24 Month Loans

How much do you need?
£2,500 £5,000 £6,000 £8,000 £10,000 Other

Affordable £2,000 to £25,000 Online!

Representative Example: Borrow £10,000 for 24 months, 24 monthly repayments of £578,37. Total repayment £13,880.88, interest rate p.a. (fixed) 39.7%. Representative APR 39.7%.

Application takes
3 minutes
UK lender
Call us: 020 3946 6777
Bad credit

At Personal Loans Now, we understand that life happens. You can’t always predict when your roof will fall through, or your car engine will fail and sometimes your savings aren’t quite enough to cover such high and unexpected costs. We could provide you with a 24 month loan and if you’re approved, you could receive up to £25,000 in your bank account today.

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What Are 24 Month Loans?

A 24 month loan is a type of long-term loan which is paid off over a 2 year period. This kind of loan requires you and the lender you’re borrowing from to agree on a pre-planned payment schedule. Each repayment is due monthly and because it’s over an extended period, the installments are usually more affordable than a short term loan.

We also offer 3 month loans, 6 month loans and 12 month loans as alternatives.

Who Can Apply For 24 Month Loans?

If you’re over the age of 18, have a UK bank account and currently live in the UK, you’re welcome to apply for a 24 month loan. Of course, every creditor will have their own set of criteria and these will always include your home address, your employment details and the total of all your monthly expenses. Being eligible to apply doesn’t deem you automatically entitled to or guaranteed a loan, but it does mean you are free to submit an application.


How Can I Get 12 Month Loans?

How Can I Get 12 Month Loans?

24 Month Loans For Bad Credit

If you’re looking to apply for a 24 month loan, bad credit will affect your application, but that doesn’t mean it’s impossible. Some lenders will offer you a loan regardless of your credit history, as long as you can prove that you’re able to afford the monthly repayments. Personal Loans Now could offer you a loan with or without a guarantor. We provide loans to people we can trust to repay the loan following affordability checks, saving you the hassle of extra paperwork and searching for a guarantor.

It is vital to remember that if you’re applying for 24 month loans bad credit will have an impact on your application. We always recommend that you take steps to improve your credit rating before applying for a loan. A stronger credit rating will give you better chances of acceptance on 24 month loans and you’re more likely to receive better interest rates as you’re not considered a huge risk to the lender.

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Take out an personal loan for a lower interest rate. Apply today.


How Can I Use A 24 Month Loan?

There are many situations in which 24 month loans come in handy. You could use it to consolidate all your debt into one monthly payment, and this option could make your monthly repayments less than they were before. You may need to use one to purchase a new car, fix an issue in your home or for emergency travel to visit an unwell loved one abroad. Of course, it is important to think about the reason you’re applying for a loan before you go ahead. As a responsible lender, regulated by the FCA, we never recommend taking out credit unless you absolutely need to.

Things to Remember About 24 Month Loans

They’re sometimes called instalment loans – Some people in the industry call this type of loan an instalment loan. This just means that your repayments will be laid out in pre-planned instalments, in this case, for 24 months.

The type of loan


The type of loan

Usually, long-term loans are unsecured. This means you don’t need to put your assets against the value of the loan should you be unable to pay. Have a look beforehand to see if you’re applying for a secured or unsecured loan; it’s important to know what you’re signing up for.

The type of interest


The type of interest

When it comes to 24 month loans direct lenders will charge interest as this is how they make their money. Before signing anything, see if your loan has a fixed or variable interest rate. If it’s fixed, you’ll always pay the same interest. If you agree to a variable interest rate, your monthly payments will fluctuate depending on the market value at the time.

They can work out expensive


They can work out expensive

Although the monthly repayments are typically lower and more manageable, you could wind up paying lots more money than you originally took out, due to the amount you’ll have paid in interest. There are always other options available to you: there are lots of 0% interest credit cards on the market right now which may be better suited to you.


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Personal Loans Now – 24 Month Loans Direct Lenders, FCA Regulated

As an FCA regulated and responsible lender, we want to stress the importance of ensuring that if you’re approved for a 24 month loan bad credit aside, you are able to stick to your payment plan and will never miss a payment, as doing this can have a severely detrimental effect on your finances. Always assess your situation and be certain that you’re taking out a loan for the right reasons. If you feel you’re in trouble with debt, there are many helpful websites available to support you.

We can provide you with a 24 month loan of between £2,000 and £25,000 if you’re accepted. When applying for a 24 month loan bad credit is always taken into consideration, and if we can’t fund you ourselves, as a lender and broker, we are able to provide you with access to over 40 different reputable lenders thanks to our partner, Monevo. Apply today for an instant decision!

Written by: Kylie Jenson
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