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If you’ve been turned down by your bank for a loan of £2,000 because you’re credit score isn’t perfect, there’s no need to panic and accept the first offer you do get.

Before you accept any loan, try 118 118 Money first. We guarantee to keep your offer open for up to 5 days so you can have time to shop around and find the best deal for you.

Reasons why you might need a £2,000 personal loan

There are many reasons why you may need to borrow £2,000, but the most common are:

  • To consolidate existing loans at a better interest rate
  • Make some necessary home improvements, such as a new bathroom suite
  • Purchase a second hand car
  • Book a memorable holiday with your family or friends

There might be another reason why you need to borrow money for this amount; whichever yours is, at 118 118 Money we are here to help with our honest, transparent and expert service.

It should also be remembered that repaying borrowing over a longer term may increase overall interest charges, so if you are consolidating and extending the term of your borrowing, consider this.

Your loan money can be spent on anything that you like, but we will ask what you intend to spend it on so we can get a better understanding of your application if you decide to apply. This isn’t about getting you into debt with a loan; it’s about finding the right financial deal for you.

“Fast payment and helpful staff. Really helped me when others would not. Have now been able to consolidate debts to one manageable monthly repayment and could not be happier!” – Michael S

A guide to your £2000 unsecured loan

An unsecured personal loan is a loan that is not secured or guaranteed against any asset such as a car or house or any other person. If you miss payments then it will affect your credit rating, but you aren’t at risk of losing your house or car. However, do beware that missed or late repayments on a 118 118 loan will incur a £12 charge.

Our unsecured personal loans for £2000 can be borrowed and paid back over 12, 18, 24, 30 or 36 months with affordable and fixed monthly repayments meaning you’ll know exactly how much you’ll pay back each month.

Can I still apply if I have bad credit?

Yes! These days, not everyone has a perfect credit score but it doesn’t mean you can’t pay a loan back. At 118 118 Money, we look beyond your credit score. When deciding to approve a loan application, our criteria include whether an individual can afford the fixed monthly repayments.

Want to find out if you’ll be accepted without affecting your credit score? Try our no-risk eligibility Quick Check now.

We lend to people who need financial help and pride ourselves on trying to help those that may find it difficult to get credit from other lenders. If you can demonstrate stability and show that the monthly repayments are affordable then there is a good chance that 118 118 Money can help you.

Applying for a 2000 pound loan

If you have decided that a £2000 unsecured personal loan is the right option for you, then it’s really important to make sure you get the best deal for you.

In order to apply for a loan with 118 118 Money, you must be at least 18 -70 years old, hold a current bank account and debit card, and have a consistent monthly net income of at least £700 per month. It’s important to understand that other lenders may have other criteria.

Please ensure your application is as detailed and honest as possible as this can speed up the application process. If all is well, you could get your 2000 pound loan within 24 hours.

Representative 49.9% APR.