Are you in need of a $2,000 loan? Whether it’s for a medical bill, car repair, or something else, there are a variety of places you can turn. From personal loans and credit cards to credit unions and online lenders, here’s how you can borrow two thousand dollars. Plus, find tips on getting $2,000 loans despite bad or no credit.
Compare Personal Loans
Types of $2,000 loans
You can find $2,000 loans in the form of unsecured loans, secured loans, and credit card advances. But which is best? Here’s a closer look at each.
Personal loans
Personal loans are typically unsecured lump-sum loans that you repay through a series of monthly payments over a set term, often from one to seven years. You can find them through many banks, credit unions, and online lenders.
Many personal loan lenders, including most Credible partner lenders, make available $2,000 loans. To qualify, you’ll need to meet the lender’s minimum income and credit score requirements, plus other criteria. You can prequalify with multiple lenders to get an estimate of your rate and terms. When you prequalify, it won't impact your credit, but once you formally apply for a loan, your credit score could drop by a few points temporarily.
Generally speaking, the higher your credit score, the lower your APR is likely to be. It's also less likely you'll be charged a high (or any) origination fee. (An origination fee is an upfront cost that increases the APR, and is generally deducted from the loan proceeds.)
What makes personal loans a great option to borrow $2,000, is that they tend to have lower annual percentage rates (APRs) than credit cards. For instance, the average APR on a two-year personal loan was 11.92% in May of 2024, while the average APR for a credit card was 21.51%, according to The Federal Reserve.
Pros
- Easy to apply for online
- Fast funding
- APRs competitive for good credit
- No collateral required
Cons
- Qualifying can be difficult with bad credit
- Loan origination fees, if charged, can reduce the loan amount and increase the APR
Learn More: Interest Rate vs. Annual Percentage Rate (APR)
Secured loans
Secured loans are similar to unsecured loans with one important difference. Secured loans require you to pledge collateral in exchange for the loan. The collateral must be an asset you own, such as a vehicle, your home, or a bank account.
If you don’t repay the loan as agreed, the lender can seize and sell your collateral to help pay off the outstanding loan amount. Secured loans are often easier to get because the collateral reduces the lender’s risk, but in doing so, it increases the risk for you. They can also come with lower interest rates and higher loan amounts than unsecured loans, making them easier to qualify for if you have bad credit.
Pros
- Lower interest rates
- Easier to qualify for with bad credit
- Higher loan amounts are possible
Cons
- Your collateral is at risk
- Appraisals can lengthen the application process
- Loan amount may be based on the value of the collateral
Credit card cash advances
Credit card cash advances involve going to an ATM and pulling cash out using your credit card. But you can’t pull out your entire credit limit. Credit card providers typically limit cash advances to a percentage of your credit limit.
As for the costs, credit card companies tend to charge higher APRs on cash advances and a fee per advance. For example, the Chase Freedom Unlimited card has a purchase APR of 20.49% to 29.24%, depending on your credit, and a cash advance APR of 29.99%. The card also has a cash advance fee equal to the greater of $10 or 5% of the advance amount.
When it comes to repayment, the cash advance amount is lumped into your overall credit card balance and you’re only required to make the minimum payment each month. However, you’ll be charged the elevated cash advance APR on the outstanding advance amount until it’s paid off. Plus, interest on credit card cash advances is charged immediately, unlike interest on regular purchases, which isn't charged until after a 30-day grace period.
Pros
- Fast access to cash
- No loan application if you have a card
- Flexible repayment schedule
Cons
- High APRs
- Fees apply per advance
- Interest is charged immediately
- High credit utilization hurts your credit
Where to get a $2,000 loan
You can find a $2,000 loan from a variety of financial institutions including traditional banks, credit unions, and online lenders. The right choice will depend on the type of loan you want, your financial situation, and which lender offers you the best deal.
- Online lenders: Many online lenders offer $2,000 loans and can get you money as soon as the same or next business day after you apply. The application process is fairly straightforward and is 100% digital, in most cases.
- Banks: $2,000 loans may also be available from banks. Some may even offer an interest rate discount if you're already a customer.
- Credit unions: You typically must be a member of a credit union to get a loan with one, but qualification criteria may be more lenient relative to a loan from a bank. In addition to regular loans, many credit unions offer payday alternative loans (PALs) for amounts up to $2,000. These are an especially good option if you have fair or bad credit as rates are capped at 28%, and they're designed for borrowers who struggle to be approved for credit.
Learn More: Where Can I Get a Personal Loan?
4.24.2
Credible rating
Fixed (APR)
6.99% - 25.49%
Loan Amounts
$5,000 to $100,000
Min. Credit Score
700
Check Rates
on Credible’s website
View Details
Overview
Lightstream is one of three Credible partner lenders to offer loan amounts up to $100,000, which makes it ideal for financing large expenses like home improvements or weddings. Funds are available as soon as the same day you apply, and you'll have up to 20 years to repay certain types of loans, including home improvement loans, RV loans, and boat loans. There are no origination fees, and rates are low — Lightstream's lowest APR beats SoFi's advertised lowest APR by 1 percentage point. But you'll need good credit to qualify.
Unlike most lenders, Lightstream does not let you prequalify on its site. Nor does it provide a contact phone number next to its customer service hours on its website.
Loan amount
$5,000 to $100,000
Repayment terms
2 - 20 years, depending on loan purpose
Fees
None
Discounts
Autopay
Eligibility
Available in all states except RI and VT
Min. income
Does not disclose
Customer service
Soft credit check
No
Time to get funds
As soon as the same business day
Loan uses
Credit card refinancing, debt consolidation, home improvement, and other purposes
Read full review
3.93.9
Credible rating
Fixed (APR)
7.80% - 35.99%
Loan Amounts
$1,000 to $50,000
Min. Credit Score
620
Check Rates
on Credible’s website
View Details
Overview
Upstart has one of the lowest available APRs of Credible partner lenders and of all non-partners we reviewed, making it a good choice for well-qualified applicants. However, it's also is one of few lenders that doesn't have a minimum credit score requirement (if you apply on the lender's website), which makes it an option if you have bad credit or no credit history. Upstart may charge an origination fee as high as 12%, but good-credit borrowers may not be charged one at all.
Trustpilot gives Upstart 4.9 stars, which is the highest of all lenders we reviewed.
Loan amount
$1,000 to $50,000
Fees
Origination fee
Discounts
None
Eligibility
Available nationwide
Min. income
$12,000
Customer service
Phone, email
Soft credit check
Yes
Time to get funds
As soon as 1 to 3 business days
Loan uses
Pay off credit cards, consolidate debt, relocate, make a large purchase, and other purposes
Read full review
4.44.4
Credible rating
Fixed (APR)
-
Loan Amounts
$2,500 to $40,000
Min. Credit Score
660
Check Rates
on Credible’s website
View Details
Overview
Discover Personal Loans offers low APRs, repayment terms up to seven years, no origination fees, nationwide availability, and doesn't require your Social Security number to prequalify on its site. You'll need to have an annual income of at least $40,000, and a FICO score 660 or higher, to be eligible. If your credit score is fair or poor, you'll need to go elsewhere, as Discover doesn't allow cosigners.
Funds are available as soon as the next business day after loan approval.
Loan amount
$2,500 - $40,000
Repayment terms
3 - 7 years
Fees
Late fee
Discounts
None
Eligibility
Available in all 50 states
Min. income
$40,000
Customer service
Phone
Soft credit check
Yes
Time to get funds
Funds can be sent as soon as the next business day after acceptance
Loan uses
Auto repair, credit card refinancing, debt consolidation, home remodel or repair, major purchase, medical expenses, taxes, vacation, and wedding
Read full review
44
Credible rating
Fixed (APR)
8.98% - 35.99%
Loan Amounts
$1,000 to $40,000
Min. Credit Score
660
Check Rates
on Credible’s website
View Details
Overview
LendingClub is a solid lender for good credit borrowers and some fair credit borrowers that apply directly on its website. It's easy to prequalify with LendingClub, especially if you're uncomfortable providing your Social Security number, as the company doesn't require it at the prequalification stage. (You will need to provide it if you move forward with a full application.)
While prequalification is not a guarantee that you'll be approved for a loan, LendingClub does a better job than most other Credible partner lenders at approving applicants that have successfully prequalified. In other words, you're less likely to have your application declined once you apply (if you've already prequalified). LendingClub may charge an origination fee between 3% and 8%.
Loan amount
$1,000 to $40,000
Fees
Origination fee
Discounts
None
Eligibility
Available in all 50 states
Min. income
None
Customer service
Phone, email
Soft credit check
Yes
Time to get funds
Within 3 days
Loan uses
Debt consolidation, paying off credit cards
Read full review
4.94.9
Credible rating
Fixed (APR)
8.99% - 29.99%1
Loan Amounts
$5,000 to $100,000
Min. Credit Score
Does not disclose
Check Rates
on Credible’s website
View Details
Overview
SoFi stands out for offering no-fee personal loans with competitive rates, high loan amounts, long loan terms, discounts for autopay and direct pay, and funding as soon as the same day. Plus, SoFi prioritizes convenience for existing and potential customers with features like live chat and an easy prequalification process that doesn't require your Social Security number.
The main catch is that you need to qualify for a loan with SoFi, which can be hard to do if you don't have good credit. You also won't be able to apply with a cosigner, since SoFi doesn't accept cosigners; nor does it offer secured personal loans.
Loan Amount
$5,000 to $100,000
Repayment terms
2 - 7 years
Fees
Option to pay an origination fee in exchange for a lower rate
Discounts
Autopay, direct pay
Eligibility
Available in all states
Min. income
Does not disclose
Customer service
Phone, email, live chat
Soft credit check
Yes
Time to get funds
Typically within a few days, given approval and bank account verification, but sometimes within the same day
Loan uses
Solely for personal, family, or household uses
Read full review
44
Credible rating
Fixed (APR)
8.99% - 35.99%
Loan Amounts
$2,000 to $50,000
Min. Credit Score
600
Check Rates
on Credible’s website
View Details
Overview
Best Egg is a solid lender for a wide range of borrowers and, notably, scored second for personal loan satisfaction in J.D. Power's Consumer Lending Study. It offers competitive rates, reasonable loan terms and amounts, and personal loans for fair credit. You'll need a FICO score of at least 600 to qualify, but the lower your score, the higher your APR may be. The APR includes the interest rate and origination fees, which range from 0.99% to 9.99% with Best Egg.
Note that if you successfully prequalify with Best Egg, you may be more likely to be approved for the loan relative to other lenders you prequalify with. Based on Credible data, borrowers who chose to apply for a loan with Best Egg were more than twice as likely to be approved (relative to most other Credible partners).
Loan amount
$2,000 to $50,000
Fees
Origination fee, late fee, unsuccessful payment fee, check processing fee
Discounts
None
Eligibility
Available in all states except DC, IA, VT, and WV
Min. income
None
Customer service
Phone, email
Soft credit check
Yes
Time to get funds
As soon as 1 to 3 business days after successful verification
Loan uses
Credit card refinancing, debt consolidation, home improvement, and other purposes
Read full review
3.93.9
Credible rating
Fixed (APR)
9.95% - 35.99%
Loan Amounts
$2,000 to $35,000
Min. Credit Score
550
Check Rates
on Credible’s website
View Details
Overview
Avant personal loans are a good choice for borrowers with bad credit looking for small- to moderate-sized personal loans. Loans are available up to $35,000 and you could get the money as soon as the next business day after approval. Plus, Avant is more likely than some lenders to approve the applications of borrowers who've prequalified with Avant. However, the lender charges an origination fee up to 9.99%, and its top-range interest rates are among the highest of the lenders we reviewed.
Loan amount
$2,000 to $35,000**
Fees
Origination fee, late fee, dishonored payment fee
Discounts
None
Eligibility
Available in all states except HI, IA, MA, ME, NY, VT, and WV
Min. income
$1,200 monthly
Customer service
Phone, email
Soft credit check
Yes
Time to get funds
As soon as the next business day (if approved by 4:30 p.m. CT on a weekday)
Loan uses
Debt consolidation, emergency expense, life event, home improvement, and other purposes
Repayment terms
2 to 5 years
Read full review
4.54.5
Credible rating
Fixed (APR)
9.99% - 35.99%
Loan Amounts
$1,000 to $50,000
Min. Credit Score
600
Check Rates
on Credible’s website
View Details
Overview
Upgrade has a suite of features that make it a very attractive lender: competitive interest rates, discounts for direct pay and autopay, as soon as same-day funding, up to seven-year repayment terms, and nationwide availability. Plus, loans are available to fair-credit borrowers, and you don't need to input your Social Security number to prequalify on the website. Upgrade even offers secured personal loans, which is not common among lenders.
However, Upgrade does charge an origination fee of 1.85% to 9.99%. You must have a FICO score of at least 600 and a minimum income of $25,000 annually to qualify.
Loan amount
$1,000 to $50,000 ($3,005 minimum in GA; $6,600 minimum in MA)
Repayment terms
2 to 7 years
Fees
Origination fee
Discounts
Autopay and direct pay
Eligibility
Available in all states
Min. income
Does not disclose
Customer service
Soft credit check
Yes
Time to get funds
1 business day
Loan uses
Credit card refinancing, debt consolidation, home improvement, major purchase, other
Read full review
4.34.3
Credible rating
Fixed (APR)
-
Loan Amounts
$5,000 to $35,000
Min. Credit Score
700
Check Rates
on Credible’s website
View Details
Overview
It’s worth considering a personal loan through Splash if you have good credit (ideally, a FICO score above 700). The platform offers loans from a wide range of lenders, and next-day funding is available. Plus, Splash has a live chat feature so you can get real-time answers without having to wait on hold or for an email. Loans are available up to $100,000 if you apply via Splash’s website.
Rates are competitive, but borrowers with excellent credit may find lower APRs elsewhere. If you need a repayment term longer than five years, you’ll need to look elsewhere as well.
Loan amount
$5,000 - $100,000 (up to $35,000 on Credible)
Fees
Origination fee
Discounts
None
Eligibility
Available in all states except VT. OH and NM net disbursed amount must be greater than $5,000. MA must be greater than $6,000
Min. income
$45,000
Customer service
Live chat
Soft credit check
Yes
Time to get funds
Same day available, typically 1-3 days
Loan uses
Debt consolidation, home improvement, medical expenses, major purchases
Read full review
4.34.3
Credible rating
Fixed (APR)
11.69% - 35.99%
Loan Amounts
$1,000 to $50,000
Min. Credit Score
560
Check Rates
on Credible’s website
View Details
Overview
Universal Credit is one of a handful of lenders that offers personal loans for bad credit. If your FICO credit score is at least 560, you may be eligible for a Universal Credit personal loan. It offers loan amounts up to $50,000, repayment terms up to seven years, and discounts for direct pay and autopay. Funds are available as soon as the next business day after loan approval.
Note that rates and fees can be relatively high — you may pay an origination fee from 5.25% to 9.99%, and APRs start at 11.69%. If you get a loan with a high interest rate, consider refinancing your personal loan at a lower rate once you've improved your credit score.
Loan amount
$1,000 - $50,000
Repayment terms
3, 5, or 7 years
Fees
Origination fee
Discounts
Autopay and direct pay
Eligibility
A U.S. citizen or permanent resident; not available in DC, IA, SC, WV
Min. income
None
Customer service
Phone, email
Soft credit check
Yes
Time to get funds
As soon as 1 business day after acceptance
Loan uses
Debt consolidation, pay off credit cards, home improvements, unexpected expenses, home and auto repairs, weddings, and other major purchases
Read full review
3.93.9
Credible rating
Fixed (APR)
11.72% - 17.99%
Loan Amounts
$5,000 to $40,000
Min. Credit Score
640
Check Rates
on Credible’s website
View Details
Overview
Happy Money has been in operation since 2009 (formerly known as Payoff). It's an option for fair-credit borrowers (plus those with better credit), and notably has a relatively low top-end APR. In other words, you could qualify for a lower rate with Happy Money with fair credit, relative to other lenders that offer fair-credit loans. The company does charge an origination fee on some loans, up to 5%, but that's not as high as some other lenders' origination fees.
You should be prepared to wait a few days to get your money, as funding can take three to five days once approved. And loans aren't available in Massachusetts or Nevada. Happy Money has an A+ rating with the BBB and is ideal for debt consolidation and credit card consolidation loans.
Loan amount
$3,000 to $40,000
Fees
Origination fee
Discounts
None
Eligibility
Available in all states except MA, MS, NV, and OH
Min. income
None
Customer service
Phone, email, chat
Soft credit check
Yes
Time to get funds
As soon as 2 - 5 business days after verification
Loan uses
Debt consolidation and credit card consolidation only
Read full review
44
Credible rating
Fixed (APR)
-
Loan Amounts
$20,000 to $200,000
Min. Credit Score
660
Check Rates
on Credible’s website
View Details
Overview
BHG Financial stands out for offering the largest loan amounts — up to $200,0001 — of any Credible partner lenders. Simply put, if you need an unsecured personal loan over $100,000, there are very few places to look, but BHG is one. You'll have up to 10 years to repay the loan, but you'll need an annual income of at least $100,000 to qualify and a FICO score that's 6601,2 or higher.
Loan amounts start at $20,000, so look elsewhere for small loans. And BHG charges a modest origination fee between 3% and 4%, depending on your financial profile. Loan funds are available within five to 14 days of loan approval. Note that you can't prequalify with BHG.
Loan amount
$20,000 - $200,0001
Repayment terms
3 - 10 years1,2
Fees
Origination fees, late fees, other fees may apply
Discounts
None
Eligibility
Available in all states except Illinois, North Dakota, and Montana
Min. income
$100,000
Customer service
Email, phone
Soft credit check
Not on lender's site
Time to get funds
In as few as 5 days3
Loan uses
Debt consolidation, baby (adoption), engagement ring financing, moving (relocation), business, home improvement, special occasion, cosmetic procedures, major purchase, taxes, credit card refinancing, medical expenses, vacation, wedding, other
Read full review
3.73.7
Credible rating
Fixed (APR)
14.30% - 35.99%
Loan Amounts
$3,500 to $40,000
Min. Credit Score
640
Check Rates
on Credible’s website
View Details
Overview
Reach is an option if you have fair credit, especially if you need money fast. According to the company, 90% of Reach personal loans are funded within one day of approval.
It's a good choice for debt consolidation and credit card refinancing, but borrowers with excellent credit may not find the lowest rates with Reach. The company also charges more fees than some of its competitors and doesn't offer direct pay or autopay discounts. If you need a 7-year term loan, you'll need to look elsewhere. Reach personal loans are not available in all states.
Loan amount
$3,500 to $40,000
Fees
Origination Fee, $15 Late Fee, $25 NSF Fee
Discounts
None
Eligibility
Available in all states except CO, CT, ME, NV, NH, TN, VT, WV, WY, and all U.S. Territories
Min. income
$1,000 monthly
Customer service
Phone, email
Soft credit check
Yes
Time to get funds
Funds typically deposited into your account in 1 business day13
Loan uses
Debt consolidation, credit card refinancing
Read full review
3.93.9
Credible rating
Fixed (APR)
18.00% - 35.99%
Loan Amounts
$1,500 to $20,000
Min. Credit Score
540
Check Rates
on Credible’s website
View Details
Overview
OneMain Financial has multiple options for bad-credit personal loans. There is no minimum credit score required (if you apply directly with OneMain), which means you could get a loan with bad credit (FICO below 580). Plus, cosigners are allowed — a cosigner is someone (ideally, with good credit) who promises to repay the loan if you can't, which can make it easier to qualify or lower your rate. And, secured personal loans are available. You secure a loan with collateral, which may also help you qualify or lower your rate.
Rates are higher than competitors and OneMain charges origination fees as either a flat fee up to $500, or a percentage from 1% to 10% (depending on your state of residence). Note that even if you prequalify for a personal loan with OneMain, getting approved isn't a given.
Loan amount
$1,500 to $20,000
Fees
Origination fee, unsuccessful payment fee, late fee
Discounts
None
Eligibility
Must have photo I.D. issued by U.S. federal, state or local government
Min. income
Does not disclose
Customer service
Phone, email
Soft credit check
Yes
Time to get funds
As soon as 1 to 2 days after acceptance
Loan use
All except business, and education
Read full review
All APRs reflect autopay and loyalty discounts where available | LightStream disclosure | SoFi Disclosures | Read more about Rates and Terms
How to get a $2,000 loan
- Check your credit: Start by checking your credit scores with the three consumer credit bureaus. Reporting any errors on your credit report can boost your score. Visit AnnualCreditReport.com for a free credit report.
- Compare lenders: Shop around to see which lenders approve borrowers with your credit score. If you have an excellent credit score, focus on lenders with the lowest overall APRs. If you have poor credit, you'll need to check each lender's minimum credit score requirement, then compare top-end APRs.
- Prequalify: Prequalifying is a way to quickly get a sense of which lenders might approve your application and at what rate. You can prequalify with multiple lenders at once using a personal loan marketplace, like Credible's. It won't impact your credit, but prequalification is not a guaranteed offer of a loan, and the final rate you receive may be different from the estimate.
- Submit the full application: Once you've chosen a lender, fill out the application and apply. The lender will perform a hard credit pull, which will impact your credit score temporarily. The lender may also ask you for additional documentation, such as W-2s, pay stubs or other personal identification.
- Get your funds: After you've been approved and agree to the loan documents, expect to get your funds as soon as the same or next business day. Some lenders can take up to a week.
Learn More: How To Get a Small Loan
How to get a $2,000 loan with bad credit
If you need a loan with bad credit, it can be more difficult to qualify. But there are a few ways to improve your odds.
Consider secured loans
First, try exploring secured loan options. A secured loan uses an asset you own to reduce the lender's risk in offering you a loan. Doing so can help to compensate for your lack of credit. As long as you pay off the loan as agreed, you won’t have to worry about losing the collateral.
Check with credit unions and community banks
Credit unions and community banks tend to be much smaller than online lenders and big-name banks, and more relationship-focused. If you're already a member of one, you may find more flexible eligibility requirements than larger institutions.
Enlist a cosigner
If you know someone with good credit who is willing to cosign a loan for you, they may help you get approved or even lower your rate. However, if you're unable to pay back the loan, your cosigner will become responsible for making payments. Note that even making late payments could hurt your cosigner's credit as well as your own.
Build your credit
If possible, focus on improving your credit score before seeking a loan. The most important factor in credit scores is your payment history, so ensure you’re making all payments on time. Credit utilization is the second most important factor, which means you should keep your credit card balances paid down. Aside from that, it helps to limit new credit applications and to maintain a mix of credit products that are open over many years.
Personal Loans Calculator
If you decide to take out a personal loan, use a personal loan calculator to determine interest charges over time.
$2,000 loan FAQ
How can you get a $2,000 loan with no credit?
If you have no credit, it’ll likely be difficult to get a $2,000 loan. However, it may be possible with the help of a cosigner or by pledging some collateral for a secured loan. To better your odds, you can also start building credit with a secured credit card or a credit-builder loan.
How hard is it to get a $2,000 loan?
Getting a $2,000 loan can be as easy as applying online and having the funds deposited into your bank account the next day. But it all depends on your credit and income situation. If you have fair or poor credit, it can be more difficult to find a lender that will offer you a $2,000 loan.
Where can I get a personal loan with no credit?
Some borrowers with no credit turn to payday loan lenders or cash advance apps for quick cash, but these generally aren't options for a $2,000 loan (plus, they can have very high fees and are generally not advised). But there are some other lenders that offer no-credit-check loans that are more like personal loans, with years- or months-long repayment periods. Costs on these loans tend to be high, but not as high as payday loans. If you're a member of a credit union, you might also try getting a payday alternative loan for $2,000.
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Meet the expert:
Jessica Walrack
Jessica Walrack is a freelance finance writer and journalist with over a decade of experience. During that time, she’s written hundreds of articles about loans, insurance, banking, mortgages, credit cards, budgeting, and taxes for well-known publications including CBS News MoneyWatch, USA Today, US News and World, Investopedia, and The Balance Money.