Unsecured personal loans
A flexible way to borrow without needing to secure the loan against any assets – usually repaid in monthly instalments over one to five years.
£2,000 loans
Find a great deal on a £2,000 loan
MoneySuperMarket is a credit broker not a lender. You must be 18 or over and a UK resident.
Compare loans from 52^ lenders, right across the market
We do the heavy lifting, so you don't have to. We work with leading providers to help you borrow the money you need.
How do £2,000 loans work?
A £2,000 loan can give you a handy boost for short-term spending – whether it’s a one-off cost or something unexpected:
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Apply online in minutes
Compare deals to find the best interest rate and repayment term for you
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Receive and use the funds
Whether it’s car repairs, covering bills or a small home project, you choose how to spend it.
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Repay in monthly instalments
Pay it back in fixed amounts over your chosen term. Some lenders let you repay early – just check for fees
Use our handy loans calculator
Loan calculator
Find out what monthly repayments would be, how much you'll pay overall and how much you could borrow.
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Based on the information you supplied, you would be borrowing XXX and repaying the loan in XXX monthly instalments of . The total sum to repay, subject to XXX% APR over the full loan term would be XXX. This assumes there are no extra fees and that your payments are made on time and in full.
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Based on the information you supplied, you could borrow XXX at a monthly repayment rate of to be paid over XXX monthly instalments. Over the full loan term at XXX% APR, the total amount repayable would be XXX. This assumes there are no extra fees and that your payments are made on time and in full.
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The maximum personal loan is £50,000
If you need a larger amount, consider a secured loan, which will allow you to borrow more but uses your home as collateral. Be aware that lenders can sell your house if you fail to keep up with repayments.
What type of £2,000 loan could I get?
When you're looking to borrow £2,000, here are a few common loan types to consider:
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Guarantor loans
An option if you’ve got a limited or poor credit history – a trusted friend or family member agrees to back you up by guaranteeing your repayments.
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Payday loans
A quick fix for emergencies, but they come with very high interest – only consider if you’re sure you can repay in full on your next payday.
How much could a £2,000 loan cost?
MoneySuperMarket data from May 2025 indicates that the average APR for someone taking out a loan between £1,000 and £3,000 is 38.6%, with a typical loan term of 2 years. Here’s what that would cost:
Loan details | Amount |
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Loan amount | £2,000 |
APR | 38.6% |
Monthly payment | £115 |
Total interest paid | £761 |
Total repayment amount | £2,761 |
What can I use a loan for?
A £2,000 loan is ideal for covering modest costs or bridging short-term gaps. Popular ways to use this amount include:
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Wedding loan
Use it to pay for smaller wedding details – like the cake, invites, or entertainment – with simple repayments
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Debt consolidation loan
Clear a credit card balance or overdraft with one fixed repayment plan that keeps things predictable
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Car loan
Cover essential repairs, servicing or insurance renewals, and get back on the road faster
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Home improvement loan
Handle minor upgrades like garden work, lighting, new carpets, or updating kitchen appliances
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Emergency loan
From urgent dental treatment to fixing the boiler, a personal loan can help when you don’t have savings to fall back on
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Holiday loan
Book a budget break or help cover extras like spending money or travel insurance
What are the pros and cons of taking out a £2,000 loan?
Before you take out a £2,000 loan, it's worth considering the advantages and disadvantages:
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Pros
Can offer a handy and fast cash injection
Affordable monthly repayments over a short period
A good chance to improve your credit score if managed well
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Cons
You’ll always pay back more than you borrow
APR may still be steep compared to bigger loans
Some lenders impose early repayment fees
Am I eligible?
If you’re looking to borrow £2,000, eligibility is usually straightforward. Lenders will still run checks, but approval is often quicker than for larger amounts.
You’ll generally need to:
Be at least 18 years old
Live in the UK full-time
Have a UK bank account and steady income
Meet the lender’s credit and affordability checks
A low credit score might affect your chances or mean higher interest rates. It's worth checking your credit report first to see where you stand.
Can I get a £2,000 loan with bad credit?
If you have a low credit score – or you’ve never borrowed before so have little credit history – it could be more difficult to get a £2,000 loan. But it’s not impossible.
Specialist lenders offer loans for bad credit so you may find you are eligible even if you’ve had credit problems in the past.
That said, you might find you are restricted in how much you can borrow and the interest rates could be higher than advertised.
You can improve your chances of getting a loan deal by taking steps to boost your credit score with our free Credit Score service.
How do I choose the best £2,000 loan?
With a loan this size, convenience and cost are top concerns:
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Explore credit options
A personal loan, credit card, or overdraft might suit different needs
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Look for low fees
With smaller loans, fees can take up a bigger portion of the cost
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Keep it short term
Shorter repayment periods reduce the total interest you’ll pay
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Avoid payday loans
Steer clear of very high-interest loans with risky terms
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Check approval speed
Need funds quickly? Some lenders offer same-day decisions and payouts
Will a £2,000 loan affect my credit score?
A £2,000 loan can affect your credit score positively if you make payments on time and in full, showing lenders you’re reliable. Over time, this responsible behaviour can help boost your credit rating.
On the other hand, missed payments or defaults will be noted on your file and could significantly damage your credit, making it harder to borrow later.
To help avoid this, use MoneySuperMarket’s eligibility checker during your loan comparison to see which lenders are most likely to approve you.
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Will base rate cuts make borrowing cheaper?
May’s Bank of England base rate cut to 4.25% could help make borrowing a bit more affordable. Lower base rates tend to reduce interest costs, which is good news for borrowers.
That said, lenders don’t always lower their rates straight away – and some might not change them at all. It’s important to compare loan deals to make sure you're getting the best possible rate.
Why compare £2,000 loans with MoneySuperMarket
It's easy to search for the right loan with us – and it won’t affect your credit score.
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It's quick and easy
Tell us a bit about you and the loan you'd like. Once you've found the right loan, you can click through to the provider and complete your application within minutes.
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We'll search the market
We have a wide range of leading lenders for you to compare loans from. When searching with us, you can order loans by likelihood of you being accepted to ease any fears of rejection.
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Protect your credit score
Good news: when you compare loans with MoneySuperMarket, you don't have to worry about hurting your credit score as we'll only carry out a soft search.
Tips for a successful loan application
Before lenders offer loans, they consider your personal circumstances, like your outgoings, income, and previous borrowing history. For a successful loan application, consider the following:
Meet the lender's basic criteria, like being a UK resident
Lenders often require you to:
Be over 18
A UK resident
If you don't meet this criteria, lenders are very unlikely to enter a loan agreement with you.
Limit your credit applications
Every time you apply online for a form of lending, like credit cards, mortgages, or loans, the lender will perform a 'hard credit check' which shows up on your credit file.
If you have multiple hard checks over a short period of time, this is a red flag to lenders and may reject your application.
We recommend using a loan eligibility checker to perform a soft search and find lenders where you have a higher chance of being approved.
Review your credit report and address any issues
Lenders will check your credit file, so before you start making applications you should review your report and address any errors before applying, including:
Existing credit agreements
Your financial links with other people (including ex-partners)
Missed payments
Beyond errors, check you're registered on the electoral roll and take steps to improve your credit score - it could make a big difference to your monthly repayments and wider loan eligiblity.
Our expert says…
Whatever you need a £2,000 loan for, from paying for car repairs to funding home improvements, there are lots of options to choose from. It’s a competitive market and that’s why you should never pick the first offer you’re given. It’s also important to look at all the costs involved, including the total amount you’ll pay in interest and any other charges, such as early repayment fees, if you are able to clear the debt sooner.
Kara Gammell Personal Finance & Insurance Expert
How to apply for a £2,000 loan with MoneySuperMarket
We’re here to help find the right loan for you and we’ll show you which rates you’re guaranteed to get
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What is a soft search?
A soft search or soft application is a way of finding out where you stand in terms of getting a loan without leaving a mark on your credit report. It’s a way to find out if you’re eligible for a loan without harming your chances of being accepted.
What credit score do I need for a £2,000 loan?
You will usually need a fair to good credit score to be eligible for a £2,000 personal loan. But there are also specialist lenders who can offer loans to those who have had debt or credit problems in the past. When you search for a loan with MoneySuperMarket we’ll show you which deals you could be eligible for and your chances of being accepted – all without further hurting your credit score – so you can make an informed decision.
Before you apply for any credit or loan it’s a good idea to get a copy of your free credit file and check your credit score. You can also take steps to boost your rating before you apply for a loan.
How long will it take to receive my £2,000 loan?
Once you’re accepted for your £2,000 loan you will usually receive the funds direct into your bank account. This can happen very quickly – depending on the lender, but anything from a couple of hours to within a few days. If you have not received your funds and you are concerned contact your loan provider direct.
What should I think about before applying for a £2,000 loan?
Before you apply for a £2,000 loan, ask yourself:
Do I really need to borrow the funds? Smaller amounts might be manageable through other means, like a 0% interest credit card or an authorised overdraft.
How can I make sure I am getting the best deal? Compare APRs for short-term loans. Even small differences can add up and cost you a lot more overall..
Can I afford to meet repayments? Make sure the monthly repayments don’t stretch your budget or create unnecessary stress.
What happens if I miss a payment? It could cost you in fees and impact your credit record. Setting up a direct debit is one of the best ways to avoid missing a loan repayment.
What happens if I want to pay the loan off early? Most lenders allow you to clear the balance early, though some may charge an early repayment fee. Do the calculations to make sure it’s worth it.
Will I get the representative APR?
The representative APR is the rate at least 51% of accepted applicants get, but if you have a limited credit history or past financial issues, expect your rate to be higher.
How long will repayments on a £2,000 loan take?
You might be offered between 12 and 48 months to repay. Longer terms lower your monthly payments but can cost more in interest. Smaller loans tend to have shorter repayment windows. Most lenders allow early repayment, though a fee may apply.
Is a £2,000 loan right for me?
Think carefully before applying for a £2,000 loan. Could you meet the cost through savings or by cutting back elsewhere? Borrowing should be a last resort.
Your credit rating will affect the interest rate you’re offered, so it may be worth improving it first.
Make sure the monthly repayments will still be manageable if your income drops or your bills rise. If you're confident you can repay it comfortably, a loan could help spread the cost of a necessary expense.
What are the alternatives to a £2,000 loan?
If you’re not sure about a loan, there are still a few other ways to access funds.
Credit card A 0% interest credit card can help you spread costs without added charges. However, you’ll need a good credit score and discipline to pay it off before interest kicks in.
Borrow from family or friends Borrowing from friends or family might be quicker and cheaper than going through a lender. But make sure everyone agrees on repayment terms to avoid tension.
Authorised overdraft Some current accounts offer arranged overdrafts for smaller sums. These are expensive over time and best for short-term gaps.
Save over time If your purchase isn’t urgent, saving means you avoid borrowing costs. The downside is waiting longer to get what you need.
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Lenders
Curious about who’s behind the loans? Take a look at each lender’s page below to learn more:
Reviewed on 10 Dec 2025 by
