Loans 2 Go
Borrow £250-£2,000, no upfront fees, no early repayment charges, eligibility check with no credit score impact, and fast same-day payouts for approved applicants.
Loans 2 Go is a direct lender offering personal loans between £250 and £2,000. Loans are available over 18 or 24 months, making them suitable for short-term financial needs. Notably, no upfront fees or setup costs are charged. The typical APR is high, with a representative example showing 679% APR on a £550 loan over 18 months, but eligibility checks do not affect your credit score.
How to Apply for a Loan: Step-by-Step
First, use the eligibility checker to see if you might qualify, risk-free for your credit score. Next, if provisionally accepted, proceed to complete the full application online. Provide personal, employment, and bank account details for assessment. If approved, funds are aimed to be transferred the same day, provided it’s within business hours. The process is quick, and there’s transparency at each stage.
Key Benefits
One major advantage is that eligibility checks do not impact your credit score, giving peace of mind to applicants. Another benefit is there are no early repayment penalties, so you can save on interest if you choose to pay back earlier than planned. Quick same-day payouts also make Loans 2 Go attractive for urgent needs.
Some Drawbacks
The most significant downside is the high interest rate—representative APRs are considerably higher than many alternatives, which increases the total repayable. Additionally, the minimum loan period is 18 months, which may not suit everyone looking for shorter terms.
Nosso veredicto
Loans 2 Go provides a fast and straightforward loan option for those who can’t wait for traditional lending. While the flexibility, speed, and lack of upfront fees are strong plus points, the very high cost means it is only suitable for emergencies or when other cheaper sources are unavailable. Always ensure affordability before committing.
