Loans2Go
Flexible loans from £250 to £2,000 with same day transfers, fixed terms, no set-up fees and easy online application. Simple, direct and transparent.
Loans2Go stands out for those needing personal loans quickly and with minimal fuss. With loans starting from £250 up to £2,000, and repayment terms of 18 to 24 months, it provides a solution for short-term cash needs. Notably, Loans2Go are a direct lender, meaning you avoid broker fees, and there are no upfront or set-up fees. Representative, the APR is 679% for a £550 loan over 18 months.
The lender claims a fast and straightforward application process. Same day payout is possible if your application is approved before end of business hours. Eligibility checks will not affect your credit score initially, although a full application does include a credit check that may leave a footprint.
How to Apply: Step-by-Step
1. Select the amount needed and answer a few eligibility questions online. 2. If provisionally accepted, submit your full application. 3. Receive a decision and, if approved, get your funds potentially the same day.
Pros of Loans2Go
Convenience is a key advantage; the fully online process gets you an instant eligibility result. For those seeking immediate funds, Loans2Go’s same-day transfer is a significant benefit.
No set-up or admin fees add extra transparency to the offer. You will also appreciate that initial eligibility checks do not affect your credit score.
Contras a considerar
The high representative APR (up to 679%) means these loans should only be used for genuine emergencies. Interest amounts paid can be significant over the total term.
Additionally, late repayment comes with risks, potentially damaging your credit profile and future borrowing ability. Always consider lower-cost alternatives first.
Veredito: Devo me candidatar?
If you need cash quickly and meet the affordability checks, Loans2Go is a fast and transparent option for emergency borrowing, thanks to its straightforward application and lack of upfront fees. However, the high cost means it’s not the best choice for ongoing financial issues. Responsible borrowing is vital to avoid future money problems.
