£2,000 Loans

A £2,000 loan could help with home renovations, help pay for your wedding, or go towards a new car. Check the loans you’re eligible for with Asda Money without affecting your credit score.

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How does a £2,000 loan work with Asda Money?

We work with a panel of carefully selected and trusted lenders, to help find a £2,000 loan that works for you.

With one simple eligibility check, you may get offers from a number of the UK’s leading lenders so you can choose one that best suits you and your borrowing needs. You’ll then go on to complete a full application with the lender.




When can a £2,000 loan help?

Loans Home Improvement

Many people choose to borrow £2000 to help with minor home improvements, such as buying new furniture, redecorating, or putting it towards:

  • A new kitchen or bathroom
  • Upgrading your kitchen appliances
  • Increasing your overall home renovation budget

You could also borrow £2,000 to go towards a new car or pay the deposit for a car lease. It could help towards paying for your dream wedding or assist with consolidating existing debt.

Please remember that by consolidating existing borrowing, you may be extending the term of the debt and increasing the total amount you repay.


Types of loans

Unsecured personal loans (we offer access to these at Asda Money)
  • Usually a small, fixed rate loan for personal use
  • For amounts between £1,000 and £25,000
  • The amount you can borrow and the rate you see is based on things like your personal circumstances and credit score
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Secured personal loans also known as homeowner loans (we don’t offer access to this type of loan)
  • Typically sums over £15,000 and repaid over longer periods of 5-25 years
  • What you can borrow and the interest rate depends on your credit history, your assets and personal circumstances

Secured loans require security in the form of an asset, which is usually your home. It’s crucial to understand that if you don’t keep up the payments on a secured loan, your home can be repossessed to pay off any debt secured against it.

Woman in yellow jumper reviewing financial services on mobile and laptop in her home

How much will a £2,000 loan cost?

The full cost of a loan for £2,000 depends on specific factors.

When you take out a £2,000 loan, you’ll need to pay interest. The interest rate and APR is set by the lender. When you check your eligibility for a personal loan for this amount, the lender may  offer a specific interest rate based on your financial history and credit rating – the better your borrowing history, the more likely you’ll get a lower rate.

The length of the loan will also affect the cost. By choosing a longer loan term – say a loan over five years vs. a loan over three years – you’ll pay less each month but may pay more in interest over the term of the loan. This means you could end up paying more in the long run.



Will a £2,000 loan affect my credit score?

When you check your eligibility  for a £2,000 personal loan through Asda Money, we’ll show you the available loans from our panel of lenders. This doesn’t affect your credit score and only leaves a soft credit footprint on your file.

If you choose to take up one of the offers, you’ll then be able to continue directly to that lender. They may then complete a hard credit search which will show up on your file before they release your funds.


Frequently asked questions

Can I pay back my £2,000 loan early?

It should be possible to pay your £2,000 loan back early, but this will depend on the loan agreement with the lender. Check the terms and conditions of your loan agreement to see if there is an early repayment charge – if there is, you’ll need to pay extra to finish your loan early.

Can I get a £2,000 loan without a credit check?

When you apply for a loan from one of the lenders on our panel, they will likely run a credit check on your credit file.

What is the monthly payment on a £2,000 loan?

Your monthly payment depends on the available deals from our panel of lenders. The amount you pay each month is determined by the interest rate and the term of the loan. A loan over five years may have lower monthly repayments than a three-year loan, but it may cost more in the long run when you factor in the interest.

You can check your eligibility for loans with our lender panel, with no obligation to proceed, so you can see what loan options are available to you.

Loans Calculator 


About our trusted provider, Aro

Asda is in partnership with Aro which is a trading name of Aro Finance Limited. Both Asda Money and Aro are credit brokers, not lenders. We offer our customers a different solution to borrowing money and finding a loan.

We work alongside Aro so we can provide our customers with their very best loan offer from a panel of handpicked trusted lenders.

With one simple eligibility check, our panel of lenders can provide you with a loan tailored to your needs. It’s also a safe way to find a loan without negatively affecting your credit rating.

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