Moolr™ offer FREE, market comparisons with NO obligation to proceed. 24 month loans for any credit score, whatever your needs.
24 month loans for people that need it as soon as possible. Discover what Moolr can do for you today and locate the ideal unsecured 2 thousand pound loan over 24 months immediately.
Loans To Suit Your Needs
The loan market is a vast and often confusing one for those looking to secure finance. Nevertheless, the wealth of choice can be used to the advantage of a borrower. The borrower can demand flexibility and competitive terms. Hence why Moolr brought together the best lenders in one handy website. You can search what is available and decide what is best for you. Ensure that borrowing is the best path before proceeding. Examine terms and conditions thoroughly so that you are fully confident of making full repayments on time.2 thousand pound loan over 24 months are just one of many products on offer on our site.
How does the application for 24 month loans work?
To apply via the Moolr website for 2 thousand pound loan over 24 months, you will be required to fill in a short, seamless application form on which you will list a few personal details. This is so that your application can be processed as soon as possible. You can apply via any online device, be it a PC, laptop, tablet or mobile phone.
The short term loan application form should only take a few minutes to fill in. You enter a few personal details such as your address and your bank details. The lender thus knows where to deposit funds. You will also choose how much you wish to borrow, and the repayment period. You will also supply employment details and the like.
Checks Run By Lenders
When applying online for any type of credit, the lender will run a number of checks to gauge whether you are suitable for the product. They will then be in a position to give you a quick decision. Lenders will do basic checks to ascertain you meet the general criteria . They run a credit check to get an idea of how reliable a borrower they hope you will be. There are a few select financial products that don’t require a credit check. Such products usually attract a higher interest rate though.
The lender will also decide the interest rate, something which the person’s credit score affects. Lenders will look at income too so that they are confident repayments will be made in full and on time. Some may ask for payslips as evidence. Monthly expenditure may also be looked at. If the individual has borrowed off the lender before, they will also be in a position to better assess their reliability in making repayments.
How soon can I receive funds?
Short term loan lenders put a significant emphasis on providing funds to those that require it quickly. Most borrowers will have the money in their account within a day. Many will receive money the same day. Occasionally further checks may be needed or a quick phone call required, which will slightly slow down the process.
Consequences of non-repayment for 24 month loans
As with any credit agreement, the terms and conditions should always be examined fully before committing to proceed. However, at Moolr we understand that occasionally circumstances change and people struggle to make repayments on time and in full. Therefore, it is vital that you consider the consequences of missing payments.
Negative impact on your credit score
Unfortunately a missed payment is likely to impact on your credit rating, by lowering your score. Other prospective lenders will be able to see this when making future checks on your suitability for credit. You can repair any damage that is done to a score in time. Making regular payments after defaulting is one way to do this, though it is not an instant process.
Measuring the total cost of a short term loan
Understandably high interest rates for loans confuse many. Especially so for loans that last a short period of time. 24 month loans should not however fall into this criteria. The simplest way to decide if a loan is suitable for you is to look at the total amount repayable and decide if that is a loan worth taking out, and is beneficial to you.