A selection of 24 month personal loans for the cash you need

Information verified correct on March 25th, 2017

Find a personal loan where you have up to 2 years or more to pay back.

If life throws you a financial curveball, it’s comforting to know you can access resources to handle any situation. A personal loan can help in an emergency, debt consolidation, or perhaps that family vacation, and gives you more time to pay it back than a payday or installment loan. You can get the money you need, often up to $35,000 or more, with a 24-month personal loan.

Comparisons of personal loans

Rates last updated March 25th, 2017
Unfortunately, none of the personal loan providers have a loan for that credit score. It you are urgent need of a small loan, you might want to check out a short term loan.
Interest Rate (p.a.) Maximum Loan Amount Term of Loan Turnaround Time
NetCredit Personal Loan
You could borrow up to $10,000 and get an interest rate personalized to your credit score
From 34% (variable) $10,000 Varies upon State 1 business day Go to site More
Lending Club Personal Loan
Borrow up to $40,000 with rates from 5.99% to 35.89% APR based on your credit score.
From 5.99% (fixed) $40,000 Flexible Terms Varies Go to site More
SWIFT Personal Loans
Access multiple lenders with a 5-minute application for a cash advance on your paycheck.
From 0% (variable) $10,000 1-2 days Go to site More
OppLoans Personal Loans
Get a better personal loan of up to $5,000 with 9- to 24-month repayment terms, depending on your state.
From 59% (variable) $5,000 9 to 24 months 1 business day Go to site More
Prosper Personal Loan
Loans made simple.
From 5.99% (variable) $35,000 Flexible Terms 1-3 business days Go to site More
LightStream Personal Loans
You could borrow up to $100,000 with rates starting from 2.19% fixed, with AutoPay**.
From 2.19% (fixed) $100,000 Flexible Terms Varies Go to site More
Avant - Personal Loan
Borrow up to $35,000 with APRs ranging from 9.95% – 36.00%
From 9.95% (variable) $35,000 Up to 5 years 1-2 business days Go to site More

Have we missed anything in the comparison table? Tell us

  • If the provider quotes a different rate to the one above please let us know

How does a 24-month personal loan work?

Personal loans are designed to help you with your finances when you need cash soon but would like to pay it back over a year or more. Traditional personal loans through a bank or other lender can be applied for online, but because they lend at higher amounts, may require more paperwork and have a longer turnaround time.

Installment loans can be another option when looking for a cash loan with longer terms than a payday loan, but shorter terms than a personal loan. Often installment loans will get you cash faster, and in higher amounts than a payday loan, but with a longer period to pay it back. Loan terms will vary based on the state you live in. You can usually apply online and have the cash you need deposited quickly.
How installment loans work

Compare installment loans

Rates last updated March 25th, 2017
Unfortunately, none of the personal loan providers have a loan for that credit score. It you are urgent need of a small loan, you might want to check out a short term loan.
Interest Rate (p.a.) Maximum Loan Amount Term of Loan Turnaround Time
NetCredit Installment Loan
Build a positive credit history and borrow up to $10,000 with Net Credit.
From 34% (variable) $10,000 Varies upon state 1 business day Go to site More
Cash Central Installment Loan
Get a Payday Loan from a state licensed CFPB regulated lender, and look forward to accessing approved funds quickly.
From (variable) $5,000 Varies Overnight Go to site More
OppLoans Personal Loans
Get a better personal loan of up to $5,000 with 9- to 24-month repayment terms, depending on your state.
From 59% (variable) $5,000 9 to 24 months 1 business day Go to site More
Check City Installment Loan
Even if you have poor credit, apply with this short-term loan specialist offering quick disbursement and referral rewards.
From (variable) $2,500 Varies Next Day Go to site More

Have we missed anything in the comparison table? Tell us

  • If the provider quotes a different rate to the one above please let us know

What do you need to look for when comparing 24 month loans?

  • Fees and rates.
    Rates will vary based on whether you choose a personal loan or installment loan. Shopping around is the best way to ensure you end up with a loan with competitive rates. Check what the APR of the loan will be, if there are origination fees, late payment fees, or early repayment fees.
  • Repayment terms.
    Does the lender offer a long enough payment period for you? The repayment schedule should be within your income so you can comfortably afford to make the payments.
  • Approval period.
    Turnaround time will vary. Bank loan applications can be in-depth and often time consuming, whereas a payday or installment loan approval processes are quicker with the cash transferred to your account within a couple of days.

Pros and cons

Pros

  • Longer loan terms.
    Most two-year personal loans offer you a flexible repayment period and repayment options that suit your finances. You usually have the option to make weekly, biweekly or monthly repayments to fit your budget.
  • Flexible loan amount.
    A 24-month personal loan gives you access to a wide range of loan amounts, some up to $35,000 or more. Different lenders offer different loan amounts, but you can generally borrow anywhere from $2,500 to $35,000. It is advisable not to take out multiple loans in a row, as that can affect your credit as well as strain your budget, so be sure to apply for the amount you need.

Cons

  • Higher loan means more to repay.
    It can be easy to apply for the max loan amount offered, only to realize that later that the repayments are hard to make. Be sure that whatever loan you take out, you are able to make the payments within your income.

Things to be cautious of

  • Overspending.
    The temptation to borrow more than you need is always there. Remember that you will have to pay interest and other additional costs on your loan, so you should only borrow the amount you need and have a clear purpose for what you want to spend it on.
  • Missing repayments.
    Make sure that you can comfortably make your monthly repayments before you apply for a loan, as there are usually penalties for late payments.

How to apply

A 24-month personal loan can make life a lot easier when you find yourself in a tight financial spot. Please note that you will have to meet the following requirements:

  • You have to be at least 18 years old
  • You must be a United States citizen
  • You must provide proof of income

Other fixed-length loans options

Loan term
7 days30 days60 days
3 months5 months6 months
9 months12 months

Bottom line

Remember, it’s always important to compare your options when it comes to loans for any term length. Use the tables above to help with your comparisons.

Are payday loans available in my state?

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US Personal Loans Offers

Learn about our information service
Lending Club Personal Loan

Borrow up to $40,000 with rates from 5.99% to 35.89% APR based on your credit score.

SWIFT Personal Loans

Access multiple lenders with a 5-minute application for a cash advance on your paycheck.

PersonalLoans.com

An online loan matching service that connects you with lenders.

NetCredit Personal Loan

You could borrow up to $10,000 and get an interest rate personalized to your credit score

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