24-Month Term

24 Month Loan —
Fixed Cost, No Surprises

A 24-month loan from Cash Train gives you the longest available term — keeping each monthly repayment as manageable as possible while you tackle a significant expense. One fixed amount, every month, for exactly two years. No variable rate drift, no hidden charges, no rollovers.

Apply now →

Unregulated lender • Apply online — decision in minutes • Subject to status and affordability

Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk

Term suitability

Is a 24 Month Loan Right for You?

Choosing the right loan term is as important as choosing the right amount. A 24-month term lowers your monthly payment compared to shorter terms — but you pay interest for longer. Here is an honest look at when 24 months makes sense, and when it does not.

When 24 months works well

You are borrowing £2,000–£5,000 and the shorter-term monthly payment would stretch your budget
The expense is a long-lived asset — a home improvement, appliance, or vehicle repair — that will still be delivering value when the loan is repaid
Your income is stable and predictable over the full two years
You want certainty: the same fixed payment, month after month, with no variable-rate surprises
You may want to repay early — Cash Train has no early repayment fee, so you can clear the balance at any time and save the remaining interest

When to consider a shorter term

You are borrowing a smaller amount (under £1,000) where the total interest over 24 months outweighs the benefit of a lower monthly payment
Your income situation is likely to change — contract end, planned career break, or significant lifestyle change — within the two-year window
You already carry significant existing debt commitments; adding a 24-month obligation may not be affordable
You could comfortably afford a 12 or 18-month term — clearing the loan faster reduces total interest paid

Not sure which term suits you? Use our loan calculator to compare 12, 18, and 24-month repayments side by side before you register.

Affordability first. Before taking a 24-month loan, check that the monthly repayment is comfortably affordable even if your circumstances change slightly — a reduced-hours month, an unexpected car repair, a rise in household bills. If the repayment would require cutting essential spending, consider a smaller amount or a longer term on a lower loan. Free, impartial budgeting support is available at moneyhelper.org.uk.

Indicative figures

Indicative Repayment Examples — 24 Months

The table below shows illustrative monthly repayments and totals for a range of loan amounts over exactly 24 months, across all three Cash Train rate tiers. Actual rates and repayments depend on your credit profile and affordability assessment and will be confirmed at the point of application. These figures are illustrative only and not a quote.


Amount	Tier	Representative APR	Monthly	Total interest	Total repayable
£1,500	Flex	49.9% APR	£92.73	£725.57	£2,225.57
£2,000	Flex	49.9% APR	£123.64	£967.43	£2,967.43
£1,000	Quick	149.9% APR	£94.43	£1,266.42	£2,266.42
£2,000	Plus	39.9% APR	£116.04	£784.89	£2,784.89
£2,500	Plus	39.9% APR	£145.05	£981.11	£3,481.11
£3,000	Plus	39.9% APR	£174.06	£1,177.34	£4,177.34
£4,000	Plus	39.9% APR	£232.07	£1,569.78	£5,569.78
£5,000	Plus	39.9% APR	£290.09	£1,962.23	£6,962.23

Illustrative only — not a quote or credit offer. Calculations assume a fixed monthly rate derived from the stated representative APR, equal monthly repayments over 24 months. Quick tier: 149.9% rep. APR (£100–£500). Flex tier: 49.9% rep. APR (£500–£2,000). Plus tier: 39.9% rep. APR (£2,000–£5,000). Representative APR means 51% or more of customers accepted for that tier receive this rate or better — your personal rate depends on your individual credit profile and affordability assessment. Subject to status and affordability. Representative rates only — shown for illustration. Actual rates and terms confirmed at the point of application, subject to status and individual affordability assessment.

Product features

Cash Train 24 Month Loan Features

What you get with a 24-month Cash Train loan — and what you will never be charged for.

Fixed cost throughout

Your monthly repayment is set on day one and never changes. No variable rate, no payment shock after a promotional period. You know your total cost of borrowing before you sign.

Fixed 24-month term

Your loan runs for exactly 24 equal monthly payments. No rollovers, no extending the term to reduce arrears — we do not offer rollover products in any form.

Early repayment — no penalty

You can repay your loan early at any time. You only pay interest for the days you have actually borrowed — the remaining interest is waived. No early repayment fee applies. As an unregulated lender this is a contractual right, not a statutory CCA right.

No hidden fees

No arrangement fee, no application fee, no broker fee, no annual fee. The only cost is the interest reflected in your monthly repayment. Late payment charges may apply if you miss a payment — these are disclosed clearly in your credit agreement.

Responsible lending assessment

Every application is assessed for creditworthiness and affordability before approval. We will not approve a 24-month loan that our assessment indicates is unaffordable for you. We will always tell you clearly if we cannot help.

Unregulated lender — clear terms

Cash Train is a trading name of CM Beyer Limited. Cash Train is not authorised or regulated by the Financial Conduct Authority. We operate as an unregulated lender. All loan terms, costs and your rights are set out clearly before you sign — no surprises.

Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk

Ready to register for a 24-Month Loan?

Apply online today — get a fast decision.

Apply now →

Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk

Indicative 39.9% representative APR (Plus tier, £2,000–£5,000) • 49.9% rep. APR (Flex tier, £500–£2,000) • Subject to status and affordability • 18+ UK residents only • Cash Train is a trading name of CM Beyer Limited — Unregulated lender.

Common questions

24 Month Loan FAQs

A 24-month term produces the lowest monthly payment for any given loan amount — useful when the repayment on a 12 or 18-month term would stretch your budget. The trade-off is that you pay interest for longer, so the total cost of borrowing is higher than on a shorter term. If you can comfortably afford a 12 or 18-month repayment, that is usually the better value option. Use our loan calculator to compare terms side by side.

Yes — you have a contractual right to early repayment at any time during the 24-month term — there is no early repayment fee or penalty charge. Cash Train is an unregulated lender and the Consumer Credit Act 1974 does not apply to your agreement, but we provide this right contractually. When you repay early you pay only the interest that has accrued to the date of repayment; the remaining future interest is waived. You can make partial overpayments as well as full early settlement.

Cash Train lends up to £5,000 in total. The 24-month term is available on the Cash Train Plus tier (£2,000–£5,000) at an indicative 39.9% representative APR, and also on the Cash Train Flex tier (£500–£2,000) at an indicative 49.9% representative APR. All lending is subject to creditworthiness and affordability assessment. We will not approve a loan we believe is unaffordable for you.

At the application stage, no credit check is performed and no mark is left on your credit file. you submit a full application, a credit search will be recorded on your credit file as part of our affordability and creditworthiness assessment. If you are not yet ready to apply, applying is free and non-committal.

Contact us before you miss a payment — we will always try to find a workable solution, including a short-term payment arrangement or a temporary payment plan. Missing payments without notifying us may result in additional charges and will be reported to credit reference agencies, which could affect your credit score. Free, confidential debt advice is available from MoneyHelper and StepChange at no cost.

Other term lengths