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Sometimes life throws unexpected expenses your way, and you may need a small loan to help cover an unplanned purchase or emergency cost. While many lenders only offer larger loans, it’s possible to find lenders who will loan you a small amount, like $2,000.

Here’s what to know about $2,000 loans, where to find one, and how to qualify for a small personal loan:

Where to find a $2,000 loan

While it’s historically been harder to find small loan amounts from non-predatory lenders, like payday lenders, the demand for smaller loan amounts has grown in recent years and more mainstream lenders are offering smaller loans.

It’s possible to find smaller loan amounts from online lenders, banks, and credit unions.

Online lenders

Many online lenders offer smaller loan amounts and provide fast funding. It’s important to compare rates from multiple lenders to find the best interest rates possible and a repayment plan that works for your budget. Prequalifying for a loan can make it easier to compare the rates and terms lenders are likely to offer you, and it won’t affect your credit score.

The application process for smaller online loans is generally fairly quick. If your application is approved, you can receive your loan funds in your bank account in as little as one to three business days, depending on the lender and your bank.

Check out these Credible partner lenders that offer loans as small as $2,000.

LenderLoan amountsTime to fund


Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
$2,000 to $35,000As soon as the next business day (if approved by 4:30 p.m. CT on a weekday)
  • Fixed APR: 9.95% - 35.99% APR
  • Variable APR: N/A
  • Min. credit score: 550
  • Loan amount: $2,000 to $35,000**
  • Loan terms (years): 2, 3, 4, 5*
  • Time to fund: As soon as the next business day (if approved by 4:30 p.m. CT on a weekday)
  • Fees: Origination fee
  • Discounts: Autopay
  • Eligibility: Available in all states except CO, IA, HI, VT, NV NY, WV
  • Customer service: Phone, email
  • Soft credit check: Yes
  • Loan servicer: Avant
  • Loan Uses: Debt consolidation, emergency expense, life event, home improvement, and other purposes
  • Min. Income: $1,200 monthly


Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
$2,000 to $50,000As soon as 1 to 3 business days after successful verification
  • Fixed APR: 7.99% - 35.99% APR
  • Variable APR: N/A
  • Min. credit score: 600
  • Loan amount: $2,000 to $50,000
  • Loan terms (years): 2, 3, 4, 5
  • Time to fund: As soon as 1 to 3 business days after successful verification
  • Fees: Origination fee
  • Discounts: None
  • Eligibility: Available in all states except DC, IA, VT, and WV
  • Customer service: Phone
  • Soft credit check: Yes
  • Loan servicer: Best Egg and Blue Ridge Bank
  • Min. Income: None
  • Loan Uses: Credit card refinancing, debt consolidation, home improvement, and other purposes


Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
$1,000 to $40,000Usually takes about 2 days
  • Fixed APR: 8.3% - 36.0% APR
  • Min. credit score: 600
  • Loan amount: $1,000 to $40,000
  • Loan terms (years): 3, 5
  • Time to fund: Usually takes about 2 days
  • Fees: Origination fee
  • Discounts: None
  • Eligibility: Available in all 50 states
  • Customer service: Phone, email
  • Soft credit check: Yes
  • Loan servicer: LendingClub Bank
  • Min. Income: None
  • Loan Uses: Debt consolidation, paying off credit cards, home improvement, pool loans, vacations, and other purposes


Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
$2,000 to $36,500As soon as the next business day
  • Fixed APR: 7.99% - 35.99% APR
  • Min. credit score: 580
  • Loan amount: $2,000 to $36,500
  • Loan terms (years): 2, 3, 4, 5, 6
  • Time to fund: As soon as the next business day
  • Fees: Origination fee
  • Discounts: Autopay
  • Eligibility: Available in all states except NV and WV
  • Customer service: Phone, email
  • Soft credit check: Yes
  • Min. Income: $20,000
  • Loan Uses: Home improvement, consolidate debt, credit card refinancing, relocate, make a large purchase, and other purposes


Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
$1,500 to $20,000As soon as the same day, but usually requires a visit to a branch office
  • Fixed APR: 18.0% - 35.99% APR
  • Min. credit score: None
  • Loan amount: $1,500 to $20,000
  • Loan terms (years): 2, 3, 4, 5
  • Time to fund: As soon as the same day, but usually requires a visit to a branch office
  • Fees: Origination fee
  • Discounts: None
  • Eligibility: Must have photo I.D. issued by U.S. federal, state or local government
  • Customer service: Phone, email
  • Soft credit check: Yes
  • Min. Income: Does not disclose


Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
$600 to $50,000 (depending on the loan term2 to 4 business days after verification
  • Fixed APR: 7.74% - 17.99% APR
  • Min. credit score: 660
  • Loan amount: $600 to $50,000*
  • Loan terms (years): 1, 2, 3, 4, 5
  • Time to fund: 2 to 4 business days after verification
  • Fees: None
  • Discounts: None
  • Eligibility: Does not disclose
  • Customer service: Phone, email
  • Soft credit check: No
  • Min. Income: Does not disclose
  • Loan Uses: Debt consolidation, home improvement, transportation, medical, dental, life events


Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
$2,000 to $50,000As soon as one business day
  • Fixed APR: 6.99% - 35.99% APR
  • Min. credit score: 640
  • Loan amount: $2,000 to $50,000
  • Loan terms (years): 2, 3, 4, 5
  • Time to fund: As soon as one business day
  • Fees: Origination fee
  • Discounts: None
  • Eligibility: Available in all states except IA, ND, WV
  • Customer service: Phone, email
  • Soft credit check: Yes
  • Min. Income: None
  • Loan Uses: Debt consolidation, home improvement, vehicles, small business, new baby expenses, and other purposes


Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
$1,000 to $50,000Within one day, once approved9
  • Fixed APR: 11.69% - 35.93% APR7
  • Min. credit score: 560
  • Loan amount: $1,000 to $50,000
  • Loan terms: 3 to 5 years 8
  • Time to fund: Within one day, once approved9
  • Loan types: Debt consolidation, pay off credit cards, home improvements, unexpected expenses, home and auto repairs, weddings, and other major purchases
  • Fees: Origination fee
  • Discounts: Autopay
  • Eligibility: A U.S. citizen or permanent resident; not available in DC, SC, WV
  • Customer service: Phone, email
  • Soft credit check: Yes


Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
$1,000 to $50,000 ($3,005 minimum in GA; $6,005 minimum in MA)Within a day of clearing necessary verifications
  • Fixed APR: 7.46% - 35.97% APR
  • Min. credit score: 560
  • Loan amount: $1,000 to $50,000*
  • Loan terms (years): 2, 3, 5, 6
  • Time to fund: Within a day of clearing necessary verifications
  • Fees: Origination fee
  • Discounts: Autopay
  • Eligibility: Available in all states except West Virginia
  • Customer service: Email
  • Soft credit check: Yes
  • Min. Income: Does not disclose
  • Loan Uses: Debt consolidation, credit card refinancing, home improvement, and other purposes


Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
$1,000 to $50,000As fast as 1 business day6
  • Fixed APR: 5.4% - 35.99% APR4
  • Min. credit score: 580
  • Loan amount: $1,000 to $50,0005
  • Loan terms (years): 3 to 5 years4
  • Time to fund: As fast as 1 business day6
  • Fees: Origination fee
  • Discounts: None
  • Eligibility: Available in all 50 states
  • Customer service: Phone, email
  • Soft credit check: Yes
  • Min. Income: $12,000
  • Loan Uses: Payoff credit cards, consolidate debt, take a course or bootcamp, relocate, make a large purchase, and other purposes
All APRs reflect autopay and loyalty discounts where available | LightStream disclosure | 10SoFi Disclosures | Read more about Rates and Terms

Banks and credit unions

Banks and credit unions also offer personal loans. But they tend to offer larger loan amounts, and you usually have to be a member of a credit union in order to get a loan from one. Many banks and credit unions offer interest rate discounts if you’re an existing customer, which can help you save on your total loan costs.

Good to know: Some credit unions offer payday alternative loans, or PALs, which are smaller loans that you repay in one to six months. You’ll have to be a member of a credit union that offers PALs for at least one month before you can apply, but these loans are a much better option than taking out a high-cost loan from a payday lender.

Time to fund a $2,000 personal loan

Depending on the lender, you may receive the loan funds in your bank account in as little as one business day after approval. Some personal loan lenders even offer same-day loans, also known as emergency loans, so focus on applying with these lenders if you need money quickly.

If you don’t need the loan funds right away, shopping around for the best rate instead of applying for a same-day loan can save you a lot of money in interest costs.

Credible makes it easy to see your prequalified personal loan rates from multiple lenders, all in one place. Getting prequalified only takes a couple of minutes.

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Qualifying for a small loan amount

When looking for a new loan, a few factors can affect the loan amount, interest rate, and terms you qualify for.

  • Credit score — Most personal loan lenders will review your credit history and score to determine how likely you are to repay the loan. The higher your credit score is, the better terms you’ll qualify for. If you have a FICO Score of 670 or higher, you’ll likely qualify for the best loan terms and interest rates.
  • Debt-to-income ratio — Your DTI ratio represents how much debt you currently have compared to your income. The less debt you have and the lower your DTI is, the more likely lenders are to issue you a loan and to give you more favorable terms and interest rates.

When you’re ready to apply for a small personal loan, take the following steps:

  • Check your credit. Take some time to review your credit report so you know where you stand. If you find a mistake on your report that’s hurting your credit score, you can dispute it with the credit bureau. You can also see what areas of your credit you need to improve and can make a plan to build a stronger credit score.
  • Shop around and compare lenders. It’s always a good idea to shop around for a loan to see which lenders will offer you the best interest rates and lowest fees. Take some time to compare a handful of lenders so you can find a loan that works best for your unique financial situation.
  • Check your prequalified rates. Prequalifying with different lenders is a great way to see what rates and terms you’re likely to qualify for if you officially apply. Lenders typically use a soft credit check to prequalify you for a loan, which won’t affect your credit score.
  • Select the best offer and apply. Once you review your prequalified rates and find the best offer, choose which lender you want to apply with and submit an official application.
  • If you’re approved, sign the loan agreement and receive funds. If the lender approves your application, you can then choose to accept or decline a loan offer. If you accept the offer, you’ll sign a formal agreement that outlines the terms of the loan. You may receive the loan funds within a few business days.

Credit score requirements

The higher your credit score is, the more likely you are to receive lower interest rates.

credit score range

Tip: If you don’t have time to improve your credit score before applying for a loan, you can apply with a cosigner who has a good credit score. This can make it easier to qualify for a loan or receive better interest rates. But if you fail to repay the loan as agreed, your cosigner will be responsible for the loan payments.

How much will a $2,000 personal loan cost?

The total cost of a $2,000 personal loan will depend on the interest rate you’re offered and the repayment plan you choose. The longer your repayment period, the more you’ll pay in interest over the life of the loan.

You can use our personal loan calculator to calculate your potential monthly payments and how much interest you’re likely to pay by the end of the loan term.

Enter your loan information to calculate how much you could pay

? Enter the total amount borrowed $
? Enter your annual interest rate %
or
? Enter the amount of time you have to repay your loan years
Total Payment $
Total Interest $
Monthly Payment $

With a $ loan, you will pay $ monthly and a total of $ in interest over the life of your loan. You will pay a total of $ over the life of the loan.


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Is a $2,000 personal loan right for you?

A $2,000 personal loan can help out in a pinch. Even if you’re in a rush to get a loan, it’s helpful to shop around and compare a few lenders. This will help you choose a loan that meets your unique needs. Plus, it ensures you get the best interest rate possible so you don’t overspend to borrow a small amount.

About the author
Jacqueline DeMarco
Jacqueline DeMarco

Jacqueline DeMarco has been a personal finance writer for over seven years and is a contributor to Credible. She has contributed content to more than a dozen financial brands, including LendingTree, Credit Karma, Fundera, Chime, MagnifyMoney, Student Loan Hero, ValuePenguin, SoFi, and Northwestern Mutual.

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