Loans 2 Go provides a convenient option for those looking for personal loans in the UK, offering amounts from £250 to £2,000. The application process is quick, requiring only a few details before you know if you’re eligible. Importantly, there are no upfront fees or early repayment penalties. Typical repayment terms are 18 or 24 months. The representative APR is around 679%. Eligibility and your personal rate may vary.

Application Step-by-Step

• Check your eligibility online with no impact on your credit score
• Choose your desired loan amount and fill in quick details
• If provisionally accepted, complete your full application
• Once approved, funds can be transferred into your UK account the same day (subject to working hours)

Key Advantages

One major advantage of Loans 2 Go is the speed and convenience. Applicants can receive a lending decision within minutes and may see funds in their account the same day once approved.

The absence of set up fees or early repayment charges provides reassurance for borrowers who might want financial flexibility. Checking eligibility leaves no mark on your credit score at the initial stage.

Potential Drawbacks

The most significant downside is the high representative APR of 679%. This means that borrowing can be expensive compared to other forms of credit, especially if you are eligible for lower interest alternatives.

Additionally, missing repayments can lead to serious financial issues. Responsible borrowing is essential and you should only take out a loan you are confident you can repay.

Verdict

Loans 2 Go is a solid option for those seeking a fast, small personal loan with transparent costs and quick access to funds. However, the high APR makes it best suited for urgent, short-term needs, when all lower-cost options have been considered.