Best $2,000 Loans – Quick Answer
Compare $2,000 loans and find the right one for you
| Company | Interest | Loan Term | Loan amount | Accepts bad credit: | |
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recommended
| 5.99% – 35.99% | 2 Months – 6 Years | $500 – $35,000 | Yes | Explore more |
| 7.80% – 35.99% | 3 Years – 5 Years | $1,000 – $50,000 | Yes | Explore more |
recommended
| 9.99% – 35.99% | 2 Years – 7 Years | $1,000 – $50,000 | Yes | Explore more |
| 5.99% – 35.95% | 2 Months – 6 Years | $100 – $35,000 | Yes | Explore more |
| 5.99% – 35.99% | 3 Months – 6 Years | $500 – $10,000 | Yes | Explore more |
| 15.00% – 1,564.00% | 7 Days – 1 Year | $200 – $10,000 | Yes | Explore more |
| 59.00% – 179.00% | 6 Months – 1 Year , 6 Months | $500 – $5,000 | Yes | Explore more |
recommended
| 173.00% – 307.00% | 1 Month – 1 Year | $200 – $2,500 | Yes | Explore more |
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| Company | Overall Rating | Interest | Loan Term | Loan amount | Accepts bad credit: | Get Started |
|---|---|---|---|---|---|---|
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recommended
| 5.99% – 35.99% | 2 Months – 6 Years | $500 – $35,000 | Yes | Explore more | |
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| 7.80% – 35.99% | 3 Years – 5 Years | $1,000 – $50,000 | Yes | Explore more | |
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recommended
| 9.99% – 35.99% | 2 Years – 7 Years | $1,000 – $50,000 | Yes | Explore more | |
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| 5.99% – 35.95% | 2 Months – 6 Years | $100 – $35,000 | Yes | Explore more | |
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| 5.99% – 35.99% | 3 Months – 6 Years | $500 – $10,000 | Yes | Explore more | |
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| 15.00% – 1,564.00% | 7 Days – 1 Year | $200 – $10,000 | Yes | Explore more | |
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| 59.00% – 179.00% | 6 Months – 1 Year , 6 Months | $500 – $5,000 | Yes | Explore more | |
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recommended
| 173.00% – 307.00% | 1 Month – 1 Year | $200 – $2,500 | Yes | Explore more |
If you’re considering a $2,000 loan, you’ll find that there are numerous lenders ready to meet your needs.
With so many choices available, it can be challenging to pinpoint the one that best suits your financial situation.
To make your search easier, we dedicated over 30 hours to thoughtfully reviewing and comparing various loan providers.
(Note: This article is for informational purposes only, and we recommend conducting your own research before applying for any loan.)
Top 3 Options for a $2,000 loan
According to our analysis we found 3 loan options that stand out. Remember, when it comes to a loan the final choice should always be based on your specific needs and financial situation.
5KFunds – Best for Quick Approval
5KFunds is a suitable option for individuals with bad credit looking for personal loans.
Chosen 80,343 times- Check Rates without Credit Impact
- No Minimum Credit Score
- Large Network of Lenders
The platform features a straightforward application process and connects users with lenders willing to consider various credit profiles. Whether you’re addressing unexpected expenses or managing existing debt, 5KFunds provides access to financial resources tailored to your needs.
| Payoff Time | Origination Fee 1% | Monthly Payment – APR 5.99% | Total Payment- APR 5.99% |
|---|---|---|---|
| 3 months | $20 | $676.26 | $2,048.78 |
| 6 months | $20 | $348.59 | $2,065.53 |
| 12 months | $20 | $174.85 | $2,077.99 |
| 18 months | $20 | $117.61 | $2,116.69 |
| 24 months | $20 | $88.73 | $2,145.62 |
| 36 months | $20 | $61.45 | $2,221.04 |
How Much Will a $2,000 Loan Cost With 5KFunds?
5KFunds operates as a loan broker, meaning it connects borrowers with various lenders rather than providing loans directly.
The final cost of your loan will depend on the specific terms offered by the lender you choose.
The table reflects an example scenario where you receive a loan at the minimum APR with a 1% origination fee. This is purely illustrative; it’s essential to review the actual loan offer carefully and pay close attention to all terms and conditions before proceeding.
Upstart: Best for Lower Credit Scores
Upstart utilizes artificial intelligence and machine learning to assess borrowers, offering a unique approach to personal lending.
This innovative platform considers factors beyond traditional credit scores, such as education and employment history, potentially opening doors for borrowers who might not qualify with conventional lenders. With a streamlined online application process and quick funding times, Upstart aims to provide efficient financial solutions to meet diverse borrowing needs.
How Much Will a $2,000 Loan Cost With Upstart?
Upstart operates as a lending platform that connects borrowers with various lenders. The total cost of your loan can vary based on the specific terms offered by the lender, including the annual percentage rate (APR).
The following table presents an example scenario based on a $2,000 loan at the minimum APR of 7.80% with no origination fee. Please note that this information is for illustrative purposes only, and it’s essential to carefully review the actual loan terms and conditions provided by your chosen lender before making any financial commitments.
| Payoff Time | Initiation Fee 0% | Monthly Payment – APR 7.80% | Total Payment – APR 7.80% |
|---|---|---|---|
| 3 months | $0 | $677.59 | $2,032.77 |
| 6 months | $0 | $344.97 | $2,069.82 |
| 12 months | $0 | $176.10 | $2,113.20 |
| 18 months | $0 | $119.15 | $2,144.70 |
| 24 months | $0 | $90.91 | $2,181.84 |
| 36 months | $0 | $62.62 | $2,254.32 |
Upgrade – Best for Flexible Terms
Upgrade is a viable option for individuals looking for quick access to funds, as it provides fast payouts to help address urgent financial needs.
Chosen 2,223 times- High Trustpilot Rating
- No prepayment fees
- Fast Funding
- Helpful Support Team
The platform features a straightforward online application process and efficient approval times, allowing borrowers to secure loans swiftly. With a range of personal loans and credit lines available, Upgrade aims to meet the immediate cash requirements of various borrowers without significant delays.
How Much Will a $2,000 Loan Cost With Upgrade?
Upgrade acts as a loan facilitator, connecting you with potential lenders to help meet your financial needs.
The total cost of your loan can vary significantly based on the lender’s specific terms, including the annual percentage rate (APR) and origination fees.
The following table presents an example scenario based on a $2,000 loan at a minimum APR of 9.99% with a 1.85% origination fee. This information is for illustrative purposes only; it is crucial to thoroughly review the actual loan terms and conditions provided by your chosen lender before making any financial commitments.
| Payoff Time | Initiation fee 1.85% | Monthly Payment – APR 9.99% | Total Payment – APR 9.99% |
|---|---|---|---|
| 12 months | $37.00 | $175.87 | $2,147.44 |
| 24 months | $37.00 | $92.30 | $2,252.20 |
| 36 months | $37.00 | $64.53 | $2,360.08 |
| 48 months | $37.00 | $50.69 | $2,470.12 |
| 60 months | $37.00 | $42.45 | $2,584.00 |
How to Qualify for a $2000 Loan
Different lenders have specific terms and conditions when offering $2,000 personal loans.
Some will look at your credit standing, while others will focus on your account history. Some will have stricter qualifications than others.
It is a good idea to shop around for lenders offering a $2,000 loan and compare their criteria. You can find multiple trusted online lenders at Financer.com.
Most lenders in the U.S. will require the following from loan applicants:
- Full legal name
- Physical address
- Credit history
- Proof of income
FAQs About $2,000 Loans
Where Can I Borrow a 2,000 Dollar Loan With Bad Credit?
When you have bad credit, some banks have policies that automatically and immediately deny you a loan because your score is within an unfavorable range.
A person can have a poor credit score not only because of financial missteps but also simply due to having a short credit history. So banks are not always a feasible option.
Credit unions that are more relationship-based may be able to help you, but just like banks you’ve been doing business with for years, you might have to go through a lengthy approval process, which you simply may not have time for.
An online lender is one of your best options for a $2,000 loan with no credit, or bad credit. Online lenders are now a very common solution to this borrowing problem.
By comparing our lenders you could quickly be on your way to securing the $2,000 loan you need within as little as 24 hours.
How Will I Get the Money if My Loan Is Approved?
If approved for a $2,000 loan, your loan amount should generally be deposited into the bank account you provided your lender, as a lump sum, within 2 business weeks.
Some lenders though can deposit your loan funds into your account in as little as a single business day.
How Should I Choose a Lender?
Just because speed is a commodity shouldn’t mean you choose the first loan that seems to have the potential to get to you the fastest.
For example, just because it’s a Saturday and you need the loan on Sunday, doesn’t mean that you should apply to the first instant loan approval business you come across.
Take time to understand your lender, their terms of service, their annual percentage rate, how long you have to repay the loan, and your wallet will thank you down the track.
Fortunately, Financer.com has done away with a lot of the guesswork and has provided a list of trustworthy lenders that have a satisfactory history of helping people just like you.
How Long Does It Take To Get Approved for a $2000 Loan?
The application process is fast and you won’t have to wait long for a decision. You will generally be notified within the same day of the status of your application.
You can get started here with our loan comparison tool and find the loan best suited to your needs today.
