What are some good $3,000 loan options?

You can get a $2,000 loan from lenders such as Citibank, Avant, Best Egg, and Prosper. The best place to get a $2,000 loan is Citibank because Citi offers personal loans of $2,000 to $50,000 and never charges an origination fee. Most big lenders that don’t charge origination fees have loan minimums above $2,000.… read full answer

If you’d like to see what $2,000 loan options you might qualify for, use WalletHub’s free pre-qualification tool. You can specify a loan amount of $2,000 and then check which lenders are likely to approve you as well as what rates you might get.

Where to Get a $2,000 Loan

• Citibank: Loans of $2,000 to $50,000. APRs of 7.99% - 23.99%.
• Avant: Loans of $2,000 to $35,000. APRs of 9.95% - 35.99%.
• Best Egg: Loans of $2,000 to $50,000. APRs of 4.99% - 35.99%.
• LendingClub: Loans of $1,000 to $40,000. APRs of 7.04% - 35.89%.
• Prosper: Loans of $2,000 to $40,000. APRs of 6.99% - 35.99%.
• Upstart: Loans of $1,000 to $50,000. APRs of 5.35% - 35.99%.

The most important things to consider when shopping for a $2,000 loan are the APR range, origination fee, and credit score requirement. If you have bad credit, you may want to take out a loan from a lender with higher APRs but much lower approval requirements, like Avant. But if you have better credit, you can go for a loan with a higher credit score requirement and the potential for lower APRs and fees.

Good Alternatives for a $2,000 Loan

Home equity loans

Home equity loans let you borrow money secured by your house. The maximum amount you can borrow is a percentage of the difference between your home’s value and your mortgage balance. You’ll usually have 5 to 30 years to pay off a home equity loan. The downside is that if you can’t pay the loan back, you could face foreclosure.

Credit cards

Depending on what you need money for, you might have the opportunity to charge it to your credit card if you have a high enough limit. However, you should note that it’s ideal for your credit score to use less than 30% of your available credit.

Friends and family

People you know well might be willing to lend you money, and with better terms than a traditional lender. It’s important to treat these loans as seriously as you would a traditional loan, though.

Places to Avoid for Getting a $2,000 Loan

Auto title lender

You can borrow against your car’s title for 15 to 30 days, but these loans are extremely expensive, charging up to 25% of what you borrow. Plus, you can lose your car if you can’t repay what you owe.

Pawnshop

You can exchange an item to receive part of its value in cash. Then, you have a certain amount of time to repay the money with interest, around 2% to 25% per month, and reclaim your item. If you don’t repay the money, the pawnshop will sell your item instead.

Payday lender

Payday loans let you borrow against your next paycheck. They often charge fees equivalent to a 400%+ APR, and it’s unusual for payday loans to offer more than $1,000 in funding.