Searching for a £2,000 loan with CashLady
CashLady is a credit broker, not a lender. We work with a large panel of trusted lenders, all of whom are authorised and regulated by the Financial Conduct Authority (FCA).
You’re welcome to search for a loan with CashLady if you:
- Are over the age of 18;
- Are a UK resident;
- Have a UK bank account and valid debit card; and
- Have a regular source of income paid directly into your bank account.
Why choose CashLady to help you search for a £2,000 loans
- We’re authorised and regulated by the Financial Conduct Authority (FCA).
- Our online form is straightforward to complete.
- Our service is completely free to use.
- All quotes are no-obligation.
- We work with over 30 responsible lenders and could help match you with a suitable loan.
How does the CashLady process work?
- 1. Complete our online form - this shouldn’t take more than 5 minutes.
- 2. In just 60 seconds, we’ll run a soft search on your financial history and scan our panel of lenders for a suitable match.
- 3. If we find you a loan, you’ll be redirected to the lender’s website, where you can decide whether you’d like to go ahead and make a full application.
- 4. At this stage, you’ll need to provide the lender with some further information to enable them to complete a hard credit search.
- 5. If the lender is happy with the outcome of their checks, you’ll be sent a loan agreement. Take the time to read through this carefully before deciding if this is the right loan offer for you.
What’s the difference between a soft and hard search?
A soft search is a way for brokers and lenders to gain an insight into your financial history without leaving a mark on your credit file or affecting your credit score.
A hard search provides lenders with a thorough understanding of your credit history. When a hard search is carried out, it will remain visible on your credit file for up to 12 months, and you should be aware that multiple hard searches within a short space of time could have a negative impact on your credit score.
How much will a £2,000 loan cost me?
The overall cost of any loan will depend on the Annual Percentage Rate (APR) you are offered.
The APR reflects the total annual cost of borrowing, including interest. Please note that the APR does not include any additional fees, such as late charges, if applicable.
How long will I have to repay a £2,000 loan?
The lenders on our panel offer £2,000 loans with repayment terms between 6 and 36 months.
You should think carefully before deciding on the right loan term for you. While longer terms allow you to spread the cost of your borrowing, you will end up paying more in interest.
How quickly can I get a £2,000 loan?
If your application is approved by a lender, your money could be sent the same day, although the time it takes for the funds to show in your account will depend on your bank’s policies and procedures.
Each lender has its own payout time scale. You will be able to discuss with your lender in more detail when you can expect to receive your loan.
What are my chances of getting a £2,000 loan with bad credit?
Having bad credit doesn’t necessarily mean that you’ll be turned down for a loan, although it could limit your options.
CashLady works with a number of lenders who specialise in loans for those with poor credit history.
Before you apply for a £2,000 loan for bad credit, you should bear in mind that if you are matched with a lender, your loan offer could be at a higher interest rate. Additionally, you might not be approved to borrow as much money as you need to.
What’s a ‘thin’ credit file?
A thin credit file is when you have little to no credit history. If you’ve never paid bills or borrowed credit before, you won’t have any credit history to show; this is especially common in younger people.
While having no credit history isn’t a bad thing, it could make it difficult to get approved for a loan. This is because lenders have no evidence of how you manage credit and, as such, may view your application as riskier.
Several of the lenders on the CashLady panel are willing to consider applications from those with a thin credit file.
I can no longer afford my repayments; what are my options?
We understand that this situation can feel frightening, but please try not to panic.
You should contact your lender as soon as you can and explain the situation. Remember, your lender is not there to judge you or your personal circumstances and will instead want to work with you to come up with a suitable plan.
I’m worried about money; where can I find advice?
Free, impartial advice can be found through charities and organisations such as StepChange, MoneyHelper, Citizens Advice and National Debtline.
CashLady Representative 79.5% APR