Loans 2 Go
Borrow £250-£2,000 with Loans 2 Go. No setup fees, excellent Feefo rating & possible same-day payout. Apply online; check eligibility without affecting your credit score.
Loans 2 Go provides online personal loans from £250 to £2,000. There are no set up fees and the loans are available over either 18 or 24 months. Loans 2 Go is a direct lender, meaning you won’t pay unnecessary broker fees. If provisionally accepted, you can get a same-day payout (depending on application time and approval).
The interest rates are notably high, with a flat rate of 168% per annum (fixed) and a representative APR of up to 679%. The exact rate and term will depend on your individual circumstances, but all terms and costs are upfront. Importantly, this lender will never ask you for upfront fees. Checking eligibility won’t affect your credit score—great for risk-free applications.
How to Apply – Step by Step
1. Select your loan amount (£250-£2,000) on the website.
2. Fill in some personal and financial details to check eligibility.
3. If you’re provisionally accepted, complete the full application.
4. Once approved, receive your funds by bank transfer, often the same day (during business hours).
Pros of Loans 2 Go
One major advantage is the quick and easy online application, with instant eligibility checks that do not affect your credit. Additionally, being a direct lender ensures a transparent process—there are never any upfront fees, so surprises are avoided.
Another benefit is the flexibility on early repayment. Unlike some lenders, there are no penalties for clearing your loan early, which can save you money on interest overall.
Cons of Loans 2 Go
A clear con is the high APR, which means you pay significantly more interest compared to mainstream personal loans. Interest costs can add up quickly.
Also, the minimum repayment term is 18 months, which may not suit borrowers looking for short-term options or for those who want to repay in less time. This could increase total interest.
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Loans 2 Go suits individuals needing a fast, straightforward solution and who may not qualify for traditional loans. The same-day payout and lack of setup fees are highlights. However, borrowers should be aware of the high cost of borrowing and seek independent money advice if needed. Always ensure you can afford the repayments before proceeding.
