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Sometimes, you may believe that borrowing money is the only option available if you need to deal with an emergency expense. However, before you fill in any applications, it’s important you consider all possible routes and ensure you’re making the right decision for your needs.
A £2,000 payday loan may be the right choice in such a situation. You can get your hands on the cash you need quickly and then pay back the loan within a month. However, payday loans for a high amount, such as £2,000, can be tricky to pay back quickly – especially with interest added.
So, before you do anything, read on to learn more about payday loans for £2,000 and what you need to think about before you go ahead.
What is a £2,000 payday loan?
£2,000 loans, also called payday loans, are there to help you in a time of need before payday or any time of the month to help cover any unexpected costs, pay off bills, or just tide you over. You can use these loans for whatever expenses you need, and a £2,000 payday loan may feel like the right choice in such a situation. You can get your hands on the cash you need quickly and repay the loan within a month or up to 36 months if you wish. Just note that the interest rate will be higher due to the larger amount, reflecting the repayment period.
Can I get a £2,000 loan?
Before you apply for a loan, it’s a good idea to check if you can get one. Each lender will have their own set of criteria, but to be eligible for a £2,000 loan with Sunny, you must be:
- 18 years old or above
- A UK resident
- Receive a regular income
- Able to provide evidence of your address for the past three years
- Not bankrupt or otherwise insolvent
- Able to supply details of a bank account and debit card
- Able to provide a working email address and mobile phone number
Meeting these requirements doesn’t guarantee that you will be accepted for a 2,000-pound loan as your credit score and ability to make repayments are also taken into account. Still, it can give you an idea of whether you’re more likely to obtain a loan or not.
What about £2,000 loans for bad credit?
If you have poor credit and need to borrow £2,000, don’t worry, as you can still receive a loan. We offer bad credit loans even for larger amounts, as we understand everyone’s financial situation is unique. When you apply for a £2k loan for bad credit, direct lenders will run soft credit checks to make sure that you can pay your loan back responsibility. These don’t harm your score further; know that other factors are also considered. So, a bad credit score won’t be the sole reason you can’t get a loan for £2,000.
How to get a £2,000 loan
Taking out a loan for £2,000 is simple and easy, as you can apply online today. As we are a credit broker, we will pass your application to a range of direct lenders with a £2,000 loan, who will run a soft check and provide an instant decision. If you are eligible, your £2k loan can be in your account the same day. You can get your finances back on track with instant loans from Sunny.
Apply for a £2,000 loan online
With easy-to-manage instalments and no fees, an instant loan for £2,000 with Sunny could help. With a simple application to fill out, soft searches which don’t impact your credit score, and £2,000 loans for bad credit available, you can apply online today and get instant decisions.
Representative 89% APR
£2,000 Payday Loan FAQs
Here, we've answered some of the most important questions around loans for £2,000.
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A loan of this size can be used for several reasons, from purchasing a new car if yours is no longer driveable to emergency costs for your home, such as a new boiler. How you use your payday loan is up to you, but you should only take one on if it is completely necessary, as it can lead to financial strain in the future.
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This depends on the lender and deal available, but when you apply online for a 2,000-pound loan with Sunny, you can select your own repayment period to help you spread the cost of your borrowing to fit your needs. Our lenders offer repayments between 3 and 36 months for £2k loans. It’s important to know that the chosen period can reflect the amount of interest added. If you wish to pay it off faster, you can make early payments with no extra fees, so it’s completely up to you.
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When you apply for a loan, your credit rating will be impacted. However, if you continue to pay back what you’ve borrowed on time and in full, then this will improve again. This is why it’s important you apply with confidence, knowing that you can pay back what you borrow to ensure you don’t incur any late payment markers on your credit report.
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No, the Financial Conduct Authority demands that all loan providers conduct credit checks no matter how small the loan may be. So, if a lender is offering you a £2,000 loan with no credit check, they aren’t regulated lenders, and we recommend that you do not use them. If you are worried about being credit checked due to a low credit score, don’t worry, as you can still get bad credit £2,000 payday loans.
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How much a loan for £2,000 will cost depends on a few things, such as how long you’re borrowing for and how much interest you will have to pay on top of your loan. While interest rates vary, they are usually less for higher amounts, but know that your credit score and repayment period influence the rate. On your application, you can select your chosen amount and repayment period to gauge how much it will cost you and use this to compare £2,000 loans.
Terms and Conditions
A lender's eligibility check will assess whether you meet their lending criteria. Even if you are eligible, they may still require proof of ID and/or proof of income before they approve the loan.
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Speedy payment
Small loans can be sent today.
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Instant quote with a soft search and no fees.
1000's of people helped
Over 7500+ no-obligation quotes processed daily!