Loans 2 Go
Borrow £250 to £2,000 over 18-24 months. No upfront fees, same day payout and no early repayment penalty. Direct lender. Rated excellent by customers.
Introducing the Loans 2 Go Personal Loan
Loans 2 Go offers online personal loans from £250 up to £2,000, with repayment terms of 18 or 24 months. The representative APR can be high, quoted at 679% for a typical loan, so it’s designed for those who may have fewer credit options elsewhere. There are no set up fees, and borrowers can settle at any time without penalty, making it a flexible alternative in the UK personal loan market. Direct payment is usually arranged the same day the application is approved. Applicants should be over 21, employed, and UK residents holding a UK bank account and debit card.
How to Apply: Step-by-Step Guide
Applying for a Loans 2 Go personal loan is quick and straightforward. First, check your eligibility on their website without any impact on your credit score.
If provisionally accepted, continue to fill out the full application form. Provide details about your employment, income, and banking information. Once reviewed, you’ll receive a quick decision and, if approved, the funds are transferred directly into your account the same day, within working hours.
Loan Pros: What We Liked
Loans 2 Go boasts a fast approval process, often resulting in same day payouts to your bank. There are no upfront fees, so you only repay what you borrow plus interest.
The absence of early repayment penalties provides extra peace of mind if you wish to clear your debt quicker. Their decent customer reviews also add an extra layer of reassurance.
Loan Cons: Considerations
The most notable downside is the high representative APR, making this a costly borrowing option if you don’t settle early. It’s best for those facing short-term cash needs or limited credit.
The minimum loan amount is £250, and the strict eligibility requirements exclude those under 21 or without regular employment in the UK.
Verdict: Is Loans 2 Go Right for You?
Loans 2 Go delivers speedy access to funds, no upfront fees, and repayment flexibility, but the steep interest rates mean it’s best reserved for urgent, short-term borrowing where other avenues aren’t open. We recommend careful comparison and a focus on repaying early if you choose this provider.