Loans 2 Go
Borrow from £250 to £2,000 with no upfront fees and potential same day payouts. Approval is fast. No impact on credit score for eligibility check.
Loans 2 Go offers personal loans for UK residents seeking an option for short-term borrowing. Their loans range from £250 to £2,000 and may be ideal for urgent expenses. The application is straightforward and can result in funds transferred to your account the same day, subject to approval and working hours.
The current representative example is a loan of £550 over 18 months with a flat rate of 168% per annum (fixed). This results in an APR of 679%, with repayments totalling £1,936.08. No upfront or set-up fees are charged, giving customers clarity from the outset.
Loans 2 Go is a direct lender, providing a transparent application process. You can check your eligibility with no impact on your credit score before making any commitments, giving added confidence during your loan search.
How to Apply: Step-by-Step
Check your eligibility by specifying the amount you wish to borrow and answering a few simple questions.
If provisionally accepted, complete your application by providing further details as required.
Once your application is fully approved and all checks are complete, Loans 2 Go aims to transfer funds the same working day.
Loans are subject to eligibility and affordability checks, ensuring responsible lending.
The entire process is designed to be fast, digital and convenient for UK borrowers.
Pros
One significant benefit is the absence of any upfront or set-up fees, which many competitors still charge.
Another advantage is the possibility of receiving same-day payouts once your application is approved within working hours. The convenience cannot be overstated.
Cons
The most prominent drawback is the notably high APR, which makes these loans an expensive option for borrowing.
Further, the loan is not suitable for ongoing financial difficulties or for those using loans to cover everyday living costs.
Verdict
Loans 2 Go is a transparent lender offering quick access to funds with no upfront fees, making it a viable option for emergency cash needs. However, potential borrowers must carefully consider the high cost before proceeding, ensuring repayments fit comfortably within their budget.