Compare 24 month loans

These lenders and brokers all offer two year loans and choosing one with a lower APR means you'll pay less interest and reduce your monthly repayments.

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1

Check your eligibility

Answer a few quick questions. This will not impact your credit score.

2

Compare personalised loans

See the exact amount you’ll need to pay each month. No estimates.

3

Apply online

You could get your money within hours. Complete your application on the lender’s website.

See the interest rate you’re eligible for before you apply

With real interest rates you'll see exactly how much you’ll need to pay each month. And which lenders will pre-approve your application before you apply.

17 results found, sorted by lowest representative apr. How we order our comparisons. Commission earned affects the table's sort order.
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RateSetter Personal Loan Semi Exclusive
Loan amount
£3,000 to £25,000
Representative APR
2.8% APR (£5,000 to £25,000)
Loan term
1 year to 5 years
Representative Example: Representative 2.8% APR fixed. Based on a loan of £5,000 and £179.5 arrangement fee for 60 months at 1.4% p.a. Total £5,364.60 repayable at £89.41 per month.
Eligibility
Credit rating acceptedgood
Debt consolidation
Flexible rescheduling
Guarantor requiredfalse
Managed online
Minimum Age21 years
Minimum income£12,000
Online decision
UK Resident
AA Personal Loan Ex/C Member
Loan amount
£1,000 to £25,000
Representative APR
2.8% APR (£15,001 to £25,000)
Loan term
1 year to 7 years
Available to existing customers only.
Representative Example: Representative 8.2% APR fixed. Based on a loan of £4,000 for 36 months at 8.2% p.a. Total £4,506.12 repayable at £125.17 per month.
Eligibility
Credit rating acceptedgood
Debt consolidation
Existing customers only
Guarantor requiredfalse
Managed online
Minimum Age21 years
Minimum income£12,000
Online decision
UK Resident
AA Personal Loan
Loan amount
£1,000 to £25,000
Representative APR
2.9% APR (£15,001 to £25,000)
Loan term
1 year to 7 years
Representative Example: The representative rate is 3.0% APR (fixed) so if you borrow £17,500 over 60 months at a rate of 3.0% p.a. (fixed) you will repay £314.14 per month & £18,847.80 in total.
Eligibility
Credit rating acceptedgood
Debt consolidation
Guarantor requiredfalse
Managed online
Minimum Age21 years
Minimum income£12,000
Online decision
UK Resident
Royal Bank of Scotland Personal Loan Existing Customer Only
Loan amount
£1,000 to £50,000
Representative APR
3.4% APR (£7,500 to £19,950)
Loan term
2 years to 8 years
Available to customers with a Royal Bank of Scotland current account (held for 3+ months), credit card or mortgage (held for 6+ months). Credit card and mortgage customers must apply online or by phone. 3.4% APR available for loans from £7,500 to £19,950.
Representative Example: Representative 3.4% APR fixed. Based on a loan of £7,500 for 60 months at 3.4% p.a. Total £8,155.80 repayable at £135.93 per month.
Eligibility
Credit rating acceptedgood
Debt consolidation
Existing customers only
Flexible rescheduling
Guarantor requiredfalse
Joint loan
Managed in branch
Managed online
Managed over phone
Minimum Age18 years
Online decision
UK Resident
NatWest Personal Loan Existing Customer Only
Loan amount
£1,000 to £50,000
Representative APR
3.4% APR (£7,500 to £19,950)
Loan term
2 years to 8 years
Available to customers with a NatWest current account (held for 3+ months), credit card or mortgage (held for 6+ months). Credit card and mortgage customers must apply online or by phone. 3.4% APR available for loans from £7,500 to £19,950.
Representative Example: Representative 3.4% APR fixed. Based on a loan of £7,500 for 60 months at 3.4% p.a. Total £8,155.80 repayable at £135.93 per month.
Eligibility
Credit rating acceptedgood
Debt consolidation
Existing customers only
Flexible rescheduling
Guarantor requiredfalse
Joint loan
Managed in branch
Managed online
Managed over phone
Minimum Age18 years
Online decision
UK Resident
Royal Bank of Scotland Home Improvements Loan Existing Customer Only
Loan amount
£1,000 to £50,000
Representative APR
3.4% APR (£7,500 to £19,950)
Loan term
2 years to 10 years
Available to existing customers only. You must be a homeowner to apply for this loan.
Representative Example: Representative 3.4% APR fixed. Based on a loan of £7,500 for 60 months at 3.4% p.a. Total £8,155.80 repayable at £135.93 per month.
Eligibility
Credit rating acceptedgood
Existing customers only
Flexible rescheduling
Guarantor requiredfalse
Homeowner only
Joint loan
Managed in branch
Managed online
Managed over phone
Minimum Age18 years
Online decision
UK Resident
NatWest Home Improvements Loan Existing Customer Only
Loan amount
£1,000 to £50,000
Representative APR
3.4% APR (£7,500 to £19,950)
Loan term
2 years to 10 years
Available to existing customers only. You must be a homeowner to apply for this loan.
Representative Example: Representative 3.4% APR fixed. Based on a loan of £7,500 for 60 months at 3.4% p.a. Total £8,155.80 repayable at £135.93 per month.
Eligibility
Credit rating acceptedgood
Existing customers only
Flexible rescheduling
Guarantor requiredfalse
Homeowner only
Joint loan
Managed in branch
Managed online
Managed over phone
Minimum Age18 years
Online decision
UK Resident
Monevo Personal Loan
Loan amount
£1,000 to £35,000
Representative APR
10.6% APR (£15,000 to £19,999)
Loan term
1 year to 5 years
Monevo is a credit broker and not a lender.
Representative Example: The representative rate is 10.6% APR (fixed) so if you borrow £15,000 over 5 years at a rate of 10.6% p.a (fixed) you will repay £319.57 per month and £19,174.37 in total.
Eligibility
Credit rating acceptedpoor
Debt consolidation
Flexible rescheduling
Geographical restrictions
Guarantor requiredfalse
Homeowner only
Joint loan
Managed by post
Managed in branch
Managed online
Managed over phone
Maximum AgeUnlimited
Minimum Age18 years
Minimum income£7,000
Online decision
Self employed accepted
Social lending
UK Resident
Zopa Personal Loan
Loan amount
£1,000 to £25,000
Representative APR
15.4% APR (£1,000 to £25,000)
Loan term
1 year to 5 years
Representative Example: Representative 15.4% APR fixed. Based on a loan of £10,000 for 60 months at 15.4% p.a. Total £14,099.54 repayable at £234.99 per month.
Eligibility
Credit rating acceptedgood
Debt consolidation
Flexible rescheduling
Guarantor requiredfalse
Managed online
Minimum Age20 years
Minimum income£12,000
Online decision
Social lending
UK Resident

We are classed as a credit broker for consumer credit, not a lender.

Our services are provided at no cost to you. We may receive a commission from the companies we refer you to, but this does not affect what you will pay for the product you choose.

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Your personalised bad credit loan results are powered by Monevo. They make sure you only see real interest rates. Not just estimates like some lenders show you.

Last updated: 25 September, 2020

What are 24 month loans?

A 2 year loan is one that you repay over a 2 year period. You can borrow anywhere between £1,000 to £25,000 with a 2 year loan, but be sure that you can afford the repayments.

What can you use a 2 year loan for?

A 2 year loan can be used to anything that you need. But given that the repayment term is fairly long, 24 month loans are best used for planned expenses. These could be buying a new car, making home improvements, or going on a holiday.

How to get a cheap 24 month loan

Since you know how long you need to pay back what you want to borrow, follow these three steps to find the right loan:

    You can use our loan repayment calculator to get a quick estimate of how much your monthly payments could be.

    Here is how to apply for a loan

    Is 24 months still the right term for you?

    Once you know how much the monthly payments could be it is worth double checking if a two year loan is still the best choice:

      For example, if you borrow £2,000 with an APR of 5% over 2 years the monthly payments would be £87.64. Change the term to 3 years and they drop to £59.84.

      Can you get a 2 year loan with bad credit

      Yes, it is possible to get 24 month loans with bad credit. Many lenders will look at more than just your credit history to judge your eligibility for a loan. However, it's likely that you'll be offered a higher interest rate as you'll be considered a higher risk borrower.

      Further Information

        24 month loans FAQs

        Yes, and it could save you money in interest. Many 24 month loans let you pay back early with no fees, but others charge so check before you apply.

        Applying online can take minutes if you have your details ready.

        It stands for annual percentage rate, which is the interest you pay on the total value of your loan. The lower your APR, the lower your monthly payments.

        All the unsecured loans in this comparison offer fixed interest rates so the amount you pay will stay the same.

        About our loans comparison

        Our comparison tables include providers we have commercial arrangements with. The number of listings in our tables can vary depending on the terms of those arrangements, as well as other market developments. They are all from lenders regulated by the Financial Conduct Authority. For more information you can also see how our website works.

        We have commercial agreements with some of the companies in this comparison and get paid commission if we help you take out one of their products or services. Find out more about how our website works.

        You do not pay any extra and the deal you get is not affected.