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.
Contras a considerar
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.
Nosso veredicto
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.
