Loans 2 Go
Competitive personal loans from £250 to £2,000, no setup fees, and same day payouts possible. Easy application and eligibility check with no credit impact.
Loans 2 Go offers fast-access personal loans ranging from £250 to £2,000 with no setup or upfront fees. The application process is straightforward, and eligibility can be checked online with no impact on your credit score. Their current representative example shows that a loan of £550 over 18 months, at a flat rate of 168% per annum (fixed) with a representative APR of 679%, leads to 18 monthly payments of £107.56. All loans are subject to the borrower’s individual circumstances, and eligibility requirements include being at least 21 years old, employed with regular income, and a resident in the UK. Loans can be paid out on the same day, and no early repayment fees apply.
Application Process: Step by Step
First, select the loan amount you wish to apply for and check your eligibility online with a quick questionnaire. If provisionally approved, you’ll then be invited to complete a full application. The next step involves submitting the necessary documents and bank information securely. Once your application is finally approved, Loans 2 Go aims to transfer your funds to your bank account that very same day, subject to their working hours. Throughout the process, there are no impact checks to your credit score for the initial eligibility.
Key Pros of Loans 2 Go Personal Loans
One clear advantage is the speed of payout. After approval, it’s possible to receive funds on the same day, which is vital in urgent situations. Another strong point is that there are no upfront fees – you only repay what you borrow plus interest, making payments predictable and transparent. Flexible repayment options and the absence of early repayment charges provide additional customer benefits, appealing to borrowers seeking manageable solutions.
Potential Cons to Consider
The main downside is the high representative APR, which can make borrowing expensive if you need a long repayment period. For example, on a £550 loan, borrowers repay over £1,936.08 across 18 months. In addition, eligibility hinges on both employment status and UK residency, limiting who can apply. Late repayments can lead to substantial additional costs and affect your credit profile.
Final Verdict
Loans 2 Go offers a quick and easy solution for short-term financial needs with flexible repayment and no setup fees. While the high interest means you should compare options, the ease and safety of their service make them a reliable choice for those seeking speed and clarity. Consider your budget carefully and only borrow what you can repay to benefit fully from this provider.
