£2,000 Personal Loan
A £2,000 loan can help you cover a bigger cost, like a major car repair or furnishing a new home. Borrow £2,000 from Oakbrook Loans and repay it in fixed monthly amounts over 12 to 60 months. There are no fees to take out the loan. Check your eligibility in minutes. It won’t affect your credit score.
months
24 monthly repayments of
£104.23
Total repayable
£2,501.41
Representative example
Borrowing £5000 over 36 months at Representative 24.9% APR and interest rate 24.9% p.a (fixed) with monthly repayments of £192.18 and a total amount payable of £6,918.52. This example is for illustration purposes only. The rate and term you are offered is dependent on your individual circumstance. Rates from 19.9% APR to maximum 38.9% APR. Loan terms for 12 – 60 months.
When consolidating your existing borrowing, you may extend the term of your debt and increase the total amount you repay.
| The short answer | |
|---|---|
| ✓ | A £2,000 loan from Oakbrook Loans is an unsecured personal loan. You repay it in fixed monthly amounts over 12 to 60 months. |
| ✓ | Over 24 months at Representative 24.9% APR, you'd repay £104.23 a month and £2,501.41 in total. |
| ✓ | We lend from £1,000 to £10,000. |
| ✓ | There are no fees to take out the loan. |
| ✓ | Checking your eligibility uses a soft search, so it won't affect your credit score. If you go ahead, we'll do a full credit check. |
| ✓ | Oakbrook Loans is a direct lender, authorised and regulated by the Financial Conduct Authority (FRN 723558). |
How do £2,000 loans work?
A £2,000 loan gives you £2,000 upfront, which you repay in equal monthly instalments at a fixed rate over 12 to 60 months.
Use our calculator to choose your term and see your monthly repayment and total repayable. For £2,000, a term of one to two years keeps the total interest lower, while a longer term lowers your monthly repayment.
Then check your eligibility. This uses a soft search, so it won’t affect your credit score. If you’re eligible, you’ll see your personal rate before you decide to go ahead. When you apply, we check your credit history and circumstances to make sure the loan is affordable for you. With your consent, we may also use Open Banking data.
Oakbrook Loans is a trading style of Oakbrook Loans Limited, a direct lender based in Nottingham and authorised and regulated by the FCA.
How much does a £2,000 loan cost?
What you repay depends on the rate you’re offered and how long you borrow for. Here’s what £2,000 costs at Representative 24.9% APR:
| Term | Monthly repayment | Total repayable | Total interest |
|---|---|---|---|
| 12 months | £187.65 | £2,251.75 | £251.75 |
| 24 months | £104.23 | £2,501.41 | £501.41 |
| 36 months | £76.87 | £2,767.41 | £767.41 |
| 48 months | £63.53 | £3,049.35 | £1,049.35 |
| 60 months | £55.78 | £3,346.70 | £1,346.70 |
Note – Calculated at Representative 24.9% APR (fixed). Your rate depends on your circumstances.
Representative example: Borrowing £2,000 over 24 months at Representative 24.9% APR, interest rate 24.9% p.a. (fixed), with monthly repayments of £104.23 and a total amount payable of £2,501.41. This example is for illustration only. The rate and term you’re offered depend on your individual circumstances. Rates range from 19.9% APR to a maximum of 38.9% APR, and loan terms run from 12 to 60 months.
Who can apply for a £2,000 loan?
To apply for a £2,000 loan with Oakbrook Loans, you need to be 18 or over, live in the UK, have a UK current account in your name and be able to afford the repayments. The loan is unsecured, so you don’t need a guarantor or to put up your home as security. Oakbrook Loans assesses your application on its own.
To apply, you’ll need to:
- Be aged 18 or over
- Be a UK resident
- Have a UK current account in your name
- Be able to afford the monthly repayments
Meeting these criteria doesn’t guarantee approval. All applications are subject to credit and affordability checks.
What do you need to apply for a £2,000 loan?
To apply for a £2,000 loan with Oakbrook Loans, you’ll need your address history, your contact details and your income and regular outgoings.
- Your address history for the last 12 months
- Your contact details, including email
- Your income and regular outgoings
If your application is successful, we’ll also ask for your bank account details so we can pay the loan into your account.
Ready for your personalised quote?
months
24 monthly repayments of
£104.23
Total repayable
£2,501.41
How do I apply?
When applying for one of our unsecured personal loans there are three simple steps to follow:
1. Tell us a bit about you
2. Get an instant response
3. Single monthly repayment date
Why apply for a £2,000 loan?
A £2,000 loan can help you pay for something now and spread the cost over a term that fits your budget, with one fixed repayment each month.
No loan fees, even if you make overpayments on your loan.
Easily manage your account online.
An eligibility decision while you wait.
We’ll try to pay your money into your bank account as soon as possible. During busy periods, this could take up to 5 working days.
What can I use a £2,000 loan for?
A £2,000 personal loan can help with planned or unplanned costs. Common uses include:
Car costs: Pay for a major repair or put down a deposit on a used car.
Furniture and appliances: Furnish a new home or replace items that have worn out.
Moving home: Cover removals, deposits and setting-up costs.
Debt consolidation: Bring smaller card or overdraft balances into one monthly repayment. Consolidating borrowing may extend your repayment term and increase the total amount you repay.
Can I get a £2,000 loan with bad credit?
You may be able to get a £2,000 loan with a weaker credit history, but it depends on your circumstances, and you may be offered a higher rate.
When you apply for £2,000, we look at your credit history alongside your income and regular outgoings to make sure the repayments are affordable for you. With your consent, we may also use Open Banking information to better understand your financial situation.
Your credit history can affect whether we offer you a loan and the rate you receive. If you have a weaker credit history, you may be offered a higher APR than our lowest advertised rate.
Start by checking your eligibility. This uses a soft search, so it won’t affect your credit score, and helps you see whether we can offer you a loan before you decide to continue. Approval is subject to credit and affordability checks.
FAQs - People Also Ask
A £2,000 loan is an unsecured personal loan where you borrow £2,000 and repay it in fixed monthly instalments over a set term. With Oakbrook Loans, there are no loan fees, and your rate stays the same for the whole loan.
Use our calculator to choose your term, then check your eligibility online. It won’t affect your credit score. If you’re eligible, you’ll see your personal rate and repayments. If you go ahead, we’ll complete a full credit and affordability check before we lend.
You can get a £2,000 loan from banks, building societies and online lenders like Oakbrook Loans. Applying directly with a lender means there are no broker fees. Compare the total repayable across terms. At Representative 24.9% APR, you’d repay £2,251.75 over 12 months or £3,346.70 over 60 months.
You may be able to. We look at your whole situation, including your income and outgoings, not just your credit score. A weaker credit history may mean a higher rate. Checking your eligibility won’t affect your credit score.
At our Representative 24.9% APR, borrowing £2,000 over 24 months costs £104.23 a month, with £2,501.41 repayable in total. Your repayments depend on the rate you’re offered and the term you choose. Use our calculator to see different options.
No. As a responsible lender, we carry out a full credit check before we lend. Checking your eligibility first uses a soft search, which won’t affect your credit score. The full credit check only happens if you choose to go ahead.
Our £2,000 loans are unsecured. You don’t need to put up your home or car as security, and you don’t need a guarantor. Over 24 months at Representative 24.9% APR, you’d repay £2,501.41 in total.
You’ll see your eligibility decision on screen after you tell us about you. If you’re accepted and go ahead, we’ll try to pay the money into your bank account as soon as possible. During busy periods, this could take up to 5 working days.
Yes. You can use a £2,000 loan to combine card or overdraft balances into one monthly repayment. Consolidating borrowing may extend your repayment term and increase the total amount you repay.
Yes. At Representative 24.9% APR, borrowing £2,000 over 12 months costs £251.75 in interest, compared with £1,346.70 over 60 months. A shorter term means higher monthly repayments, so choose a term you can comfortably afford.