What can I expect from a 24 month loan?
With 24 month loans, you can expect the loan amounts on offer to be north of £1000, with some banks offering as much as £25,000.
Can I get a 24 month loan with bad credit?
If you’ve got bad credit and you’re looking for a larger loan, repaid over longer than 12 months then you still have options. Some longer term loan options for bad credit will require you to have a guarantor, so bear that in mind. If accepted for a guarantor loan, it is likely that you will have to pay a higher APR than those offered by the high-street banks and supermarkets.
Will I get an instant decision if I apply online?
If you complete a loan search on Choose Wisely, within seconds you will be presented with a comparison table of lenders. This will allow you to compare lenders who have accepted your application in principle. Once you’ve compared your options, you can then visit the website of your chosen lender,complete your application and if accepted, sign your credit agreement. On submission of a full application the lender will give you a final decision instantly. Be aware that when you apply with your direct lender of choice, you will be credit checked.
What is the cheapest 24 month loan if I have poor credit?
When looking for a loan, particularly if you’re facing financial difficulty, make sure you do your research before applying. The cheapest option if you have bad credit may be a guarantor loan. The reason being is that if you have a guarantor to support your application, this limits risk for the lender and they can afford to charge you less in interest.