Predictable repayment schedule: With a £2000 loan, you’ll have a predetermined repayment schedule. This allows you to plan and budget your finances accordingly, as you’ll know the amount of your monthly repayments
What are the disadvantages of £2000 loans?
- Interest charges: The interest rates can vary depending on factors such as your credit history and the lender’s terms. It’s important to shop around for a lower interest rate before committing
- Repayment obligations: Once you take out a £2,000 personal loan, you are obligated to repay the borrowed amount according to the agreed-upon terms. This means you will have fixed monthly repayments to manage alongside your other financial responsibilities. Failing to make timely payments can result in late fees and negatively impact your credit score
- Potential fees and charges: Some lenders may impose additional fees or charges associated with the loan. These can include application fees, origination fees, prepayment penalties, or late payment fees. It’s important to look for the best deal and review any loan agreement to avoid any surprises
FAQs – £2000 loan
Can I get a £2000 loan with bad credit?
It depends on the lender. At Lending Stream, we offer slightly less than £2000 but we consider people with a less-than-perfect credit score. We’re able to offer bad credit loans because we believe you’re more than your credit file.
Can I get a £2000 loan with no credit check?
It may be possible to find lenders, who offer loans without performing a traditional credit check, but it’s important to note most reputable lenders will assess the creditworthiness of borrowers before approving a loan. For more, you can read our guide about responsible lending.
Can I get an unsecured personal loan for £2000?
Yes, you can get an unsecured loan for £2000. Unsecured loans do not require collateral, such as a property or vehicle, to secure the loan amount.
Can I get a £2000 loan with no guarantor?
Yes, you can get a £2000 loan with no guarantor. You’ll need to look around for no guarantor loans.
We don't offer loans under 60 days. We offer 6 or 12 month loans. So, the minimum repayment period is 6 months and the maximum repayment period is 12 months. You can choose to repay early and save on interest without any penalty. Maximum APR 1721%.
Representative Example: Given a Representative APR of 1333%, if you borrow £200 over 6 months at 292.0% p.a. (fixed), you would owe 6 equal repayments of £64.44. You will repay £386.61 in total.
Very good company
Very good company, it's easy to fill out the application, everything is written well and clearly and the money is quickly in your account. The company is worth recommending
Grzegorz Komajda, 24 November 2023
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