Compare 24 Month Loans

Compare the best 24 month loans currently available in the UK side by side using our comparison of cheap 2 year loans, find the lender that will offer you the cheapest 24 month loan rates and apply online in minutes. Cut the cost of borrowing with the best loan over 2 years however much you are looking to borrow.
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 LoanRepresentative APRFor Loan AmountsTerm 
MinimumMaximumMinimumMaximum
Promoted Results
Zopa
Personal Loan
£1,000£20,0004.3%£7,500 to £15,000
2
years
5
years
Representative Example: The Representative APR is 4.3% so if you borrow £10,000 over 3 years at a rate of 4.3% p.a. (fixed) you will repay £296.42 per month & £10,671.12 in total.
You must be at least 23 years old, with an annual income of at least £16,000 & have a good credit history / no CCJ's.
Clydesdale Bank
Personal Loan
£1,000£25,0004.4%£7,500 to £15,000
1
year
7
years
Representative Example: The Representative APR is 4.4% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.4% p.a. (fixed) you will repay £227.20 per month & £10,905.60 in total.
Apply online and get an instant decision. Any purpose loans. You can repay your loan in full and part at any time and they'll reduce the total credit payable under the agreement.
Yorkshire Bank
Personal Loan
£1,000£25,0004.4%£7,500 to £15,000
1
year
7
years
Representative Example: The Representative APR is 4.4% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.4% p.a. (fixed) you will repay £227.20 per month & £10,905.60 in total.
Tesco Bank
Personal Loan
£3,000£25,0004.5%£7,500 to £15,000
1
year
10
years
Representative Example: The Representative APR is 4.5% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.5% p.a. (fixed) you will repay £227.62 per month & £10,925.76 in total.
Hitachi Personal Finance
 
Personal Loan
£2,500£25,0004.5%£7,500 to £10,000
2
years
5
years
Representative Example: The Representative APR is 4.5% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.5% p.a. (fixed) you will repay £227.63 per month & £10,926.24 in total.
Santander
Internet Loan
£1,000£20,0004.5%£7,500 to £15,000
1
year
5
years
Representative Example: The Representative APR is 4.5% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.5% p.a. (fixed) you will repay £227.63 per month & £10,926.24 in total.
Derbyshire Building Society
 
Personal Loan
£5,000£20,0004.6%£7,500 to £15,000
1
year
5
years
Representative Example: The Representative APR is 4.6% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.6% p.a. (fixed) you will repay £228.06 per month & £10,946.88 in total.
For a limited time, get 4.6% APR Representative for loans between £7,500 and £15,000.
AA
Loan
£3,000£25,0004.7%£7,500 to £15,000
2
years
5
years
Representative Example: The Representative APR is 4.7% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.7% p.a. (fixed) you will repay £228.49 per month & £10,967.52 in total.
One year term is available for loans under £5,000.
M&S Bank
Personal Loan (New Customers)
£1,000£25,0004.8%£7,500 to £15,000
1
year
7
years
Representative Example: The Representative APR is 4.8% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.8% p.a. (fixed) you will repay £228.93 per month & £10,988.64 in total.
To apply for an M&S Personal Loan you have to be a UK resident aged 30 or over or a homeowner.
To apply for an M&S Loan, you must have an annual income of at least £10,000 and be aged 30 or over, or a homeowner aged 18 or over.
RBS
Internet Loan (Existing Customers)
£1,000£25,0004.9%£7,500 to £14,950
1
year
7
years
Representative Example: The Representative APR is 4.9% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.9% p.a. (fixed) you will repay £229.36 per month & £11,009.28 in total.
Available to existing customers only.
If you choose to repay your loan early, an early redemption charge of up to 58 days' interest will apply. Other loan amounts are available at alternative rates. Rates depend on circumstances and loan amount.
Nationwide
Personal Loan
£7,500£25,0006.2%£7,500 to £14,999
1
year
5
years
Representative Example: The representative APR is 6.2% (fixed) so if you borrow £11,000 over 51 months at a rate of 6.2% p.a. (fixed) you will repay £245.04 per month & £12,497.04 in total.
NatWest
Personal Loan
£1,000£25,0006.4%£7,500 to £14,950
1
year
7
years
Representative Example: The Representative APR is 6.4% (fixed) so if you borrow £10,000 over 4 years at a rate of 6.4% p.a. (fixed) you will repay £235.77 per month & £11,316.96 in total.
Available to existing customers only.
If you choose to repay your loan early, an early redemption charge of up to 58 days' interest will apply. Other loan amounts are available at alternative rates. Rates depend on circumstances and loan amount.
Moneyway
Plus Loan
£3,000£15,0007.5%£7,001 to £15,000
1
year
5
years
Representative Example: The Representative APR is 7.9% so if you borrow £7,000 over 3 years at a rate of 7.9% p.a. (fixed) you will repay £218.15 per month & £7,853.40 in total.
Norton Finance
Secured loan from one of the UK's oldest lenders
£10,000£30,000
14.5%
variable
---
1
year
20
years
Representative Example: The Representative APR is 14.5% (variable) so if you borrow £20000 over 10 years at a rate of 10.9% p.a. (variable) you will repay £305.87 per month & total amount payable £36,704.40.
You must be a homeowner to apply as this loan will be secured against your home.
Clearly Loans
EXCLUSIVE secured loan product to money.co.uk
£5,000£50,000
15.05%
variable
---
1
year
20
years
Representative Example: The Representative APR is 15.05% (variable) so if you borrow £15000 over 10 years at a rate of 10.9% p.a. (variable) you will repay £233.83 per month & total amount payable £28,059.84.
You must be a homeowner to apply as this loan will be secured against your home.
Clearly Loans
EXCLUSIVE mild adverse secured loan
£5,000£50,000
15.78%
variable
---
1
year
20
years
Representative Example: The Representative APR is 15.78% (variable) so if you borrow £15000 over 10 years at a rate of 11.5% p.a. (variable) you will repay £239.64 per month & total amount payable £28,757.90.
You must be a homeowner to apply as this loan will be secured against your home.
Clearly Loans
EXCLUSIVE available in Northern Ireland
£7,500£50,000
17.4%
variable
---
1
year
20
years
Representative Example: The Representative APR is 17.4% (variable) so if you borrow £30000 over 15 years at a rate of 13.9% p.a. (variable) you will repay £443.22 per month & total amount payable £79,779.60.
You must be a homeowner to apply as this loan will be secured against your home.
Norton Finance
Secured loan from one of the UK's oldest lenders
£3,000£30,000
18.1%
variable
---
1
year
20
years
Representative Example: The Representative APR is 18.1% (variable) so if you borrow £15000 over 10 years at a rate of 13.9% p.a. (variable) you will repay £258.64 per month & total amount payable £31,036.80.
You must be a homeowner to apply as this loan will be secured against your home.
Clearly Loans
EXCLUSIVE near prime secured loan to money.co.uk
£5,000£30,000
18.87%
variable
---
1
year
20
years
Representative Example: The Representative APR is 18.87% (variable) so if you borrow £15000 over 10 years at a rate of 14% p.a. (variable) you will repay £264.65 per month & total amount payable £31,758.42.
You must be a homeowner to apply as this loan will be secured against your home.
Moneyway
Personal Loan
£1,000£15,00018.9%£12,001 to £15,000
1
year
5
years
Representative Example: The Representative APR is 24.9% so if you borrow £5,000 over 4 years at a rate of 22.46% p.a. (fixed) you will repay £158.73 per month & £7,619.04 in total.
Norton Finance
Secured loan from one of the UK's oldest lenders
£3,000£30,000
19.4%
variable
---
1
year
20
years
Representative Example: The Representative APR is 19.4% (variable) so if you borrow £15000 over 10 years at a rate of 14.9% p.a. (variable) you will repay £268.85 per month & total amount payable £32,262.00.
You must be a homeowner to apply as this loan will be secured against your home.
Clearly Loans
EXCLUSIVE secured loan product to money.co.uk
£5,000£50,000
19.82%
variable
---
1
year
20
years
Representative Example: The Representative APR is 19.82% (variable) so if you borrow £10000 over 5 years at a rate of 11.9% p.a. (variable) you will repay £255.12 per month & total amount payable £15,307.15.
You must be a homeowner to apply as this loan will be secured against your home.
Clearly Loans
EXCLUSIVE near prime secured loan to money.co.uk
£5,000£30,000
20.14%
variable
---
1
year
20
years
Representative Example: The Representative APR is 20.14% (variable) so if you borrow £15000 over 10 years at a rate of 15% p.a. (variable) you will repay £275 per month & total amount payable £32,998.74.
You must be a homeowner to apply as this loan will be secured against your home.
Clearly Loans
EXCLUSIVE mild adverse secured loan
£5,000£50,000
20.57%
variable
---
1
year
20
years
Representative Example: The Representative APR is 20.57% (variable) so if you borrow £10000 over 5 years at a rate of 12.5% p.a. (variable) you will repay £258.61 per month & total amount payable £15,516.91.
You must be a homeowner to apply as this loan will be secured against your home.
Norton Finance
Secured loan for those with adverse credit
£3,000£30,000
20.6%
variable
---
1
year
20
years
Representative Example: The Representative APR is 20.6% (variable) so if you borrow £15000 over 10 years at a rate of 15.9% p.a. (variable) you will repay £279.12 per month & total amount payable £33,494.40.
You must be a homeowner to apply as this loan will be secured against your home.
Clearly Loans
EXCLUSIVE available in Northern Ireland
£7,500£50,000
20.9%
variable
---
1
year
20
years
Representative Example: The Representative APR is 20.9% (variable) so if you borrow £20000 over 10 years at a rate of 15.9% p.a. (variable) you will repay £374.67 per month & total amount payable £44,960.40.
You must be a homeowner to apply as this loan will be secured against your home.
Norton Finance
Secured loan for those with adverse credit
£3,000£30,000
24.7%
variable
---
1
year
20
years
Representative Example: The Representative APR is 24.7% (variable) so if you borrow £10000 over 5 years at a rate of 16.9% p.a. (variable) you will repay £277.6 per month & total amount payable £16,656.00.
You must be a homeowner to apply as this loan will be secured against your home.
Opal Loans
Personal Loan
£2,000£10,00024.9%£2,000 to £10,000
2
years
5
years
Representative Example: Representative 24.9% APR (variable). Borrow £5,000 and pay £198.53 a month for 36 months. The Total Interest Payable is £2,147.08. The Total Amount Payable is £7,147.08.
Opal Loans offers a loan broking service. Please only apply if you are a home owner, aged 25 to 72, earning £15,000 per annum, and making regular payments to your mortgage.
Clearly Loans
EXCLUSIVE high LTV secured loan
£5,000£30,000
26.96%
variable
---
1
year
20
years
Representative Example: The Representative APR is 26.96% (variable) so if you borrow £7500 over 5 years at a rate of 16.9% p.a. (variable) you will repay £216.25 per month & total amount payable £12,974.61.
You must be a homeowner to apply as this loan will be secured against your home.
Clearly Loans
EXCLUSIVE mild adverse secured loan
£5,000£30,000
28.44%
variable
---
1
year
20
years
Representative Example: The Representative APR is 28.44% (variable) so if you borrow £7500 over 5 years at a rate of 18% p.a. (variable) you will repay £221.43 per month & total amount payable £13,285.87.
You must be a homeowner to apply as this loan will be secured against your home.
Everydayloans
Duo Loan
£1,000£5,00044.8%£1,000 to £5,000
13
months
5
years
Representative Example: The Representative APR is 44.8% (variable) so if you borrow £3,000 over 3 years at a rate of 37.6% p.a. (variable) you will repay £140.16 per month & £5,045.72 in total.
The Duo guarantor loan from Everyday loans is one of the lowest cost Guarantor Loans in the UK. There are no upfront or late fees. If you can afford the loan repayments and have a guarantor that's a UK homeowner, we can help.
GuarantorUs Loans
 
Unsecured Guarantor Loan
£1,000£5,00045.0%£1,000 to £5,000
1
year
5
years
Representative Example: The representative APR is 45.0% (variable) so if you borrow £5,000 over 2 years at a rate of 37.77% p.a. (variable) you will repay £299.96 per month & £7,198.98 in total.
GuarantorUs offer the best value guarantor loan in the UK. Find a guarantor and receive up to £5,000 the same day. No fees ever.
UK Credit Ltd
Guarantor Loan
£1,000£7,50047.9%£1,000 to £7,500
1
year
5
years
Representative Example: £3,000 over 3 years, Annual interest rate 39.8% fixed, monthly payment £143.98. Interest payable £2,183.28. Total repayable £5,183.28. Representative 47.9% APR fixed.
UK Credit is a specialist, no fee guarantor loan provider. All bad credit considered. Please only apply if you have a homeowner guarantor to support your application.
1Plus1 Loans
1Plus1 Loan
£500£5,00049.7%£500 to £5,000
1
year
5
years
Representative Example: The Representative APR is 49.7% (fixed) so if you borrow £2,000 over 2 years at a rate of 49.7% p.a. (fixed) you will repay £123.49 per month & £2,963.76 in total. Arrangement fee £50.
A 10% broker fee will be included within your monthly repayments.
Amigo Loans Ltd
Guarantor Loan
£500£5,00049.9%£500 to £5,000
1
year
5
years
Representative Example: The Representative APR is 49.9% (variable) so if you borrow £5,000 over 2 years at a rate of 41.16% p.a. you will repay £309.08 per month & £7,417.92 in total.
Struggling to get a loan even though you know can afford to pay it back? Amigo can lend you up to £5000 as long as you've got someone willing to back you up.
UK Trust Loans
Guarantor Loan
£1,500£3,00049.9%£1,500 to £3,000
1
year
3
years
Representative Example: The representative APR is 49.9% (variable) so if you borrow £1,500 over 2 years at a rate of 41.16% p.a. (fixed) you will repay £92.74 per month & £2,225.76 in total.
1st Stop
Guarantor Loan
£500£5,00052.6%£500 to £5,000
1
year
5
years
Representative Example: The representative APR is 52.64% so if you borrow £3,500 over 3 years at a rate of 52.64% p.a. (fixed) you will repay £174.92 per month & £6,297.12 in total.
Aspire Money
Personal Loan
£500£7,50058.5%£500 to £7,500
1
year
7
years
Representative Example: Representative 58.5% APR. Borrow £5,000 and pay £297.34 a month for 36 months. The interest payable is £5,704.24. The total repayable is £10,704.24.
Aspire Money offer a loan brokering service with no upfront fees and have loans available that don\'t require a guarantor. Please only apply if you are aged 18 to 65, employed or self employed with a income of more than £800 a month.
Evolution Money
Unlimited equity loans up to £5,500
£2,000£5,500
63%
variable
---
1.5
years
5
years
Representative Example: The Representative APR is 63% (variable) so if you borrow £3500 over 3 years at a rate of 42.6% p.a. (variable) you will repay £189.17 per month & total amount payable £6,810.12.
You must be a homeowner to apply as this loan will be secured against your home.
UK Credit Ltd
Tenant Guarantor Loan
£1,000£3,00069.9%£1,000 to £3,000
1
year
3
years
Representative Example: £2,000 over 2 years, Annual interest rate 45.84% fixed, monthly payment £113.47. Interest payable £2,084.92. Total repayable £4,084.92. Representative 69.9% APR fixed.
Get a guarantor loan today using a TENANT AS YOUR GUARANTOR. All bad credit is considered. Ideal for consolidating more expensive credit. No fees. Fixed rates.
Evolution Money
Unlimited equity loan up to £3,000
£1,000£3,000
82.5%
variable
---
1
year
3
years
Representative Example: The Representative APR is 82.5% (variable) so if you borrow £2000 over 2 years at a rate of 51.1% p.a. (variable) you will repay £146.96 per month & total amount payable £3,527.04.
You must be a homeowner to apply as this loan will be secured against your home.
118 118 Money
Loan
£1,000£5,00099.9%£1,000 to £5,000
1
year
2
years
Representative Example: The Representative APR is 99.9% so if you borrow £2,000 over 2 years at a rate of 71% p.a. (fixed) you will repay £158.13 per month & £3,795.12 in total.
Funding Circle
Business Loan
£5,000£1,000,000
---
---
6
months
5
years
Applicants must have 2 years+ of filed accounts with Companies House and have a minimum turnover of £100k.
UK's biggest peer-to-peer business lender. 10% of all eligible loans funded by UK Government. Established businesses only.
Merchant Money
Business Loan
£1,000£50,000
---
---
1
month
2
years
Available for Ltd companies only.
RateSetter
Business Loan
£1,000£25,000
---
---
1
year
5
years
Full Results
Zopa
Personal Loan
£1,000£20,0004.3%£7,500 to £15,000
2
years
5
years
Representative Example: The Representative APR is 4.3% so if you borrow £10,000 over 3 years at a rate of 4.3% p.a. (fixed) you will repay £296.42 per month & £10,671.12 in total.
You must be at least 23 years old, with an annual income of at least £16,000 & have a good credit history / no CCJ's.
Clydesdale Bank
Personal Loan
£1,000£25,0004.4%£7,500 to £15,000
1
year
7
years
Representative Example: The Representative APR is 4.4% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.4% p.a. (fixed) you will repay £227.20 per month & £10,905.60 in total.
Apply online and get an instant decision. Any purpose loans. You can repay your loan in full and part at any time and they'll reduce the total credit payable under the agreement.
Yorkshire Bank
Personal Loan
£1,000£25,0004.4%£7,500 to £15,000
1
year
7
years
Representative Example: The Representative APR is 4.4% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.4% p.a. (fixed) you will repay £227.20 per month & £10,905.60 in total.
Clydesdale Bank
Personal Loan (Ex/C)
£1,000£25,0004.4%£7,500 to £15,000
1
year
7
years
Representative Example: The Representative APR is 4.4% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.4% p.a. (fixed) you will repay £227.20 per month & £10,905.60 in total.
Sainsbury's Bank
 
Standard Medium Loan (1-3 Yrs)
£7,500£15,0004.4%£7,500 to £15,000
1
year
3
years
Representative Example: The Representative APR is 4.4% (fixed) so if you borrow £10,000 over 2 years at a rate of 4.4% p.a. (fixed) you will repay £435.65 per month & £10,455.60 in total.
Yorkshire Bank
Personal Loan (Ex/C)
£1,000£25,0004.4%£7,500 to £15,000
1
year
7
years
Representative Example: The Representative APR is 4.4% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.4% p.a. (fixed) you will repay £227.20 per month & £10,905.60 in total.
Available to existing customers only.
Tesco Bank
Personal Loan
£3,000£25,0004.5%£7,500 to £15,000
1
year
10
years
Representative Example: The Representative APR is 4.5% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.5% p.a. (fixed) you will repay £227.62 per month & £10,925.76 in total.
Hitachi Personal Finance
 
Personal Loan
£2,500£25,0004.5%£7,500 to £10,000
2
years
5
years
Representative Example: The Representative APR is 4.5% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.5% p.a. (fixed) you will repay £227.63 per month & £10,926.24 in total.
Santander
Internet Loan
£1,000£20,0004.5%£7,500 to £15,000
1
year
5
years
Representative Example: The Representative APR is 4.5% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.5% p.a. (fixed) you will repay £227.63 per month & £10,926.24 in total.
Hitachi Personal Finance
 
Car Loan
£2,500£25,0004.5%£7,500 to £10,000
2
years
5
years
Representative Example: The Representative APR is 4.5% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.5% p.a. (fixed) you will repay £227.50 per month & £10,920.00 in total.
Santander
Branch Loan (123 Customers)
£1,000£20,0004.5%£7,500 to £20,000
1
year
5
years
Representative Example: The Representative APR is 4.5% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.5% p.a. (fixed) you will repay £227.63 per month & £10,926.24 in total.
Available to existing customers only.
Santander
Branch Loan (Standard)
£1,000£20,0004.5%£7,500 to £15,000
1
year
5
years
Representative Example: The Representative APR is 4.5% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.5% p.a. (fixed) you will repay £227.63 per month & £10,926.24 in total.
Santander
Telephone Loan (123 Customers)
£1,000£20,0004.5%£7,500 to £20,000
1
year
5
years
Representative Example: The Representative APR is 4.5% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.5% p.a. (fixed) you will repay £227.63 per month & £10,926.24 in total.
Available to existing customers only.
Santander
Telephone Loan (Standard)
£1,000£20,0004.5%£7,500 to £15,000
1
year
5
years
Representative Example: The Representative APR is 4.5% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.5% p.a. (fixed) you will repay £227.63 per month & £10,926.24 in total.
Santander
Select Loan (Select Customers)
£1,000£25,0004.5%£7,500 to £25,000
1
year
5
years
Representative Example: The Representative APR is 4.5% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.5% p.a. (fixed) you will repay £227.63 per month & £10,926.24 in total.
Available to existing customers only.
Derbyshire Building Society
 
Personal Loan
£5,000£20,0004.6%£7,500 to £15,000
1
year
5
years
Representative Example: The Representative APR is 4.6% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.6% p.a. (fixed) you will repay £228.06 per month & £10,946.88 in total.
For a limited time, get 4.6% APR Representative for loans between £7,500 and £15,000.
AA
Member Loan
£3,000£25,0004.6%£7,500 to £15,000
2
years
5
years
Representative Example: The Representative APR is 4.6% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.6% p.a. (fixed) you will repay £228.06 per month & £10,946.88 in total.
Available to existing customers only.
One year term is available for loans under £5,000.
AA
Loan
£3,000£25,0004.7%£7,500 to £15,000
2
years
5
years
Representative Example: The Representative APR is 4.7% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.7% p.a. (fixed) you will repay £228.49 per month & £10,967.52 in total.
One year term is available for loans under £5,000.
M&S Bank
Personal Loan (Existing Customers)
£1,000£25,0004.7%£7,500 to £15,000
1
year
7
years
Representative Example: The Representative APR is 4.7% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.7% p.a. (fixed) you will repay £228.49 per month & £10,967.52 in total.
Available to existing customers only.
To apply for an M&S Loan, you must have an annual income of at least £10,000 and be aged 30 or over, or a homeowner aged 18 or over.
First Direct
Personal Loan
£1,000£25,0004.7%£7,000 to £15,000
1
year
7
years
Representative Example: The Representative APR is 4.7% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.7% p.a. (fixed) you will repay £228.67 per month & £10,976.16 in total.
Available to existing customers only.
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How to Find the Best 24 Month Loans

There are a lot of companies out there offering you the opportunity to get your hands on a 24 month loan – here’s how to compare what’s available and decide which one’s right for you.

One Pound

There’s no shortage of companies offering 18 month loans and 2 year loans, but this doesn't mean you should pick the first one that pops up.

How much do you need to borrow?

To find the best 24 month loan, you need to decide how much you need to borrow before you even start looking at comparing or applying for one.

Whether the loan is to pay for something you’re planning to buy, or to cover an unexpected expense, try to work out precisely how much you want prior to making a 24 month loan comparison.

Sometimes it can be tempting to apply for more cash than you actually need, but don’t get carried away – you will have to pay back everything you borrow, and more on top of that.

How to compare 24 month loans

Once you know how much you want to borrow, you can start comparing the different loans on the market.

Check the application criteria

Each lender will have different conditions about who they will lend to and under what circumstances.

So if you know you’re likely to be refused by one – maybe because you’re not a certain age, don’t earn a specified amount or have a poor credit history – it’s best not to apply.

If you do approach a whole bunch of companies, it could well hurt your credit rating by making you appear desperate, so it’s best to hedge your bets and talk only to lenders who might actually be able to help you.

Minimum and maximum loan amounts

Lenders will offer varying amounts of money, which is why it’s important to have a figure in mind when looking for loans over 2 years, so that you know which ones you can rule out.

Some will let you borrow a minimum of £5,000, while others will set their maximum amount at £15,000, so which ones you can choose will depend largely on your circumstances.

Companies offering unsecured loans over 2 years will lend less than those who provide secured personal loans over 2 years.

Loan penalty fees and flexibility

Even for loans which you want to pay off over a certain amount of time, such as a 2 year loan, it’s worth checking whether the company you’re borrowing from will charge fees if you want to repay the whole amount early.

Some will charge a month or two’s interest if you want to pay it back more quickly, while others could be flexible and allow overpayments, so check the contract conditions carefully.

Choosing the best loan rate for your circumstances

While lenders will provide a ‘representative’ Annual Percentage Rate (APR) that may seem low, it doesn't mean that applies to all their 2 year loans – far from it.

For example, a company advertising a typical APR of 4.6% on a loan of £7,500 could charge a far higher one on any other amount – even if it’s for a £1,000 or £2,000 loan.

That’s why it’s recommended that you make a thorough 24 month loan comparison to see what each company is proposing before you apply to any.

Why it might be better to borrow with a credit card

If you’re looking to borrow over 18 or 24 months, you might be better off using a credit card with 0% on balance transfers or purchases instead.

These cards don’t add interest on top of the cash you've borrowed for a certain amount of time, so you can focus on paying off what you owe without having to pay extra.

If you’d rather sidestep paying the interest on a 2 year loan, these cards offer a good alternative, though you will have to pay a balance transfer or handling fee to shift your debt from another card.

Remember you will still need to meet the card provider’s conditions, so only apply if you have a good chance of being accepted and can pay off what you borrowed during the 0% period.

You can find out more about using cards in this way from out guide Should I get a credit card or loan?

Loan Comparison

View all loan reviews.

Alternative Loans

You may want to compare the above loans with the following.

Bank of Ireland Personal Loan

  • This Bank of Ireland Personal Loan has a first payment due of 30 days.
  • This loan gives a 0 mth deferred start.
  • 7.7 percent representative APR.
  • £1,000 minimum loan is offered.
  • 5 yrs maximum loan term is available with Personal Loan.
  • Representative Example: The Representative APR is 7.7% (fixed) so if you borrow £10,000 over 4 years at a rate of 7.7% p.a. (fixed) you will repay £240.33 per month & £11,535.84 in total. Arrangement fee £65.

Post Office Personal Loan

  • You benefit from £0 minimum arrangement fee from this Personal Loan.
  • You will get minimum loan duration of 1 year.
  • Get £25,000 maximum loan.
  • A 7.4 percent representative APR is available.
  • £7,500 to £14,999 representative loan amount is offered to new customers.
  • Representative Example: The Representative APR is 7.4% (fixed) so if you borrow £10,000 over 4 years at a rate of 7.4% p.a. (fixed) you will repay £240.21 per month & £11,530.08 in total.

M&S Bank Car Loan (New Customers)

  • New customers get 30 days 1st payment due.
  • £25,000 max loan is offered.
  • £0 max arrangement fee.
  • You will enjoy £0 arrangement fee (£).
  • Representative Example: The Representative APR is 4.8% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.8% p.a. (fixed) you will repay £228.92 per month & £10,988.16 in total.

Ulster Bank Ufirst Gold

  • 30 days 1st payment due is available.
  • This Ulster Bank loan has 7 yrs maximum loan term.
  • 1 year minimum loan duration is available with the loan.
  • Have the benefit of arrangement fee (£) of £0.
  • Representative Example: The Representative APR is 8.8% (fixed) so if you borrow £10,000 over 4 years at a rate of 8.8% p.a. (fixed) you will repay £246.25 per month & £11,820 in total.

Metro Bank Personal Loan

  • New customers get 7.9% representative APR.
  • £0 maximum arrangement fee is available to new customers.
  • £2,000 minimum loan is offered to new customers.
  • Arrangement fee (£) of £0 is available.
  • Representative Example: The Representative APR is 7.9% (fixed) so if you borrow £2,000 over 2 years at a rate of 7.9% p.a. (fixed) you will repay £90.12 per month & £2,162.88 in total.

Wesleyan Bank Limited Personal Loan

  • £7,500 to £25,000 representative loan amount is offered with this loan.
  • Get representative APR of 8.4 percent.
  • Benefit from a representative APR of 8.4% from the Personal Loan.
  • Get max loan of £25,000.
  • Representative Example: The Representative APR is 8.4% (fixed) so if you borrow £10,000 over 4 years at a rate of 8.4% p.a. (fixed) you will repay £244.57 per month & £11,739.36 in total.