Loans 2 Go
Personal loans from £250 to £2,000, no upfront fees, fast approval, and no early repayment penalty. Flexible 18-24 month terms and same day payout for eligible applicants.
Loans 2 Go offers UK borrowers personal loans ranging from £250 to £2,000, with terms of either 18 or 24 months. The most notable highlights include absolutely no set up fees, no early repayment penalties, and a fast application process. The typical representative flat rate is 168% per annum (fixed), with a 679% APR, depending on your circumstances.
To apply, you need to be at least 21 years old, a UK resident in regular employment, with a UK bank account and debit card. The provider promises eligibility checks without affecting your credit score, allowing you to see if you qualify before a full credit search.
How to Apply: Step by Step
- Select your loan amount and enter a few personal details into the eligibility checker.
- If provisionally accepted, continue with your full application online.
- Upon approval, Loans 2 Go transfers your loan – often on the same day, subject to working hours.
Pros of Loans 2 Go
The biggest advantages are the lack of upfront fees and the absence of early repayment penalties, making it cost-effective if you can repay sooner.
Same-day payout is advantageous for those needing funds urgently. Plus, the eligibility checker won’t impact your credit score initially, adding peace of mind.
Cons to Consider
The interest rate is high compared to traditional lenders, with a representative APR of 679%. This makes it a costly option for long-term borrowing.
The minimum loan duration is 18 months even though you can repay early. For some, this long term might not offer the most affordable solution.
Our Verdict
Loans 2 Go is best for individuals seeking quick personal funding with flexible repayment options, no upfront costs, and reliable response times. However, always factor in the high APR rates before applying.
